Johnson Investment Counsel Inc. Boosts Stock Holdings in International Business Machines Corporation $IBM

Key Points

• Johnson Investment Counsel Inc. increased its shares in International Business Machines Corporation (IBM) by 5.5%, owning 42,094 shares worth approximately $12.4 million after acquiring an additional 2,189 shares in the second quarter.
• IBM reported a quarterly earnings per share of $2.80, exceeding analysts' consensus estimate of $2.65, with year-over-year revenue growth of 7.7%.
• The company recently announced a quarterly dividend of $1.68 per share, reflecting an annualized yield of 2.4%, although its dividend payout ratio stands at an unusually high 109.09%.

Johnson Investment Counsel Inc. grew its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 5.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,094 shares of the technology company's stock after buying an additional 2,189 shares during the period. Johnson Investment Counsel Inc.'s holdings in International Business Machines were worth $12,409,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. waypoint wealth counsel grew its stake in shares of International Business Machines by 9.6% in the 2nd quarter. waypoint wealth counsel now owns 1,466 shares of the technology company's stock worth $432,000 after buying an additional 128 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of International Business Machines in the 2nd quarter worth $147,000. Apollon Wealth Management LLC grew its stake in shares of International Business Machines by 53.2% in the 2nd quarter. Apollon Wealth Management LLC now owns 87,992 shares of the technology company's stock worth $25,938,000 after buying an additional 30,544 shares in the last quarter. Keener Financial Planning LLC purchased a new position in shares of International Business Machines in the 2nd quarter worth $139,000. Finally, Hemington Wealth Management grew its stake in shares of International Business Machines by 5.4% in the 2nd quarter. Hemington Wealth Management now owns 2,618 shares of the technology company's stock worth $771,000 after buying an additional 134 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Down 3.5%

Shares of IBM opened at $278.09 on Friday. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $301.04. The company has a 50-day moving average of $258.19 and a 200 day moving average of $260.68. The firm has a market capitalization of $258.45 billion, a price-to-earnings ratio of 45.14, a PEG ratio of 4.28 and a beta of 0.73. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating 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 company had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. During the same quarter last year, the business posted $2.43 EPS. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a dividend of $1.68 per share. The ex-dividend date was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. International Business Machines's dividend payout ratio (DPR) is presently 109.09%.

Wall Street Analyst Weigh In

A number of brokerages have commented on IBM. Stifel Nicolaus lifted their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Royal Bank Of Canada raised their target price on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. Sanford C. Bernstein began coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a "market perform" rating and a $280.00 target price for the company. Weiss Ratings restated a "hold (c+)" rating on shares of International Business Machines in a report on Wednesday. Finally, UBS Group raised their target price on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, International Business Machines currently has a consensus 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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