The Manufacturers Life Insurance Company lifted its holdings in Lydall, Inc. (NYSE:LDL) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,931 shares of the auto parts company’s stock after buying an additional 242 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of Lydall worth $669,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. boosted its position in shares of Lydall by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,044 shares of the auto parts company’s stock worth $110,000 after buying an additional 16 shares during the period. Pinebridge Investments L.P. boosted its position in shares of Lydall by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 2,270 shares of the auto parts company’s stock worth $118,000 after buying an additional 22 shares during the period. Creative Planning boosted its position in shares of Lydall by 42.8% in the second quarter. Creative Planning now owns 3,335 shares of the auto parts company’s stock worth $172,000 after buying an additional 1,000 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Lydall by 77.9% in the second quarter. State of Alaska Department of Revenue now owns 3,381 shares of the auto parts company’s stock worth $174,000 after buying an additional 1,481 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Lydall by 13.4% in the second quarter. Victory Capital Management Inc. now owns 3,559 shares of the auto parts company’s stock worth $184,000 after buying an additional 421 shares during the period. 89.39% of the stock is owned by institutional investors and hedge funds.

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Several analysts have recently commented on the company. Zacks Investment Research raised Lydall from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Roth Capital set a $63.00 target price on Lydall and gave the stock a “buy” rating in a research report on Monday, July 31st. BidaskClub cut Lydall from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Finally, Sidoti raised Lydall from a “neutral” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Wednesday, September 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Lydall currently has a consensus rating of “Hold” and a consensus price target of $62.50.

In related news, insider Joseph A. Abbruzzi sold 2,795 shares of Lydall stock in a transaction on Friday, September 15th. The stock was sold at an average price of $52.72, for a total transaction of $147,352.40. Following the completion of the sale, the insider now owns 39,685 shares of the company’s stock, valued at $2,092,193.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director S Carl Soderstrom, Jr. sold 1,588 shares of Lydall stock in a transaction on Monday, November 6th. The shares were sold at an average price of $55.00, for a total value of $87,340.00. Following the sale, the director now directly owns 20,121 shares of the company’s stock, valued at approximately $1,106,655. The disclosure for this sale can be found here. 5.02% of the stock is currently owned by company insiders.

Shares of Lydall, Inc. (LDL) opened at $53.95 on Monday. The company has a market capitalization of $930.20, a price-to-earnings ratio of 20.21 and a beta of 1.67. The company has a quick ratio of 1.91, a current ratio of 2.67 and a debt-to-equity ratio of 0.28. Lydall, Inc. has a 12-month low of $45.45 and a 12-month high of $64.85.

Lydall (NYSE:LDL) last issued its earnings results on Tuesday, October 31st. The auto parts company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.08). The business had revenue of $180.00 million during the quarter, compared to analyst estimates of $172.21 million. Lydall had a return on equity of 15.22% and a net margin of 6.00%. The firm’s revenue was up 15.6% compared to the same quarter last year. research analysts expect that Lydall, Inc. will post 2.76 EPS for the current year.

Lydall Company Profile

Lydall, Inc designs and manufactures specialty engineered filtration media, industrial thermal insulating solutions, automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications. The Company’s segments are Performance Materials, Technical Nonwovens, Thermal/Acoustical Metals and Thermal/Acoustical Fibers.

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Institutional Ownership by Quarter for Lydall (NYSE:LDL)

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