Ball Co. (NYSE:BLL) VP Jeff A. Knobel sold 6,899 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $47.42, for a total transaction of $327,150.58. Following the sale, the vice president now directly owns 68,389 shares in the company, valued at $3,243,006.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NYSE:BLL opened at $48.68 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.69 and a current ratio of 1.01. Ball Co. has a 52 week low of $34.71 and a 52 week high of $49.18. The firm has a market capitalization of $16.57 billion, a PE ratio of 21.80, a PEG ratio of 4.02 and a beta of 0.74.

Ball (NYSE:BLL) last posted its quarterly earnings data on Thursday, November 1st. The industrial products company reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.04). Ball had a net margin of 4.21% and a return on equity of 20.02%. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities research analysts forecast that Ball Co. will post 2.21 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, November 30th. Ball’s dividend payout ratio is currently 19.61%.

Several institutional investors have recently added to or reduced their stakes in BLL. DnB Asset Management AS lifted its position in shares of Ball by 9.4% during the 2nd quarter. DnB Asset Management AS now owns 46,360 shares of the industrial products company’s stock valued at $1,648,000 after acquiring an additional 4,000 shares during the period. IFM Investors Pty Ltd lifted its position in shares of Ball by 38.3% during the 2nd quarter. IFM Investors Pty Ltd now owns 14,845 shares of the industrial products company’s stock valued at $528,000 after acquiring an additional 4,114 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Ball by 1.7% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 100,942 shares of the industrial products company’s stock valued at $3,588,000 after acquiring an additional 1,727 shares during the period. Addenda Capital Inc. lifted its position in shares of Ball by 125.7% during the 2nd quarter. Addenda Capital Inc. now owns 54,690 shares of the industrial products company’s stock valued at $1,745,000 after acquiring an additional 30,456 shares during the period. Finally, NN Investment Partners Holdings N.V. acquired a new position in shares of Ball during the 2nd quarter valued at $4,228,000. Institutional investors own 85.78% of the company’s stock.

BLL has been the topic of a number of research reports. Zacks Investment Research lowered shares of Ball from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Bank of America upped their price objective on shares of Ball from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, September 24th. Robert W. Baird upped their price objective on shares of Ball from $47.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, October 3rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $52.00 price objective on shares of Ball in a research note on Thursday, October 4th. Finally, ValuEngine raised shares of Ball from a “strong sell” rating to a “sell” rating in a research note on Friday, August 3rd. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $50.00.

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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.

Further Reading: Rule of 72

Insider Buying and Selling by Quarter for Ball (NYSE:BLL)

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