State Street Corp Has $1.55 Million Stock Holdings in Twin Disc, Incorporated (NASDAQ:TWIN)

State Street Corp lifted its holdings in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 2.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 123,880 shares of the industrial products company’s stock after buying an additional 2,835 shares during the period. State Street Corp’s holdings in Twin Disc were worth $1,547,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp raised its stake in Twin Disc by 44.3% during the second quarter. Bank of New York Mellon Corp now owns 102,281 shares of the industrial products company’s stock worth $1,205,000 after acquiring an additional 31,378 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Twin Disc by 1,037.8% during the 2nd quarter. Rhumbline Advisers now owns 13,654 shares of the industrial products company’s stock valued at $161,000 after purchasing an additional 12,454 shares during the last quarter. Acadian Asset Management LLC increased its position in Twin Disc by 62.0% during the 2nd quarter. Acadian Asset Management LLC now owns 101,656 shares of the industrial products company’s stock worth $1,195,000 after purchasing an additional 38,915 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Twin Disc by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 555,283 shares of the industrial products company’s stock valued at $6,541,000 after purchasing an additional 16,452 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Twin Disc by 33.2% in the second quarter. Renaissance Technologies LLC now owns 131,193 shares of the industrial products company’s stock valued at $1,545,000 after buying an additional 32,673 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 30th.

Twin Disc Price Performance

Twin Disc stock opened at $11.75 on Thursday. The company has a market capitalization of $165.72 million, a PE ratio of 17.54 and a beta of 0.63. The company has a current ratio of 2.23, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average price of $11.93 and a two-hundred day moving average price of $12.33. Twin Disc, Incorporated has a 12 month low of $10.83 and a 12 month high of $18.00.

Twin Disc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.16 annualized dividend and a yield of 1.36%. Twin Disc’s dividend payout ratio is presently 23.88%.

About Twin Disc

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.