Artisan Partners Limited Partnership Has Lowered Its Becton Dickinson & Co (BDX) Holding by $21.53 Million as Market Valuation Rose; Wendell David Associates Holding in Watsco (WSO) Has Boosted by $838,810 as Share Price Declined

February 15, 2018 - By Kurt Siggers

Wendell David Associates Inc increased its stake in Watsco (WSO) by 41.01% based on its latest 2017Q3 regulatory filing with the SEC. Wendell David Associates Inc bought 5,210 shares as the company’s stock declined 7.78% while stock markets rallied. The institutional investor held 17,915 shares of the consumer durables company at the end of 2017Q3, valued at $2.89M, up from 12,705 at the end of the previous reported quarter. Wendell David Associates Inc who had been investing in Watsco for a number of months, seems to be bullish on the $5.47B market cap company. The stock increased 1.01% or $1.67 during the last trading session, reaching $166.6. About 217,938 shares traded or 5.83% up from the average. Watsco, Inc. (NYSE:WSO) has risen 8.75% since February 15, 2017 and is uptrending. It has underperformed by 7.95% the S&P500.

Artisan Partners Limited Partnership decreased its stake in Becton Dickinson & Co (BDX) by 7.1% based on its latest 2017Q3 regulatory filing with the SEC. Artisan Partners Limited Partnership sold 110,423 shares as the company’s stock rose 1.79% with the market. The institutional investor held 1.44M shares of the health care company at the end of 2017Q3, valued at $283.11M, down from 1.56 million at the end of the previous reported quarter. Artisan Partners Limited Partnership who had been investing in Becton Dickinson & Co for a number of months, seems to be less bullish one the $58.56B market cap company. The stock increased 2.11% or $4.55 during the last trading session, reaching $219.95. About 1.32 million shares traded. Becton, Dickinson and Company (NYSE:BDX) has risen 12.32% since February 15, 2017 and is uptrending. It has underperformed by 4.38% the S&P500.

Since August 14, 2017, it had 0 insider buys, and 5 selling transactions for $10.19 million activity. $3.16 million worth of Becton, Dickinson and Company (NYSE:BDX) was sold by COHEN GARY M on Monday, September 11. The insider Sichak Stephen sold $2.36M. Tharby Linda M had sold 4,695 shares worth $941,254 on Tuesday, August 22. On Monday, August 14 Mas Ribo Alberto sold $1.50M worth of Becton, Dickinson and Company (NYSE:BDX) or 7,463 shares. Lim James C sold $714,210 worth of stock.

Investors sentiment decreased to 0.93 in Q3 2017. Its down 0.25, from 1.18 in 2017Q2. It dropped, as 53 investors sold BDX shares while 344 reduced holdings. 74 funds opened positions while 297 raised stakes. 197.53 million shares or 0.90% more from 195.76 million shares in 2017Q2 were reported. Verity Verity owns 27,472 shares for 1.57% of their portfolio. Symphony Asset Mgmt Limited Liability Co, California-based fund reported 11,686 shares. Montag A And Associate accumulated 6,812 shares or 0.14% of the stock. 1832 Asset Mgmt Limited Partnership has 0.18% invested in Becton, Dickinson and Company (NYSE:BDX) for 262,310 shares. Fred Alger Mngmt Inc accumulated 78 shares. Dekabank Deutsche Girozentrale invested 0.36% of its portfolio in Becton, Dickinson and Company (NYSE:BDX). Colony Limited Liability Company accumulated 0.16% or 11,621 shares. Evercore Wealth Mgmt Limited Co invested in 8,437 shares. Parsec Financial Management holds 1,165 shares or 0.02% of its portfolio. East Coast Asset Management Ltd Llc owns 20,157 shares. Bradley Foster & Sargent Incorporated Ct reported 23,011 shares stake. Moreover, Mitsubishi Ufj Secs has 0.63% invested in Becton, Dickinson and Company (NYSE:BDX) for 670 shares. Scott Selber reported 0.2% in Becton, Dickinson and Company (NYSE:BDX). Whitnell & Company holds 0.68% or 8,000 shares. Engineers Gate Manager Limited Partnership stated it has 0.09% in Becton, Dickinson and Company (NYSE:BDX).

Artisan Partners Limited Partnership, which manages about $54.11 billion US Long portfolio, upped its stake in Harris Corp Del (NYSE:HRS) by 192,230 shares to 1.92M shares, valued at $252.43 million in 2017Q3, according to the filing. It also increased its holding in Ryder Sys Inc (NYSE:R) by 53,772 shares in the quarter, for a total of 1.79 million shares, and has risen its stake in Novanta Inc.

Among 19 analysts covering Becton Dickinson (NYSE:BDX), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Becton Dickinson had 51 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Hold” rating by RBC Capital Markets given on Friday, November 3. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, August 7. The rating was maintained by Jefferies on Tuesday, February 6 with “Buy”. As per Friday, June 30, the company rating was upgraded by Raymond James. Cowen & Co maintained the shares of BDX in report on Wednesday, December 20 with “Buy” rating. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, November 3 report. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, February 7 report. RBC Capital Markets maintained Becton, Dickinson and Company (NYSE:BDX) on Friday, September 22 with “Hold” rating. On Friday, September 22 the stock rating was initiated by Wells Fargo with “Buy”. On Tuesday, August 22 the stock rating was maintained by Jefferies with “Buy”.

Wendell David Associates Inc, which manages about $664.31 million and $565.93 million US Long portfolio, decreased its stake in Cvs Health (NYSE:CVS) by 6,915 shares to 25,000 shares, valued at $2.03M in 2017Q3, according to the filing. It also reduced its holding in Automatic Data Processing (NASDAQ:ADP) by 5,710 shares in the quarter, leaving it with 240,336 shares, and cut its stake in Stericycle (NASDAQ:SRCL).

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By1 Kurt Siggers

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