Highfields Capital Management LP Increases Stake in Michaels Cos (MIK); Tirschwell & Loewy Has Boosted Stake in Danaher Corp. (DHR)

November 15, 2017 - By Peter Erickson

Tirschwell & Loewy Inc increased its stake in Danaher Corp. (DHR) by 2.06% based on its latest 2017Q2 regulatory filing with the SEC. Tirschwell & Loewy Inc bought 4,904 shares as the company’s stock declined 2.27% while stock markets rallied. The institutional investor held 242,435 shares of the industrial machinery and components company at the end of 2017Q2, valued at $20.46M, up from 237,531 at the end of the previous reported quarter. Tirschwell & Loewy Inc who had been investing in Danaher Corp. for a number of months, seems to be bullish on the $64.82B market cap company. The stock decreased 0.11% or $0.1 during the last trading session, reaching $93.19. About shares traded. Danaher Corporation (NYSE:DHR) has risen 10.62% since November 15, 2016 and is uptrending. It has underperformed by 6.08% the S&P500.

Jonathon Jacobson increased its stake in Michaels Cos Inc (MIK) by 25.02% based on its latest 2017Q2 regulatory filing with the SEC. Highfields Capital Management Lp bought 3.55 million shares as the company’s stock declined 4.62% while stock markets rallied. The hedge fund run by Jonathon Jacobson held 17.71M shares of the consumer services company at the end of 2017Q2, valued at $328.03M, up from 14.17 million at the end of the previous reported quarter. Highfields Capital Management Lp who had been investing in Michaels Cos Inc for a number of months, seems to be bullish on the $3.30 billion market cap company. The stock decreased 1.94% or $0.36 during the last trading session, reaching $18.21. About shares traded. Michaels Companies Inc (NASDAQ:MIK) has declined 29.62% since November 15, 2016 and is downtrending. It has underperformed by 46.32% the S&P500.

Among 18 analysts covering Danaher Corporation (NYSE:DHR), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. Danaher Corporation had 69 analyst reports since July 28, 2015 according to SRatingsIntel. The company was maintained on Thursday, October 19 by RBC Capital Markets. Goldman Sachs downgraded the stock to “Neutral” rating in Tuesday, December 8 report. As per Friday, October 23, the company rating was maintained by RBC Capital Markets. The company was maintained on Tuesday, July 28 by Argus Research. The stock of Danaher Corporation (NYSE:DHR) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, January 27. Citigroup maintained it with “Neutral” rating and $84 target in Wednesday, July 27 report. The rating was initiated by Leerink Swann with “Outperform” on Wednesday, September 30. The stock has “Neutral” rating by Citigroup on Tuesday, April 19. The firm has “Buy” rating given on Friday, October 6 by Robert W. Baird. As per Thursday, October 1, the company rating was maintained by Stifel Nicolaus.

Since May 23, 2017, it had 0 buys, and 1 insider sale for $910,212 activity.

Tirschwell & Loewy Inc, which manages about $679.14M and $637.22 million US Long portfolio, decreased its stake in Biogeninc. (NASDAQ:BIIB) by 1,876 shares to 74,704 shares, valued at $20.27 million in 2017Q2, according to the filing. It also reduced its holding in Idex Laboratories (NASDAQ:IDXX) by 7,735 shares in the quarter, leaving it with 154,000 shares, and cut its stake in Occidental Pete Corp Cal (NYSE:OXY).

Investors sentiment increased to 1.41 in 2017 Q2. Its up 0.35, from 1.06 in 2017Q1. It improved, as 42 investors sold DHR shares while 311 reduced holdings. 74 funds opened positions while 423 raised stakes. 508.92 million shares or 0.25% less from 510.21 million shares in 2017Q1 were reported. 72,555 are held by Moreno Evelyn V. Badgley Phelps & Bell invested in 139,983 shares or 0.92% of the stock. Airain, a Guernsey-based fund reported 132,109 shares. Moreover, Holderness Investments Co has 0.17% invested in Danaher Corporation (NYSE:DHR). National Registered Advisor accumulated 11,060 shares. Klingenstein Fields Ltd Co has invested 0.01% in Danaher Corporation (NYSE:DHR). Motco has 2,011 shares for 0.02% of their portfolio. North Point Portfolio Managers Corp Oh invested in 3% or 204,083 shares. Palisade Asset Mgmt Limited Co accumulated 0.21% or 12,490 shares. Duff & Phelps Invest Company holds 0.01% or 6,845 shares in its portfolio. Mirae Asset Co has invested 0.05% of its portfolio in Danaher Corporation (NYSE:DHR). Gradient Invests Ltd Liability has 55 shares. Van Hulzen Asset Mgmt Limited Liability Corp holds 0.44% or 13,204 shares in its portfolio. Cibc Asset Management Incorporated, Ontario – Canada-based fund reported 60,592 shares. Creative Planning accumulated 23,518 shares or 0.01% of the stock.

More notable recent Danaher Corporation (NYSE:DHR) news were published by: Investorplace.com which released: “Lackluster Earnings Visibility Hurts Danaher Corporation (DHR) Rating” on October 24, 2017, also Investorplace.com with their article: “Shares of Danaher Corporation (DHR) Raised to Buy From a Hold” published on November 07, 2017, Investorplace.com published: “Sales Growth Penalizes Danaher Corporation (DHR) Rating” on October 31, 2017. More interesting news about Danaher Corporation (NYSE:DHR) were released by: Investorplace.com and their article: “Earnings Momentum Hampers Danaher Corporation (DHR) Rating” published on October 17, 2017 as well as Investorplace.com‘s news article titled: “Analytics for Earnings Momentum Drive Upgrade of Danaher Corporation (DHR) to Buy” with publication date: November 14, 2017.

Highfields Capital Management Lp, which manages about $22.71B and $13.50 billion US Long portfolio, decreased its stake in Marriott Intl Inc New (NASDAQ:MAR) by 263,031 shares to 8.39 million shares, valued at $842.08M in 2017Q2, according to the filing. It also reduced its holding in Alphabet Inc by 142,549 shares in the quarter, leaving it with 157,813 shares, and cut its stake in Northern Dynasty Minerals Lt (NYSEMKT:NAK).

Among 14 analysts covering Michaels Companies Inc (NASDAQ:MIK), 8 have Buy rating, 2 Sell and 4 Hold. Therefore 57% are positive. Michaels Companies Inc had 28 analyst reports since August 25, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, May 6 by Goldman Sachs. The rating was maintained by Telsey Advisory Group on Wednesday, December 7 with “Market Perform”. The stock of Michaels Companies Inc (NASDAQ:MIK) has “Neutral” rating given on Friday, December 4 by Macquarie Research. Raymond James downgraded Michaels Companies Inc (NASDAQ:MIK) on Wednesday, December 7 to “Market Perform” rating. Goldman Sachs maintained Michaels Companies Inc (NASDAQ:MIK) rating on Friday, March 18. Goldman Sachs has “Buy” rating and $30 target. The company was maintained on Monday, June 12 by Morgan Stanley. As per Tuesday, August 25, the company rating was maintained by Suntrust Robinson. The firm has “Overweight” rating given on Tuesday, January 17 by Morgan Stanley. On Monday, July 24 the stock rating was upgraded by J.P. Morgan to “Buy”. The firm has “Overweight” rating given on Monday, July 24 by JP Morgan.

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