Kimberly-Clark Co. (NYSE:KMB) Shares Acquired by Van Strum & Towne Inc.

Van Strum & Towne Inc. increased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 11.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,000 shares of the company’s stock after buying an additional 300 shares during the quarter. Van Strum & Towne Inc.’s holdings in Kimberly-Clark were worth $393,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Kimberly-Clark in the fourth quarter worth $25,000. Marshall Investment Management LLC purchased a new position in Kimberly-Clark during the fourth quarter worth $25,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark in the third quarter valued at approximately $29,000. Golden State Wealth Management LLC purchased a new position in Kimberly-Clark during the fourth quarter worth about $32,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at $33,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Drexler sold 2,500 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00. Following the transaction, the vice president now owns 2,553 shares of the company’s stock, valued at $357,420. This represents a 49.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Trading Down 0.2 %

Shares of NYSE:KMB opened at $139.79 on Friday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a 52-week low of $123.02 and a 52-week high of $150.45. The company has a 50-day simple moving average of $133.53 and a 200 day simple moving average of $136.50. The company has a market capitalization of $46.36 billion, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a dividend of $1.26 per share. The ex-dividend date is Friday, March 7th. This represents a $5.04 annualized dividend and a dividend yield of 3.61%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is presently 66.75%.

Analysts Set New Price Targets

Several brokerages have issued reports on KMB. UBS Group increased their price objective on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Piper Sandler reiterated an “overweight” rating and issued a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research note on Wednesday, January 8th. JPMorgan Chase & Co. cut their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.