International Business Machines Corporation $IBM is Van Strum & Towne Inc.'s 8th Largest Position

Key Points

• Van Strum & Towne Inc. reduced its stake in International Business Machines Corporation (IBM) by 3.3%, holding 31,235 shares, making it the 8th largest position in their portfolio.
• IBM reported a quarterly EPS of $2.80, exceeding analysts' expectations, with revenue of $16.98 billion, a year-over-year increase of 7.7%.
• The company recently announced a quarterly dividend of $1.68 per share, resulting in an annualized yield of 2.4%, despite a payout ratio of 109.09%.

Van Strum & Towne Inc. cut its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 3.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,235 shares of the technology company's stock after selling 1,062 shares during the period. International Business Machines accounts for approximately 2.9% of Van Strum & Towne Inc.'s portfolio, making the stock its 8th largest position. Van Strum & Towne Inc.'s holdings in International Business Machines were worth $9,207,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of International Business Machines by 1.4% during the first quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock valued at $23,159,637,000 after purchasing an additional 1,298,515 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of International Business Machines by 6.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,636,725 shares of the technology company's stock valued at $2,147,608,000 after purchasing an additional 524,633 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of International Business Machines by 1.0% during the first quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company's stock valued at $1,371,812,000 after purchasing an additional 52,317 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of International Business Machines by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock valued at $1,282,550,000 after purchasing an additional 889,008 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of International Business Machines by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 5,108,455 shares of the technology company's stock valued at $1,270,022,000 after purchasing an additional 24,790 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of NYSE IBM opened at $278.09 on Friday. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $301.04. The firm has a market cap of $258.45 billion, a P/E ratio of 45.14, a PEG ratio of 4.44 and a beta of 0.73. The company has a 50 day moving average of $258.19 and a 200 day moving average of $260.60. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter in the previous year, the firm posted $2.43 EPS. The firm's revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's payout ratio is 109.09%.

Analysts Set New Price Targets

Several research firms have recently issued reports on IBM. Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. UBS Group lifted their target price on shares of International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a report on Thursday, July 24th. Wedbush boosted their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. Weiss Ratings restated a "hold (c+)" rating on shares of International Business Machines in a report on Wednesday. Finally, Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, International Business Machines currently has an average rating of "Hold" and an average price target of $284.62.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.

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