Marble Harbor Investment Counsel LLC Has $414,000 Position in Tootsie Roll Industries, Inc. (NYSE:TR)

Key Points

• Marble Harbor Investment Counsel LLC has reduced its stake in Tootsie Roll Industries by 53.0%, now holding 13,167 shares valued at $414,000.
• Several institutional investors have increased their positions in Tootsie Roll Industries, with American Century Companies Inc. growing its stake by 5.8% to 14,863 shares worth $481,000.
• The stock has shown a year-to-date high of $40.43 and a low of $26.78, currently trading around $37.53 with a market cap of $2.74 billion.

Marble Harbor Investment Counsel LLC lessened its position in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 53.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,167 shares of the company's stock after selling 14,833 shares during the quarter. Marble Harbor Investment Counsel LLC's holdings in Tootsie Roll Industries were worth $414,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Tootsie Roll Industries by 11.1% in the fourth quarter. Vanguard Group Inc. now owns 2,109,375 shares of the company's stock valued at $68,196,000 after acquiring an additional 211,129 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Tootsie Roll Industries by 9.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,242,619 shares of the company's stock valued at $39,229,000 after acquiring an additional 102,519 shares during the period. GAMMA Investing LLC lifted its holdings in Tootsie Roll Industries by 3,573.7% in the first quarter. GAMMA Investing LLC now owns 66,383 shares of the company's stock valued at $2,109,000 after acquiring an additional 64,576 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Tootsie Roll Industries by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,038,573 shares of the company's stock valued at $33,577,000 after acquiring an additional 37,924 shares during the period. Finally, ExodusPoint Capital Management LP acquired a new stake in Tootsie Roll Industries in the fourth quarter valued at $1,139,000. Hedge funds and other institutional investors own 14.28% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Tootsie Roll Industries from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.

Tootsie Roll Industries Stock Down 0.4%

Shares of TR stock traded down $0.14 during mid-day trading on Thursday, hitting $39.02. 19,916 shares of the company's stock were exchanged, compared to its average volume of 162,889. Tootsie Roll Industries, Inc. has a fifty-two week low of $26.78 and a fifty-two week high of $40.43. The stock has a 50-day simple moving average of $35.78 and a two-hundred day simple moving average of $33.14. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 31.29 and a beta of 0.44.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.24 earnings per share for the quarter. Tootsie Roll Industries had a return on equity of 10.42% and a net margin of 12.72%. The firm had revenue of $153.19 million for the quarter.

Tootsie Roll Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 19th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. Tootsie Roll Industries's dividend payout ratio is 28.80%.

Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini Pops, Child's Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella's, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, NIK-L-NIP, and Tutsi Pop trademarks.