Permian Investment Partners LP Has Boosted Position in Sealed Air New (SEE) by $10.80 Million as Valuation Declined; Fundsmith Llp Increased Position in 3M Co (MMM) by $17.32 Million as Stock Value Declined

May 18, 2018 - By Pete Kolinski

Sealed Air Corporation (NYSE:SEE) Logo

Fundsmith Llp increased its stake in 3M Co (MMM) by 2.82% based on its latest 2017Q4 regulatory filing with the SEC. Fundsmith Llp bought 73,696 shares as the company’s stock declined 8.03% with the market. The institutional investor held 2.69 million shares of the medical and dental instruments company at the end of 2017Q4, valued at $633.06 million, up from 2.62 million at the end of the previous reported quarter. Fundsmith Llp who had been investing in 3M Co for a number of months, seems to be bullish on the $118.19B market cap company. The stock decreased 0.64% or $1.28 during the last trading session, reaching $199.08. About 1.10M shares traded. 3M Company (NYSE:MMM) has risen 13.36% since May 18, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.

Permian Investment Partners Lp increased its stake in Sealed Air Corp New (SEE) by 14.1% based on its latest 2017Q4 regulatory filing with the SEC. Permian Investment Partners Lp bought 220,483 shares as the company’s stock declined 14.10% with the market. The institutional investor held 1.78M shares of the major chemicals company at the end of 2017Q4, valued at $87.98M, up from 1.56M at the end of the previous reported quarter. Permian Investment Partners Lp who had been investing in Sealed Air Corp New for a number of months, seems to be bullish on the $7.15B market cap company. The stock increased 1.86% or $0.81 during the last trading session, reaching $44.38. About 546,949 shares traded. Sealed Air Corporation (NYSE:SEE) has declined 3.17% since May 18, 2017 and is downtrending. It has underperformed by 14.72% the S&P500.

Among 15 analysts covering Sealed Air Corporation (NYSE:SEE), 7 have Buy rating, 0 Sell and 8 Hold. Therefore 47% are positive. Sealed Air Corporation had 54 analyst reports since August 4, 2015 according to SRatingsIntel. On Friday, December 15 the stock rating was upgraded by Barclays Capital to “Overweight”. The rating was maintained by BMO Capital Markets on Friday, July 14 with “Hold”. The rating was maintained by JP Morgan with “Neutral” on Monday, February 12. As per Wednesday, April 19, the company rating was maintained by Jefferies. The stock has “Buy” rating by UBS on Tuesday, August 23. Barclays Capital maintained the shares of SEE in report on Thursday, November 9 with “Equal-Weight” rating. The stock of Sealed Air Corporation (NYSE:SEE) has “Sector Perform” rating given on Thursday, May 11 by RBC Capital Markets. The firm earned “Buy” rating on Tuesday, June 13 by Robert W. Baird. The rating was maintained by RBC Capital Markets with “Hold” on Monday, September 11. The firm has “Hold” rating given on Friday, August 11 by Jefferies.

More recent Sealed Air Corporation (NYSE:SEE) news were published by: Streetinsider.com which released: “Sealed Air (SEE) Board of Directors Elects Jerry R. Whitaker Chairman” on May 17, 2018. Also Benzinga.com published the news titled: “Benzinga’s Top Upgrades, Downgrades For May 18, 2018” on May 18, 2018. Globenewswire.com‘s news article titled: “Analysis: Positioning to Benefit within USA Technologies, Bloomin’ Brands, MBIA, NextEra Energy, Sealed Air, and …” with publication date: May 11, 2018 was also an interesting one.

Permian Investment Partners Lp, which manages about $823.32M and $811.27 million US Long portfolio, decreased its stake in Arconic Inc by 1.62M shares to 86,022 shares, valued at $2.34M in 2017Q4, according to the filing.

Since January 31, 2018, it had 0 insider purchases, and 16 insider sales for $30.99 million activity. Shin Hak Cheol had sold 6,799 shares worth $1.68M. $1.02M worth of 3M Company (NYSE:MMM) was sold by Roman Michael F. The insider Vale Michael G. sold $1.54 million. 225 shares were sold by Vrohidis Ippocratis, worth $56,178. Little Frank R Jr. sold $742,051 worth of 3M Company (NYSE:MMM) on Friday, February 23. Bauman James L also sold $700,790 worth of 3M Company (NYSE:MMM) on Friday, February 2.

Among 17 analysts covering 3M (NYSE:MMM), 8 have Buy rating, 4 Sell and 5 Hold. Therefore 47% are positive. 3M had 93 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, May 16 by Jefferies. The firm has “Buy” rating given on Wednesday, October 11 by Credit Suisse. RBC Capital Markets upgraded 3M Company (NYSE:MMM) rating on Wednesday, December 7. RBC Capital Markets has “Sector Perform” rating and $171 target. Citigroup initiated the shares of MMM in report on Thursday, January 21 with “Buy” rating. Morgan Stanley maintained the stock with “Underweight” rating in Wednesday, March 30 report. Credit Suisse maintained 3M Company (NYSE:MMM) rating on Tuesday, March 15. Credit Suisse has “Outperform” rating and $175 target. The stock of 3M Company (NYSE:MMM) has “Hold” rating given on Tuesday, August 25 by Deutsche Bank. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, April 3. The firm has “Hold” rating given on Tuesday, July 25 by RBC Capital Markets. On Monday, October 24 the stock rating was upgraded by Barclays Capital to “Overweight”.

Fundsmith Llp, which manages about $2.92 billion and $11.67B US Long portfolio, decreased its stake in Johnson & Johnson (NYSE:JNJ) by 42,335 shares to 4.33M shares, valued at $605.25M in 2017Q4, according to the filing. It also reduced its holding in Stryker Corp (NYSE:SYK) by 36,389 shares in the quarter, leaving it with 5.14 million shares, and cut its stake in Automatic Data Processing In (NASDAQ:ADP).

Investors sentiment increased to 0.83 in Q4 2017. Its up 0.06, from 0.77 in 2017Q3. It increased, as 47 investors sold MMM shares while 635 reduced holdings. 147 funds opened positions while 416 raised stakes. 383.04 million shares or 1.04% less from 387.06 million shares in 2017Q3 were reported. Altfest L J And holds 0.57% or 6,376 shares in its portfolio. Asset Mngmt has invested 0.09% in 3M Company (NYSE:MMM). Schmidt P J Invest Mgmt invested in 0.31% or 4,656 shares. Boston Prtn owns 7,532 shares. Oregon-based Becker Capital has invested 0.91% in 3M Company (NYSE:MMM). Indiana-based Old Natl Comml Bank In has invested 0.33% in 3M Company (NYSE:MMM). Tiverton Asset Management Limited Liability accumulated 6,648 shares. Liberty Cap accumulated 2,405 shares or 0.31% of the stock. Chilton Capital Mgmt Ltd Liability has 0.14% invested in 3M Company (NYSE:MMM). Cardinal Mngmt stated it has 44,446 shares or 3.17% of all its holdings. Moreover, Clinton Grp has 0.42% invested in 3M Company (NYSE:MMM) for 20,395 shares. 9,860 were accumulated by Bridges Investment Counsel Inc. Edgewood Mngmt Limited Liability holds 689,541 shares or 0.71% of its portfolio. Gamco Inc Et Al has invested 0.02% of its portfolio in 3M Company (NYSE:MMM). Moreover, Ironwood Mngmt Limited Com has 0.16% invested in 3M Company (NYSE:MMM) for 976 shares.

More notable recent 3M Company (NYSE:MMM) news were published by: Investorplace.com which released: “Resistance Looms Large for 3M Co Stock — Short It!” on May 11, 2018, also Seekingalpha.com with their article: “Jefferies cautious on 3M amid rate, recession fears” published on May 16, 2018, 247Wallst.com published: “Why 3M Earnings Aren’t Enough” on April 24, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Seekingalpha.com and their article: “3M Stumbles, And The Knives Come Out” published on April 26, 2018 as well as Seekingalpha.com‘s news article titled: “3M: Pullback Has Prompted Me To Increase My Position” with publication date: April 26, 2018.

3M Company (NYSE:MMM) Institutional Positions Chart

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