Entropy Technologies LP Has $760,000 Stock Holdings in Morningstar, Inc. (NASDAQ:MORN)

Entropy Technologies LP lowered its position in Morningstar, Inc. (NASDAQ:MORN) by 41.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,257 shares of the business services provider’s stock after selling 1,600 shares during the quarter. Entropy Technologies LP’s holdings in Morningstar were worth $760,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Morningstar by 2.1% during the third quarter. Geode Capital Management LLC now owns 497,411 shares of the business services provider’s stock valued at $158,772,000 after purchasing an additional 10,437 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Morningstar by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 191,765 shares of the business services provider’s stock valued at $61,196,000 after buying an additional 5,045 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Morningstar by 12.7% in the 3rd quarter. Victory Capital Management Inc. now owns 15,843 shares of the business services provider’s stock valued at $5,056,000 after buying an additional 1,789 shares in the last quarter. Quantbot Technologies LP grew its position in Morningstar by 259.3% in the third quarter. Quantbot Technologies LP now owns 13,769 shares of the business services provider’s stock valued at $4,394,000 after acquiring an additional 9,937 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Morningstar during the third quarter worth $3,181,000. Institutional investors and hedge funds own 57.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Morningstar currently has a consensus rating of “Moderate Buy” and an average target price of $360.67.

Morningstar Stock Down 1.0 %

NASDAQ MORN opened at $321.53 on Wednesday. The firm has a market cap of $13.79 billion, a PE ratio of 42.47 and a beta of 1.20. Morningstar, Inc. has a one year low of $269.51 and a one year high of $365.00. The stock’s 50 day simple moving average is $335.77 and its 200 day simple moving average is $329.19. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14.

Morningstar Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, October 3rd. This is a boost from Morningstar’s previous quarterly dividend of $0.41. Morningstar’s dividend payout ratio is presently 24.04%.

Insider Transactions at Morningstar

In related news, Chairman Joseph D. Mansueto sold 118 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $342.13, for a total transaction of $40,371.34. Following the transaction, the chairman now owns 10,788,378 shares in the company, valued at $3,691,027,765.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jason Dubinsky sold 3,223 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $352.88, for a total transaction of $1,137,332.24. Following the completion of the transaction, the chief financial officer now directly owns 17,304 shares of the company’s stock, valued at approximately $6,106,235.52. This represents a 15.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,524 shares of company stock worth $7,049,393. Insiders own 39.90% of the company’s stock.

Morningstar Profile

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.