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

Bank of New York Mellon Corp decreased its position in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 3.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 90,465 shares of the industrial products company’s stock after selling 3,216 shares during the period. Bank of New York Mellon Corp’s holdings in Twin Disc were worth $1,063,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TWIN. Skylands Capital LLC increased its stake in Twin Disc by 110.0% during the fourth quarter. Skylands Capital LLC now owns 27,300 shares of the industrial products company’s stock worth $321,000 after purchasing an additional 14,300 shares during the period. Empowered Funds LLC increased its stake in Twin Disc by 26.0% during the 4th quarter. Empowered Funds LLC now owns 17,427 shares of the industrial products company’s stock worth $205,000 after buying an additional 3,596 shares during the period. Barclays PLC lifted its holdings in Twin Disc by 280.7% during the 3rd quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock worth $186,000 after buying an additional 10,959 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Twin Disc by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 250,924 shares of the industrial products company’s stock worth $3,134,000 after buying an additional 3,109 shares in the last quarter. Finally, State Street Corp boosted its position in Twin Disc by 2.3% in the 3rd quarter. State Street Corp now owns 123,880 shares of the industrial products company’s stock valued at $1,547,000 after buying an additional 2,835 shares during the period. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Twin Disc Price Performance

TWIN stock opened at $8.55 on Tuesday. The business’s 50-day moving average is $9.69 and its two-hundred day moving average is $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. The firm has a market capitalization of $120.95 million, a P/E ratio of 12.76 and a beta of 0.58. Twin Disc, Incorporated has a 1 year low of $7.35 and a 1 year high of $18.00.

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

Twin Disc Announces Dividend

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

Analyst Ratings Changes

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

Twin Disc 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.