Northern Trust Corp Trims Stake in Lydall, Inc. (LDL)

Northern Trust Corp cut its position in Lydall, Inc. (NYSE:LDL) by 5.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 216,153 shares of the auto parts company’s stock after selling 13,370 shares during the quarter. Northern Trust Corp’s holdings in Lydall were worth $4,390,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of LDL. Neuberger Berman Group LLC bought a new position in Lydall in the 3rd quarter valued at about $11,302,000. Grace & White Inc. NY lifted its position in Lydall by 87.4% in the 4th quarter. Grace & White Inc. NY now owns 251,329 shares of the auto parts company’s stock valued at $5,104,000 after acquiring an additional 117,201 shares in the last quarter. BlackRock Inc. lifted its position in Lydall by 3.6% in the 4th quarter. BlackRock Inc. now owns 2,566,100 shares of the auto parts company’s stock valued at $52,118,000 after acquiring an additional 88,136 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Lydall by 7.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,212,089 shares of the auto parts company’s stock valued at $52,241,000 after acquiring an additional 79,473 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Lydall by 18.0% in the 4th quarter. Bank of New York Mellon Corp now owns 272,054 shares of the auto parts company’s stock valued at $5,526,000 after acquiring an additional 41,584 shares in the last quarter. Institutional investors own 93.02% of the company’s stock.

Shares of NYSE LDL opened at $25.59 on Monday. Lydall, Inc. has a fifty-two week low of $18.47 and a fifty-two week high of $49.15. The company has a current ratio of 2.61, a quick ratio of 1.92 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $447.93 million, a P/E ratio of 10.53 and a beta of 1.79.

Lydall (NYSE:LDL) last posted its earnings results on Monday, February 25th. The auto parts company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.16. Lydall had a net margin of 4.45% and a return on equity of 11.32%. The firm had revenue of $209.90 million for the quarter, compared to analysts’ expectations of $220.83 million. During the same quarter last year, the firm earned $0.67 EPS. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. As a group, sell-side analysts expect that Lydall, Inc. will post 1.87 earnings per share for the current year.

Several equities analysts recently weighed in on LDL shares. ValuEngine raised shares of Lydall from a “sell” rating to a “hold” rating in a research report on Wednesday, February 27th. Zacks Investment Research raised shares of Lydall from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Finally, Sidoti dropped their price target on shares of Lydall from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, February 26th. One research 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. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.50.

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Lydall Company Profile

Lydall, Inc designs, manufactures, and markets specialty engineered filtration media, industrial thermal insulating solutions, and automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications worldwide. It operates through Performance Materials, Technical Nonwovens, and Thermal Acoustical Solutions segments.

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Institutional Ownership by Quarter for Lydall (NYSE:LDL)

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