Entropy Technologies LP Grows Stock Holdings in Morningstar, Inc. (NASDAQ:MORN)

Entropy Technologies LP lifted its holdings in Morningstar, Inc. (NASDAQ:MORN) by 265.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,857 shares of the business services provider’s stock after acquiring an additional 2,801 shares during the period. Entropy Technologies LP’s holdings in Morningstar were worth $1,231,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MORN. V Square Quantitative Management LLC acquired a new stake in Morningstar in the 3rd quarter valued at $30,000. Blue Trust Inc. boosted its position in shares of Morningstar by 326.9% in the second quarter. Blue Trust Inc. now owns 111 shares of the business services provider’s stock worth $34,000 after buying an additional 85 shares during the period. Crewe Advisors LLC purchased a new stake in shares of Morningstar in the second quarter worth about $35,000. DT Investment Partners LLC purchased a new stake in shares of Morningstar during the 2nd quarter valued at about $36,000. Finally, Venturi Wealth Management LLC lifted its position in Morningstar by 101.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock worth $39,000 after acquiring an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 57.02% of the company’s stock.

Morningstar Stock Down 1.4 %

MORN stock opened at $345.47 on Thursday. The company has a market capitalization of $14.81 billion, a P/E ratio of 45.64 and a beta of 1.18. The firm has a 50 day simple moving average of $327.49 and a 200-day simple moving average of $310.48. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.55. Morningstar, Inc. has a twelve month low of $264.79 and a twelve month high of $352.55.

Morningstar (NASDAQ:MORN) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $2.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.01). Morningstar had a net margin of 14.69% and a return on equity of 23.28%. The company had revenue of $569.40 million during the quarter.

Morningstar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were paid a $0.405 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.62 dividend on an annualized basis and a yield of 0.47%. Morningstar’s payout ratio is currently 21.40%.

Analyst Ratings Changes

MORN has been the subject of several recent research reports. UBS Group assumed coverage on shares of Morningstar in a research report on Tuesday, October 8th. They issued a “buy” rating and a $390.00 price objective for the company. Redburn Atlantic lowered shares of Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price target for the company. in a report on Wednesday, October 9th. BMO Capital Markets reiterated an “outperform” rating and issued a $352.00 price objective on shares of Morningstar in a report on Wednesday, August 28th. Finally, StockNews.com downgraded Morningstar from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $360.67.

Insider Transactions at Morningstar

In related news, Chairman Joseph D. Mansueto sold 6,209 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $312.12, for a total transaction of $1,937,953.08. Following the completion of the transaction, the chairman now owns 10,574,707 shares in the company, valued at $3,300,577,548.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Chairman Joseph D. Mansueto sold 6,209 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $312.12, for a total transaction of $1,937,953.08. Following the completion of the transaction, the chairman now owns 10,574,707 shares of the company’s stock, valued at approximately $3,300,577,548.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Joseph D. Mansueto sold 9,062 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $328.22, for a total transaction of $2,974,329.64. Following the transaction, the chairman now owns 10,845,718 shares of the company’s stock, valued at $3,559,781,561.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,370 shares of company stock worth $21,909,493. 39.90% of the stock is currently owned by company insiders.

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.