Northern Trust Corp Raises Stock Holdings in Arrow Electronics, Inc. $ARW

Key Points

• Northern Trust Corp increased its stake in Arrow Electronics by 6.3%, now holding 672,375 shares valued at approximately $69.8 million.
• CEO Sean J. Kerins recently purchased 8,630 shares of Arrow at an average price of $114.91, raising his ownership stake by 7.58%.
• Analysts have mixed views on Arrow Electronics, with Bank of America raising its price target to $110, while Wall Street Zen upgraded its rating to buy.

Northern Trust Corp lifted its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 6.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 672,375 shares of the technology company's stock after acquiring an additional 40,120 shares during the quarter. Northern Trust Corp owned approximately 1.30% of Arrow Electronics worth $69,813,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Operose Advisors LLC bought a new position in shares of Arrow Electronics during the 1st quarter worth $31,000. Golden State Wealth Management LLC lifted its holdings in Arrow Electronics by 111.7% during the 1st quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company's stock worth $39,000 after purchasing an additional 200 shares in the last quarter. Covestor Ltd lifted its holdings in Arrow Electronics by 14.9% during the 1st quarter. Covestor Ltd now owns 1,118 shares of the technology company's stock worth $116,000 after purchasing an additional 145 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in Arrow Electronics during the 1st quarter worth about $120,000. Finally, Lindbrook Capital LLC lifted its holdings in Arrow Electronics by 300.5% during the 1st quarter. Lindbrook Capital LLC now owns 1,550 shares of the technology company's stock worth $161,000 after purchasing an additional 1,163 shares in the last quarter. Institutional investors own 99.34% of the company's stock.

Arrow Electronics Price Performance

Shares of NYSE ARW traded down $0.39 during trading hours on Friday, reaching $126.43. 450,635 shares of the stock traded hands, compared to its average volume of 501,369. The company has a market capitalization of $6.51 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 0.60 and a beta of 1.10. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.37. Arrow Electronics, Inc. has a 52-week low of $86.50 and a 52-week high of $137.80. The company's 50-day simple moving average is $126.92 and its two-hundred day simple moving average is $116.48.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The technology company reported $2.43 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.40. The company had revenue of $7.58 billion for the quarter, compared to analysts' expectations of $7.12 billion. Arrow Electronics had a return on equity of 8.37% and a net margin of 1.64%.Arrow Electronics's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $2.78 EPS. Arrow Electronics has set its Q3 2025 guidance at 2.160-2.360 EPS. Equities research analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Insider Buying and Selling

In other Arrow Electronics news, CEO Sean J. Kerins bought 8,630 shares of Arrow Electronics stock in a transaction dated Friday, August 1st. The shares were purchased at an average cost of $114.91 per share, with a total value of $991,673.30. Following the completion of the purchase, the chief executive officer owned 122,408 shares of the company's stock, valued at approximately $14,065,903.28. This represents a 7.58% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $124.64, for a total value of $331,542.40. Following the transaction, the senior vice president directly owned 17,057 shares in the company, valued at $2,125,984.48. This trade represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on ARW. Wall Street Zen raised Arrow Electronics from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Bank of America increased their price objective on Arrow Electronics from $105.00 to $110.00 and gave the stock an "underperform" rating in a report on Monday, June 9th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Arrow Electronics presently has a consensus rating of "Reduce" and a consensus target price of $115.75.

About Arrow Electronics

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.