Terex Co. (NYSE:TEX) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in Terex Co. (NYSE:TEX - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 725,486 shares of the industrial products company's stock after purchasing an additional 52,885 shares during the period. Bank of New York Mellon Corp owned approximately 1.09% of Terex worth $33,532,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. US Bancorp DE lifted its stake in shares of Terex by 4.0% in the 3rd quarter. US Bancorp DE now owns 5,837 shares of the industrial products company's stock valued at $309,000 after purchasing an additional 227 shares during the last quarter. Lingohr Asset Management GmbH lifted its stake in shares of Terex by 2.0% in the 3rd quarter. Lingohr Asset Management GmbH now owns 11,516 shares of the industrial products company's stock valued at $607,000 after purchasing an additional 230 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of Terex by 4.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 5,575 shares of the industrial products company's stock valued at $295,000 after purchasing an additional 233 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Terex by 26.8% in the 4th quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock valued at $57,000 after purchasing an additional 260 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its stake in shares of Terex by 0.4% in the 4th quarter. New York State Teachers Retirement System now owns 83,035 shares of the industrial products company's stock valued at $3,838,000 after purchasing an additional 320 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company's stock.

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Analyst Ratings Changes

Several research firms recently issued reports on TEX. Citigroup decreased their target price on Terex from $57.00 to $48.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. decreased their target price on Terex from $59.00 to $52.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. Evercore ISI decreased their target price on Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Barclays decreased their target price on Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. Finally, StockNews.com lowered Terex from a "hold" rating to a "sell" rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $56.11.

Terex Stock Up 1.5 %

NYSE TEX traded up $0.62 during trading hours on Friday, hitting $41.02. 940,270 shares of the company were exchanged, compared to its average volume of 903,754. The company has a 50 day moving average of $45.20 and a two-hundred day moving average of $49.98. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. Terex Co. has a 52-week low of $36.15 and a 52-week high of $68.08. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 4.53 and a beta of 1.56.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.01. Terex had a return on equity of 21.99% and a net margin of 6.54%. During the same period in the prior year, the company posted $1.88 EPS. Equities research analysts anticipate that Terex Co. will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.66%. Terex's payout ratio is currently 13.71%.

Insider Activity

In other news, Director David A. Sachs bought 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost of $51.30 per share, with a total value of $513,000.00. Following the transaction, the director now directly owns 107,500 shares in the company, valued at $5,514,750. This trade represents a 10.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Andra Rush bought 1,325 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $36.96 per share, with a total value of $48,972.00. Following the completion of the transaction, the director now owns 23,308 shares in the company, valued at approximately $861,463.68. This trade represents a 6.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 31,325 shares of company stock worth $1,556,972. 1.90% of the stock is currently owned by insiders.

Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.