Raymond James Financial Inc. Takes Position in Tootsie Roll Industries, Inc. (NYSE:TR)

Raymond James Financial Inc. purchased a new stake in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,065 shares of the company's stock, valued at approximately $390,000.

A number of other large investors have also made changes to their positions in the business. Barclays PLC raised its holdings in shares of Tootsie Roll Industries by 227.2% during the third quarter. Barclays PLC now owns 5,566 shares of the company's stock valued at $171,000 after acquiring an additional 3,865 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Tootsie Roll Industries during the 3rd quarter worth about $96,000. JPMorgan Chase & Co. grew its holdings in shares of Tootsie Roll Industries by 278.4% in the third quarter. JPMorgan Chase & Co. now owns 26,567 shares of the company's stock valued at $823,000 after purchasing an additional 19,547 shares in the last quarter. GAMMA Investing LLC increased its holdings in Tootsie Roll Industries by 133.5% during the 4th quarter. GAMMA Investing LLC now owns 1,807 shares of the company's stock worth $58,000 after purchasing an additional 1,033 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Tootsie Roll Industries by 177.6% during the 4th quarter. SG Americas Securities LLC now owns 20,904 shares of the company's stock worth $676,000 after acquiring an additional 13,375 shares in the last quarter. 14.28% of the stock is owned by institutional investors and hedge funds.

Tootsie Roll Industries Trading Down 1.4%

Shares of TR stock traded down $0.47 during mid-day trading on Monday, reaching $32.37. The stock had a trading volume of 148,501 shares, compared to its average volume of 167,876. Tootsie Roll Industries, Inc. has a 12-month low of $26.78 and a 12-month high of $34.63. The company has a market cap of $2.32 billion, a P/E ratio of 26.53 and a beta of 0.39. The business has a 50-day simple moving average of $31.66 and a 200 day simple moving average of $31.62.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $146.52 million during the quarter. Tootsie Roll Industries had a net margin of 12.14% and a return on equity of 10.23%.

Tootsie Roll Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Wednesday, March 5th. Tootsie Roll Industries's dividend payout ratio is presently 29.51%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Tootsie Roll Industries from a "hold" rating to a "buy" rating in a research report on Thursday.

Tootsie Roll Industries 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.