Donaldson Capital Management LLC Purchases 33,405 Shares of Lockheed Martin Co. (NYSE:LMT)

Donaldson Capital Management LLC boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 37.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,951 shares of the aerospace company's stock after acquiring an additional 33,405 shares during the period. Lockheed Martin accounts for about 2.5% of Donaldson Capital Management LLC's portfolio, making the stock its 13th biggest position. Donaldson Capital Management LLC owned about 0.05% of Lockheed Martin worth $55,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Lee Financial Co increased its stake in shares of Lockheed Martin by 367.6% in the 1st quarter. Lee Financial Co now owns 477 shares of the aerospace company's stock valued at $210,000 after purchasing an additional 375 shares during the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Lockheed Martin by 240.0% during the 1st quarter. Vontobel Holding Ltd. now owns 4,124 shares of the aerospace company's stock valued at $1,821,000 after acquiring an additional 2,911 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Lockheed Martin by 56.8% during the 1st quarter. Sei Investments Co. now owns 23,153 shares of the aerospace company's stock valued at $9,995,000 after acquiring an additional 8,389 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Lockheed Martin by 18.4% during the 1st quarter. NewEdge Advisors LLC now owns 28,807 shares of the aerospace company's stock valued at $12,716,000 after acquiring an additional 4,472 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in shares of Lockheed Martin by 20.4% during the 1st quarter. Mackenzie Financial Corp now owns 107,366 shares of the aerospace company's stock valued at $47,391,000 after acquiring an additional 18,201 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

Insiders Place Their Bets

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Maryanne Lavan sold 4,022 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Gregory M. Ulmer sold 6,204 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the transaction, the insider now owns 12,604 shares in the company, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,874 shares of company stock valued at $7,249,946. Corporate insiders own 0.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Royal Bank of Canada cut their price objective on Lockheed Martin from $475.00 to $470.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 24th. Citigroup cut their price objective on Lockheed Martin from $540.00 to $508.00 and set a "buy" rating on the stock in a report on Wednesday, January 24th. Susquehanna cut their price objective on Lockheed Martin from $550.00 to $540.00 and set a "positive" rating on the stock in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Finally, UBS Group cut their target price on Lockheed Martin from $488.00 to $475.00 and set a "neutral" rating on the stock in a report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Lockheed Martin presently has an average rating of "Hold" and a consensus target price of $493.36.

Lockheed Martin Stock Up 0.7 %

Lockheed Martin stock traded up $2.94 during midday trading on Monday, reaching $453.34. The stock had a trading volume of 2,439,171 shares, compared to its average volume of 1,163,372. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $508.10. The company has a market capitalization of $109.03 billion, a P/E ratio of 16.46, a PEG ratio of 4.11 and a beta of 0.48. The company has a fifty day moving average price of $437.60 and a two-hundred day moving average price of $441.70. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, beating analysts' consensus estimates of $7.26 by $0.64. The business had revenue of $18.87 billion during the quarter, compared to analyst estimates of $17.96 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The firm's revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $7.79 EPS. As a group, equities analysts expect that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were issued a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Thursday, February 29th. Lockheed Martin's dividend payout ratio is currently 45.74%.

Lockheed Martin Company Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.