As Medtronic Plc (MDT) Stock Rose, Holder Dubuque Bank & Trust Company Upped Position; Rhumbline Advisers Decreased Its Norfolk Southn Com (NSC) Position by $2.96 Million

February 18, 2018 - By Neil V. Hobbs

Dubuque Bank & Trust Company increased its stake in Medtronic Plc (MDT) by 9.68% based on its latest 2017Q3 regulatory filing with the SEC. Dubuque Bank & Trust Company bought 10,964 shares as the company’s stock rose 5.51% with the market. The institutional investor held 124,224 shares of the electromedical & electrotherapeutic apparatus company at the end of 2017Q3, valued at $9.66M, up from 113,260 at the end of the previous reported quarter. Dubuque Bank & Trust Company who had been investing in Medtronic Plc for a number of months, seems to be bullish on the $112.76 billion market cap company. The stock increased 0.45% or $0.37 during the last trading session, reaching $83.31. About 6.86M shares traded or 28.05% up from the average. Medtronic plc (NYSE:MDT) has risen 4.04% since February 18, 2017 and is uptrending. It has underperformed by 12.66% the S&P500.

Rhumbline Advisers decreased its stake in Norfolk Southn Corp Com (NSC) by 4.14% based on its latest 2017Q3 regulatory filing with the SEC. Rhumbline Advisers sold 22,458 shares as the company’s stock declined 7.75% while stock markets rallied. The institutional investor held 519,921 shares of the railroads company at the end of 2017Q3, valued at $68.75M, down from 542,379 at the end of the previous reported quarter. Rhumbline Advisers who had been investing in Norfolk Southn Corp Com for a number of months, seems to be less bullish one the $40.51B market cap company. The stock increased 0.18% or $0.26 during the last trading session, reaching $142.64. About 1.28M shares traded. Norfolk Southern Corporation (NYSE:NSC) has risen 34.32% since February 18, 2017 and is uptrending. It has outperformed by 17.62% the S&P500.

Dubuque Bank & Trust Company, which manages about $607.15 million US Long portfolio, decreased its stake in Stanley Black & Decker Inc (NYSE:SWK) by 16,278 shares to 236 shares, valued at $36,000 in 2017Q3, according to the filing. It also reduced its holding in Johnson Controls International by 12,653 shares in the quarter, leaving it with 62,620 shares, and cut its stake in Allergan Plc.

Among 28 analysts covering Medtronic (NYSE:MDT), 18 have Buy rating, 0 Sell and 10 Hold. Therefore 64% are positive. Medtronic had 79 analyst reports since August 10, 2015 according to SRatingsIntel. The company was maintained on Friday, September 22 by RBC Capital Markets. William Blair maintained the stock with “Outperform” rating in Thursday, July 6 report. As per Tuesday, January 3, the company rating was downgraded by JP Morgan. Morgan Stanley maintained it with “Equal-Weight” rating and $95 target in Monday, February 5 report. Needham maintained the stock with “Buy” rating in Friday, August 26 report. The stock of Medtronic plc (NYSE:MDT) has “Overweight” rating given on Wednesday, March 2 by Morgan Stanley. The firm earned “Buy” rating on Tuesday, November 21 by Needham. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, September 29. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, April 19. The firm earned “Neutral” rating on Wednesday, June 1 by BTIG Research.

Investors sentiment increased to 1.12 in Q3 2017. Its up 0.22, from 0.9 in 2017Q2. It improved, as 73 investors sold MDT shares while 392 reduced holdings. 109 funds opened positions while 414 raised stakes. 1.07 billion shares or 1.07% more from 1.06 billion shares in 2017Q2 were reported. 10,967 are owned by Horizon Invests Ltd Liability Company. Cipher Capital LP reported 0.5% of its portfolio in Medtronic plc (NYSE:MDT). Aureus Asset Mngmt Ltd Liability Corp reported 3,155 shares. Woodley Farra Manion Portfolio stated it has 0.44% of its portfolio in Medtronic plc (NYSE:MDT). Wellington Group Incorporated Llp holds 65.69M shares or 1.17% of its portfolio. Horrell Cap Mngmt has invested 0.03% in Medtronic plc (NYSE:MDT). Central National Bank & Trust Company reported 5,171 shares. Credit Agricole S A invested in 0.2% or 765,633 shares. Randolph Communications Inc holds 1.49% or 103,300 shares. Korea Investment holds 1.27 million shares. Hotchkis And Wiley Cap Management Llc reported 2.24 million shares stake. Gemmer Asset Management Llc accumulated 373 shares or 0.01% of the stock. Manchester Capital Mgmt Limited Liability Corporation reported 0% stake. Raymond James Assoc stated it has 0.17% in Medtronic plc (NYSE:MDT). Quantitative Invest Ltd Liability Corp accumulated 115,900 shares or 0.1% of the stock.

Among 30 analysts covering Norfolk Southern Corp. (NYSE:NSC), 7 have Buy rating, 5 Sell and 18 Hold. Therefore 23% are positive. Norfolk Southern Corp. had 93 analyst reports since July 28, 2015 according to SRatingsIntel. On Monday, November 2 the stock rating was downgraded by Macquarie Research to “Underperform”. The firm has “Neutral” rating by Atlantic Securities given on Thursday, August 11. As per Monday, April 25, the company rating was initiated by JP Morgan. The stock of Norfolk Southern Corporation (NYSE:NSC) earned “Underweight” rating by Morgan Stanley on Thursday, October 26. The stock of Norfolk Southern Corporation (NYSE:NSC) earned “Underperform” rating by RBC Capital Markets on Thursday, March 23. The stock of Norfolk Southern Corporation (NYSE:NSC) earned “Underweight” rating by Morgan Stanley on Thursday, January 25. Avondale upgraded Norfolk Southern Corporation (NYSE:NSC) on Thursday, January 28 to “Mkt Perform” rating. Susquehanna maintained it with “Buy” rating and $186.0 target in Tuesday, January 16 report. The stock of Norfolk Southern Corporation (NYSE:NSC) earned “Neutral” rating by Citigroup on Wednesday, April 6. The rating was maintained by Cowen & Co on Friday, August 11 with “Buy”.

Investors sentiment decreased to 0.83 in 2017 Q3. Its down 0.04, from 0.87 in 2017Q2. It fall, as 44 investors sold NSC shares while 341 reduced holdings. 79 funds opened positions while 239 raised stakes. 201.79 million shares or 1.34% more from 199.13 million shares in 2017Q2 were reported. The North Carolina-based Parsec Fincl Mgmt has invested 0.03% in Norfolk Southern Corporation (NYSE:NSC). Alphamark Advsrs Limited Liability Corp holds 875 shares. Regent Invest Ltd Liability Corporation invested 0.19% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Segall Bryant & Hamill Ltd Liability stated it has 2,605 shares or 0.01% of all its holdings. Baystate Wealth Management Ltd owns 472 shares. Janney Mgmt Limited Liability Company has 0.01% invested in Norfolk Southern Corporation (NYSE:NSC) for 1,933 shares. Cornerstone Advsrs stated it has 0.12% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Washington Trust reported 0.03% stake. Maryland Cap Mngmt has invested 0.05% in Norfolk Southern Corporation (NYSE:NSC). Factory Mutual Insurance Com holds 0.11% or 72,800 shares. Teacher Retirement System Of Texas has 0.08% invested in Norfolk Southern Corporation (NYSE:NSC) for 100,750 shares. Ahl Prtnrs Llp holds 59,905 shares or 0.14% of its portfolio. Dupont Capital Management holds 1,337 shares or 0% of its portfolio. Wills reported 8,405 shares stake. Da Davidson &, a Montana-based fund reported 19,763 shares.

Rhumbline Advisers, which manages about $34.12B and $45.99B US Long portfolio, upped its stake in Idex Corp Com (NYSE:IEX) by 20,455 shares to 177,686 shares, valued at $21.58M in 2017Q3, according to the filing. It also increased its holding in Vistra Energy Corp by 19,142 shares in the quarter, for a total of 231,796 shares, and has risen its stake in Ilg Inc.

Since August 15, 2017, it had 0 insider purchases, and 5 sales for $2.36 million activity. $474,558 worth of stock was sold by Wheeler Michael Joseph on Thursday, October 26. 24,407 shares were sold by Squires James A, worth $2.93 million on Tuesday, August 15.

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