Griffon (GFF) Reaches $19.00 After 6.00% Down Move; Rr Partners LP Decreased Schlumberger LTD (SLB) Position

June 14, 2018 - By Louis Casey

Griffon Corporation (NYSE:GFF) Logo

The stock of Griffon Corporation (NYSE:GFF) is a huge mover today! The stock decreased 4.28% or $0.85 during the last trading session, reaching $19. About 258,329 shares traded or 102.68% up from the average. Griffon Corporation (NYSE:GFF) has risen 9.34% since June 14, 2017 and is uptrending. It has underperformed by 3.23% the S&P500. Some Historical GFF News: ; 08/03/2018 – GRIFFON DECLARES SPECIAL DIV; 03/05/2018 – GRIFFON CORP – IN FIRST FULL YEAR OF OPERATIONS, GRIFFON EXPECTS CORNELLCOOKSON TO CONTRIBUTE $200 MLN IN NET SALES AND $0.15 IN EARNINGS PER SHARE; 03/05/2018 – Griffon 2Q Adj EPS 6c; 03/05/2018 – GRIFFON SAYS CLOPAY BUILDING PRODUCTS TO ACQUIRE CORNELLCOOKSON; 03/05/2018 – Griffon 2Q EPS $2.11; 08/03/2018 Griffon Corporation Declares Special Dividend; 12/03/2018 – Griffon Closes Above 50-Day Moving Average: Technicals; 08/03/2018 – GRIFFON CORP – BOARD OF DIRECTORS OF GRIFFON CORPORATION DECLARED A SPECIAL CASH DIVIDEND OF $1.00 PER SHARE; 08/03/2018 – Griffon Declares Special Cash Dividend of $1; 13/03/2018 – Griffon Announces the Combination of The AMES Companies and ClosetMaid under Michael A. SarricaThe move comes after 5 months negative chart setup for the $808.44M company. It was reported on Jun, 14 by Barchart.com. We have $17.86 PT which if reached, will make NYSE:GFF worth $48.51M less.

Rr Partners Lp decreased Schlumberger Ltd (SLB) stake by 28.46% reported in 2018Q1 SEC filing. Rr Partners Lp sold 314,000 shares as Schlumberger Ltd (SLB)’s stock rose 2.80%. The Rr Partners Lp holds 789,458 shares with $51.14 million value, down from 1.10 million last quarter. Schlumberger Ltd now has $94.50B valuation. The stock increased 0.38% or $0.255 during the last trading session, reaching $68.225. About 2.98M shares traded. Schlumberger Limited (NYSE:SLB) has declined 1.14% since June 14, 2017 and is downtrending. It has underperformed by 13.71% the S&P500. Some Historical SLB News: ; 20/04/2018 – SCHLUMBERGER NV – QTRLY PRETAX OPERATING MARGIN OF 12.4% VS 11.0% REPORTED LAST YEAR; 20/04/2018 – SCHLUMBERGER SAYS GLOBAL OIL SUPPLY AND DEMAND ARE NOW IN BALANCE – CONF CALL; 04/05/2018 – Sri Lanka to sign deals with Total, Schlumberger for seismic study; 20/04/2018 – SCHLUMBERGER 1Q REV. $7.8B, EST. $7.81B; 20/04/2018 – Schlumberger 1Q Rev $7.8B; 14/05/2018 – Schlumberger at UBS Global Oil & Gas Conference May 22; 29/03/2018 – RUSSIA’S FAS: DIFFERENT OPTIONS ON SCHLUMBERGER’S STAKE IN EDC; 31/05/2018 – OPHIR ENERGY PLC OPHR.L – NOTE ANNOUNCEMENT BY GOLAR LNG PARTNERS’ REGARDING DISSOLUTION OF ITS ONELNG JOINT VENTURE WITH SCHLUMBERGER; 31/05/2018 – OPHIR ENERGY PLC OPHR.L – DISAPPOINTING THAT SCHLUMBERGER WILL NO LONGER BE PART OF PARTNERSHIP GROUP, GOLAR; 06/03/2018 – CERAWEEK – SCHLUMBERGER’S KIBSGAARD SEES GROWTH IN INVESTMENTS GLOBALLY, WHICH IS RESTORING OPTIMISM

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 150 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Schlumberger Limited (NYSE:SLB) earned “Hold” rating by Bernstein on Friday, May 5. The company was maintained on Saturday, August 22 by Evercore. The company was maintained on Wednesday, October 25 by Barclays Capital. The firm earned “Buy” rating on Friday, September 29 by Jefferies. The stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by Jefferies on Wednesday, April 4. Jefferies maintained Schlumberger Limited (NYSE:SLB) rating on Monday, April 25. Jefferies has “Hold” rating and $80 target. The firm earned “Buy” rating on Monday, December 14 by KLR Group. The firm has “Buy” rating given on Monday, April 4 by Goldman Sachs. Morgan Stanley maintained Schlumberger Limited (NYSE:SLB) on Monday, April 25 with “Overweight” rating. As per Monday, October 19, the company rating was maintained by Oppenheimer.

Analysts await Schlumberger Limited (NYSE:SLB) to report earnings on July, 20 before the open. They expect $0.46 EPS, up 31.43% or $0.11 from last year’s $0.35 per share. SLB’s profit will be $637.16 million for 37.08 P/E if the $0.46 EPS becomes a reality. After $0.38 actual EPS reported by Schlumberger Limited for the previous quarter, Wall Street now forecasts 21.05% EPS growth.

Investors sentiment increased to 1.2 in 2018 Q1. Its up 0.54, from 0.66 in 2017Q4. It increased, as 60 investors sold SLB shares while 488 reduced holdings. 111 funds opened positions while 548 raised stakes. 1.04 billion shares or 1.22% less from 1.05 billion shares in 2017Q4 were reported. 17,129 were reported by Hodges Inc. 377,020 were reported by First Foundation Advisors. Sand Hill Global Advisors Limited has invested 0.44% in Schlumberger Limited (NYSE:SLB). Amp Capital Investors invested in 389,225 shares or 0.14% of the stock. Lipe & Dalton owns 5,720 shares or 0.27% of their US portfolio. First Manhattan holds 19,971 shares. One Cap Lc has 0.07% invested in Schlumberger Limited (NYSE:SLB). Meiji Yasuda Asset Mgmt Ltd holds 0.48% or 77,552 shares. Appleton Ma stated it has 0.49% in Schlumberger Limited (NYSE:SLB). The New York-based Meyer Handelman has invested 0.61% in Schlumberger Limited (NYSE:SLB). Mackay Shields Ltd reported 0.11% of its portfolio in Schlumberger Limited (NYSE:SLB). Cleararc Inc has 35,329 shares for 0.35% of their portfolio. Burns J W Communications Inc Ny owns 0.42% invested in Schlumberger Limited (NYSE:SLB) for 25,385 shares. Princeton Strategies Group Incorporated Limited Liability Corp reported 0.86% stake. Kynikos Associates LP has invested 1.31% in Schlumberger Limited (NYSE:SLB).

More notable recent Schlumberger Limited (NYSE:SLB) news were published by: Finance.Yahoo.com which released: “Should Income Investors Buy Schlumberger Limited (NYSE:SLB) Before Its Ex-Dividend?” on June 02, 2018, also Fool.com with their article: “3 Oil Market Myths Schlumberger’s Management Wants to Dispel” published on June 12, 2018, Streetinsider.com published: “UPDATE: Schlumberger (SLB) Sees 10%-15% Growth in Q2 EPS” on June 12, 2018. More interesting news about Schlumberger Limited (NYSE:SLB) were released by: Forbes.com and their article: “Why Schlumberger’s Stock Continues To Underperform” published on May 29, 2018 as well as Bizjournals.com‘s news article titled: “Weatherford reportedly considering selling laboratory business” with publication date: June 12, 2018.

Since January 22, 2018, it had 3 buys, and 3 selling transactions for $6.93 million activity. Jaramillo Claudia also sold $218,049 worth of Schlumberger Limited (NYSE:SLB) on Wednesday, May 16. $1.96M worth of Schlumberger Limited (NYSE:SLB) was sold by Guild Howard. 3,000 Schlumberger Limited (NYSE:SLB) shares with value of $192,900 were bought by Al Mogharbel Khaled. Schorn Patrick bought 5,000 shares worth $323,950. AYAT SIMON had sold 75,000 shares worth $5.91M on Wednesday, January 24. On Monday, March 26 the insider KIBSGAARD PAAL bought $646,800.

More notable recent Griffon Corporation (NYSE:GFF) news were published by: Prnewswire.com which released: “Telephonics Awarded Radar Contract for United States Coast Guard’s HC-27J Program” on June 14, 2018, also Schaeffersresearch.com with their article: “Sears Stock Soaring on Another Amazon Expansion” published on June 12, 2018, Streetinsider.com published: “Griffon Corp (GFF) Announces Proposed 5.58M Share Offering of Common Stock” on June 11, 2018. More interesting news about Griffon Corporation (NYSE:GFF) were released by: Nasdaq.com and their article: “Mid-Afternoon Market Update: Enzo Biochem Falls After Q3 Results; Galmed Pharmaceuticals Shares Surge” published on June 12, 2018 as well as Fool.com‘s news article titled: “Why Xunlei, Griffon, and Axovant Sciences Slumped Today” with publication date: June 12, 2018.

Griffon Corporation, through its wholly-owned subsidiaries, engages in home and building, telephonics, and plastic products businesses worldwide. The company has market cap of $808.44 million. The Company’s Home & Building Products segment makes and markets long-handled tools and landscaping products for homeowners and professionals; and residential and commercial garage doors to professional dealers and home center retail chains. It has a 24.55 P/E ratio. The companyÂ’s Telephonics segment designs, develops, makes, and provides logistical support and lifecycle sustainment services; and intelligence, surveillance, and communications solutions to defense, aerospace, and commercial customers.

Griffon Corporation (NYSE:GFF) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Posts

>