Tocqueville Asset Management L.P. Takes $2 Million Position in Sonoco Products Company $SON

Tocqueville Asset Management L.P. purchased a new stake in Sonoco Products Company (NYSE:SON) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 35,500 shares of the industrial products company’s stock, valued at approximately $2,000,000.

Other large investors have also recently bought and sold shares of the company. LSV Asset Management raised its stake in Sonoco Products by 95.7% during the 4th quarter. LSV Asset Management now owns 1,563,390 shares of the industrial products company’s stock valued at $68,226,000 after acquiring an additional 764,590 shares during the last quarter. UBS Group AG grew its stake in shares of Sonoco Products by 57.8% in the 4th quarter. UBS Group AG now owns 303,784 shares of the industrial products company’s stock valued at $13,257,000 after purchasing an additional 111,295 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new position in shares of Sonoco Products in the fourth quarter valued at approximately $7,774,000. Natixis Advisors LLC increased its holdings in shares of Sonoco Products by 18.6% in the fourth quarter. Natixis Advisors LLC now owns 326,547 shares of the industrial products company’s stock valued at $14,251,000 after purchasing an additional 51,273 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Sonoco Products by 19.0% during the first quarter. Bank of America Corp DE now owns 3,312,638 shares of the industrial products company’s stock worth $179,181,000 after purchasing an additional 528,292 shares during the last quarter. Institutional investors and hedge funds own 77.69% of the company’s stock.

Sonoco Products Stock Performance

Shares of SON stock opened at $58.39 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.55 and a debt-to-equity ratio of 0.97. The stock has a 50 day simple moving average of $55.65 and a 200-day simple moving average of $53.39. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 1.22 and a beta of 0.37. Sonoco Products Company has a 12-month low of $38.65 and a 12-month high of $60.67.

Sonoco Products (NYSE:SON) last posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.04. Sonoco Products had a return on equity of 16.50% and a net margin of 8.41%.The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the business earned $1.37 earnings per share. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, equities analysts forecast that Sonoco Products Company will post 5.8 EPS for the current year.

Sonoco Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.16 dividend on an annualized basis and a yield of 3.7%. Sonoco Products’s dividend payout ratio (DPR) is 34.34%.

Analyst Ratings Changes

Several brokerages recently weighed in on SON. Robert W. Baird decreased their price target on Sonoco Products from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Bank of America boosted their price objective on shares of Sonoco Products from $65.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Weiss Ratings upgraded shares of Sonoco Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Citigroup raised their target price on shares of Sonoco Products from $63.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Finally, Truist Financial lifted their target price on shares of Sonoco Products from $64.00 to $68.00 and gave the company a “buy” rating in a report on Friday, July 24th. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $61.78.

Sonoco Products Profile

Sonoco Products Company (NYSE: SON) is a global provider of diversified packaging solutions, serving a wide range of consumer, industrial and retail markets. The company offers a broad portfolio that includes rigid paper and plastic containers, flexible packaging, industrial core and tube products, thermoformed plastics, retail point-of-purchase displays, and packaging supply chain services. Through its solutions, Sonoco helps customers in food and beverage, personal care, chemicals, healthcare, home and garden, and electronics industries address their packaging needs, improve product shelf appeal, and optimize logistics efficiency.

With operations in more than 30 countries across North America, South America, Europe, Asia and Africa, Sonoco leverages a global network of manufacturing facilities, recycling centers and distribution channels to meet the demands of multinational and regional customers.