Johnson Investment Counsel Inc. Sells 139 Shares of Lockheed Martin Corporation (NYSE:LMT)

Johnson Investment Counsel Inc. lessened its holdings in Lockheed Martin Corporation (NYSE:LMT) by 0.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,700 shares of the aerospace company’s stock after selling 139 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Lockheed Martin were worth $9,694,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Millstone Evans Group LLC bought a new position in Lockheed Martin in the fourth quarter valued at about $32,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $34,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin during the 4th quarter valued at approximately $35,000. Redwood Park Advisors LLC acquired a new position in Lockheed Martin during the 4th quarter worth approximately $40,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Lockheed Martin in the 4th quarter valued at approximately $42,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 2.3%

LMT opened at $468.27 on Friday. Lockheed Martin Corporation has a twelve month low of $418.88 and a twelve month high of $618.95. The company has a fifty day moving average of $471.73 and a 200-day moving average of $468.91. The stock has a market cap of $109.72 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.63 and a beta of 0.29. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. The firm had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. On average, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin’s dividend payout ratio (DPR) is 57.02%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LMT. Royal Bank Of Canada downgraded shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Wells Fargo & Company lowered their target price on Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Robert W. Baird raised Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 price target on the stock in a research note on Wednesday, April 23rd. UBS Group boosted their price target on Lockheed Martin from $481.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday, April 23rd. Finally, Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 3rd. Nine analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $541.80.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.