Donaldson Capital Management LLC Has $55.73 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Donaldson Capital Management LLC increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 37.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,951 shares of the aerospace company’s stock after purchasing an additional 33,405 shares during the period. Lockheed Martin makes up approximately 2.5% of Donaldson Capital Management LLC’s investment portfolio, making the stock its 13th largest holding. Donaldson Capital Management LLC owned about 0.05% of Lockheed Martin worth $55,726,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank Julius Baer & Co. Ltd Zurich raised its stake in Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after buying an additional 27 shares during the period. Activest Wealth Management grew its position in Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after buying an additional 60 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new stake in Lockheed Martin during the fourth quarter worth $31,000. Milestone Investment Advisors LLC bought a new stake in Lockheed Martin during the third quarter worth $33,000. Finally, Providence Capital Advisors LLC bought a new stake in Lockheed Martin during the third quarter worth $35,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the sale, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,874 shares of company stock worth $7,249,946. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Up 0.6 %

LMT traded up $2.68 during midday trading on Monday, reaching $453.08. The company’s stock had a trading volume of 2,413,475 shares, compared to its average volume of 1,163,345. The firm has a market capitalization of $108.96 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 4.11 and a beta of 0.48. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $508.10. The stock’s 50-day moving average is $436.96 and its 200-day moving average is $441.40.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, beating analysts’ consensus estimates of $7.26 by $0.64. The company had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $17.96 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.79 earnings per share. As a group, research analysts expect that Lockheed Martin Co. will post 26.13 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were given a $3.15 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $12.60 annualized dividend and a yield of 2.78%. Lockheed Martin’s payout ratio is presently 45.74%.

Analysts Set New Price Targets

Several brokerages recently issued reports on LMT. Royal Bank of Canada lowered their target price on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 24th. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their target price for the company from $475.00 to $518.00 in a research note on Monday. UBS Group cut their price target on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a research note on Wednesday, January 24th. Susquehanna dropped their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Finally, Citigroup dropped their target price on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $493.36.

Lockheed Martin Profile

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.