Sumitomo Life Insurance Company Holds Position in Trimble Com (TRMB); Verity & Verity Holding in Pfizer (PFE) Lifted as Shares Declined

February 23, 2018 - By Hazel Jackson

Verity & Verity Llc increased its stake in Pfizer Inc (PFE) by 8.49% based on its latest 2017Q3 regulatory filing with the SEC. Verity & Verity Llc bought 16,512 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 210,959 shares of the health care company at the end of 2017Q3, valued at $7.53M, up from 194,447 at the end of the previous reported quarter. Verity & Verity Llc who had been investing in Pfizer Inc for a number of months, seems to be bullish on the $214.15B market cap company. The stock increased 0.52% or $0.1866 during the last trading session, reaching $35.9266. About 3.94 million shares traded. Pfizer Inc. (NYSE:PFE) has declined 2.76% since February 23, 2017 and is downtrending. It has underperformed by 19.46% the S&P500.

Sumitomo Life Insurance Company increased its stake in Trimble Inc Com (TRMB) by 60.68% based on its latest 2017Q3 regulatory filing with the SEC. Sumitomo Life Insurance Company bought 14,372 shares as the company’s stock rose 13.95% with the market. The institutional investor held 38,057 shares of the industrial machinery and components company at the end of 2017Q3, valued at $1.49M, up from 23,685 at the end of the previous reported quarter. Sumitomo Life Insurance Company who had been investing in Trimble Inc Com for a number of months, seems to be bullish on the $9.57B market cap company. The stock increased 0.71% or $0.27 during the last trading session, reaching $38.45. About 139,088 shares traded. Trimble Inc. (NASDAQ:TRMB) has risen 51.45% since February 23, 2017 and is uptrending. It has outperformed by 34.75% the S&P500.

Among 22 analysts covering Pfizer (NYSE:PFE), 10 have Buy rating, 1 Sell and 11 Hold. Therefore 45% are positive. Pfizer had 74 analyst reports since July 29, 2015 according to SRatingsIntel. Citigroup downgraded the stock to “Sell” rating in Tuesday, May 16 report. SunTrust maintained the shares of PFE in report on Monday, October 16 with “Hold” rating. The company was maintained on Tuesday, June 14 by Jefferies. The rating was upgraded by Barclays Capital to “Overweight” on Tuesday, November 29. The company was maintained on Thursday, July 13 by Jefferies. JP Morgan reinitiated Pfizer Inc. (NYSE:PFE) rating on Thursday, April 7. JP Morgan has “Overweight” rating and $38 target. The firm earned “Outperform” rating on Tuesday, October 20 by Cowen & Co. The stock of Pfizer Inc. (NYSE:PFE) earned “Buy” rating by UBS on Wednesday, November 1. The stock of Pfizer Inc. (NYSE:PFE) earned “Outperform” rating by Credit Suisse on Monday, May 9. The stock of Pfizer Inc. (NYSE:PFE) has “Market Perform” rating given on Wednesday, November 2 by BMO Capital Markets.

Since August 31, 2017, it had 0 insider buys, and 7 sales for $12.30 million activity. Shares for $3.21 million were sold by DAMELIO FRANK A. The insider READ IAN C sold 197,168 shares worth $6.70M. JOHNSON RADY A also sold $296,560 worth of Pfizer Inc. (NYSE:PFE) shares. On Tuesday, September 12 SUSMAN SALLY sold $1.34M worth of Pfizer Inc. (NYSE:PFE) or 38,230 shares.

Verity & Verity Llc, which manages about $217.83 million and $342.96 million US Long portfolio, decreased its stake in American Elec Pwr Inc (NYSE:AEP) by 35,796 shares to 20,996 shares, valued at $1.48 million in 2017Q3, according to the filing. It also reduced its holding in Emerson Elec Co (NYSE:EMR) by 8,357 shares in the quarter, leaving it with 21,514 shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT).

Investors sentiment increased to 0.96 in 2017 Q3. Its up 0.02, from 0.94 in 2017Q2. It is positive, as 53 investors sold PFE shares while 700 reduced holdings. 106 funds opened positions while 620 raised stakes. 4.06 billion shares or 0.86% more from 4.02 billion shares in 2017Q2 were reported. Saturna Capital, Washington-based fund reported 1.19M shares. Tiaa Cref Investment Mgmt Limited Com stated it has 0.66% in Pfizer Inc. (NYSE:PFE). Parametrica Mgmt invested 0.18% of its portfolio in Pfizer Inc. (NYSE:PFE). Quantum Mgmt holds 0.24% of its portfolio in Pfizer Inc. (NYSE:PFE) for 28,804 shares. Dnb Asset Mgmt As reported 0.29% of its portfolio in Pfizer Inc. (NYSE:PFE). Aviance Mngmt Ltd Liability Corporation reported 0% in Pfizer Inc. (NYSE:PFE). Aviva Public Limited Com holds 1.09% or 5.68M shares. Atalanta Sosnoff Capital Lc has invested 0.84% in Pfizer Inc. (NYSE:PFE). Art Advsr Ltd Liability stated it has 0.05% of its portfolio in Pfizer Inc. (NYSE:PFE). 529,642 are held by Dodge And Cox. Hoertkorn Richard Charles stated it has 0.77% in Pfizer Inc. (NYSE:PFE). Da Davidson And owns 388,242 shares for 0.27% of their portfolio. Moreover, Peoples has 2.42% invested in Pfizer Inc. (NYSE:PFE). Tradition Capital Mgmt Limited Liability invested 0.35% of its portfolio in Pfizer Inc. (NYSE:PFE). Ahl Llp invested 0.14% in Pfizer Inc. (NYSE:PFE).

Among 17 analysts covering Trimble Navigation Limited (NASDAQ:TRMB), 8 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. Trimble Navigation Limited had 38 analyst reports since August 5, 2015 according to SRatingsIntel. On Friday, September 22 the stock rating was maintained by Robert W. Baird with “Outperform”. The firm has “Buy” rating given on Tuesday, June 13 by Oppenheimer. As per Thursday, October 26, the company rating was maintained by Robert W. Baird. Dougherty & Company downgraded Trimble Inc. (NASDAQ:TRMB) rating on Monday, January 30. Dougherty & Company has “Neutral” rating and $27 target. The stock has “Buy” rating by Piper Jaffray on Monday, July 24. The stock of Trimble Inc. (NASDAQ:TRMB) has “Buy” rating given on Friday, October 27 by Needham. Morgan Stanley initiated the stock with “Equal Weight” rating in Monday, September 21 report. Piper Jaffray maintained it with “Buy” rating and $43.0 target in Friday, September 29 report. Morgan Stanley maintained Trimble Inc. (NASDAQ:TRMB) on Thursday, August 17 with “Equal-Weight” rating. The stock has “Hold” rating by Craig Hallum on Thursday, February 9.

Sumitomo Life Insurance Company, which manages about $785.08M US Long portfolio, decreased its stake in Arista Networks Inc Com (NYSE:ANET) by 3,127 shares to 6,341 shares, valued at $1.20M in 2017Q3, according to the filing. It also reduced its holding in Suntrust Bks Inc Com (NYSE:STI) by 20,518 shares in the quarter, leaving it with 26,062 shares, and cut its stake in Omnicom Group Inc Com (NYSE:OMC).

Since August 28, 2017, it had 0 insider purchases, and 8 sales for $15.43 million activity. Gibson Chris sold 76,715 shares worth $2.92M. The insider KIRKLAND JAMES A sold $14,118. The insider MATTHEWS DARRYL R sold 3,714 shares worth $143,583. Another trade for 44,662 shares valued at $1.72M was sold by Kliem Jurgen. $277,840 worth of Trimble Inc. (NASDAQ:TRMB) was sold by PAINTER ROBERT G. PEEK MARK S also sold $397,985 worth of Trimble Inc. (NASDAQ:TRMB) on Tuesday, February 13.

Investors sentiment decreased to 1.18 in Q3 2017. Its down 0.10, from 1.28 in 2017Q2. It dived, as 18 investors sold TRMB shares while 126 reduced holdings. 39 funds opened positions while 131 raised stakes. 221.33 million shares or 0.83% less from 223.17 million shares in 2017Q2 were reported. Rmb Cap Ltd Liability holds 0.08% of its portfolio in Trimble Inc. (NASDAQ:TRMB) for 79,206 shares. Columbus Circle Investors holds 0.61% or 916,688 shares in its portfolio. Renaissance Techs Limited Liability has 738,744 shares. Los Angeles Management Equity Rech has invested 0.03% in Trimble Inc. (NASDAQ:TRMB). Atlanta Capital Mngmt Communication L L C, a Georgia-based fund reported 5.08 million shares. Impax Asset Limited holds 3.47% in Trimble Inc. (NASDAQ:TRMB) or 2.89M shares. Fred Alger Mngmt invested in 0.04% or 237,156 shares. Advisory Ntwk Limited Liability Company stated it has 0% of its portfolio in Trimble Inc. (NASDAQ:TRMB). Panagora Asset Management Incorporated, Massachusetts-based fund reported 589,414 shares. Intl Ca holds 1.43% of its portfolio in Trimble Inc. (NASDAQ:TRMB) for 553,514 shares. Eqis Capital holds 0.02% or 9,686 shares in its portfolio. Dimensional Fund Advisors LP holds 0.02% or 950,427 shares. Gideon Advisors reported 5,743 shares or 0.22% of all its holdings. Alliancebernstein LP holds 0% or 168,496 shares in its portfolio. Cantab Cap Partners Limited Liability Partnership invested 0.12% in Trimble Inc. (NASDAQ:TRMB).

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