Analog Devices (ADI) Shareholder State Of New Jersey Common Pension Fund D Has Lowered Its Holding; As Mccormick & Co (MKC) Share Price Rose, Davidson D A & Company Has Trimmed Position

February 20, 2018 - By Maria Brooks

State Of New Jersey Common Pension Fund D decreased its stake in Analog Devices Inc (ADI) by 19.46% based on its latest 2017Q3 regulatory filing with the SEC. State Of New Jersey Common Pension Fund D sold 145,000 shares as the company’s stock declined 1.50% while stock markets rallied. The institutional investor held 600,000 shares of the technology company at the end of 2017Q3, valued at $51.70M, down from 745,000 at the end of the previous reported quarter. State Of New Jersey Common Pension Fund D who had been investing in Analog Devices Inc for a number of months, seems to be less bullish one the $32.97B market cap company. The stock increased 2.76% or $2.38 during the last trading session, reaching $88.47. About 766,662 shares traded. Analog Devices, Inc. (NASDAQ:ADI) has risen 45.85% since February 20, 2017 and is uptrending. It has outperformed by 29.15% the S&P500.

Thomas Lenox Kempner decreased its stake in Mccormick & Co Inc (MKC) by 24.24% based on its latest 2017Q3 regulatory filing with the SEC. Davidson D A & Company sold 3,931 shares as the company’s stock rose 3.48% with the market. The hedge fund run by Thomas Lenox Kempner held 12,289 shares of the consumer non-durables company at the end of 2017Q3, valued at $1.26 million, down from 16,220 at the end of the previous reported quarter. Davidson D A & Company who had been investing in Mccormick & Co Inc for a number of months, seems to be less bullish one the $13.78 billion market cap company. The stock decreased 0.36% or $0.38 during the last trading session, reaching $105.12. About 102,667 shares traded. McCormick & Company, Incorporated (NYSE:MKC) has risen 5.12% since February 20, 2017 and is uptrending. It has underperformed by 11.58% the S&P500.

Since September 29, 2017, it had 0 insider purchases, and 5 selling transactions for $2.31 million activity. LITTLE PATRICIA A sold $678,962 worth of McCormick & Company, Incorporated (NYSE:MKC) on Monday, January 29. Shares for $296,050 were sold by HRABOWSKI FREEMAN A III on Friday, October 13. Shares for $497,500 were sold by MANGAN MICHAEL D on Monday, October 30.

Investors sentiment increased to 1.63 in Q3 2017. Its up 0.77, from 0.86 in 2017Q2. It increased, as 44 investors sold MKC shares while 151 reduced holdings. 87 funds opened positions while 230 raised stakes. 97.65 million shares or 9.97% more from 88.80 million shares in 2017Q2 were reported. Bessemer Group Incorporated Inc reported 55,927 shares. Assetmark stated it has 406 shares. Moreover, Stifel Fincl has 0.08% invested in McCormick & Company, Incorporated (NYSE:MKC) for 226,214 shares. Kings Point Cap Management invested in 0.01% or 595 shares. Moreover, Mckinley Carter Wealth has 0.51% invested in McCormick & Company, Incorporated (NYSE:MKC). Avalon Ltd Liability accumulated 0.27% or 82,628 shares. Moreover, Tradition Capital Management Ltd Llc has 0.1% invested in McCormick & Company, Incorporated (NYSE:MKC). Envestnet Asset Inc, a Illinois-based fund reported 19,886 shares. Global X Management reported 3,451 shares or 0.01% of all its holdings. Nomura Asset Co Limited reported 0.1% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC). Tompkins Financial has 865 shares. Commonwealth National Bank Of Aus has invested 0% in McCormick & Company, Incorporated (NYSE:MKC). Fjarde Ap holds 11,117 shares. 3,128 are held by Regentatlantic Lc. Moreover, Principal Gru has 0.03% invested in McCormick & Company, Incorporated (NYSE:MKC).

Davidson D A & Company, which manages about $9.65 billion and $5.10B US Long portfolio, upped its stake in Ishares Tr (AGG) by 79,121 shares to 787,483 shares, valued at $86.30M in 2017Q3, according to the filing. It also increased its holding in Guidewire Software Inc (NYSE:GWRE) by 4,244 shares in the quarter, for a total of 5,785 shares, and has risen its stake in S&P Global Inc.

Among 13 analysts covering McCormick & Company (NYSE:MKC), 4 have Buy rating, 1 Sell and 8 Hold. Therefore 31% are positive. McCormick & Company had 42 analyst reports since August 20, 2015 according to SRatingsIntel. Citigroup maintained the shares of MKC in report on Friday, October 2 with “Sell” rating. The firm has “Neutral” rating given on Wednesday, April 5 by JP Morgan. The rating was maintained by UBS on Friday, January 26 with “Neutral”. Jefferies maintained the shares of MKC in report on Monday, October 30 with “Buy” rating. On Thursday, February 18 the stock rating was downgraded by BB&T Capital to “Hold”. The firm earned “Sell” rating on Friday, January 19 by Deutsche Bank. The stock of McCormick & Company, Incorporated (NYSE:MKC) has “Outperform” rating given on Wednesday, March 30 by Bernstein. The stock has “Buy” rating by Credit Suisse on Tuesday, August 22. Deutsche Bank upgraded McCormick & Company, Incorporated (NYSE:MKC) on Thursday, January 7 to “Buy” rating. The rating was upgraded by Credit Suisse on Tuesday, October 25 to “Outperform”.

State Of New Jersey Common Pension Fund D, which manages about $25.04 billion US Long portfolio, upped its stake in Magellan Midstream Prtnrs Lp (NYSE:MMP) by 113,400 shares to 323,600 shares, valued at $23.00M in 2017Q3, according to the filing. It also increased its holding in Sunoco Lp (NYSE:SUN) by 62,300 shares in the quarter, for a total of 108,300 shares, and has risen its stake in Pfizer Inc (NYSE:PFE).

Since August 21, 2017, it had 0 insider purchases, and 22 sales for $18.98 million activity. Another trade for 6,396 shares valued at $539,439 was sold by Henderson Gregory N.. On Tuesday, October 24 CHAMPY JAMES sold $1.13 million worth of Analog Devices, Inc. (NASDAQ:ADI) or 12,500 shares. SEIF MARGARET K also sold $640,640 worth of Analog Devices, Inc. (NASDAQ:ADI) on Friday, January 5. SICCHITANO KENTON J sold $1.32 million worth of stock or 15,000 shares. $369,996 worth of stock was sold by Real Peter on Wednesday, August 30. STATA RAY also sold $911,300 worth of Analog Devices, Inc. (NASDAQ:ADI) shares.

Investors sentiment increased to 1.21 in 2017 Q3. Its up 0.07, from 1.14 in 2017Q2. It is positive, as 45 investors sold ADI shares while 232 reduced holdings. 100 funds opened positions while 234 raised stakes. 315.41 million shares or 0.53% more from 313.75 million shares in 2017Q2 were reported. Putnam Fl Invest Mngmt Com reported 0.28% in Analog Devices, Inc. (NASDAQ:ADI). Guggenheim Ltd Llc holds 0.2% or 973,179 shares in its portfolio. Signaturefd Lc has invested 0.16% in Analog Devices, Inc. (NASDAQ:ADI). Boston Common Asset Mgmt Lc holds 0.11% or 10,385 shares in its portfolio. Great West Life Assurance Can accumulated 287,844 shares. Sadoff Investment Limited Liability owns 282,123 shares for 2.17% of their portfolio. Forbes J M And Ltd Liability Partnership, a Massachusetts-based fund reported 3,482 shares. Jefferies Gp Limited owns 20,018 shares or 0.01% of their US portfolio. Lmr Partners Llp owns 6,480 shares or 0.06% of their US portfolio. Cetera Advsr Lc accumulated 20,722 shares. Rockefeller Svcs Incorporated accumulated 23 shares or 0% of the stock. Suntrust Banks invested in 48,700 shares or 0.02% of the stock. Barclays Public Ltd invested in 0.02% or 187,473 shares. Rafferty Asset Management Limited Liability Corporation holds 0.27% in Analog Devices, Inc. (NASDAQ:ADI) or 137,235 shares. 4,875 were accumulated by Hancock Holdings.

Among 31 analysts covering Analog Devices (NASDAQ:ADI), 19 have Buy rating, 0 Sell and 12 Hold. Therefore 61% are positive. Analog Devices had 117 analyst reports since July 22, 2015 according to SRatingsIntel. RBC Capital Markets maintained Analog Devices, Inc. (NASDAQ:ADI) on Friday, July 1 with “Outperform” rating. Stifel Nicolaus maintained the shares of ADI in report on Friday, January 15 with “Buy” rating. The stock of Analog Devices, Inc. (NASDAQ:ADI) earned “Outperform” rating by Oppenheimer on Wednesday, July 27. The stock of Analog Devices, Inc. (NASDAQ:ADI) earned “Sell” rating by Goldman Sachs on Thursday, June 2. The firm has “Buy” rating by KeyBanc Capital Markets given on Wednesday, August 30. M Partners maintained it with “Neutral” rating and $64 target in Wednesday, November 25 report. The company was downgraded on Tuesday, April 19 by Raymond James. The stock of Analog Devices, Inc. (NASDAQ:ADI) has “Buy” rating given on Monday, October 2 by RBC Capital Markets. The company was maintained on Monday, January 18 by RBC Capital Markets. On Thursday, August 20 the stock rating was downgraded by Nomura to “Reduce”.

Analysts await Analog Devices, Inc. (NASDAQ:ADI) to report earnings on February, 21. They expect $1.29 earnings per share, up 37.23% or $0.35 from last year’s $0.94 per share. ADI’s profit will be $480.74 million for 17.15 P/E if the $1.29 EPS becomes a reality. After $1.45 actual earnings per share reported by Analog Devices, Inc. for the previous quarter, Wall Street now forecasts -11.03% negative EPS growth.

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