Twin Disc, Incorporated (NASDAQ:TWIN) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,465 shares of the industrial products company’s stock after selling 3,216 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.64% of Twin Disc worth $1,063,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. MetLife Investment Management LLC boosted its position in Twin Disc by 129.1% during the third quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company’s stock worth $83,000 after acquiring an additional 3,767 shares during the last quarter. Barclays PLC lifted its stake in Twin Disc by 280.7% in the 3rd quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock worth $186,000 after purchasing an additional 10,959 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Twin Disc by 753.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company’s stock worth $194,000 after purchasing an additional 13,686 shares during the last quarter. Empowered Funds LLC grew its position in shares of Twin Disc by 26.0% in the fourth quarter. Empowered Funds LLC now owns 17,427 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 3,596 shares in the last quarter. Finally, Skylands Capital LLC increased its holdings in shares of Twin Disc by 110.0% in the fourth quarter. Skylands Capital LLC now owns 27,300 shares of the industrial products company’s stock valued at $321,000 after purchasing an additional 14,300 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Twin Disc Stock Up 4.0 %

Shares of NASDAQ TWIN opened at $8.55 on Tuesday. Twin Disc, Incorporated has a 1 year low of $7.35 and a 1 year high of $18.00. The company has a market capitalization of $120.95 million, a P/E ratio of 12.76 and a beta of 0.58. The company has a 50 day simple moving average of $9.69 and a 200-day simple moving average of $11.16. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 0.86.

Twin Disc (NASDAQ:TWIN) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter. Twin Disc had a return on equity of 4.24% and a net margin of 2.92%.

Twin Disc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a $0.04 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.16 annualized dividend and a yield of 1.87%. Twin Disc’s dividend payout ratio (DPR) is currently 23.88%.

Analysts Set New Price Targets

Separately, StockNews.com raised Twin Disc from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 18th.

Twin Disc Company Profile

Twin Disc, Incorporated engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. The company operates in two segments, Manufacturing and Distribution. Its principal products include marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.