Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Has $11.96 Million Stake in ICL Group Ltd. $ICL

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD raised its stake in shares of ICL Group Ltd. (NYSE:ICL) by 31.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,084,911 shares of the basic materials company’s stock after buying an additional 502,628 shares during the period. ICL Group accounts for approximately 2.3% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s portfolio, making the stock its 11th biggest holding. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s holdings in ICL Group were worth $11,960,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD increased its holdings in shares of ICL Group by 32.3% during the 4th quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 6,060,600 shares of the basic materials company’s stock valued at $34,768,000 after acquiring an additional 1,481,084 shares during the last quarter. Provident Co of the Employees of the Hebrew University LTD boosted its position in ICL Group by 11.9% during the fourth quarter. Provident Co of the Employees of the Hebrew University LTD now owns 574,472 shares of the basic materials company’s stock worth $3,296,000 after purchasing an additional 61,219 shares during the period. Greenspring Advisors LLC bought a new stake in ICL Group during the fourth quarter worth approximately $71,000. Norges Bank acquired a new position in ICL Group during the fourth quarter valued at approximately $122,297,000. Finally, Legal & General Group Plc raised its position in shares of ICL Group by 11.0% in the fourth quarter. Legal & General Group Plc now owns 4,245,458 shares of the basic materials company’s stock valued at $24,371,000 after purchasing an additional 419,540 shares during the period. Institutional investors own 13.38% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Weiss Ratings raised shares of ICL Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of ICL Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Barclays boosted their target price on shares of ICL Group from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Monday, May 18th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, ICL Group presently has an average rating of “Hold” and a consensus target price of $6.60.

ICL Group Stock Up 0.1%

ICL opened at $5.61 on Monday. The business has a 50 day moving average of $5.79 and a 200-day moving average of $5.50. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 28.03 and a beta of 0.92. The company has a current ratio of 1.38, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. ICL Group Ltd. has a 1-year low of $4.76 and a 1-year high of $7.35.

ICL Group (NYSE:ICL) last announced its earnings results on Wednesday, May 13th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. ICL Group had a net margin of 3.52% and a return on equity of 7.84%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.92 billion. As a group, sell-side analysts anticipate that ICL Group Ltd. will post 0.43 earnings per share for the current year.

ICL Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Tuesday, June 2nd will be given a dividend of $0.0535 per share. This is an increase from ICL Group’s previous quarterly dividend of $0.05. This represents a $0.21 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, June 2nd. ICL Group’s dividend payout ratio (DPR) is currently 80.00%.

About ICL Group

ICL Group is a global specialty minerals and chemicals company headquartered in Tel Aviv, Israel. Established in its current form through the consolidation of Israeli government–owned chemical operations, ICL has evolved into a publicly traded entity on the New York Stock Exchange (NYSE: ICL). The company’s origins date back to state-driven mineral extraction in the Negev and the Dead Sea region, and over the decades it has grown through strategic acquisitions, technological innovation and a gradual privatization process completed in the early 2010s.

ICL’s core operations are organized into three principal business areas.