Northwestern Mutual Investment Management Company LLC increased its stake in Lexmark International Inc. (NYSE:LXK) by 1.2% during the second quarter, Holdings Channel reports. The institutional investor owned 10,814 shares of the company’s stock after buying an additional 127 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Lexmark International were worth $408,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc raised its position in Lexmark International by 967.4% in the first quarter. IFP Advisors Inc now owns 3,042 shares of the company’s stock valued at $102,000 after buying an additional 2,757 shares in the last quarter. BOKF NA bought a new position in Lexmark International during the second quarter valued at approximately $123,000. Tower Research Capital LLC TRC raised its position in Lexmark International by 1,318.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,290 shares of the company’s stock valued at $124,000 after buying an additional 3,058 shares in the last quarter. Opera Trading Capital bought a new position in Lexmark International during the second quarter valued at approximately $132,000. Finally, LS Investment Advisors LLC raised its position in Lexmark International by 78.2% in the second quarter. LS Investment Advisors LLC now owns 3,761 shares of the company’s stock valued at $142,000 after buying an additional 1,651 shares in the last quarter. Institutional investors and hedge funds own 84.36% of the company’s stock.
Shares of Lexmark International Inc. (NYSE:LXK) opened at 35.97 on Thursday. The company’s 50 day moving average price is $35.71 and its 200-day moving average price is $36.05. The firm’s market capitalization is $2.26 billion. Lexmark International Inc. has a 12 month low of $24.11 and a 12 month high of $38.89.
Lexmark International (NYSE:LXK) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.06. The business had revenue of $865 million for the quarter, compared to the consensus estimate of $855.23 million. Lexmark International had a positive return on equity of 15.79% and a negative net margin of 2.89%. During the same quarter last year, the business posted $0.97 EPS. On average, equities analysts predict that Lexmark International Inc. will post $2.38 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend was Wednesday, August 31st. Lexmark International’s payout ratio is currently -89.44%.
Separately, Zacks Investment Research lowered Lexmark International from a “hold” rating to a “strong sell” rating in a report on Thursday, August 25th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $34.38.
Lexmark International Company Profile
Lexmark International, Inc is a developer, manufacturer and supplier of printing, imaging, device management, managed print services (MPS), document workflow, and business process and content management solutions. The Company operates through two segments: Imaging Solutions and Services (ISS) and Enterprise Software.
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