Dudley & Shanley Inc. Has $35.37 Million Stock Position in Aon plc (NYSE:AON)

Dudley & Shanley Inc. decreased its position in Aon plc (NYSE:AON - Free Report) by 5.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 88,637 shares of the financial services provider's stock after selling 5,190 shares during the period. AON comprises approximately 5.6% of Dudley & Shanley Inc.'s portfolio, making the stock its 2nd biggest holding. Dudley & Shanley Inc.'s holdings in AON were worth $35,374,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of AON by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider's stock worth $7,010,714,000 after acquiring an additional 88,361 shares during the last quarter. Geode Capital Management LLC raised its stake in AON by 14.5% in the 4th quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider's stock valued at $1,773,165,000 after purchasing an additional 627,742 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in AON by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider's stock valued at $921,182,000 after purchasing an additional 343,592 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of AON by 2.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,329,221 shares of the financial services provider's stock valued at $824,498,000 after buying an additional 64,720 shares during the period. Finally, Northern Trust Corp raised its holdings in AON by 9.3% in the 4th quarter. Northern Trust Corp now owns 2,158,943 shares of the financial services provider's stock valued at $775,406,000 after acquiring an additional 183,442 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AON shares. JPMorgan Chase & Co. increased their target price on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Jefferies Financial Group raised their target price on shares of AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods cut their price target on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $384.00 to $378.00 in a research note on Monday, April 28th. Finally, Redburn Atlantic raised AON to a "hold" rating in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $397.27.

AON Stock Performance

Shares of NYSE AON traded down $2.19 during trading on Thursday, reaching $370.43. The stock had a trading volume of 505,650 shares, compared to its average volume of 1,191,235. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. Aon plc has a one year low of $282.98 and a one year high of $412.97. The firm's 50 day moving average price is $365.38 and its two-hundred day moving average price is $374.07. The stock has a market cap of $79.99 billion, a PE ratio of 29.26, a P/E/G ratio of 2.12 and a beta of 0.89.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing the consensus estimate of $6.04 by ($0.37). The firm had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. The company's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.66 earnings per share. On average, research analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.80%. This is a positive change from AON's previous quarterly dividend of $0.68. The ex-dividend date was Thursday, May 1st. AON's dividend payout ratio (DPR) is 25.38%.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.