Donaldson Capital Management LLC Takes Position in Kimberly-Clark Co. (NYSE:KMB)

Donaldson Capital Management LLC bought a new stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,494 shares of the company's stock, valued at approximately $355,000.

Other hedge funds have also bought and sold shares of the company. Marshall Investment Management LLC purchased a new stake in Kimberly-Clark in the 4th quarter worth $25,000. Minot DeBlois Advisors LLC bought a new position in shares of Kimberly-Clark during the 4th quarter valued at approximately $29,000. Golden State Wealth Management LLC purchased a new position in shares of Kimberly-Clark in the fourth quarter valued at $32,000. Strategic Financial Concepts LLC purchased a new stake in Kimberly-Clark during the fourth quarter valued at $33,000. Finally, Roxbury Financial LLC purchased a new position in shares of Kimberly-Clark in the 4th quarter worth $33,000. Institutional investors own 76.29% of the company's stock.

Insiders Place Their Bets

In related news, insider Katy Chen sold 1,794 shares of Kimberly-Clark stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $130.74, for a total value of $234,547.56. Following the sale, the insider now directly owns 3,098 shares in the company, valued at approximately $405,032.52. The trade was a 36.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Royal Bank of Canada decreased their price objective on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen downgraded shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Piper Sandler reduced their target price on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Evercore ISI decreased their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Finally, Barclays lowered their price objective on shares of Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark currently has an average rating of "Hold" and a consensus target price of $145.08.

Kimberly-Clark Stock Down 2.2%

NYSE KMB traded down $2.92 during trading on Friday, hitting $130.97. The company's stock had a trading volume of 924,259 shares, compared to its average volume of 2,175,102. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The company has a market cap of $43.46 billion, a PE ratio of 17.37, a P/E/G ratio of 4.46 and a beta of 0.38. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The business's 50 day simple moving average is $136.75 and its 200-day simple moving average is $135.33.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the business posted $2.01 EPS. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be paid a $1.26 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.85%. Kimberly-Clark's payout ratio is 68.66%.

Kimberly-Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.