Tootsie Roll Industries, Inc. (NYSE:TR) Shares Sold by Marble Harbor Investment Counsel LLC

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

Several other large investors also recently bought and sold shares of TR. Raymond James Financial Inc. purchased a new stake in Tootsie Roll Industries during the 4th quarter valued at about $390,000. American Century Companies Inc. grew its stake in Tootsie Roll Industries by 5.8% during the 4th quarter. American Century Companies Inc. now owns 14,863 shares of the company's stock valued at $481,000 after acquiring an additional 815 shares in the last quarter. Sei Investments Co. grew its stake in Tootsie Roll Industries by 2.5% during the 4th quarter. Sei Investments Co. now owns 28,194 shares of the company's stock valued at $912,000 after acquiring an additional 695 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Tootsie Roll Industries during the 4th quarter valued at about $82,000. Finally, LPL Financial LLC grew its stake in Tootsie Roll Industries by 5.4% during the 4th quarter. LPL Financial LLC now owns 7,859 shares of the company's stock valued at $254,000 after acquiring an additional 404 shares in the last quarter. Hedge funds and other institutional investors own 14.28% of the company's stock.

Analyst Upgrades and Downgrades

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

Tootsie Roll Industries Price Performance

Tootsie Roll Industries stock opened at $37.53 on Friday. The firm has a 50 day simple moving average of $35.55 and a 200-day simple moving average of $33.00. Tootsie Roll Industries, Inc. has a 1-year low of $26.78 and a 1-year high of $40.43. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 30.09 and a beta of 0.44.

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

Tootsie Roll Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 19th were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. Tootsie Roll Industries's dividend payout ratio is 28.80%.

About Tootsie Roll Industries

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.

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