Tootsie Roll Industries, Inc. $TR Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its stake in Tootsie Roll Industries, Inc. (NYSE:TR) by 3.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 43,685 shares of the company’s stock after selling 1,530 shares during the quarter. HighTower Advisors LLC owned 0.06% of Tootsie Roll Industries worth $1,375,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TR. LPL Financial LLC lifted its holdings in shares of Tootsie Roll Industries by 5.4% in the 4th quarter. LPL Financial LLC now owns 7,859 shares of the company’s stock worth $254,000 after acquiring an additional 404 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Tootsie Roll Industries in the 4th quarter worth approximately $390,000. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Tootsie Roll Industries by 12.1% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 16,881 shares of the company’s stock worth $546,000 after acquiring an additional 1,817 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Tootsie Roll Industries by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,038,573 shares of the company’s stock worth $33,577,000 after acquiring an additional 37,924 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Tootsie Roll Industries in the 4th quarter worth approximately $664,000. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Tootsie Roll Industries Stock Up 0.3%

Shares of TR opened at $40.1970 on Tuesday. Tootsie Roll Industries, Inc. has a fifty-two week low of $28.18 and a fifty-two week high of $40.61. The firm’s 50 day moving average price is $36.97 and its 200 day moving average price is $33.90. The company has a market cap of $2.93 billion, a P/E ratio of 32.23 and a beta of 0.44.

Tootsie Roll Industries (NYSE:TR) last announced its earnings results on Thursday, July 24th. The company reported $0.24 earnings per share for the quarter. Tootsie Roll Industries had a net margin of 12.72% and a return on equity of 10.36%. The firm had revenue of $153.19 million for the quarter.

Tootsie Roll Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 19th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, June 18th. Tootsie Roll Industries’s dividend payout ratio is presently 28.80%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Tootsie Roll Industries from a “buy” rating to a “hold” rating in a report on Friday, May 16th.

Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini Pops, Child's Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella's, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, NIK-L-NIP, and Tutsi Pop trademarks.