S&T Bank Trimmed Its 3M Co (MMM) Holding by $2.26 Million as Stock Price Rose; Valinor Management Holds Holding in Transdigm Group (TDG)

January 19, 2018 - By Winifred Garcia

S&T Bank decreased its stake in 3M Co (MMM) by 19.03% based on its latest 2017Q3 regulatory filing with the SEC. S&T Bank sold 10,793 shares as the company’s stock rose 7.02% with the market. The institutional investor held 45,916 shares of the medical and dental instruments company at the end of 2017Q3, valued at $9.64M, down from 56,709 at the end of the previous reported quarter. S&T Bank who had been investing in 3M Co for a number of months, seems to be less bullish one the $146.82 billion market cap company. The stock increased 0.24% or $0.5984 during the last trading session, reaching $246.5084. About 434,307 shares traded. 3M Company (NYSE:MMM) has risen 18.59% since January 19, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

David Gallo increased its stake in Transdigm Group Inc (TDG) by 1.87% based on its latest 2017Q3 regulatory filing with the SEC. Valinor Management Llc bought 7,983 shares as the company’s stock rose 2.33% with the market. The hedge fund run by David Gallo held 435,246 shares of the military and government and technical company at the end of 2017Q3, valued at $111.27 million, up from 427,263 at the end of the previous reported quarter. Valinor Management Llc who had been investing in Transdigm Group Inc for a number of months, seems to be bullish on the $15.29B market cap company. The stock increased 0.04% or $0.13 during the last trading session, reaching $294.23. About 34,386 shares traded. TransDigm Group Incorporated (NYSE:TDG) has risen 12.77% since January 19, 2017 and is uptrending. It has underperformed by 3.93% the S&P500.

Investors sentiment increased to 0.93 in 2017 Q3. Its up 0.30, from 0.63 in 2017Q2. It increased, as 30 investors sold TDG shares while 129 reduced holdings. 42 funds opened positions while 106 raised stakes. 56.62 million shares or 1.72% less from 57.61 million shares in 2017Q2 were reported. Nelson Van Denburg & Campbell Wealth Management Gru Llc has invested 0% in TransDigm Group Incorporated (NYSE:TDG). Cornerstone Advsrs, Washington-based fund reported 8 shares. Mutual Of America Capital Management Limited holds 6,202 shares. Sands Management Lc holds 7,554 shares or 0.01% of its portfolio. Sg Americas Securities Ltd Liability owns 0.01% invested in TransDigm Group Incorporated (NYSE:TDG) for 3,958 shares. Moreover, Envestnet Asset has 0% invested in TransDigm Group Incorporated (NYSE:TDG). Fjarde Ap owns 13,388 shares. 427,000 were reported by Aravt Glob Ltd Liability Com. Proshare Advisors Ltd, Maryland-based fund reported 4,533 shares. Massachusetts Services Ma reported 0% of its portfolio in TransDigm Group Incorporated (NYSE:TDG). Cap invested 0.42% of its portfolio in TransDigm Group Incorporated (NYSE:TDG). Ubs Asset Mngmt Americas holds 361,036 shares or 0.08% of its portfolio. M&T National Bank & Trust holds 6,246 shares or 0.01% of its portfolio. 84 were reported by Whittier Trust Co Of Nevada. Wells Fargo & Mn holds 270,911 shares or 0.02% of its portfolio.

Since August 15, 2017, it had 0 insider buys, and 6 insider sales for $13.72 million activity. Henderson Robert S sold $3.96 million worth of stock. On Wednesday, January 17 Jones Roger sold $1.47M worth of TransDigm Group Incorporated (NYSE:TDG) or 5,000 shares.

Among 19 analysts covering Transdigm Group Incorporated (NYSE:TDG), 10 have Buy rating, 2 Sell and 7 Hold. Therefore 53% are positive. Transdigm Group Incorporated had 64 analyst reports since August 4, 2015 according to SRatingsIntel. As per Wednesday, August 26, the company rating was downgraded by Zacks. The firm has “Hold” rating by RBC Capital Markets given on Friday, August 28. The rating was downgraded by Zacks to “Hold” on Tuesday, September 1. Wellington Shields downgraded the stock to “Hold” rating in Tuesday, November 15 report. The firm has “Buy” rating by Canaccord Genuity given on Friday, November 10. As per Monday, October 23, the company rating was maintained by Jefferies. As per Tuesday, December 12, the company rating was downgraded by J.P. Morgan. As per Wednesday, January 6, the company rating was maintained by Canaccord Genuity. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, August 5. The firm has “Buy” rating given on Friday, May 26 by Canaccord Genuity.

Valinor Management Llc, which manages about $4.82B and $3.19B US Long portfolio, decreased its stake in Kar Auction Svcs Inc (NYSE:KAR) by 881,459 shares to 1.04M shares, valued at $49.47 million in 2017Q3, according to the filing. It also reduced its holding in Tjx Cos Inc New (NYSE:TJX) by 247,896 shares in the quarter, leaving it with 1.10M shares, and cut its stake in Carter Inc (NYSE:CRI).

Among 15 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 3 Sell and 5 Hold. Therefore 47% are positive. 3M had 72 analyst reports since July 24, 2015 according to SRatingsIntel. Barclays Capital maintained the shares of MMM in report on Monday, October 5 with “Equal-Weight” rating. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, December 14. The rating was maintained by RBC Capital Markets on Friday, October 23 with “Underperform”. The rating was maintained by Stifel Nicolaus on Wednesday, April 26 with “Hold”. The firm earned “Buy” rating on Wednesday, December 16 by UBS. Citigroup initiated the shares of MMM in report on Thursday, January 21 with “Buy” rating. Credit Suisse maintained the shares of MMM in report on Tuesday, March 15 with “Outperform” rating. The company was maintained on Tuesday, April 12 by Jefferies. The stock of 3M Company (NYSE:MMM) earned “Hold” rating by RBC Capital Markets on Wednesday, January 3. The firm has “Market Perform” rating by Bernstein given on Wednesday, March 30.

Since August 11, 2017, it had 0 insider buys, and 8 selling transactions for $5.40 million activity. Gangestad Nicholas C sold $936,291 worth of stock. Hammes Eric D. had sold 1,428 shares worth $295,106 on Thursday, August 17. Lindekugel Jon T had sold 400 shares worth $92,023 on Tuesday, October 31. 4,965 3M Company (NYSE:MMM) shares with value of $1.02 million were sold by Keel Paul A. Fong Ivan K sold $547,377 worth of stock or 2,348 shares. Another trade for 6,823 shares valued at $1.59 million was made by THULIN INGE G on Friday, October 27.

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