Trust Co. of Toledo NA OH Increases Stake in Salesforce Inc. $CRM

Trust Co. of Toledo NA OH lifted its stake in shares of Salesforce Inc. (NYSE:CRM) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,997 shares of the CRM provider’s stock after acquiring an additional 70 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Salesforce were worth $4,090,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CRM. KFA Private Wealth Group LLC increased its holdings in Salesforce by 4.3% during the 2nd quarter. KFA Private Wealth Group LLC now owns 1,324 shares of the CRM provider’s stock worth $361,000 after purchasing an additional 55 shares during the period. Williams & Novak LLC purchased a new stake in shares of Salesforce during the second quarter worth approximately $207,000. Aberdeen Group plc increased its stake in shares of Salesforce by 6.9% during the second quarter. Aberdeen Group plc now owns 1,108,492 shares of the CRM provider’s stock worth $301,898,000 after buying an additional 72,010 shares during the period. Pinnacle West Asset Management Inc. increased its stake in shares of Salesforce by 4.8% during the second quarter. Pinnacle West Asset Management Inc. now owns 1,205 shares of the CRM provider’s stock worth $329,000 after buying an additional 55 shares during the period. Finally, Agate Pass Investment Management LLC raised its holdings in shares of Salesforce by 28.4% in the 2nd quarter. Agate Pass Investment Management LLC now owns 11,022 shares of the CRM provider’s stock valued at $3,006,000 after purchasing an additional 2,437 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CRM. Piper Sandler decreased their price objective on shares of Salesforce from $335.00 to $315.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. JPMorgan Chase & Co. cut their target price on Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Barclays cut their price objective on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. Sanford C. Bernstein cut their price target on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research note on Thursday, September 4th. Finally, KeyCorp cut their price target on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. Twenty-six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $331.89.

Salesforce Price Performance

Shares of NYSE:CRM opened at $242.11 on Friday. The company has a 50-day simple moving average of $244.68 and a 200-day simple moving average of $258.93. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $230.49 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 2.12 and a beta of 1.19.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were given a dividend of $0.416 per share. The ex-dividend date was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce’s dividend payout ratio is presently 24.13%.

Insiders Place Their Bets

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $248.40, for a total transaction of $558,900.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,958,834,236.40. This represents a 0.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Blair Kirk purchased 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of the acquisition, the director directly owned 3,824 shares of the company’s stock, valued at $973,819.84. This represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 78,750 shares of company stock valued at $19,634,805. 3.00% of the stock is owned by insiders.

Salesforce Company Profile

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.