Lexmark International CFO Sells $340,240 in Stock (LXK)

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Lexmark International (NYSE:LXK) CFO John W. Gamble, Jr. sold 8,000 shares of the company’s stock on the open market in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $42.53, for a total value of $340,240.00. Following the transaction, the chief financial officer now directly owns 122,768 shares of the company’s stock, valued at approximately $5,221,323. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

LXK has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Lexmark International in a research note on Friday, April 25th. They now have a $44.00 price target on the stock. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of Lexmark International in a research note on Wednesday, April 23rd. They now have a $36.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $32.43.

Lexmark International (NYSE:LXK) traded up 0.99% during mid-day trading on Wednesday, hitting $43.02. The stock had a trading volume of 476,642 shares. Lexmark International has a one year low of $29.37 and a one year high of $47.98. The stock has a 50-day moving average of $44.2 and a 200-day moving average of $39.79. The company has a market cap of $2.679 billion and a price-to-earnings ratio of 10.84.

Lexmark International (NYSE:LXK) last released its earnings data on Tuesday, April 22nd. The company reported $0.92 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.87 by $0.05. The company had revenue of $877.70 million for the quarter, compared to the consensus estimate of $855.80 million. During the same quarter last year, the company posted $0.88 earnings per share. Lexmark International’s revenue was down .7% compared to the same quarter last year. Analysts expect that Lexmark International will post $3.93 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Wednesday, May 28th. This is a boost from Lexmark International’s previous quarterly dividend of $0.30.

Lexmark International, Inc (NYSE:LXK) is a developer, manufacturer and supplier of printing, imaging, device management, managed print services, document workflow, and also provides business process and content management solutions.

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