Donaldson Capital Management LLC Grows Stock Holdings in Moody’s Corporation $MCO

Donaldson Capital Management LLC raised its stake in shares of Moody’s Corporation (NYSE:MCO) by 12.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,904 shares of the business services provider’s stock after buying an additional 2,899 shares during the quarter. Donaldson Capital Management LLC’s holdings in Moody’s were worth $12,819,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Rexford Capital Inc. bought a new stake in Moody’s in the 2nd quarter worth about $25,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Moody’s during the second quarter worth about $25,000. Johnson Financial Group Inc. bought a new stake in Moody’s during the 2nd quarter valued at approximately $28,000. Heartwood Wealth Advisors LLC purchased a new position in Moody’s in the 3rd quarter worth approximately $31,000. Finally, Salomon & Ludwin LLC bought a new position in Moody’s in the 3rd quarter worth approximately $38,000. 92.11% of the stock is owned by hedge funds and other institutional investors.

Moody’s Price Performance

NYSE:MCO opened at $515.39 on Friday. The firm has a market capitalization of $91.95 billion, a price-to-earnings ratio of 41.43, a PEG ratio of 2.38 and a beta of 1.45. Moody’s Corporation has a 1 year low of $378.71 and a 1 year high of $546.88. The business has a 50 day simple moving average of $509.66 and a 200-day simple moving average of $500.42. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.84 and a quick ratio of 1.84.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MCO shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $550.00 target price on shares of Moody’s in a report on Thursday, October 9th. JPMorgan Chase & Co. decreased their price target on shares of Moody’s from $580.00 to $560.00 and set an “overweight” rating on the stock in a research note on Thursday, October 23rd. Wells Fargo & Company raised their price objective on Moody’s from $620.00 to $660.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Raymond James Financial raised Moody’s from an “underperform” rating to a “market perform” rating in a report on Friday, October 17th. Finally, Morgan Stanley increased their price target on Moody’s from $520.00 to $526.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $560.94.

Insider Buying and Selling at Moody’s

In other news, CEO Robert Fauber sold 1,167 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $478.95, for a total value of $558,934.65. Following the completion of the sale, the chief executive officer owned 61,082 shares in the company, valued at approximately $29,255,223.90. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Moody’s Company Profile

Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody’s operates primarily through two complementary businesses.