Liberty Mutual Group Asset Management Upped Cognex (CGNX) Holding by $1.22 Million; Stock Value Declined; As Becton Dickinson And Co (BDX) Market Valuation Declined, Patten Group Has Upped by $918,488 Its Stake

April 23, 2018 - By Peter Erickson

Becton, Dickinson and Company (NYSE:BDX) Logo

Patten Group Inc increased its stake in Becton Dickinson And Co (BDX) by 289.02% based on its latest 2017Q4 regulatory filing with the SEC. Patten Group Inc bought 4,292 shares as the company’s stock declined 1.94% with the market. The institutional investor held 5,777 shares of the health care company at the end of 2017Q4, valued at $1.24M, up from 1,485 at the end of the previous reported quarter. Patten Group Inc who had been investing in Becton Dickinson And Co for a number of months, seems to be bullish on the $62.10 billion market cap company. The stock increased 0.15% or $0.36 during the last trading session, reaching $233.24. About 321,048 shares traded. Becton, Dickinson and Company (NYSE:BDX) has risen 15.92% since April 23, 2017 and is uptrending. It has outperformed by 4.37% the S&P500.

Liberty Mutual Group Asset Management Inc increased its stake in Cognex Corp (CGNX) by 83.08% based on its latest 2017Q4 regulatory filing with the SEC. Liberty Mutual Group Asset Management Inc bought 19,946 shares as the company’s stock declined 13.83% with the market. The institutional investor held 43,954 shares of the industrial machinery and components company at the end of 2017Q4, valued at $2.69M, up from 24,008 at the end of the previous reported quarter. Liberty Mutual Group Asset Management Inc who had been investing in Cognex Corp for a number of months, seems to be bullish on the $8.64B market cap company. The stock decreased 1.86% or $0.94 during the last trading session, reaching $49.96. About 1.29 million shares traded. Cognex Corporation (NASDAQ:CGNX) has risen 31.99% since April 23, 2017 and is uptrending. It has outperformed by 20.44% 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. As per Wednesday, September 27, the company rating was maintained by Cowen & Co. The company was upgraded on Friday, June 30 by Raymond James. The stock of Becton, Dickinson and Company (NYSE:BDX) earned “Equal-Weight” rating by Morgan Stanley on Friday, November 3. On Wednesday, January 6 the stock rating was downgraded by Evercore to “Hold”. As per Monday, January 4, the company rating was downgraded by Morgan Stanley. Citigroup downgraded the shares of BDX in report on Friday, September 23 to “Sell” rating. The rating was maintained by RBC Capital Markets on Thursday, February 4 with “Sector Perform”. The rating was maintained by Jefferies on Tuesday, September 26 with “Buy”. RBC Capital Markets maintained the shares of BDX in report on Thursday, August 3 with “Hold” rating. On Tuesday, July 18 the stock rating was maintained by Jefferies with “Buy”.

Investors sentiment increased to 1.55 in 2017 Q4. Its up 0.62, from 0.93 in 2017Q3. It improved, 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. 36,439 were reported by Compass Capital Mngmt. Charter Trust invested 0.32% of its portfolio in Becton, Dickinson and Company (NYSE:BDX). Tru Department Mb Bancorporation N A, Illinois-based fund reported 33 shares. Bollard Grp Incorporated Limited Liability Company owns 7,438 shares or 0.08% of their US portfolio. Newfocus Grp Ltd Company has 26,663 shares for 3.48% of their portfolio. Fjarde Ap owns 73,300 shares. Paragon Management Limited accumulated 1,584 shares. Aqr Capital Mngmt Ltd Liability Corp owns 159,159 shares. Moreover, Fil Ltd has 0.04% invested in Becton, Dickinson and Company (NYSE:BDX). Ftb Advsr stated it has 544 shares. Livforsakringsbolaget Skandia Omsesidigt, a Sweden-based fund reported 3,499 shares. Moreover, Vaughan David Invs Incorporated Il has 0.02% invested in Becton, Dickinson and Company (NYSE:BDX) for 2,176 shares. Boston Private Wealth invested in 0.15% or 18,440 shares. Lakeview Prtn Lc holds 0.32% or 2,055 shares in its portfolio. Berkshire Asset Management Ltd Liability Com Pa has 0.08% invested in Becton, Dickinson and Company (NYSE:BDX) for 3,914 shares.

Patten Group Inc, which manages about $252.47 million US Long portfolio, decreased its stake in Xylem Inc (NYSE:XYL) by 95,455 shares to 32,035 shares, valued at $2.19M in 2017Q4, according to the filing. It also reduced its holding in Ishares Core Growth Allocation Etf (AOR) by 78,849 shares in the quarter, leaving it with 1,187 shares, and cut its stake in Financial Select Sector Spdr Etf (XLF).

Since February 23, 2018, it had 0 buys, and 4 sales for $2.59 million activity. $38,416 worth of Becton, Dickinson and Company (NYSE:BDX) shares were sold by RING TIMOTHY M. Gallagher John E sold 5,355 shares worth $1.21 million. 1,877 Becton, Dickinson and Company (NYSE:BDX) shares with value of $426,079 were sold by Polen Thomas E Jr.

Investors sentiment increased to 6.53 in 2017 Q4. Its up 5.48, from 1.05 in 2017Q3. It increased, as 32 investors sold CGNX shares while 21 reduced holdings. 84 funds opened positions while 262 raised stakes. 268.44 million shares or 268.52% more from 72.84 million shares in 2017Q3 were reported. Atlantic Tru Gru Limited Liability Company holds 200 shares. State Board Of Administration Of Florida Retirement Systems has 0.04% invested in Cognex Corporation (NASDAQ:CGNX). Renaissance Tech Limited Liability Corp accumulated 258,656 shares. Macquarie Gru Ltd has invested 0.01% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Asset Mgmt Incorporated invested in 0.02% or 22,326 shares. 6,849 were reported by Gsa Cap Prtn Llp. Virtus Inv Advisers accumulated 212,552 shares. Teachers Retirement Sys Of The State Of Kentucky owns 38,740 shares. Atria Invs Ltd Liability Corp holds 0.02% of its portfolio in Cognex Corporation (NASDAQ:CGNX) for 7,648 shares. 15.77M were reported by Blackrock Inc. Scout owns 104,393 shares. Ubs Asset Americas Inc owns 456,021 shares. Utah Retirement has 30,800 shares. British Columbia Inv Mngmt invested 0.06% in Cognex Corporation (NASDAQ:CGNX). American Cap Management has invested 5.9% in Cognex Corporation (NASDAQ:CGNX).

Among 19 analysts covering Cognex Corporation (NASDAQ:CGNX), 8 have Buy rating, 1 Sell and 10 Hold. Therefore 42% are positive. Cognex Corporation had 42 analyst reports since August 4, 2015 according to SRatingsIntel. Needham maintained the stock with “Buy” rating in Tuesday, August 4 report. The rating was maintained by Cowen & Co with “Buy” on Tuesday, February 13. The firm earned “Buy” rating on Wednesday, August 2 by Cowen & Co. The company was downgraded on Tuesday, April 10 by Goldman Sachs. The firm has “Underperform” rating by CSLA given on Thursday, March 24. Canaccord Genuity maintained it with “Hold” rating and $33 target in Tuesday, November 3 report. The firm has “Neutral” rating given on Friday, December 2 by Northcoast. Robert W. Baird maintained the stock with “Neutral” rating in Tuesday, October 31 report. The rating was maintained by Canaccord Genuity on Thursday, February 15 with “Hold”. The rating was upgraded by Northcoast on Wednesday, April 4 to “Buy”.

Liberty Mutual Group Asset Management Inc, which manages about $3.42 billion US Long portfolio, decreased its stake in Paypal Hldgs Inc by 4,649 shares to 45,048 shares, valued at $3.32M in 2017Q4, according to the filing. It also reduced its holding in Lowes Cos Inc (NYSE:LOW) by 4,604 shares in the quarter, leaving it with 33,648 shares, and cut its stake in Baidu Inc (NASDAQ:BIDU).

Cognex Corporation (NASDAQ:CGNX) Institutional Positions Chart

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By1 Peter Erickson

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