Trust Co. of Toledo NA OH Grows Stock Position in Salesforce Inc. $CRM

Trust Co. of Toledo NA OH grew its position in Salesforce Inc. (NYSE:CRM) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,997 shares of the CRM provider’s stock after acquiring an additional 70 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Salesforce were worth $4,090,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KFA Private Wealth Group LLC lifted its holdings in Salesforce by 4.3% in the 2nd quarter. KFA Private Wealth Group LLC now owns 1,324 shares of the CRM provider’s stock valued at $361,000 after purchasing an additional 55 shares in the last quarter. Williams & Novak LLC purchased a new position in shares of Salesforce in the second quarter worth about $207,000. Aberdeen Group plc lifted its stake in shares of Salesforce by 6.9% in the second quarter. Aberdeen Group plc now owns 1,108,492 shares of the CRM provider’s stock worth $301,898,000 after buying an additional 72,010 shares in the last quarter. Pinnacle West Asset Management Inc. lifted its stake in shares of Salesforce by 4.8% in the second quarter. Pinnacle West Asset Management Inc. now owns 1,205 shares of the CRM provider’s stock worth $329,000 after buying an additional 55 shares in the last quarter. Finally, Agate Pass Investment Management LLC lifted its stake in shares of Salesforce by 28.4% in the second quarter. Agate Pass Investment Management LLC now owns 11,022 shares of the CRM provider’s stock worth $3,006,000 after buying an additional 2,437 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Stock Down 1.3%

Shares of CRM opened at $242.11 on Friday. The firm has a market cap of $230.49 billion, a P/E ratio of 35.19, a price-to-earnings-growth ratio of 2.12 and a beta of 1.19. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The company’s 50-day moving average price is $244.68 and its 200 day moving average price is $258.93. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. Salesforce’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, sell-side analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were given a $0.416 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce’s payout ratio is presently 24.13%.

Analyst Ratings Changes

CRM has been the topic of a number of research reports. Royal Bank Of Canada decreased their target price on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Salesforce in a research report on Saturday, September 27th. Sanford C. Bernstein reduced their price objective on Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research report on Thursday, September 4th. UBS Group reduced their price target on Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a report on Monday, August 18th. Finally, Robert W. Baird reduced their price target on Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Twenty-six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $331.89.

Insider Transactions at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $239.79, for a total value of $539,527.50. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,856,275,610.09. The trade was a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 78,750 shares of company stock valued at $19,634,805 over the last 90 days. 3.00% of the stock is owned by insiders.

Salesforce Company Profile

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.