Credit Capital Investments Boosted Its Cenovus Energy (CVE) Position by $550,000 as Market Value Declined; Pitcairn Company Has Lowered Holding in Danaher Del (DHR) as Share Price Declined

February 22, 2018 - By Dolores Ford

Pitcairn Company decreased its stake in Danaher Corp Del (DHR) by 14.41% based on its latest 2017Q3 regulatory filing with the SEC. Pitcairn Company sold 7,161 shares as the company’s stock declined 2.27% while stock markets rallied. The institutional investor held 42,542 shares of the industrial machinery and components company at the end of 2017Q3, valued at $3.65M, down from 49,703 at the end of the previous reported quarter. Pitcairn Company who had been investing in Danaher Corp Del for a number of months, seems to be less bullish one the $67.81 billion market cap company. The stock increased 0.52% or $0.5 during the last trading session, reaching $97.35. About 2.18M shares traded. Danaher Corporation (NYSE:DHR) has risen 10.62% since February 22, 2017 and is uptrending. It has underperformed by 6.08% the S&P500.

Credit Capital Investments Llc increased its stake in Cenovus Energy Inc (CVE) by 189.66% based on its latest 2017Q3 regulatory filing with the SEC. Credit Capital Investments Llc bought 55,000 shares as the company’s stock declined 29.14% while stock markets rallied. The institutional investor held 84,000 shares of the oil & gas production company at the end of 2017Q3, valued at $842,000, up from 29,000 at the end of the previous reported quarter. Credit Capital Investments Llc who had been investing in Cenovus Energy Inc for a number of months, seems to be bullish on the $8.89B market cap company. The stock decreased 1.08% or $0.08 during the last trading session, reaching $7.34. About 3.90 million shares traded. Cenovus Energy Inc. (NYSE:CVE) has declined 34.01% since February 22, 2017 and is downtrending. It has underperformed by 50.71% the S&P500.

Among 20 analysts covering Danaher Corporation (NYSE:DHR), 15 have Buy rating, 0 Sell and 5 Hold. Therefore 75% are positive. Danaher Corporation had 85 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Danaher Corporation (NYSE:DHR) has “Overweight” rating given on Monday, October 5 by Barclays Capital. The firm earned “Outperform” rating on Friday, October 20 by Credit Suisse. Robert W. Baird maintained Danaher Corporation (NYSE:DHR) rating on Friday, December 15. Robert W. Baird has “Buy” rating and $99.0 target. The company was maintained on Monday, April 25 by Sterne Agee CRT. The stock of Danaher Corporation (NYSE:DHR) earned “Overweight” rating by Morgan Stanley on Tuesday, December 13. As per Tuesday, January 30, the company rating was maintained by RBC Capital Markets. J.P. Morgan maintained the shares of DHR in report on Friday, September 8 with “Buy” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, January 31 report. Bernstein downgraded the shares of DHR in report on Monday, April 4 to “Market Perform” rating. The firm has “Neutral” rating given on Thursday, January 21 by Citigroup.

Since August 31, 2017, it had 0 insider buys, and 7 insider sales for $37.83 million activity. 131,066 Danaher Corporation (NYSE:DHR) shares with value of $13.37M were sold by DANIEL WILLIAM K. COMAS DANIEL L also sold $6.42M worth of Danaher Corporation (NYSE:DHR) shares. 11,189 shares valued at $1.03M were sold by LUTZ ROBERT S on Monday, October 23. $960,736 worth of stock was sold by EHRLICH DONALD J on Tuesday, October 24. $3.62M worth of Danaher Corporation (NYSE:DHR) was sold by King William on Thursday, August 31.

Pitcairn Company, which manages about $882.92 million US Long portfolio, upped its stake in Centene Corp Del (NYSE:CNC) by 5,380 shares to 16,894 shares, valued at $1.64M in 2017Q3, according to the filing. It also increased its holding in Intuitive Surgical Inc (NASDAQ:ISRG) by 337 shares in the quarter, for a total of 5,411 shares, and has risen its stake in American Tower (NYSE:AMT).

Analysts await Danaher Corporation (NYSE:DHR) to report earnings on April, 19. They expect $0.93 earnings per share, up 9.41% or $0.08 from last year’s $0.85 per share. DHR’s profit will be $647.84M for 26.17 P/E if the $0.93 EPS becomes a reality. After $1.19 actual earnings per share reported by Danaher Corporation for the previous quarter, Wall Street now forecasts -21.85% negative EPS growth.

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