Sumitomo Mitsui Trust Holdings Inc. raised its position in Ball Co. (NYSE:BLL) by 5.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,009,747 shares of the industrial products company’s stock after purchasing an additional 53,047 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.29% of Ball worth $35,897,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. raised its holdings in shares of Ball by 4.8% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 31,755 shares of the industrial products company’s stock valued at $1,129,000 after buying an additional 1,466 shares during the period. M&T Bank Corp raised its holdings in shares of Ball by 2.0% during the 1st quarter. M&T Bank Corp now owns 75,499 shares of the industrial products company’s stock valued at $2,997,000 after buying an additional 1,501 shares during the period. Tiverton Asset Management LLC raised its holdings in shares of Ball by 44.1% during the 1st quarter. Tiverton Asset Management LLC now owns 5,414 shares of the industrial products company’s stock valued at $215,000 after buying an additional 1,657 shares during the period. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Ball by 17.5% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 11,210 shares of the industrial products company’s stock valued at $445,000 after buying an additional 1,669 shares during the period. Finally, Eads & Heald Wealth Management raised its holdings in shares of Ball by 3.4% during the 2nd quarter. Eads & Heald Wealth Management now owns 51,964 shares of the industrial products company’s stock valued at $1,847,000 after buying an additional 1,707 shares during the period. Institutional investors own 86.52% of the company’s stock.

Several equities research analysts recently commented on the company. TheStreet upgraded Ball from a “c+” rating to a “b-” rating in a report on Wednesday, August 1st. ValuEngine downgraded Ball from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 16th. Barclays raised their target price on Ball from $42.00 to $43.00 and gave the company an “equal weight” rating in a report on Thursday. Zacks Investment Research upgraded Ball from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Citigroup dropped their target price on Ball from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, July 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $45.20.

Shares of Ball opened at $40.32 on Friday, according to Marketbeat Ratings. Ball Co. has a fifty-two week low of $34.71 and a fifty-two week high of $43.24. The company has a quick ratio of 0.92, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. The company has a market cap of $14.26 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 3.35 and a beta of 0.85.

Ball (NYSE:BLL) last issued its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. Ball had a return on equity of 19.93% and a net margin of 4.12%. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter last year, the firm earned $0.53 EPS. Ball’s quarterly revenue was up 8.6% on a year-over-year basis. equities analysts expect that Ball Co. will post 2.25 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Shareholders of record on Tuesday, September 4th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.99%. Ball’s dividend payout ratio (DPR) is presently 19.61%.

Ball declared that its Board of Directors has approved a stock repurchase program on Wednesday, April 25th that permits the company to repurchase 25,000,000 shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

In other news, VP Scott C. Morrison sold 2,167 shares of Ball stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $37.81, for a total value of $81,934.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott C. Morrison sold 2,143 shares of Ball stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $35.80, for a total value of $76,719.40. Following the completion of the transaction, the vice president now owns 408,256 shares of the company’s stock, valued at approximately $14,615,564.80. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.

Ball Company Profile

Ball Corporation supplies metal packaging products to the beverage, food, personal care, and household products industries. It operates in five segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.

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Institutional Ownership by Quarter for Ball (NYSE:BLL)

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