Trading Report: The Diebold Inc. (DBD) to Issue Quarterly Dividend of $0.10

The Diebold Inc. (DBD) to Issue Quarterly Dividend of $0.10

Diebold Inc. (NYSE:DBD) announced a quarterly dividend on Wednesday, October 12th. Investors of record on Friday, November 18th will be given a dividend of 0.10 per share on Friday, December 9th. This represents a $0.40 annualized dividend and a yield of 1.70%.

Shares of Diebold (NYSE:DBD) opened at 23.59 on Thursday. Diebold has a 12-month low of $22.84 and a 12-month high of $37.98. The company’s 50-day moving average price is $25.78 and its 200 day moving average price is $26.15. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 7.72 and a beta of 1.83.

Diebold (NYSE:DBD) last released its earnings results on Thursday, July 28th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.23. The firm earned $580 million during the quarter, compared to analyst estimates of $594.01 million. Diebold had a return on equity of 19.56% and a net margin of 8.57%. Diebold’s revenue was down 10.0% compared to the same quarter last year. During the same period last year, the business posted $0.44 earnings per share. On average, equities research analysts forecast that Diebold will post $1.42 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new stake in Diebold during the second quarter valued at $34,092,000. Keeley Asset Management Corp increased its stake in Diebold by 13.6% in the second quarter. Keeley Asset Management Corp now owns 1,239,319 shares of the company’s stock valued at $30,772,000 after buying an additional 148,453 shares during the last quarter. EverPoint Asset Management LLC purchased a new stake in Diebold during the second quarter valued at $2,832,000. BlackRock Investment Management LLC increased its stake in Diebold by 7.5% in the second quarter. BlackRock Investment Management LLC now owns 456,009 shares of the company’s stock valued at $11,323,000 after buying an additional 31,644 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Diebold by 15.6% in the second quarter. Parametric Portfolio Associates LLC now owns 145,528 shares of the company’s stock valued at $3,613,000 after buying an additional 19,595 shares during the last quarter. 82.21% of the stock is owned by institutional investors.

DBD has been the subject of a number of recent research reports. Zacks Investment Research upgraded Diebold from a “sell” rating to a “buy” rating and set a $28.00 target price for the company in a report on Tuesday, July 5th. Pacific Crest reiterated a “hold” rating on shares of Diebold in a report on Friday, September 23rd. JPMorgan Chase & Co. initiated coverage on Diebold in a report on Monday, August 15th. They issued a “neutral” rating and a $33.00 target price for the company. Finally, Wedbush reiterated an “outperform” rating and issued a $40.00 target price on shares of Diebold in a report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Diebold presently has an average rating of “Hold” and an average target price of $32.50.

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