Frontier Capital Management Co Upped Its Holding in Universal Electronics (UEIC) by $11.65 Million; Carderock Capital Management Has Raised Stake in Becton Dickinson & Co (BDX) by $1.82 Million as Valuation Declined

April 20, 2018 - By Vivian Park

Becton, Dickinson and Company (NYSE:BDX) Logo

Frontier Capital Management Co Llc increased its stake in Universal Electronics Inc. (UEIC) by 117.88% based on its latest 2017Q4 regulatory filing with the SEC. Frontier Capital Management Co Llc bought 247,853 shares as the company’s stock rose 5.42% while stock markets declined. The institutional investor held 458,119 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $21.65 million, up from 210,266 at the end of the previous reported quarter. Frontier Capital Management Co Llc who had been investing in Universal Electronics Inc. for a number of months, seems to be bullish on the $695.15 million market cap company. The stock decreased 0.40% or $0.2 during the last trading session, reaching $49.3. About 59,019 shares traded. Universal Electronics Inc. (NASDAQ:UEIC) has declined 24.89% since April 20, 2017 and is downtrending. It has underperformed by 36.44% the S&P500.

Carderock Capital Management Inc increased its stake in Becton Dickinson & Co (BDX) by 63.24% based on its latest 2017Q4 regulatory filing with the SEC. Carderock Capital Management Inc bought 8,494 shares as the company’s stock declined 1.94% with the market. The institutional investor held 21,926 shares of the health care company at the end of 2017Q4, valued at $4.69 million, up from 13,432 at the end of the previous reported quarter. Carderock Capital Management Inc who had been investing in Becton Dickinson & Co for a number of months, seems to be bullish on the $62.04B market cap company. The stock decreased 0.94% or $2.22 during the last trading session, reaching $233.02. About 548,694 shares traded. Becton, Dickinson and Company (NYSE:BDX) has risen 15.92% since April 20, 2017 and is uptrending. It has outperformed by 4.37% the S&P500.

Among 20 analysts covering Becton Dickinson (NYSE:BDX), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. Becton Dickinson had 53 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Friday, August 7 with “Sector Perform”. RBC Capital Markets maintained Becton, Dickinson and Company (NYSE:BDX) rating on Thursday, February 8. RBC Capital Markets has “Hold” rating and $235.0 target. On Friday, September 23 the stock rating was downgraded by Citigroup to “Sell”. The rating was maintained by Jefferies with “Buy” on Tuesday, September 26. The stock has “Buy” rating by Cowen & Co on Monday, July 10. The firm has “Buy” rating by Jefferies given on Friday, June 9. The firm earned “Buy” rating on Tuesday, August 22 by Jefferies. The rating was maintained by Cowen & Co with “Buy” on Wednesday, September 27. The rating was maintained by Piper Jaffray with “Buy” on Tuesday, February 6. Morgan Stanley maintained Becton, Dickinson and Company (NYSE:BDX) rating on Friday, November 3. Morgan Stanley has “Equal-Weight” rating and $245 target.

Since February 23, 2018, it had 0 insider buys, and 4 selling transactions for $2.59 million activity. Gallagher John E sold 5,355 shares worth $1.21M. $910,726 worth of Becton, Dickinson and Company (NYSE:BDX) was sold by Borzi James W. RING TIMOTHY M sold $38,416 worth of stock or 176 shares.

Investors sentiment increased to 1.55 in Q4 2017. Its up 0.62, from 0.93 in 2017Q3. It is positive, as 50 investors sold BDX shares while 294 reduced holdings. 147 funds opened positions while 386 raised stakes. 215.77 million shares or 9.23% more from 197.53 million shares in 2017Q3 were reported. Peak Asset Mngmt Ltd Liability Co invested in 40,250 shares or 3.15% of the stock. Stephens Inc Ar owns 7,926 shares. Nelson Roberts Inv Advisors Ltd Liability Corporation stated it has 0.01% of its portfolio in Becton, Dickinson and Company (NYSE:BDX). Perkins Coie Tru reported 0% of its portfolio in Becton, Dickinson and Company (NYSE:BDX). Mai Cap Mgmt has invested 0.02% in Becton, Dickinson and Company (NYSE:BDX). Nelson Van Denburg And Campbell Wealth Mngmt Gp Ltd Liability invested in 0.08% or 1,668 shares. Kistler holds 395 shares or 0.03% of its portfolio. Wesbanco State Bank Inc holds 0.02% or 1,526 shares. Foyston Gordon Payne reported 0.26% of its portfolio in Becton, Dickinson and Company (NYSE:BDX). 58,999 are owned by Cumberland Ltd. Cetera Advisors Limited Liability has 1,712 shares. Connors Investor Service invested in 0.77% or 24,891 shares. State Board Of Administration Of Florida Retirement Systems has 0.21% invested in Becton, Dickinson and Company (NYSE:BDX). Morgan Stanley owns 882,559 shares for 0.05% of their portfolio. Middleton Incorporated Ma reported 0.07% in Becton, Dickinson and Company (NYSE:BDX).

Carderock Capital Management Inc, which manages about $350.61M and $226.93M US Long portfolio, decreased its stake in Dr Pepper Snapple Group Inc (NYSE:DPS) by 7,517 shares to 21,636 shares, valued at $2.10M in 2017Q4, according to the filing. It also reduced its holding in Church & Dwight (NYSE:CHD) by 16,371 shares in the quarter, leaving it with 77,943 shares, and cut its stake in Nike Cl B (NYSE:NKE).

Among 6 analysts covering Universal Electronics Inc. (NASDAQ:UEIC), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Universal Electronics Inc. had 12 analyst reports since August 7, 2015 according to SRatingsIntel. B. Riley & Co upgraded Universal Electronics Inc. (NASDAQ:UEIC) on Monday, November 7 to “Buy” rating. B Riley maintained the shares of UEIC in report on Friday, August 7 with “Neutral” rating. The stock of Universal Electronics Inc. (NASDAQ:UEIC) has “Buy” rating given on Friday, February 17 by Lake Street. Lake Street initiated Universal Electronics Inc. (NASDAQ:UEIC) on Friday, August 19 with “Buy” rating. The company was maintained on Saturday, August 8 by B. Riley & Co. The rating was initiated by Sidoti with “Buy” on Friday, July 22. Piper Jaffray maintained Universal Electronics Inc. (NASDAQ:UEIC) on Friday, August 4 with “Buy” rating. Piper Jaffray maintained Universal Electronics Inc. (NASDAQ:UEIC) on Friday, February 23 with “Buy” rating. Sidoti downgraded Universal Electronics Inc. (NASDAQ:UEIC) on Thursday, March 10 to “Neutral” rating. The stock has “Hold” rating by Lake Street on Friday, May 5.

Investors sentiment is 0.98 in Q4 2017. Its the same as in 2017Q3. It has no change, as 8 investors sold UEIC shares while 44 reduced holdings. only 13 funds opened positions while 38 raised stakes. 11.66 million shares or 2.39% less from 11.94 million shares in 2017Q3 were reported. Wells Fargo And Mn stated it has 0% in Universal Electronics Inc. (NASDAQ:UEIC). Voya Inv Llc accumulated 536,295 shares or 0.05% of the stock. Comerica National Bank & Trust invested 0% in Universal Electronics Inc. (NASDAQ:UEIC). Eagle Asset Mngmt stated it has 0.65% of its portfolio in Universal Electronics Inc. (NASDAQ:UEIC). Savings Bank Of Ny Mellon Corporation has invested 0% in Universal Electronics Inc. (NASDAQ:UEIC). Stoneridge Investment Limited Liability Corp owns 9,367 shares. Barclays Pcl holds 0% in Universal Electronics Inc. (NASDAQ:UEIC) or 4,488 shares. State Of Tennessee Treasury Department reported 0% stake. Minnesota-based Thrivent Financial For Lutherans has invested 0% in Universal Electronics Inc. (NASDAQ:UEIC). 34,255 were reported by Rice Hall James And Lc. Assetmark holds 5 shares. Riverhead Capital Lc has invested 0% in Universal Electronics Inc. (NASDAQ:UEIC). Ameriprise Inc, a Minnesota-based fund reported 73,523 shares. Rmb Cap Management Limited Liability holds 0.09% or 71,782 shares in its portfolio. Aperio Limited Com, a California-based fund reported 4,831 shares.

Frontier Capital Management Co Llc, which manages about $13.68B US Long portfolio, decreased its stake in Alnylam Pharmaceuticals Inc (NASDAQ:ALNY) by 50,820 shares to 33,681 shares, valued at $4.28M in 2017Q4, according to the filing. It also reduced its holding in Ptc Therapeutics Inc. (NASDAQ:PTCT) by 142,044 shares in the quarter, leaving it with 105,205 shares, and cut its stake in Cadence Design Systems Inc. (NASDAQ:CDNS).

Universal Electronics Inc. (NASDAQ:UEIC) Institutional Positions Chart

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