Sumitomo Mitsui Trust Holdings Inc. Has $8.29 Million Stock Holdings in ICL Group Ltd (NYSE:ICL)

Sumitomo Mitsui Trust Holdings Inc. cut its holdings in ICL Group Ltd (NYSE:ICL) by 11.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,640,957 shares of the basic materials company’s stock after selling 215,053 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in ICL Group were worth $8,286,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ronald Blue Trust Inc. lifted its stake in ICL Group by 82.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 7,661 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 3,460 shares in the last quarter. Blue Trust Inc. raised its stake in shares of ICL Group by 45.6% during the 4th quarter. Blue Trust Inc. now owns 11,156 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 3,495 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in shares of ICL Group during the 3rd quarter worth approximately $63,000. Autumn Glory Partners LLC bought a new stake in shares of ICL Group during the 3rd quarter worth approximately $67,000. Finally, Capricorn Fund Managers Ltd bought a new stake in shares of ICL Group during the 4th quarter worth approximately $68,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.

ICL Group Stock Up 0.2 %

ICL opened at $4.72 on Wednesday. ICL Group Ltd has a 1-year low of $4.30 and a 1-year high of $6.73. The stock’s fifty day simple moving average is $5.08 and its 200 day simple moving average is $4.97. The company has a current ratio of 1.53, a quick ratio of 0.88 and a debt-to-equity ratio of 0.30. The stock has a market cap of $6.20 billion, a PE ratio of 9.26, a price-to-earnings-growth ratio of 9.68 and a beta of 1.22.

ICL Group (NYSE:ICL) last posted its quarterly earnings results on Wednesday, February 28th. The basic materials company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. ICL Group had a return on equity of 12.04% and a net margin of 8.65%. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.68 billion. As a group, research analysts expect that ICL Group Ltd will post 0.33 earnings per share for the current year.

ICL Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 14th were issued a $0.0476 dividend. This represents a $0.19 dividend on an annualized basis and a yield of 4.03%. This is a positive change from ICL Group’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Wednesday, March 13th. ICL Group’s dividend payout ratio is currently 37.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ICL shares. Barclays upped their price objective on ICL Group from $4.00 to $4.50 and gave the stock an “underweight” rating in a research note on Friday, March 1st. TheStreet cut ICL Group from a “b-” rating to a “c+” rating in a research note on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $5.75.

ICL Group Company Profile

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.