ReportWire

Tag: Industrial Product

  • Emerson Electric Co. (NYSE:EMR) Shares Purchased by V Square Quantitative Management LLC

    Emerson Electric Co. (NYSE:EMR) Shares Purchased by V Square Quantitative Management LLC

    V Square Quantitative Management LLC increased its holdings in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 82.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,977 shares of the industrial products company’s stock after purchasing an additional 1,792 shares during the period. V Square Quantitative Management LLC’s holdings in Emerson Electric were worth $435,000 as of its most recent SEC filing.

    A number of other large investors have also recently bought and sold shares of EMR. Transcendent Capital Group LLC acquired a new stake in Emerson Electric during the 1st quarter worth $31,000. Meeder Asset Management Inc. boosted its stake in Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares during the period. Tributary Capital Management LLC acquired a new stake in Emerson Electric during the 1st quarter worth $35,000. Versant Capital Management Inc boosted its stake in Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 269 shares during the period. Finally, Thompson Investment Management Inc. lifted its stake in shares of Emerson Electric by 2,650.0% in the 1st quarter. Thompson Investment Management Inc. now owns 385 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 371 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

    Analyst Upgrades and Downgrades

    Several analysts have recently commented on the stock. Oppenheimer raised their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Robert W. Baird raised their target price on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $135.00 to $120.00 in a report on Wednesday. Finally, Wells Fargo & Company cut their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $125.47.

    View Our Latest Stock Analysis on EMR

    Emerson Electric Price Performance

    EMR opened at $110.44 on Friday. The company’s 50 day simple moving average is $105.66 and its 200 day simple moving average is $109.18. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The stock has a market capitalization of $63.18 billion, a PE ratio of 5.91, a P/E/G ratio of 1.70 and a beta of 1.30.

    Emerson Electric (NYSE:EMR – Get Free Report) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The business had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the company earned $1.29 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.

    Emerson Electric Announces Dividend

    The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.90%. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

    Emerson Electric Company Profile

    (Free Report)

    Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.

    Featured Articles

    Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR – Free Report).

    Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

    Receive News & Ratings for Emerson Electric Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Emerson Electric and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

    Source link

  • Magnus Financial Group LLC Invests $209,000 in W.W. Grainger, Inc. (NYSE:GWW)

    Magnus Financial Group LLC Invests $209,000 in W.W. Grainger, Inc. (NYSE:GWW)

    Magnus Financial Group LLC acquired a new position in shares of W.W. Grainger, Inc. (NYSE:GWW – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 201 shares of the industrial products company’s stock, valued at approximately $209,000.

    A number of other institutional investors also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its stake in shares of W.W. Grainger by 36.6% in the first quarter. Janus Henderson Group PLC now owns 9,506 shares of the industrial products company’s stock valued at $9,664,000 after buying an additional 2,548 shares during the period. ORG Partners LLC boosted its stake in shares of W.W. Grainger by 1,201.6% in the second quarter. ORG Partners LLC now owns 833 shares of the industrial products company’s stock valued at $748,000 after buying an additional 769 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of W.W. Grainger by 11.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 59,822 shares of the industrial products company’s stock valued at $60,857,000 after buying an additional 6,042 shares during the period. Cetera Advisors LLC boosted its stake in shares of W.W. Grainger by 576.3% in the first quarter. Cetera Advisors LLC now owns 5,559 shares of the industrial products company’s stock valued at $5,655,000 after buying an additional 4,737 shares during the period. Finally, Diversified Trust Co boosted its stake in shares of W.W. Grainger by 280.4% in the second quarter. Diversified Trust Co now owns 2,621 shares of the industrial products company’s stock valued at $2,365,000 after buying an additional 1,932 shares during the period. Institutional investors own 80.70% of the company’s stock.

    W.W. Grainger Stock Up 2.5 %

    Shares of NYSE:GWW opened at $1,112.93 on Thursday. The company has a fifty day moving average of $1,002.92 and a 200-day moving average of $962.39. The company has a market capitalization of $54.61 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 2.88 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.30. W.W. Grainger, Inc. has a 52-week low of $674.41 and a 52-week high of $1,115.63.

    W.W. Grainger (NYSE:GWW – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The industrial products company reported $9.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.58 by $0.18. W.W. Grainger had a net margin of 10.86% and a return on equity of 53.25%. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the prior year, the business earned $9.28 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts predict that W.W. Grainger, Inc. will post 38.65 EPS for the current fiscal year.

    W.W. Grainger Dividend Announcement

    The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Monday, August 12th were paid a $2.05 dividend. The ex-dividend date was Monday, August 12th. This represents a $8.20 annualized dividend and a dividend yield of 0.74%. W.W. Grainger’s dividend payout ratio is 22.64%.

    Wall Street Analysts Forecast Growth

    GWW has been the subject of several research analyst reports. Morgan Stanley initiated coverage on shares of W.W. Grainger in a research report on Friday, September 6th. They set an “equal weight” rating and a $990.00 price objective for the company. Royal Bank of Canada lowered their price objective on shares of W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. JPMorgan Chase & Co. boosted their price objective on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Robert W. Baird upgraded shares of W.W. Grainger from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $975.00 to $1,230.00 in a research report on Wednesday. Finally, Bank of America initiated coverage on shares of W.W. Grainger in a research report on Monday, October 7th. They set an “underperform” rating and a $925.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, W.W. Grainger currently has a consensus rating of “Hold” and a consensus price target of $1,030.70.

    Get Our Latest Stock Report on GWW

    Insider Buying and Selling

    In related news, CEO Donald G. Macpherson sold 12,992 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $1,037.68, for a total value of $13,481,538.56. Following the sale, the chief executive officer now owns 98,567 shares of the company’s stock, valued at $102,281,004.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Donald G. Macpherson sold 12,992 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $1,037.68, for a total value of $13,481,538.56. Following the sale, the chief executive officer now owns 98,567 shares of the company’s stock, valued at $102,281,004.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Donald G. Macpherson sold 27,502 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,000.82, for a total transaction of $27,524,551.64. Following the completion of the sale, the chief executive officer now directly owns 111,559 shares in the company, valued at approximately $111,650,478.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by insiders.

    W.W. Grainger Company Profile

    (Free Report)

    W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.

    Further Reading

    Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

    Receive News & Ratings for W.W. Grainger Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for W.W. Grainger and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

    Source link

  • Deere & Company (NYSE:DE) Shares Sold by Brookstone Capital Management

    Deere & Company (NYSE:DE) Shares Sold by Brookstone Capital Management

    Brookstone Capital Management lessened its stake in shares of Deere & Company (NYSE:DE – Free Report) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,968 shares of the industrial products company’s stock after selling 135 shares during the quarter. Brookstone Capital Management’s holdings in Deere & Company were worth $2,073,000 at the end of the most recent reporting period.

    A number of other large investors have also recently bought and sold shares of DE. Swedbank AB acquired a new stake in Deere & Company during the 1st quarter valued at $191,628,000. Mawer Investment Management Ltd. purchased a new position in shares of Deere & Company during the 2nd quarter worth $166,937,000. Dimensional Fund Advisors LP lifted its stake in shares of Deere & Company by 15.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,146,441 shares of the industrial products company’s stock worth $802,037,000 after purchasing an additional 279,627 shares during the period. Vanguard Group Inc. lifted its stake in shares of Deere & Company by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 21,988,363 shares of the industrial products company’s stock worth $9,031,500,000 after purchasing an additional 263,709 shares during the period. Finally, Strategic Financial Concepts LLC lifted its stake in shares of Deere & Company by 28,306.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 249,977 shares of the industrial products company’s stock worth $934,000 after purchasing an additional 249,097 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

    Deere & Company Stock Up 1.3 %

    Shares of NYSE DE opened at $411.11 on Friday. Deere & Company has a 12-month low of $340.20 and a 12-month high of $420.47. The company has a market cap of $113.29 billion, a P/E ratio of 12.38, a P/E/G ratio of 1.35 and a beta of 0.92. The company has a current ratio of 2.07, a quick ratio of 1.87 and a debt-to-equity ratio of 1.85. The stock has a fifty day moving average price of $387.01 and a 200 day moving average price of $385.53.

    Deere & Company (NYSE:DE – Get Free Report) last announced its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.63 by $0.66. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The firm had revenue of $11.39 billion during the quarter, compared to the consensus estimate of $10.94 billion. During the same period in the prior year, the firm earned $10.20 EPS. The firm’s quarterly revenue was down 20.3% compared to the same quarter last year. Research analysts anticipate that Deere & Company will post 25.03 EPS for the current fiscal year.

    Deere & Company Dividend Announcement

    The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Monday, September 30th will be issued a $1.47 dividend. The ex-dividend date is Monday, September 30th. This represents a $5.88 annualized dividend and a yield of 1.43%. Deere & Company’s dividend payout ratio is currently 17.70%.

    Analysts Set New Price Targets

    A number of brokerages have weighed in on DE. Deutsche Bank Aktiengesellschaft reduced their price target on Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. increased their price target on Deere & Company from $360.00 to $420.00 and gave the stock a “neutral” rating in a research note on Friday. BMO Capital Markets began coverage on Deere & Company in a research note on Friday, August 9th. They set a “market perform” rating and a $400.00 price target on the stock. HSBC lowered Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Citigroup increased their price target on Deere & Company from $395.00 to $420.00 and gave the stock a “neutral” rating in a research note on Wednesday. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $420.69.

    Read Our Latest Analysis on Deere & Company

    Deere & Company Profile

    (Free Report)

    Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.

    Recommended Stories

    Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

    Receive News & Ratings for Deere & Company Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Deere & Company and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

    Source link

  • Sumitomo Heavy Industries (OTCMKTS:SOHVY) Upgraded by Citigroup to Hold

    Sumitomo Heavy Industries (OTCMKTS:SOHVY) Upgraded by Citigroup to Hold

    Citigroup upgraded shares of Sumitomo Heavy Industries (OTCMKTS:SOHVY – Free Report) to a hold rating in a research note issued to investors on Monday, Zacks.com reports.

    Sumitomo Heavy Industries Stock Performance

    Shares of OTCMKTS SOHVY opened at $5.89 on Monday. The company has a market cap of $2.88 billion, a P/E ratio of 12.52 and a beta of 0.25. Sumitomo Heavy Industries has a 52-week low of $5.05 and a 52-week high of $7.67. The firm’s fifty day moving average is $6.21 and its two-hundred day moving average is $6.76.

    Sumitomo Heavy Industries (OTCMKTS:SOHVY – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter. Sumitomo Heavy Industries had a net margin of 3.09% and a return on equity of 8.01%. The company had revenue of $1.70 billion for the quarter. As a group, analysts forecast that Sumitomo Heavy Industries will post 0.63 EPS for the current fiscal year.

    About Sumitomo Heavy Industries

    (Get Free Report)

    Sumitomo Heavy Industries, Ltd. manufactures and sells general machinery, advanced precision machinery, construction machinery, ships, and environmental plant facilities in Japan and internationally. Its Mechatronics segment offers gearmotors, gearboxes, motion control drives, motors and inverters, drive solutions, precision positioning equipment, laser systems, control systems, motion components, and collaborative robot.

    Recommended Stories

    Receive News & Ratings for Sumitomo Heavy Industries Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Sumitomo Heavy Industries and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

    Source link

  • Graphic Packaging (NYSE:GPK) PT Raised to $35.00 at Royal Bank of Canada

    Graphic Packaging (NYSE:GPK) PT Raised to $35.00 at Royal Bank of Canada

    Graphic Packaging (NYSE:GPK – Free Report) had its price objective lifted by Royal Bank of Canada from $33.00 to $35.00 in a research report sent to investors on Wednesday morning, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the industrial products company’s stock.

    A number of other research analysts have also recently weighed in on the company. Robert W. Baird lifted their price objective on Graphic Packaging from $30.00 to $36.00 and gave the company an outperform rating in a research report on Wednesday. Citigroup decreased their target price on Graphic Packaging from $31.00 to $30.00 and set a buy rating on the stock in a research note on Monday, July 8th. Truist Financial reissued a buy rating and set a $35.00 target price (up previously from $33.00) on shares of Graphic Packaging in a research note on Wednesday. StockNews.com downgraded Graphic Packaging from a buy rating to a hold rating in a research note on Thursday, July 11th. Finally, Stifel Nicolaus started coverage on Graphic Packaging in a research note on Tuesday, July 9th. They set a buy rating and a $35.20 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $31.15.

    Read Our Latest Analysis on Graphic Packaging

    Graphic Packaging Stock Down 2.1 %

    GPK stock opened at $28.93 on Wednesday. Graphic Packaging has a twelve month low of $20.07 and a twelve month high of $30.66. The company has a quick ratio of 0.52, a current ratio of 1.45 and a debt-to-equity ratio of 1.75. The stock has a market cap of $8.68 billion, a P/E ratio of 13.09, a PEG ratio of 5.10 and a beta of 0.84. The business’s 50-day moving average price is $27.38 and its 200-day moving average price is $27.07.

    Graphic Packaging (NYSE:GPK – Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Graphic Packaging had a return on equity of 30.74% and a net margin of 7.93%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the firm earned $0.66 EPS. The business’s quarterly revenue was down 6.5% on a year-over-year basis. On average, equities research analysts forecast that Graphic Packaging will post 2.72 EPS for the current year.

    Graphic Packaging Dividend Announcement

    The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 5th. Shareholders of record on Sunday, September 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Friday, September 13th. Graphic Packaging’s payout ratio is 18.10%.

    Institutional Trading of Graphic Packaging

    Large investors have recently added to or reduced their stakes in the company. Principal Securities Inc. bought a new stake in Graphic Packaging in the 4th quarter worth approximately $26,000. Rise Advisors LLC bought a new stake in Graphic Packaging in the 1st quarter worth approximately $26,000. OLD Point Trust & Financial Services N A bought a new position in shares of Graphic Packaging during the 4th quarter valued at approximately $27,000. LRI Investments LLC bought a new position in shares of Graphic Packaging during the 1st quarter valued at approximately $38,000. Finally, GAMMA Investing LLC bought a new position in shares of Graphic Packaging during the 4th quarter valued at approximately $44,000. Institutional investors own 99.67% of the company’s stock.

    Graphic Packaging Company Profile

    (Get Free Report)

    Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.

    Further Reading

    Analyst Recommendations for Graphic Packaging (NYSE:GPK)

    Receive News & Ratings for Graphic Packaging Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Graphic Packaging and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

    Source link

  • Mueller Water Products, Inc. (NYSE:MWA) SVP Sells $127,101.22 in Stock

    Mueller Water Products, Inc. (NYSE:MWA) SVP Sells $127,101.22 in Stock

    Mueller Water Products, Inc. (NYSE:MWA – Get Free Report) SVP Kenji Takeuchi sold 6,658 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $19.09, for a total value of $127,101.22. Following the completion of the sale, the senior vice president now owns 28,334 shares in the company, valued at $540,896.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

    Kenji Takeuchi also recently made the following trade(s):

    • On Thursday, May 9th, Kenji Takeuchi sold 51,708 shares of Mueller Water Products stock. The shares were sold at an average price of $18.88, for a total transaction of $976,247.04.
    • On Wednesday, February 28th, Kenji Takeuchi sold 6,658 shares of Mueller Water Products stock. The stock was sold at an average price of $15.62, for a total transaction of $103,997.96.

    Mueller Water Products Stock Performance

    Shares of Mueller Water Products stock opened at $19.20 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.53 and a quick ratio of 2.08. The firm has a 50 day simple moving average of $16.33 and a 200 day simple moving average of $14.89. Mueller Water Products, Inc. has a fifty-two week low of $12.11 and a fifty-two week high of $19.43. The firm has a market cap of $2.99 billion, a P/E ratio of 30.00, a P/E/G ratio of 2.03 and a beta of 1.33.

    Mueller Water Products (NYSE:MWA – Get Free Report) last announced its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.15. The firm had revenue of $353.40 million for the quarter, compared to analyst estimates of $299.62 million. Mueller Water Products had a return on equity of 16.97% and a net margin of 8.10%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. Sell-side analysts predict that Mueller Water Products, Inc. will post 0.79 earnings per share for the current fiscal year.

    Mueller Water Products Announces Dividend

    The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Friday, May 10th will be given a $0.064 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.26 dividend on an annualized basis and a yield of 1.33%. Mueller Water Products’s payout ratio is 40.63%.

    Analyst Ratings Changes

    A number of research firms have commented on MWA. StockNews.com upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Oppenheimer raised Mueller Water Products from a “market perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a report on Thursday, April 18th. Robert W. Baird raised their price target on Mueller Water Products from $18.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. The Goldman Sachs Group lifted their price objective on Mueller Water Products from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, February 13th. Finally, Baird R W upgraded Mueller Water Products to a “hold” rating in a report on Wednesday, May 8th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mueller Water Products has a consensus rating of “Hold” and an average price target of $20.00.

    Read Our Latest Stock Analysis on MWA

    Institutional Inflows and Outflows

    A number of large investors have recently added to or reduced their stakes in the business. Pingora Partners LLC acquired a new position in shares of Mueller Water Products in the 4th quarter valued at $29,000. Daiwa Securities Group Inc. bought a new stake in Mueller Water Products in the first quarter valued at about $46,000. International Assets Investment Management LLC lifted its stake in Mueller Water Products by 1,340.0% in the fourth quarter. International Assets Investment Management LLC now owns 4,752 shares of the industrial products company’s stock valued at $68,000 after buying an additional 4,422 shares during the period. Register Financial Advisors LLC bought a new position in Mueller Water Products during the first quarter worth about $80,000. Finally, Global Retirement Partners LLC grew its position in shares of Mueller Water Products by 63.7% during the 4th quarter. Global Retirement Partners LLC now owns 6,962 shares of the industrial products company’s stock worth $97,000 after buying an additional 2,708 shares during the period. 91.68% of the stock is currently owned by institutional investors and hedge funds.

    About Mueller Water Products

    (Get Free Report)

    Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.

    Recommended Stories

    Insider Buying and Selling by Quarter for Mueller Water Products (NYSE:MWA)

    Receive News & Ratings for Mueller Water Products Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Mueller Water Products and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

    Source link

  • Royal Bank of Canada Has $58.39 Million Stake in Rockwell Automation, Inc. (NYSE:ROK)

    Royal Bank of Canada Has $58.39 Million Stake in Rockwell Automation, Inc. (NYSE:ROK)

    Royal Bank of Canada decreased its position in Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 35.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 204,242 shares of the industrial products company’s stock after selling 110,473 shares during the period. Royal Bank of Canada owned about 0.18% of Rockwell Automation worth $58,386,000 at the end of the most recent reporting period.

    Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Markel Corp lifted its position in Rockwell Automation by 1.3% in the 1st quarter. Markel Corp now owns 152,900 shares of the industrial products company’s stock worth $42,816,000 after buying an additional 2,000 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Rockwell Automation by 10.3% during the 1st quarter. Sei Investments Co. now owns 57,480 shares of the industrial products company’s stock valued at $16,221,000 after purchasing an additional 5,386 shares in the last quarter. Prudential PLC bought a new position in shares of Rockwell Automation during the 1st quarter valued at $642,000. Sequoia Financial Advisors LLC raised its holdings in shares of Rockwell Automation by 3.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,649 shares of the industrial products company’s stock valued at $1,021,000 after purchasing an additional 107 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Rockwell Automation by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 11,472,877 shares of the industrial products company’s stock valued at $3,212,750,000 after buying an additional 106,641 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

    Rockwell Automation Trading Down 3.3 %

    Shares of ROK stock opened at $284.79 on Tuesday. Rockwell Automation, Inc. has a 12-month low of $252.11 and a 12-month high of $348.52. The company has a market capitalization of $32.63 billion, a P/E ratio of 27.10, a P/E/G ratio of 2.73 and a beta of 1.43. The firm has a 50-day moving average price of $289.20 and a 200 day moving average price of $286.54. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76.

    Rockwell Automation (NYSE:ROK – Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.58). Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the business earned $2.46 earnings per share. Research analysts forecast that Rockwell Automation, Inc. will post 12.36 earnings per share for the current fiscal year.

    Rockwell Automation Announces Dividend

    The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Tuesday, February 20th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.76%. The ex-dividend date was Friday, February 16th. Rockwell Automation’s dividend payout ratio is currently 47.57%.

    Analysts Set New Price Targets

    A number of research analysts recently issued reports on ROK shares. Citigroup lowered their target price on shares of Rockwell Automation from $351.00 to $330.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Wells Fargo & Company lowered their target price on shares of Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating on the stock in a research note on Thursday, February 1st. Mizuho lowered their target price on shares of Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Berenberg Bank reiterated a “hold” rating and issued a $290.00 target price (down from $330.00) on shares of Rockwell Automation in a research note on Wednesday, March 6th. Finally, UBS Group upgraded shares of Rockwell Automation from a “neutral” rating to a “buy” rating and raised their target price for the company from $305.00 to $360.00 in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $306.64.

    Check Out Our Latest Stock Report on Rockwell Automation

    Insiders Place Their Bets

    In other Rockwell Automation news, VP Brian A. Shepherd sold 637 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $262.87, for a total value of $167,448.19. Following the completion of the transaction, the vice president now directly owns 5,088 shares of the company’s stock, valued at $1,337,482.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Rebecca W. House sold 13,900 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $283.02, for a total transaction of $3,933,978.00. Following the completion of the sale, the senior vice president now directly owns 8,482 shares of the company’s stock, valued at $2,400,575.64. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Brian A. Shepherd sold 637 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $262.87, for a total transaction of $167,448.19. Following the sale, the vice president now directly owns 5,088 shares of the company’s stock, valued at $1,337,482.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,877 shares of company stock valued at $5,058,772. Insiders own 0.68% of the company’s stock.

    Rockwell Automation Profile

    (Free Report)

    Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.

    Recommended Stories

    Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

    Receive News & Ratings for Rockwell Automation Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Rockwell Automation and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

    Source link

  • Northern Trust Corp Sells 18,149 Shares of Flowserve Co. (NYSE:FLS)

    Northern Trust Corp Sells 18,149 Shares of Flowserve Co. (NYSE:FLS)

    Northern Trust Corp lowered its stake in shares of Flowserve Co. (NYSE:FLS – Free Report) by 1.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 947,513 shares of the industrial products company’s stock after selling 18,149 shares during the quarter. Northern Trust Corp owned approximately 0.72% of Flowserve worth $37,683,000 as of its most recent SEC filing.

    Other hedge funds have also recently added to or reduced their stakes in the company. First Manhattan CO. LLC. grew its holdings in Flowserve by 682.6% during the 1st quarter. First Manhattan CO. LLC. now owns 900 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 785 shares during the last quarter. Quarry LP bought a new stake in Flowserve during the 1st quarter worth about $38,000. Harbour Investments Inc. grew its holdings in Flowserve by 79.5% during the 4th quarter. Harbour Investments Inc. now owns 1,581 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 700 shares during the last quarter. Gyon Technologies Capital Management LP bought a new stake in Flowserve during the 4th quarter worth about $58,000. Finally, Captrust Financial Advisors boosted its stake in shares of Flowserve by 17.1% in the 2nd quarter. Captrust Financial Advisors now owns 2,073 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 303 shares during the last quarter. Institutional investors own 94.50% of the company’s stock.

    Wall Street Analyst Weigh In

    A number of research firms recently weighed in on FLS. StockNews.com raised shares of Flowserve from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 22nd. Royal Bank of Canada boosted their price target on shares of Flowserve from $43.00 to $46.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 22nd. Mizuho boosted their price target on shares of Flowserve from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Finally, Robert W. Baird boosted their price target on shares of Flowserve from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Flowserve presently has a consensus rating of “Moderate Buy” and an average target price of $46.57.

    View Our Latest Analysis on Flowserve

    Flowserve Price Performance

    Shares of NYSE:FLS opened at $42.28 on Wednesday. Flowserve Co. has a 52 week low of $29.99 and a 52 week high of $43.64. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.27 and a current ratio of 1.88. The company has a market capitalization of $5.55 billion, a PE ratio of 29.99, a PEG ratio of 1.21 and a beta of 1.45. The company has a 50 day moving average price of $41.17 and a two-hundred day moving average price of $39.51.

    Flowserve (NYSE:FLS – Get Free Report) last issued its earnings results on Wednesday, February 21st. The industrial products company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.61 by $0.07. Flowserve had a net margin of 4.32% and a return on equity of 14.44%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The business’s quarterly revenue was up 12.2% on a year-over-year basis. Analysts forecast that Flowserve Co. will post 2.55 earnings per share for the current year.

    Flowserve Increases Dividend

    The business also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Thursday, March 28th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Wednesday, March 27th. This is a boost from Flowserve’s previous quarterly dividend of $0.20. Flowserve’s dividend payout ratio is 56.74%.

    Flowserve Profile

    (Free Report)

    Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, the Middle East, Africa, Asia Pacific, and Europe. It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines.

    Featured Stories

    Institutional Ownership by Quarter for Flowserve (NYSE:FLS)

    Receive News & Ratings for Flowserve Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Flowserve and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

    Source link

  • Charles Schwab Investment Management Inc. Sells 13,704 Shares of MRC Global Inc. (NYSE:MRC)

    Charles Schwab Investment Management Inc. Sells 13,704 Shares of MRC Global Inc. (NYSE:MRC)

    Charles Schwab Investment Management Inc. cut its holdings in MRC Global Inc. (NYSE:MRC – Free Report) by 0.9% during the third quarter, Holdings Channel reports. The firm owned 1,441,162 shares of the oil and gas company’s stock after selling 13,704 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in MRC Global were worth $14,772,000 at the end of the most recent reporting period.

    A number of other large investors also recently added to or reduced their stakes in the business. Engineers Gate Manager LP increased its stake in MRC Global by 3.9% in the 3rd quarter. Engineers Gate Manager LP now owns 25,157 shares of the oil and gas company’s stock worth $181,000 after acquiring an additional 945 shares during the last quarter. Legal & General Group Plc increased its stake in MRC Global by 3.3% in the 4th quarter. Legal & General Group Plc now owns 38,723 shares of the oil and gas company’s stock worth $448,000 after buying an additional 1,234 shares during the period. Bank of New York Mellon Corp increased its position in MRC Global by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 337,546 shares of the oil and gas company’s stock valued at $4,020,000 after purchasing an additional 1,473 shares during the period. Swiss National Bank increased its position in MRC Global by 0.9% during the 3rd quarter. Swiss National Bank now owns 185,149 shares of the oil and gas company’s stock valued at $1,898,000 after purchasing an additional 1,700 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in MRC Global by 3.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,844 shares of the oil and gas company’s stock valued at $658,000 after purchasing an additional 1,807 shares during the period.

    MRC Global Trading Down 0.7 %

    MRC stock opened at $11.62 on Tuesday. The company’s 50-day simple moving average is $10.82 and its 200-day simple moving average is $10.36. The company has a quick ratio of 0.76, a current ratio of 1.48 and a debt-to-equity ratio of 0.02. MRC Global Inc. has a 52-week low of $8.15 and a 52-week high of $12.43. The firm has a market cap of $980.19 million, a P/E ratio of 11.17 and a beta of 1.99.

    MRC Global (NYSE:MRC – Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.12. MRC Global had a return on equity of 26.92% and a net margin of 3.34%. The company had revenue of $768.00 million for the quarter, compared to analysts’ expectations of $810.52 million. During the same period in the previous year, the firm posted $0.32 EPS. MRC Global’s revenue was down 11.6% compared to the same quarter last year. As a group, equities analysts forecast that MRC Global Inc. will post 1.19 EPS for the current fiscal year.

    Analysts Set New Price Targets

    MRC has been the topic of a number of analyst reports. StockNews.com raised shares of MRC Global from a “hold” rating to a “buy” rating in a research report on Saturday, November 11th. Susquehanna upped their target price on MRC Global from $12.00 to $13.00 and gave the company a “positive” rating in a research report on Thursday, November 9th. Finally, Stephens reaffirmed an “overweight” rating and set a $17.00 price target on shares of MRC Global in a research report on Wednesday, February 14th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $14.75.

    View Our Latest Stock Analysis on MRC

    MRC Global Profile

    (Free Report)

    MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the gas utility, energy, and industrial end-markets in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components, as well as valve modification services; and measurement, steam, and instrumentation products.

    See Also

    Want to see what other hedge funds are holding MRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MRC Global Inc. (NYSE:MRC – Free Report).

    Institutional Ownership by Quarter for MRC Global (NYSE:MRC)

    Receive News & Ratings for MRC Global Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MRC Global and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

    Source link

  • Raymond James & Associates Increases Stock Position in Standex International Co. (NYSE:SXI)

    Raymond James & Associates Increases Stock Position in Standex International Co. (NYSE:SXI)

    Raymond James & Associates grew its stake in Standex International Co. (NYSE:SXI – Free Report) by 4.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,360 shares of the industrial products company’s stock after purchasing an additional 478 shares during the quarter. Raymond James & Associates’ holdings in Standex International were worth $1,801,000 as of its most recent filing with the SEC.

    Several other institutional investors and hedge funds have also recently bought and sold shares of SXI. Norges Bank bought a new position in shares of Standex International in the 4th quarter worth $12,607,000. Handelsbanken Fonder AB increased its stake in Standex International by 4,444.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 122,700 shares of the industrial products company’s stock valued at $17,358,000 after buying an additional 120,000 shares during the last quarter. Invesco Ltd. raised its position in shares of Standex International by 187.9% during the 1st quarter. Invesco Ltd. now owns 112,634 shares of the industrial products company’s stock valued at $11,254,000 after buying an additional 73,508 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Standex International by 205.8% during the 1st quarter. Royce & Associates LP now owns 62,299 shares of the industrial products company’s stock valued at $7,628,000 after purchasing an additional 41,927 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Standex International by 371.2% in the second quarter. Renaissance Technologies LLC now owns 49,000 shares of the industrial products company’s stock worth $4,154,000 after buying an additional 38,600 shares in the last quarter. Institutional investors own 88.80% of the company’s stock.

    Wall Street Analysts Forecast Growth

    Several equities research analysts have recently commented on SXI shares. DA Davidson began coverage on shares of Standex International in a report on Wednesday, December 13th. They issued a “buy” rating and a $165.00 price target for the company. Benchmark lowered their price objective on shares of Standex International from $205.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, November 6th. Finally, StockNews.com upgraded Standex International from a “buy” rating to a “strong-buy” rating in a report on Monday, January 8th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $177.50.

    Check Out Our Latest Stock Analysis on Standex International

    Standex International Price Performance

    Standex International stock opened at $146.57 on Friday. The firm has a market cap of $1.74 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 2.22 and a beta of 1.02. Standex International Co. has a one year low of $106.97 and a one year high of $168.81. The stock’s fifty day moving average price is $145.53 and its two-hundred day moving average price is $146.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.19 and a quick ratio of 2.44.

    Standex International (NYSE:SXI – Get Free Report) last posted its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.04. The business had revenue of $184.77 million during the quarter, compared to analyst estimates of $184.58 million. Standex International had a net margin of 18.72% and a return on equity of 14.09%. As a group, research analysts expect that Standex International Co. will post 7.33 EPS for the current fiscal year.

    Insider Buying and Selling at Standex International

    In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $134.13, for a total transaction of $268,260.00. Following the sale, the chief financial officer now owns 14,499 shares of the company’s stock, valued at approximately $1,944,750.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.28% of the stock is owned by insiders.

    About Standex International

    (Free Report)

    Standex International Corporation, together with subsidiaries, manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.

    See Also

    Want to see what other hedge funds are holding SXI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Standex International Co. (NYSE:SXI – Free Report).

    Institutional Ownership by Quarter for Standex International (NYSE:SXI)

    Receive News & Ratings for Standex International Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Standex International and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

    Source link

  • Bank of New York Mellon Corp Has $16.11 Million Holdings in Plug Power Inc. (NASDAQ:PLUG)

    Bank of New York Mellon Corp Has $16.11 Million Holdings in Plug Power Inc. (NASDAQ:PLUG)

    Bank of New York Mellon Corp trimmed its stake in shares of Plug Power Inc. (NASDAQ:PLUG – Free Report) by 54.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,550,913 shares of the electronics maker’s stock after selling 1,868,217 shares during the period. Bank of New York Mellon Corp owned approximately 0.26% of Plug Power worth $16,114,000 at the end of the most recent reporting period.

    Several other hedge funds have also modified their holdings of the stock. Norges Bank bought a new position in Plug Power in the 4th quarter valued at $211,176,000. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Plug Power by 128,905.5% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 16,955,199 shares of the electronics maker’s stock valued at $176,165,000 after acquiring an additional 16,942,056 shares during the period. BlackRock Inc. boosted its stake in shares of Plug Power by 3.0% in the 1st quarter. BlackRock Inc. now owns 52,381,858 shares of the electronics maker’s stock valued at $613,915,000 after purchasing an additional 1,534,756 shares during the last quarter. Korea Investment CORP grew its holdings in Plug Power by 359.5% during the 1st quarter. Korea Investment CORP now owns 1,865,793 shares of the electronics maker’s stock worth $21,867,000 after acquiring an additional 1,459,751 shares during the period. Finally, UBS Group AG increased its holdings in Plug Power by 671.7% in the first quarter. UBS Group AG now owns 1,586,124 shares of the electronics maker’s stock valued at $18,589,000 after purchasing an additional 1,380,583 shares during the last quarter. 49.99% of the stock is owned by institutional investors.

    Insider Activity at Plug Power

    In other Plug Power news, insider Jose Luis Crespo sold 31,958 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $7.20, for a total value of $230,097.60. Following the transaction, the insider now owns 250,609 shares in the company, valued at $1,804,384.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

    Plug Power Stock Performance

    PLUG stock opened at $3.47 on Tuesday. Plug Power Inc. has a 1-year low of $3.22 and a 1-year high of $18.88. The company has a current ratio of 2.41, a quick ratio of 1.31 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average price of $6.97 and a 200-day moving average price of $8.77. The firm has a market cap of $2.09 billion, a PE ratio of -2.17 and a beta of 1.98.

    Plug Power (NASDAQ:PLUG – Get Free Report) last released its quarterly earnings data on Thursday, November 9th. The electronics maker reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.15). The company had revenue of $198.71 million during the quarter, compared to the consensus estimate of $219.57 million. Plug Power had a negative net margin of 106.74% and a negative return on equity of 24.18%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.30) EPS. As a group, equities research analysts expect that Plug Power Inc. will post -1.32 earnings per share for the current year.

    Analyst Upgrades and Downgrades

    Several analysts recently commented on the company. Royal Bank of Canada downgraded Plug Power from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $12.00 to $5.00 in a research note on Friday. HC Wainwright reduced their target price on Plug Power from $78.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, October 16th. BMO Capital Markets dropped their target price on Plug Power from $8.00 to $3.75 and set a “market perform” rating for the company in a report on Friday. Oppenheimer cut shares of Plug Power from an “outperform” rating to a “market perform” rating in a research report on Friday. Finally, Morgan Stanley lowered their price target on Plug Power from $9.00 to $3.50 and set an “equal weight” rating for the company in a report on Monday. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Plug Power has an average rating of “Hold” and an average price target of $12.70.

    Get Our Latest Stock Analysis on PLUG

    Plug Power Company Profile

    (Free Report)

    Plug Power Inc delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including liquid green hydrogen production, storage and handling, transportation, and dispensing infrastructure.

    Recommended Stories

    Want to see what other hedge funds are holding PLUG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Plug Power Inc. (NASDAQ:PLUG – Free Report).

    Institutional Ownership by Quarter for Plug Power (NASDAQ:PLUG)

    Receive News & Ratings for Plug Power Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Plug Power and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

    Source link

  • Toronto Dominion Bank Purchases 26,193 Shares of Deere & Company (NYSE:DE)

    Toronto Dominion Bank Purchases 26,193 Shares of Deere & Company (NYSE:DE)

    Toronto Dominion Bank raised its position in Deere & Company (NYSE:DE – Free Report) by 15.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 196,880 shares of the industrial products company’s stock after purchasing an additional 26,193 shares during the period. Toronto Dominion Bank owned 0.07% of Deere & Company worth $81,245,000 at the end of the most recent reporting period.

    Several other large investors have also recently bought and sold shares of the company. Worth Asset Management LLC purchased a new stake in shares of Deere & Company during the 1st quarter valued at $28,000. Lansing Street Advisors raised its position in shares of Deere & Company by 1,725.0% during the 1st quarter. Lansing Street Advisors now owns 73 shares of the industrial products company’s stock valued at $30,000 after buying an additional 69 shares in the last quarter. Barrett & Company Inc. purchased a new stake in shares of Deere & Company during the 1st quarter valued at $31,000. 25 LLC purchased a new stake in shares of Deere & Company during the 1st quarter valued at $34,000. Finally, Hollencrest Capital Management purchased a new stake in shares of Deere & Company during the 4th quarter valued at $38,000. 66.27% of the stock is owned by institutional investors.

    Deere & Company Trading Up 1.1 %

    Shares of DE traded up $4.25 during trading hours on Monday, reaching $394.46. 131,938 shares of the company traded hands, compared to its average volume of 1,610,037. The company’s fifty day moving average price is $417.38 and its two-hundred day moving average price is $400.03. The company has a market capitalization of $115.65 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 1.65. Deere & Company has a 12 month low of $328.62 and a 12 month high of $450.00.

    Deere & Company (NYSE:DE – Get Free Report) last announced its earnings results on Friday, August 18th. The industrial products company reported $10.20 earnings per share for the quarter, beating analysts’ consensus estimates of $8.22 by $1.98. The firm had revenue of $14.28 billion for the quarter, compared to analyst estimates of $14.14 billion. Deere & Company had a net margin of 16.36% and a return on equity of 46.15%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.16 EPS. Equities research analysts predict that Deere & Company will post 33.48 earnings per share for the current fiscal year.

    Deere & Company Dividend Announcement

    The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 8th. Investors of record on Friday, June 30th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.27%. The ex-dividend date was Thursday, June 29th. Deere & Company’s payout ratio is currently 14.78%.

    Analysts Set New Price Targets

    Several analysts have recently weighed in on DE shares. Wells Fargo & Company lowered their price objective on shares of Deere & Company from $510.00 to $490.00 in a research report on Monday, May 22nd. Credit Suisse Group decreased their target price on shares of Deere & Company from $560.00 to $551.00 and set an “outperform” rating on the stock in a research report on Monday, August 21st. Oppenheimer decreased their target price on shares of Deere & Company from $467.00 to $458.00 and set an “outperform” rating on the stock in a research report on Monday, August 21st. Morgan Stanley decreased their target price on shares of Deere & Company from $537.00 to $517.00 in a research report on Monday, May 22nd. Finally, DA Davidson lifted their target price on shares of Deere & Company from $492.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Deere & Company presently has an average rating of “Moderate Buy” and a consensus price target of $458.53.

    View Our Latest Analysis on DE

    Insider Buying and Selling

    In related news, CEO John C. May II sold 52,967 shares of the business’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $416.02, for a total transaction of $22,035,331.34. Following the sale, the chief executive officer now owns 109,126 shares of the company’s stock, valued at $45,398,598.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Deere & Company news, Director Tami A. Erwin acquired 675 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were acquired at an average price of $371.05 per share, with a total value of $250,458.75. Following the completion of the purchase, the director now directly owns 950 shares of the company’s stock, valued at approximately $352,497.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John C. May II sold 52,967 shares of Deere & Company stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $416.02, for a total transaction of $22,035,331.34. Following the completion of the transaction, the chief executive officer now directly owns 109,126 shares of the company’s stock, valued at $45,398,598.52. The disclosure for this sale can be found here. Insiders have sold 85,580 shares of company stock valued at $34,799,115 over the last quarter. Corporate insiders own 0.26% of the company’s stock.

    Deere & Company Profile

    (Free Report)

    Deere & Company manufactures and distributes various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.

    Recommended Stories

    Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DE – Free Report).

    Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

    Receive News & Ratings for Deere & Company Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Deere & Company and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

    Source link

  • Helios Technologies, Inc. (NASDAQ:HLIO) Director Philippe Lemaitre Sells 2,750 Shares

    Helios Technologies, Inc. (NASDAQ:HLIO) Director Philippe Lemaitre Sells 2,750 Shares

    Helios Technologies, Inc. (NASDAQ:HLIO – Free Report) Director Philippe Lemaitre sold 2,750 shares of Helios Technologies stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $65.52, for a total transaction of $180,180.00. Following the completion of the transaction, the director now owns 57,267 shares of the company’s stock, valued at $3,752,133.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

    Helios Technologies Stock Down 1.5 %

    HLIO opened at $65.03 on Wednesday. Helios Technologies, Inc. has a one year low of $48.27 and a one year high of $72.61. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.67 and a quick ratio of 1.35. The firm has a market capitalization of $2.12 billion, a P/E ratio of 25.91 and a beta of 1.21. The company has a fifty day moving average price of $58.72 and a 200-day moving average price of $61.51.

    Helios Technologies (NASDAQ:HLIO – Free Report) last posted its quarterly earnings data on Monday, May 8th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.04). Helios Technologies had a return on equity of 15.00% and a net margin of 9.53%. The company had revenue of $213.20 million for the quarter, compared to the consensus estimate of $206.20 million. During the same period in the prior year, the firm posted $1.18 earnings per share. The business’s revenue was down 11.4% on a year-over-year basis. Equities research analysts expect that Helios Technologies, Inc. will post 3.68 earnings per share for the current fiscal year.

    Helios Technologies Dividend Announcement

    The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 20th. Stockholders of record on Wednesday, July 5th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Monday, July 3rd. Helios Technologies’s dividend payout ratio is currently 14.34%.

    Analyst Upgrades and Downgrades

    A number of research analysts recently weighed in on the stock. CJS Securities assumed coverage on shares of Helios Technologies in a research note on Friday, March 31st. They issued an “outperform” rating and a $78.00 price objective for the company. Stifel Nicolaus reduced their price target on shares of Helios Technologies from $77.00 to $71.00 in a research report on Wednesday, May 10th. Finally, Robert W. Baird reduced their price target on shares of Helios Technologies from $82.00 to $73.00 in a research report on Tuesday, May 9th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $77.40.

    Institutional Trading of Helios Technologies

    A number of hedge funds have recently made changes to their positions in HLIO. Empower Advisory Group LLC bought a new stake in Helios Technologies in the first quarter worth $596,000. JPMorgan Chase & Co. lifted its stake in Helios Technologies by 18.2% in the first quarter. JPMorgan Chase & Co. now owns 52,310 shares of the company’s stock worth $3,421,000 after purchasing an additional 8,056 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Helios Technologies by 11.2% in the first quarter. Thrivent Financial for Lutherans now owns 1,105,289 shares of the company’s stock worth $72,286,000 after purchasing an additional 111,584 shares during the last quarter. Jane Street Group LLC bought a new stake in Helios Technologies in the first quarter worth $795,000. Finally, Silvercrest Asset Management Group LLC lifted its stake in Helios Technologies by 29.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 126,687 shares of the company’s stock worth $8,285,000 after purchasing an additional 28,917 shares during the last quarter. 91.62% of the stock is owned by institutional investors.

    Helios Technologies Company Profile

    (Free Report)

    Helios Technologies, Inc, together with its subsidiaries, provides engineered motion control and electronic control technology solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Hydraulics and Electronics. The Hydraulics segment offers cartridge valve technology products to control rates and direction of fluid flow, and to regulate and control pressures for industrial and mobile applications; hydraulic quick release coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic system design that provides engineered solutions for machine users, manufacturers, or designers.

    Featured Articles

    Receive News & Ratings for Helios Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Helios Technologies and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

    Source link

  • Oversea Chinese Banking CORP Ltd Acquires New Holdings in Desktop Metal, Inc. (NYSE:DM)

    Oversea Chinese Banking CORP Ltd Acquires New Holdings in Desktop Metal, Inc. (NYSE:DM)

    Oversea Chinese Banking CORP Ltd acquired a new stake in shares of Desktop Metal, Inc. (NYSE:DM – Get Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 58,235 shares of the pipeline company’s stock, valued at approximately $79,000.

    A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Desktop Metal by 3.2% during the third quarter. Vanguard Group Inc. now owns 21,673,313 shares of the pipeline company’s stock valued at $56,134,000 after purchasing an additional 675,320 shares in the last quarter. Alphabet Inc. bought a new stake in Desktop Metal during the third quarter valued at about $28,616,000. State Street Corp boosted its position in Desktop Metal by 7.3% during the third quarter. State Street Corp now owns 7,237,521 shares of the pipeline company’s stock valued at $18,745,000 after purchasing an additional 494,746 shares in the last quarter. Geode Capital Management LLC boosted its position in Desktop Metal by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 4,563,786 shares of the pipeline company’s stock valued at $6,206,000 after purchasing an additional 166,846 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Desktop Metal by 26.2% in the second quarter. Northern Trust Corp now owns 2,176,716 shares of the pipeline company’s stock worth $4,789,000 after acquiring an additional 451,540 shares in the last quarter. Institutional investors own 42.58% of the company’s stock.

    Desktop Metal Trading Up 1.4 %

    Shares of Desktop Metal stock opened at $2.21 on Friday. The stock has a market cap of $710.43 million, a PE ratio of -0.97 and a beta of 0.64. The firm has a fifty day moving average price of $2.00 and a 200 day moving average price of $1.87. Desktop Metal, Inc. has a 1 year low of $1.13 and a 1 year high of $3.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.79 and a quick ratio of 2.61.

    Wall Street Analyst Weigh In

    Several equities research analysts have weighed in on the company. Credit Suisse Group reissued a “neutral” rating and issued a $2.20 price target on shares of Desktop Metal in a report on Monday, March 6th. StockNews.com assumed coverage on Desktop Metal in a report on Tuesday, June 6th. They issued a “sell” rating for the company. Finally, Morgan Stanley raised their price target on Desktop Metal from $1.75 to $1.90 and gave the stock an “overweight” rating in a report on Friday, March 3rd.

    About Desktop Metal

    (Get Rating)

    Desktop Metal, Inc engages in manufacture and sale of additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Production System, an industrial manufacturing solution; Shop System, a mid-volume binder jetting platform; X-series platform for serial production binder jet 3D printed metal, ceramic, or composite parts, balancing speed, and quality; and Studio System, an office metal 3D printing system; and Fiber platform that offers a desktop 3D printer.

    Read More

    Want to see what other hedge funds are holding DM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Desktop Metal, Inc. (NYSE:DM – Get Rating).

    Institutional Ownership by Quarter for Desktop Metal (NYSE:DM)

    Receive News & Ratings for Desktop Metal Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Desktop Metal and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

    Source link

  • Thrivent Financial for Lutherans Cuts Stock Position in IDEX Co. (NYSE:IEX)

    Thrivent Financial for Lutherans Cuts Stock Position in IDEX Co. (NYSE:IEX)

    Thrivent Financial for Lutherans lessened its holdings in shares of IDEX Co. (NYSE:IEX – Get Rating) by 15.7% during the 4th quarter, HoldingsChannel reports. The firm owned 156,731 shares of the industrial products company’s stock after selling 29,105 shares during the period. Thrivent Financial for Lutherans’ holdings in IDEX were worth $35,786,000 at the end of the most recent reporting period.

    Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust boosted its position in shares of IDEX by 120.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 141 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 77 shares during the last quarter. General Partner Inc. acquired a new position in shares of IDEX during the 4th quarter valued at about $46,000. Harvest Fund Management Co. Ltd acquired a new position in shares of IDEX during the 4th quarter valued at about $66,000. Covington Capital Management lifted its position in IDEX by 120.7% in the third quarter. Covington Capital Management now owns 331 shares of the industrial products company’s stock valued at $66,000 after buying an additional 181 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in IDEX by 1,277.1% in the third quarter. IFP Advisors Inc now owns 482 shares of the industrial products company’s stock valued at $70,000 after buying an additional 447 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

    Analysts Set New Price Targets

    A number of brokerages have issued reports on IEX. Mizuho cut their price target on shares of IDEX from $227.00 to $200.00 in a research note on Friday, April 28th. Robert W. Baird cut their target price on shares of IDEX from $255.00 to $230.00 in a research note on Friday, April 28th. Stifel Nicolaus upped their target price on shares of IDEX from $242.00 to $246.00 and gave the stock a “hold” rating in a research note on Monday, April 17th. StockNews.com upgraded shares of IDEX from a “hold” rating to a “buy” rating in a research note on Tuesday, April 25th. Finally, Citigroup lowered their price target on IDEX from $273.00 to $268.00 and set a “buy” rating for the company in a report on Thursday, February 2nd. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, IDEX has a consensus rating of “Moderate Buy” and an average target price of $236.17.

    Insiders Place Their Bets

    In other IDEX news, CFO William K. Grogan sold 3,181 shares of the stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $226.36, for a total value of $720,051.16. Following the completion of the transaction, the chief financial officer now owns 13,864 shares in the company, valued at $3,138,255.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is currently owned by company insiders.

    IDEX Price Performance

    Shares of NYSE IEX opened at $210.64 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.10 and a quick ratio of 2.09. The stock has a fifty day moving average price of $219.00 and a 200 day moving average price of $225.84. IDEX Co. has a 1-year low of $172.18 and a 1-year high of $246.23. The company has a market cap of $15.92 billion, a PE ratio of 27.29, a P/E/G ratio of 2.07 and a beta of 1.00.

    IDEX (NYSE:IEX – Get Rating) last released its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.07. The firm had revenue of $845.40 million during the quarter, compared to analysts’ expectations of $818.87 million. IDEX had a return on equity of 21.14% and a net margin of 17.91%. IDEX’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.96 earnings per share. Sell-side analysts forecast that IDEX Co. will post 8.5 EPS for the current year.

    About IDEX

    (Get Rating)

    IDEX Corp. engages in the provision of engineering solutions. It operates through the following segments: Fluid and Metering Technologies, Health and Science Technologies, and Fire and Safety or Diversified Products. The Fluid and Metering Technologies segment is involved in the design, production, and distribution of displacement pumps, valves, flow meters, injectors, and fluid-handling pump modules and systems.

    Featured Stories

    Want to see what other hedge funds are holding IEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IDEX Co. (NYSE:IEX – Get Rating).

    Institutional Ownership by Quarter for IDEX (NYSE:IEX)

    Receive News & Ratings for IDEX Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for IDEX and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

    Source link

  • Benjamin F. Edwards & Company Inc. Increases Position in Eaton Co. plc (NYSE:ETN)

    Benjamin F. Edwards & Company Inc. Increases Position in Eaton Co. plc (NYSE:ETN)

    Benjamin F. Edwards & Company Inc. boosted its stake in Eaton Co. plc (NYSE:ETN – Get Rating) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,771 shares of the industrial products company’s stock after acquiring an additional 157 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Eaton were worth $1,220,000 as of its most recent SEC filing.

    Other hedge funds also recently added to or reduced their stakes in the company. Horan Securities Inc. raised its stake in shares of Eaton by 228.6% during the fourth quarter. Horan Securities Inc. now owns 161 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 112 shares during the last quarter. Hollencrest Capital Management acquired a new position in Eaton in the 4th quarter valued at $28,000. RFP Financial Group LLC purchased a new position in Eaton during the 4th quarter worth $30,000. WFA of San Diego LLC purchased a new stake in shares of Eaton in the fourth quarter valued at about $31,000. Finally, Capital Directions Investment Advisors LLC acquired a new position in shares of Eaton during the fourth quarter worth about $31,000. 80.19% of the stock is owned by institutional investors and hedge funds.

    Wall Street Analysts Forecast Growth

    Several research firms have issued reports on ETN. Mizuho boosted their target price on Eaton from $168.00 to $180.00 in a research report on Wednesday. UBS Group raised their target price on Eaton from $173.00 to $197.00 in a report on Tuesday, March 14th. Bank of America boosted their target price on shares of Eaton from $180.00 to $200.00 in a research report on Wednesday, March 8th. Morgan Stanley increased their price target on shares of Eaton from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Eaton from $188.00 to $189.00 and gave the stock a “buy” rating in a research report on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $174.17.

    Eaton Trading Down 0.5 %

    Eaton stock opened at $172.38 on Thursday. The stock has a 50-day moving average price of $166.87 and a 200 day moving average price of $162.04. The company has a current ratio of 1.38, a quick ratio of 0.84 and a debt-to-equity ratio of 0.49. The stock has a market cap of $68.70 billion, a PE ratio of 28.03, a P/E/G ratio of 1.85 and a beta of 1.12. Eaton Co. plc has a 52 week low of $122.50 and a 52 week high of $178.75.

    Eaton (NYSE:ETN – Get Rating) last issued its quarterly earnings results on Tuesday, May 2nd. The industrial products company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.10. The company had revenue of $5.50 billion during the quarter, compared to the consensus estimate of $5.23 billion. Eaton had a return on equity of 18.31% and a net margin of 11.86%. Eaton’s revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.62 EPS. Equities research analysts predict that Eaton Co. plc will post 8.25 earnings per share for the current fiscal year.

    Eaton Announces Dividend

    The business also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Monday, May 8th will be issued a $0.86 dividend. The ex-dividend date of this dividend is Friday, May 5th. This represents a $3.44 dividend on an annualized basis and a yield of 2.00%. Eaton’s payout ratio is 55.93%.

    Insider Buying and Selling

    In related news, insider Joao V. Faria sold 2,000 shares of the stock in a transaction on Friday, February 10th. The stock was sold at an average price of $169.00, for a total value of $338,000.00. Following the transaction, the insider now directly owns 67,166 shares of the company’s stock, valued at approximately $11,351,054. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Joao V. Faria sold 2,000 shares of the firm’s stock in a transaction on Friday, February 10th. The shares were sold at an average price of $169.00, for a total value of $338,000.00. Following the transaction, the insider now owns 67,166 shares of the company’s stock, valued at approximately $11,351,054. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joao V. Faria sold 2,326 shares of the company’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $171.23, for a total transaction of $398,280.98. Following the sale, the insider now directly owns 77,626 shares of the company’s stock, valued at $13,291,899.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,377 shares of company stock valued at $5,864,193. Insiders own 0.53% of the company’s stock.

    Eaton Company Profile

    (Get Rating)

    Eaton Corp. Plc is a power management company, which provides energy-efficient solutions for electrical, hydraulic, and mechanical power. It operates through the following segments: Electrical Americas and Electrical Global, Aerospace, Vehicle, and eMobility. The Electrical Americas and Electrical Global segments engage in sales contracts for electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality, wiring devices, circuit protection, utility power distribution, power reliability equipment, and service.

    Further Reading

    Want to see what other hedge funds are holding ETN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eaton Co. plc (NYSE:ETN – Get Rating).

    Institutional Ownership by Quarter for Eaton (NYSE:ETN)

    Receive News & Ratings for Eaton Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Eaton and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

    Source link

  • Hsbc Holdings PLC Has $10.16 Million Position in Nordson Co. (NASDAQ:NDSN)

    Hsbc Holdings PLC Has $10.16 Million Position in Nordson Co. (NASDAQ:NDSN)

    Hsbc Holdings PLC cut its stake in shares of Nordson Co. (NASDAQ:NDSN – Get Rating) by 12.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,451 shares of the industrial products company’s stock after selling 6,729 shares during the quarter. Hsbc Holdings PLC owned approximately 0.08% of Nordson worth $10,162,000 as of its most recent SEC filing.

    Several other hedge funds and other institutional investors have also recently bought and sold shares of NDSN. Pictet Asset Management SA increased its position in Nordson by 3.3% in the 3rd quarter. Pictet Asset Management SA now owns 25,989 shares of the industrial products company’s stock valued at $5,517,000 after buying an additional 834 shares in the last quarter. Brown Advisory Inc. lifted its stake in Nordson by 7.5% in the third quarter. Brown Advisory Inc. now owns 3,800 shares of the industrial products company’s stock valued at $807,000 after purchasing an additional 265 shares during the last quarter. Intech Investment Management LLC raised its holdings in Nordson by 1,164.2% during the 3rd quarter. Intech Investment Management LLC now owns 94,319 shares of the industrial products company’s stock valued at $20,021,000 after acquiring an additional 86,858 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Nordson by 10.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 24,016 shares of the industrial products company’s stock valued at $5,098,000 after acquiring an additional 2,229 shares during the period. Finally, Condor Capital Management increased its holdings in shares of Nordson by 1.5% in the third quarter. Condor Capital Management now owns 7,662 shares of the industrial products company’s stock worth $1,626,000 after purchasing an additional 111 shares during the period. 70.40% of the stock is owned by institutional investors and hedge funds.

    Analyst Ratings Changes

    Several research firms have recently weighed in on NDSN. Robert W. Baird decreased their price target on shares of Nordson from $259.00 to $241.00 and set an “outperform” rating on the stock in a report on Wednesday. StockNews.com upgraded shares of Nordson from a “hold” rating to a “buy” rating in a report on Friday, February 10th. Finally, DA Davidson lowered their price objective on shares of Nordson to $265.00 in a report on Thursday, October 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Nordson currently has an average rating of “Moderate Buy” and a consensus price target of $255.20.

    Insider Buying and Selling

    In related news, EVP Shelly Peet sold 1,611 shares of the business’s stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $238.00, for a total transaction of $383,418.00. Following the completion of the transaction, the executive vice president now owns 25,061 shares in the company, valued at approximately $5,964,518. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Joseph P. Kelley sold 2,100 shares of the stock in a transaction on Monday, February 6th. The shares were sold at an average price of $246.43, for a total value of $517,503.00. Following the sale, the chief financial officer now owns 9,091 shares in the company, valued at $2,240,295.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Shelly Peet sold 1,611 shares of the stock in a transaction on Monday, January 9th. The stock was sold at an average price of $238.00, for a total transaction of $383,418.00. Following the completion of the sale, the executive vice president now owns 25,061 shares in the company, valued at approximately $5,964,518. The disclosure for this sale can be found here. Insiders sold a total of 10,403 shares of company stock worth $2,515,941 in the last 90 days. 0.70% of the stock is owned by corporate insiders.

    Nordson Stock Performance

    Shares of NASDAQ NDSN opened at $221.04 on Thursday. The firm’s fifty day moving average is $239.01 and its two-hundred day moving average is $231.71. Nordson Co. has a 52-week low of $194.89 and a 52-week high of $251.26. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.43. The company has a market cap of $12.64 billion, a P/E ratio of 25.76, a P/E/G ratio of 1.74 and a beta of 0.91.

    Nordson (NASDAQ:NDSN – Get Rating) last released its quarterly earnings data on Tuesday, February 21st. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.03). Nordson had a net margin of 19.18% and a return on equity of 23.67%. The company had revenue of $610.48 million during the quarter, compared to analysts’ expectations of $625.87 million. During the same period last year, the firm earned $2.07 earnings per share. As a group, analysts anticipate that Nordson Co. will post 9.35 EPS for the current fiscal year.

    Nordson Announces Dividend

    The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 7th. Investors of record on Tuesday, February 21st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, February 17th. This represents a $2.60 annualized dividend and a dividend yield of 1.18%. Nordson’s dividend payout ratio (DPR) is presently 30.30%.

    Nordson Profile

    (Get Rating)

    Nordson Corp. engages in the engineering, manufacture and market of products and systems used for adhesives, coatings, sealants, biomaterials and other materials. It operates through the following segments: Industrial Precision Solutions and Advanced Technology Solution. The Industrial Precision Solutions segment enhances the technology synergies between adhesive dispensing systems and industrial coating systems to deliver proprietary dispensing and processing technology to diverse end markets.

    Read More

    Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

    Receive News & Ratings for Nordson Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Nordson and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

    Source link

  • Strategic Wealth Advisors Group LLC Sells 156 Shares of Caterpillar Inc. (NYSE:CAT)

    Strategic Wealth Advisors Group LLC Sells 156 Shares of Caterpillar Inc. (NYSE:CAT)

    Strategic Wealth Advisors Group LLC reduced its position in shares of Caterpillar Inc. (NYSE:CAT – Get Rating) by 0.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,111 shares of the industrial products company’s stock after selling 156 shares during the quarter. Strategic Wealth Advisors Group LLC’s holdings in Caterpillar were worth $3,628,000 as of its most recent filing with the Securities and Exchange Commission.

    Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CAT. Ontario Teachers Pension Plan Board bought a new stake in Caterpillar during the 1st quarter worth about $433,134,000. Barclays PLC raised its holdings in Caterpillar by 168.0% during the 3rd quarter. Barclays PLC now owns 977,373 shares of the industrial products company’s stock worth $160,368,000 after purchasing an additional 612,692 shares during the last quarter. Amundi raised its holdings in Caterpillar by 15.6% during the 2nd quarter. Amundi now owns 3,130,082 shares of the industrial products company’s stock worth $531,926,000 after purchasing an additional 422,355 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Caterpillar by 152.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 91,690 shares of the industrial products company’s stock worth $15,044,000 after purchasing an additional 265,691 shares during the last quarter. Finally, Bridgewater Associates LP bought a new stake in Caterpillar during the 1st quarter worth about $39,035,000. 68.02% of the stock is owned by institutional investors.

    Insider Buying and Selling at Caterpillar

    In related news, General Counsel Suzette M. Long sold 8,000 shares of Caterpillar stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $251.04, for a total value of $2,008,320.00. Following the completion of the transaction, the general counsel now owns 8,776 shares in the company, valued at $2,203,127.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Daniel M. Dickinson sold 6,070 shares of Caterpillar stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $251.22, for a total value of $1,524,905.40. Following the completion of the transaction, the director now owns 5,038 shares in the company, valued at $1,265,646.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Suzette M. Long sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $251.04, for a total value of $2,008,320.00. Following the transaction, the general counsel now owns 8,776 shares of the company’s stock, valued at approximately $2,203,127.04. The disclosure for this sale can be found here. Insiders have sold a total of 90,984 shares of company stock valued at $22,519,893 over the last ninety days. 0.27% of the stock is currently owned by company insiders.

    Wall Street Analysts Forecast Growth

    Several equities analysts have recently issued reports on the company. UBS Group lowered Caterpillar from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $225.00 to $230.00 in a research report on Monday, October 31st. BMO Capital Markets boosted their price objective on Caterpillar from $210.00 to $230.00 in a research report on Tuesday, February 7th. Citigroup boosted their price objective on Caterpillar to $250.00 in a research report on Wednesday, December 14th. Cowen boosted their price objective on Caterpillar from $240.00 to $264.00 and gave the company an “outperform” rating in a research report on Friday, December 9th. Finally, Robert W. Baird boosted their price objective on Caterpillar from $224.00 to $242.00 in a research report on Thursday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

    Caterpillar Price Performance

    CAT opened at $247.67 on Monday. The stock has a market capitalization of $128.89 billion, a P/E ratio of 19.58, a PEG ratio of 1.33 and a beta of 1.11. Caterpillar Inc. has a 12-month low of $160.60 and a 12-month high of $266.04. The stock has a 50-day moving average price of $244.64 and a 200-day moving average price of $214.09. The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.62.

    Caterpillar (NYSE:CAT – Get Rating) last announced its earnings results on Tuesday, January 31st. The industrial products company reported $3.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.95 by ($0.09). Caterpillar had a return on equity of 45.61% and a net margin of 11.28%. The firm had revenue of $16.60 billion during the quarter, compared to the consensus estimate of $15.84 billion. During the same period in the prior year, the company posted $2.69 EPS. The firm’s revenue was up 20.3% on a year-over-year basis. Equities analysts predict that Caterpillar Inc. will post 15.56 earnings per share for the current fiscal year.

    Caterpillar Announces Dividend

    The business also recently announced a quarterly dividend, which will be paid on Friday, February 17th. Investors of record on Friday, January 20th will be issued a $1.20 dividend. The ex-dividend date is Thursday, January 19th. This represents a $4.80 dividend on an annualized basis and a yield of 1.94%. Caterpillar’s dividend payout ratio is currently 37.94%.

    About Caterpillar

    (Get Rating)

    Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

    See Also

    Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Get Rating).

    Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

    Receive News & Ratings for Caterpillar Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Caterpillar and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

    Source link

  • RBC Bearings Incorporated (NYSE:RBC) Given Consensus Recommendation of “Hold” by Brokerages

    RBC Bearings Incorporated (NYSE:RBC) Given Consensus Recommendation of “Hold” by Brokerages

    RBC Bearings Incorporated (NYSE:RBC – Get Rating) has been assigned an average rating of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $245.00.

    A number of brokerages recently weighed in on RBC. Alembic Global Advisors lowered shares of RBC Bearings from an “overweight” rating to a “neutral” rating and set a $217.00 target price for the company. in a research note on Tuesday, December 20th. Morgan Stanley reduced their target price on shares of RBC Bearings from $293.00 to $283.00 and set an “overweight” rating for the company in a research note on Monday, December 12th. Truist Financial upped their target price on shares of RBC Bearings from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 11th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $220.00 target price (down from $269.00) on shares of RBC Bearings in a research note on Tuesday, January 10th. Finally, Royal Bank of Canada lowered shares of RBC Bearings from an “overweight” rating to a “neutral” rating in a research note on Tuesday, December 20th.

    RBC Bearings Price Performance

    Shares of RBC stock opened at $232.00 on Friday. RBC Bearings has a 12-month low of $152.90 and a 12-month high of $264.94. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 74.36, a price-to-earnings-growth ratio of 6.01 and a beta of 1.42. The company has a quick ratio of 1.16, a current ratio of 2.98 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average of $223.44 and a 200-day moving average of $232.27.

    RBC Bearings (NYSE:RBC – Get Rating) last announced its quarterly earnings results on Thursday, November 10th. The industrial products company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.18. RBC Bearings had a net margin of 7.98% and a return on equity of 7.48%. The company had revenue of $369.17 million during the quarter, compared to analyst estimates of $361.32 million. On average, equities research analysts forecast that RBC Bearings will post 6.82 earnings per share for the current year.

    Insider Transactions at RBC Bearings

    In other news, CEO Michael J. Hartnett sold 1,500 shares of the stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $241.67, for a total transaction of $362,505.00. Following the completion of the transaction, the chief executive officer now directly owns 275,339 shares in the company, valued at approximately $66,541,176.13. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.71% of the company’s stock.

    Institutional Investors Weigh In On RBC Bearings

    A number of institutional investors and hedge funds have recently modified their holdings of RBC. American Century Companies Inc. raised its holdings in shares of RBC Bearings by 16.1% in the 1st quarter. American Century Companies Inc. now owns 2,786 shares of the industrial products company’s stock valued at $540,000 after purchasing an additional 387 shares during the period. HighTower Advisors LLC raised its holdings in shares of RBC Bearings by 6.8% in the 1st quarter. HighTower Advisors LLC now owns 7,920 shares of the industrial products company’s stock valued at $1,545,000 after purchasing an additional 501 shares during the period. Private Advisor Group LLC raised its holdings in shares of RBC Bearings by 12.8% in the 1st quarter. Private Advisor Group LLC now owns 3,303 shares of the industrial products company’s stock valued at $641,000 after purchasing an additional 375 shares during the period. MetLife Investment Management LLC raised its holdings in RBC Bearings by 53.4% in the 1st quarter. MetLife Investment Management LLC now owns 14,826 shares of the industrial products company’s stock valued at $2,874,000 after acquiring an additional 5,159 shares during the period. Finally, BlackRock Inc. raised its holdings in RBC Bearings by 1.6% in the 1st quarter. BlackRock Inc. now owns 2,145,334 shares of the industrial products company’s stock valued at $415,937,000 after acquiring an additional 33,956 shares during the period.

    About RBC Bearings

    (Get Rating)

    RBC Bearings, Inc engages in the design, manufacture, and marketing of engineered precision bearings and products. It operates through the Aerospace and Defense, and Industrial segments. The Aerospace and Defense segment represents the end markets for the company’s highly engineered bearings and precision components used in commercial aerospace, defense aerospace, and sea and ground defense applications.

    Recommended Stories

    Analyst Recommendations for RBC Bearings (NYSE:RBC)

    Receive News & Ratings for RBC Bearings Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for RBC Bearings and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

    Source link