Hanson & Doremus Investment Management maintained its stake in Diebold Inc. (NYSE:DBD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,722 shares of the company’s stock at the end of the second quarter. Hanson & Doremus Investment Management’s holdings in Diebold were worth $142,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Tocqueville Asset Management L.P. increased its stake in shares of Diebold by 52.1% in the second quarter. Tocqueville Asset Management L.P. now owns 539,883 shares of the company’s stock worth $13,405,000 after buying an additional 184,885 shares during the last quarter. Court Place Advisors LLC increased its stake in shares of Diebold by 54.2% in the second quarter. Court Place Advisors LLC now owns 12,375 shares of the company’s stock worth $307,000 after buying an additional 4,350 shares during the last quarter. Parametrica Management Ltd increased its stake in shares of Diebold by 18.1% in the second quarter. Parametrica Management Ltd now owns 9,852 shares of the company’s stock worth $245,000 after buying an additional 1,507 shares during the last quarter. Country Club Trust Company n.a. increased its stake in shares of Diebold by 3.7% in the second quarter. Country Club Trust Company n.a. now owns 200,104 shares of the company’s stock worth $4,969,000 after buying an additional 7,167 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Diebold during the second quarter worth about $295,000. 82.54% of the stock is currently owned by institutional investors and hedge funds.
Shares of Diebold Inc. (NYSE:DBD) traded up 1.10% on Tuesday, reaching $22.95. 212,945 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $25.31 and a 200 day moving average price of $25.99. Diebold Inc. has a one year low of $22.65 and a one year high of $37.98. The firm has a market cap of $1.50 billion, a PE ratio of 7.51 and a beta of 1.83.
Diebold (NYSE:DBD) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.23. Diebold had a return on equity of 19.56% and a net margin of 8.57%. The company had revenue of $580 million for the quarter, compared to analysts’ expectations of $594.01 million. During the same period in the previous year, the firm earned $0.44 EPS. The firm’s revenue was down 10.0% compared to the same quarter last year. Analysts expect that Diebold Inc. will post $1.42 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Friday, November 18th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.76%. Diebold’s dividend payout ratio is presently 36.98%.
A number of equities research analysts recently weighed in on the stock. Pacific Crest reaffirmed a “sector weight” rating on shares of Diebold in a research note on Tuesday, July 5th. JPMorgan Chase & Co. raised shares of Diebold from a “neutral” rating to an “overweight” rating and set a $33.00 target price on the stock in a research note on Monday, September 26th. Wedbush reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Diebold in a research note on Thursday, August 4th. Finally, Zacks Investment Research raised shares of Diebold from a “sell” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Diebold presently has a consensus rating of “Hold” and a consensus price target of $32.50.
Diebold Company Profile
Diebold, Incorporated is engaged in the business of financial self-service (FSS) and security solutions. The Company’s segments include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). It offers an integrated line of self-service solutions and technology, including automated teller machine (ATM) outsourcing, ATM security, deposit automation, recycling and payment terminals and software.
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