As Danaher Del (DHR) Market Valuation Declined, Cue Financial Group Has Cut Stake; Johnson Investment Counsel Cut Its Zoetis (ZTS) Holding by $3.17 Million

January 17, 2018 - By Darrin Black

Cue Financial Group Inc decreased its stake in Danaher Corp Del (DHR) by 14.31% based on its latest 2017Q3 regulatory filing with the SEC. Cue Financial Group Inc sold 3,660 shares as the company’s stock declined 2.27% while stock markets rallied. The institutional investor held 21,923 shares of the industrial machinery and components company at the end of 2017Q3, valued at $2.14 million, down from 25,583 at the end of the previous reported quarter. Cue Financial Group Inc who had been investing in Danaher Corp Del for a number of months, seems to be less bullish one the $69.44 billion market cap company. The stock increased 0.36% or $0.36 during the last trading session, reaching $99.83. About 954,864 shares traded. Danaher Corporation (NYSE:DHR) has risen 10.62% since January 17, 2017 and is uptrending. It has underperformed by 6.08% the S&P500.

Johnson Investment Counsel Inc decreased its stake in Zoetis Inc. (ZTS) by 6.47% based on its latest 2017Q3 regulatory filing with the SEC. Johnson Investment Counsel Inc sold 50,317 shares as the company’s stock rose 14.85% with the market. The institutional investor held 727,210 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $46.37M, down from 777,527 at the end of the previous reported quarter. Johnson Investment Counsel Inc who had been investing in Zoetis Inc. for a number of months, seems to be less bullish one the $37.29B market cap company. The stock increased 1.30% or $0.98 during the last trading session, reaching $76.52. About 926,164 shares traded. Zoetis Inc. (NYSE:ZTS) has risen 29.89% since January 17, 2017 and is uptrending. It has outperformed by 13.19% the S&P500.

Johnson Investment Counsel Inc, which manages about $8.19B and $3.78 billion US Long portfolio, upped its stake in Standard & Poor’s Depository Rece (SPY) by 1,597 shares to 131,543 shares, valued at $33.05 million in 2017Q3, according to the filing. It also increased its holding in Ingredion Incorporated (NYSE:INGR) by 131,294 shares in the quarter, for a total of 137,738 shares, and has risen its stake in Lockheed Martin Corporation (NYSE:LMT).

Among 21 analysts covering Zoetis Inc (NYSE:ZTS), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 76% are positive. Zoetis Inc had 67 analyst reports since July 24, 2015 according to SRatingsIntel. Jefferies maintained Zoetis Inc. (NYSE:ZTS) rating on Friday, July 14. Jefferies has “Buy” rating and $7400 target. The stock has “Buy” rating by Zacks on Thursday, September 17. On Friday, June 16 the stock rating was maintained by Jefferies with “Buy”. Barclays Capital maintained Zoetis Inc. (NYSE:ZTS) on Thursday, August 4 with “Equal-Weight” rating. Piper Jaffray maintained it with “Buy” rating and $6500 target in Friday, July 14 report. The company was initiated on Friday, May 26 by C.L. King. Piper Jaffray reinitiated the stock with “Overweight” rating in Thursday, December 15 report. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, November 3 report. On Wednesday, September 6 the stock rating was maintained by Cantor Fitzgerald with “Buy”. The rating was maintained by Cowen & Co with “Buy” on Thursday, August 24.

Analysts await Zoetis Inc. (NYSE:ZTS) to report earnings on February, 15. They expect $0.66 earnings per share, up 40.43% or $0.19 from last year’s $0.47 per share. ZTS’s profit will be $321.61 million for 28.98 P/E if the $0.66 EPS becomes a reality. After $0.65 actual earnings per share reported by Zoetis Inc. for the previous quarter, Wall Street now forecasts 1.54% EPS growth.

Investors sentiment increased to 1.1 in 2017 Q3. Its up 0.06, from 1.04 in 2017Q2. It is positive, as 41 investors sold ZTS shares while 233 reduced holdings. 62 funds opened positions while 240 raised stakes. 440.74 million shares or 0.80% less from 444.27 million shares in 2017Q2 were reported. Harvey Invest Communications Limited Liability Corp holds 0.66% or 52,661 shares. Amp Capital Ltd has 272,302 shares. Blackrock invested in 37.09M shares. Calamos Advsrs Ltd Company invested in 0.09% or 186,585 shares. Us Bank & Trust De holds 0.02% or 112,620 shares. Greystone Managed owns 113,570 shares for 0.32% of their portfolio. Eastern Fincl Bank reported 0.03% in Zoetis Inc. (NYSE:ZTS). Commerzbank Aktiengesellschaft Fi stated it has 4,073 shares or 0% of all its holdings. Artemis Investment Mngmt Llp has 0.78% invested in Zoetis Inc. (NYSE:ZTS). Public Employees Retirement Association Of Colorado accumulated 852,232 shares or 0.39% of the stock. Alexandria Capital Limited Liability Co holds 186 shares. Cadence Capital Mngmt Ltd Liability Com reported 35,081 shares or 0.14% of all its holdings. Train Babcock Limited Company owns 77,915 shares for 2.77% of their portfolio. First Heartland Consultants reported 4,129 shares or 0.06% of all its holdings. Bradley Foster Sargent Incorporated Ct holds 293,691 shares.

Cue Financial Group Inc, which manages about $333.03M and $144.00M US Long portfolio, upped its stake in Alps Etf Tr (IDOG) by 16,500 shares to 24,500 shares, valued at $683,000 in 2017Q3, according to the filing. It also increased its holding in Sherwin Williams Co (NYSE:SHW) by 1,259 shares in the quarter, for a total of 3,350 shares, and has risen its stake in Powershares Etf Trust (PNQI).

Since August 31, 2017, it had 0 buys, and 4 insider sales for $13.63 million activity. $8.03 million worth of Danaher Corporation (NYSE:DHR) was sold by COMAS DANIEL L. Shares for $1.03M were sold by LUTZ ROBERT S on Monday, October 23. EHRLICH DONALD J had sold 10,578 shares worth $960,736 on Tuesday, October 24.

Analysts await Danaher Corporation (NYSE:DHR) to report earnings on January, 30. They expect $1.15 EPS, up 9.52% or $0.10 from last year’s $1.05 per share. DHR’s profit will be $799.94 million for 21.70 P/E if the $1.15 EPS becomes a reality. After $1.00 actual EPS reported by Danaher Corporation for the previous quarter, Wall Street now forecasts 15.00% EPS growth.

Among 19 analysts covering Danaher Corporation (NYSE:DHR), 14 have Buy rating, 0 Sell and 5 Hold. Therefore 74% are positive. Danaher Corporation had 75 analyst reports since July 28, 2015 according to SRatingsIntel. The company was maintained on Tuesday, April 19 by Citigroup. The firm earned “Overweight” rating on Friday, October 23 by Barclays Capital. On Thursday, August 10 the stock rating was maintained by Stifel Nicolaus with “Buy”. As per Monday, April 18, the company rating was maintained by Barclays Capital. The firm earned “Buy” rating on Tuesday, July 28 by Argus Research. The rating was initiated by Sterne Agee CRT on Wednesday, September 9 with “Neutral”. The stock of Danaher Corporation (NYSE:DHR) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, September 9. Jefferies maintained Danaher Corporation (NYSE:DHR) rating on Thursday, December 14. Jefferies has “Buy” rating and $108.0 target. The company was maintained on Friday, October 20 by Credit Suisse. The company was maintained on Friday, December 15 by Stifel Nicolaus.

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