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Andrew Drexler, Vice President and Controller at Kimberly-Clark Corp (NYSE:KMB), recently sold shares worth approximately $1.53 million. The sale, which took place on February 28, involved 10,838 shares at a price of $141.00 each. The transaction occurred as KMB trades near its 52-week high of $149.31, with InvestingPro data indicating the stock is currently in overbought territory. Following this transaction, Drexler retains ownership of 7,720 shares in the company.
In addition to the sale, Drexler acquired 10,838 shares through a stock option exercise at a price of $132.63 per share, with a total value of approximately $1.44 million. The transactions reflect Drexler’s ongoing management of his equity position within the company.
In other recent news, Kimberly-Clark Corporation reported its fourth-quarter 2024 earnings, with results showing a slight miss on earnings per share (EPS) but an excess in revenue expectations. The company’s EPS was $1.50, narrowly missing the projected $1.51, while revenue reached $4.93 billion, surpassing the anticipated $4.86 billion. The company highlighted productivity savings of 5.9% for the year, alongside a strategic reorganization into three core segments as part of its "Power and Care" transformation strategy. Looking ahead, Kimberly-Clark anticipates high single-digit profit growth on a constant currency basis for 2025, driven by volume and mix with flat pricing. Analysts from Morgan Stanley (NYSE:MS) and TD Cowen noted the company’s strong market share momentum and robust productivity savings. Additionally, the company remains focused on maintaining growth and managing expenses effectively, despite potential economic challenges in Latin America and Southeast Asia. The company’s management expressed confidence in their plans to drive innovation and growth, emphasizing ongoing transformation efforts.
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