6,705 Shares in Terex Corporation (NYSE:TEX) Acquired by Ballentine Partners LLC

Ballentine Partners LLC purchased a new position in shares of Terex Corporation (NYSE:TEX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,705 shares of the industrial products company's stock, valued at approximately $253,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TEX. Jones Financial Companies Lllp bought a new position in shares of Terex during the 4th quarter worth $31,000. Proficio Capital Partners LLC purchased a new stake in shares of Terex during the 4th quarter worth $1,424,000. Raymond James Financial Inc. purchased a new stake in shares of Terex during the 4th quarter worth $2,291,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Terex by 21.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,779 shares of the industrial products company's stock worth $868,000 after purchasing an additional 3,379 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new stake in shares of Terex during the 4th quarter worth $288,000. Institutional investors own 92.88% of the company's stock.

Insider Buying and Selling at Terex

In other news, insider Joshua Gross sold 5,389 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $40.75, for a total value of $219,601.75. Following the transaction, the insider directly owned 38,755 shares of the company's stock, valued at approximately $1,579,266.25. This represents a 12.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded Terex from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Morgan Stanley decreased their price objective on Terex from $43.00 to $30.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Evercore ISI upped their price objective on Terex from $59.00 to $62.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Truist Financial upped their price objective on Terex from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Finally, Baird R W upgraded Terex from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $51.44.

Terex Stock Up 1.8%

Terex stock traded up $0.90 during midday trading on Thursday, reaching $50.58. The company's stock had a trading volume of 840,421 shares, compared to its average volume of 916,620. The stock's 50-day simple moving average is $47.10 and its 200-day simple moving average is $43.36. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.11 and a quick ratio of 1.07. Terex Corporation has a 52-week low of $31.53 and a 52-week high of $68.08. The stock has a market capitalization of $3.35 billion, a P/E ratio of 13.78, a PEG ratio of 5.17 and a beta of 1.58.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The industrial products company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.26. The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.26 billion. Terex had a return on equity of 18.79% and a net margin of 4.89%. The firm's revenue was down 4.9% compared to the same quarter last year. During the same period last year, the business posted $1.60 earnings per share. On average, sell-side analysts expect that Terex Corporation will post 4.83 EPS for the current year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Friday, June 6th. Terex's dividend payout ratio is presently 18.53%.

Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.