SFE Investment Counsel Buys IBM Stock Worth $10.9M

SFE Investment Counsel has invested in International Business Machines Corporation (IBM) by purchasing 38,650 shares of its stock. The value of this investment is approximately $10,869,000. This new position accounts for about 1.5% of SFE Investment Counsel's holdings.

The company has a market capitalization of $220.20 billion and a beta of 0.70. IBM has reported revenue of $17.16 billion in the last quarter, up 1.1% from the same period last year.

Sixteen investment analysts have given IBM a 'Buy' rating, while eleven have given it a 'Hold' rating and one analyst has given it a 'Sell' rating. The consensus price target is $265.90.