Ipg Photonics (IPGP) Holder Harding Loevner LP Has Lowered Stake; North American Management Upped Holding in Merck & Co (MRK)

January 14, 2018 - By whatsonthorold

Harding Loevner Lp decreased its stake in Ipg Photonics Corp (IPGP) by 39.7% based on its latest 2017Q3 regulatory filing with the SEC. Harding Loevner Lp sold 601,000 shares as the company’s stock rose 13.78% with the market. The hedge fund held 913,041 shares of the semiconductors company at the end of 2017Q3, valued at $168.97 million, down from 1.51 million at the end of the previous reported quarter. Harding Loevner Lp who had been investing in Ipg Photonics Corp for a number of months, seems to be less bullish one the $13.85B market cap company. The stock decreased 0.02% or $0.06 during the last trading session, reaching $258.27. About 535,564 shares traded. IPG Photonics Corporation (NASDAQ:IPGP) has risen 67.64% since January 14, 2017 and is uptrending. It has outperformed by 50.94% the S&P500.

North American Management Corp increased its stake in Merck & Co Inc (MRK) by 3.22% based on its latest 2017Q3 regulatory filing with the SEC. North American Management Corp bought 4,859 shares as the company’s stock declined 2.46% while stock markets rallied. The institutional investor held 155,762 shares of the health care company at the end of 2017Q3, valued at $9.97 million, up from 150,903 at the end of the previous reported quarter. North American Management Corp who had been investing in Merck & Co Inc for a number of months, seems to be bullish on the $159.82 billion market cap company. The stock increased 1.84% or $1.06 during the last trading session, reaching $58.66. About 12.34M shares traded or 0.58% up from the average. Merck & Co., Inc. (NYSE:MRK) has risen 16.86% since January 14, 2017 and is uptrending. It has outperformed by 0.16% the S&P500.

North American Management Corp, which manages about $1.36B and $634.70M US Long portfolio, decreased its stake in Baxter Intl Inc (NYSE:BAX) by 40,398 shares to 62,322 shares, valued at $3.91M in 2017Q3, according to the filing. It also reduced its holding in Xylem Inc (NYSE:XYL) by 6,350 shares in the quarter, leaving it with 18,600 shares, and cut its stake in Microchip Technology Inc (NASDAQ:MCHP).

Among 23 analysts covering Merck & Co. Inc. (NYSE:MRK), 15 have Buy rating, 0 Sell and 8 Hold. Therefore 65% are positive. Merck & Co. Inc. had 71 analyst reports since August 13, 2015 according to SRatingsIntel. The stock has “Buy” rating by BMO Capital Markets on Tuesday, June 6. On Monday, July 18 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. As per Friday, January 13, the company rating was initiated by Bryan Garnier & Cie. Jefferies maintained the stock with “Sell” rating in Monday, July 17 report. Piper Jaffray maintained the shares of MRK in report on Thursday, October 26 with “Buy” rating. The stock of Merck & Co., Inc. (NYSE:MRK) has “Overweight” rating given on Tuesday, December 1 by Barclays Capital. As per Friday, July 28, the company rating was maintained by Piper Jaffray. The stock of Merck & Co., Inc. (NYSE:MRK) earned “Hold” rating by Jefferies on Thursday, July 14. The firm earned “Hold” rating on Tuesday, October 31 by Jefferies. The company was maintained on Friday, August 4 by BMO Capital Markets.

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.01, from 1.07 in 2017Q2. It turned negative, as 46 investors sold MRK shares while 619 reduced holdings. 106 funds opened positions while 598 raised stakes. 1.96 billion shares or 0.47% more from 1.95 billion shares in 2017Q2 were reported. Marco Invest Management Ltd reported 88,870 shares. Columbia Asset Mgmt invested in 154,989 shares. Halsey Associate Ct invested 0.07% of its portfolio in Merck & Co., Inc. (NYSE:MRK). Westfield Capital Mgmt Com Limited Partnership has 12,159 shares. Fayerweather Charles holds 0.45% or 5,300 shares. Stratos Wealth Prtn has invested 0.19% of its portfolio in Merck & Co., Inc. (NYSE:MRK). Raymond James Advsr owns 1.11M shares for 0.45% of their portfolio. Stelac Advisory Limited Liability has invested 0.03% in Merck & Co., Inc. (NYSE:MRK). Estabrook Capital Mngmt holds 1.49% or 149,455 shares in its portfolio. 67,753 are held by Fishman Jay A Limited Mi. Huber Capital Limited Com stated it has 1.52% of its portfolio in Merck & Co., Inc. (NYSE:MRK). Architects Inc has invested 0.08% of its portfolio in Merck & Co., Inc. (NYSE:MRK). Old National State Bank In has invested 0.31% in Merck & Co., Inc. (NYSE:MRK). Albion Financial Group Incorporated Ut invested 0.66% in Merck & Co., Inc. (NYSE:MRK). Carret Asset Mgmt Limited Liability stated it has 79,258 shares.

Harding Loevner Lp, which manages about $36.30B and $17.58 billion US Long portfolio, upped its stake in Banco Santander Chile New (NYSE:BSAC) by 68,850 shares to 6.30M shares, valued at $187.09 million in 2017Q3, according to the filing. It also increased its holding in Companhia Brasileira De Dist (NYSE:CBD) by 47,850 shares in the quarter, for a total of 6.47 million shares, and has risen its stake in Bancolombia S A (NYSE:CIB).

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.24, from 1.26 in 2017Q2. It fall, as 30 investors sold IPGP shares while 137 reduced holdings. 73 funds opened positions while 98 raised stakes. 30.67 million shares or 0.23% more from 30.60 million shares in 2017Q2 were reported. Oakbrook has invested 0.03% in IPG Photonics Corporation (NASDAQ:IPGP). Utd Serv Automobile Association accumulated 21,000 shares. Vident Inv Advisory holds 1.29% or 128,462 shares. Robecosam Ag stated it has 2.19% in IPG Photonics Corporation (NASDAQ:IPGP). Pnc Services Gp holds 0% or 4,847 shares. Motley Fool Wealth Management Limited Liability Corporation has 3.09% invested in IPG Photonics Corporation (NASDAQ:IPGP) for 195,839 shares. Brown Capital Management Ltd Company invested in 3,821 shares. Fuller & Thaler Asset Mgmt, a California-based fund reported 16,300 shares. Riverhead Capital Mgmt Llc has 0.05% invested in IPG Photonics Corporation (NASDAQ:IPGP) for 6,252 shares. Intrust State Bank Na stated it has 0.27% in IPG Photonics Corporation (NASDAQ:IPGP). 4,629 were reported by Alps Advsr Incorporated. Ngam Advsrs Limited Partnership has invested 0.13% in IPG Photonics Corporation (NASDAQ:IPGP). Los Angeles Cap And Equity Research Incorporated invested in 2,641 shares. Garrison Fin Corp stated it has 20,740 shares. Mai Mngmt owns 6,885 shares.

Analysts await IPG Photonics Corporation (NASDAQ:IPGP) to report earnings on February, 13. They expect $1.70 earnings per share, up 22.30% or $0.31 from last year’s $1.39 per share. IPGP’s profit will be $91.14M for 37.98 P/E if the $1.70 EPS becomes a reality. After $2.11 actual earnings per share reported by IPG Photonics Corporation for the previous quarter, Wall Street now forecasts -19.43% negative EPS growth.

Among 12 analysts covering IPG Photonics (NASDAQ:IPGP), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. IPG Photonics had 31 analyst reports since September 15, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, October 13 by Needham. As per Friday, April 29, the company rating was downgraded by CLSA. The rating was initiated by Canaccord Genuity with “Hold” on Tuesday, September 15. The firm earned “Buy” rating on Wednesday, June 29 by Canaccord Genuity. The rating was initiated by FBR Capital with “Outperform” on Wednesday, November 11. The rating was maintained by Benchmark on Wednesday, August 2 with “Buy”. The stock has “Hold” rating by Canaccord Genuity on Tuesday, July 18. On Friday, April 15 the stock rating was initiated by Raymond James with “Market Perform”. The rating was downgraded by Dougherty & Company to “Neutral” on Thursday, April 28. The stock has “Buy” rating by Needham on Tuesday, June 20.

Since August 3, 2017, it had 0 buys, and 7 sales for $13.09 million activity. Ovtchinnikov Alexander sold 12,000 shares worth $1.92 million. Another trade for 10,000 shares valued at $1.63M was sold by Mammen Timothy PV. 9,500 shares were sold by Shcherbakov Eugene A, worth $1.89 million. 11,750 shares were sold by Lopresti Angelo P, worth $1.92M.

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