Van Strum & Towne Inc. Has $11.34 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Van Strum & Towne Inc. cut its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,902 shares of the information services provider’s stock after selling 106 shares during the quarter. Alphabet comprises about 0.0% of Van Strum & Towne Inc.’s holdings, making the stock its 6th largest position. Van Strum & Towne Inc.’s holdings in Alphabet were worth $11,339,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Pettinga Financial Advisors LLC raised its holdings in Alphabet by 10.1% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider’s stock valued at $363,000 after acquiring an additional 201 shares during the period. Impax Asset Management Group plc raised its stake in shares of Alphabet by 6.8% during the 3rd quarter. Impax Asset Management Group plc now owns 728,575 shares of the information services provider’s stock valued at $120,834,000 after purchasing an additional 46,677 shares during the period. Principal Financial Group Inc. raised its stake in shares of Alphabet by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider’s stock valued at $1,871,384,000 after purchasing an additional 337,031 shares during the period. Apollon Financial LLC lifted its holdings in Alphabet by 0.3% during the 3rd quarter. Apollon Financial LLC now owns 49,192 shares of the information services provider’s stock worth $8,158,000 after purchasing an additional 147 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Alphabet by 15.7% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 801,353 shares of the information services provider’s stock worth $132,351,000 after purchasing an additional 108,787 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, Director Kavitark Ram Shriram sold 29,066 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total value of $5,374,012.74. Following the sale, the director now owns 272,466 shares in the company, valued at approximately $50,376,238.74. This represents a 9.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 1,340 shares of Alphabet stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,048 shares of company stock worth $17,374,274. Company insiders own 11.55% of the company’s stock.

Alphabet Trading Down 3.2 %

GOOGL opened at $165.06 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.34 and a beta of 1.02. The business has a 50 day simple moving average of $181.11 and a two-hundred day simple moving average of $176.78. Alphabet Inc. has a one year low of $147.22 and a one year high of $207.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.48%. Alphabet’s payout ratio is 9.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GOOGL shares. DZ Bank downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price target on the stock. in a report on Thursday, February 6th. Robert W. Baird reissued an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a report on Tuesday, December 10th. DA Davidson boosted their price target on shares of Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Bank of America reiterated a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research report on Monday, December 23rd. Finally, Piper Sandler decreased their target price on Alphabet from $210.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $210.59.

Alphabet Company Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.