Meritage Portfolio Management Has Increased Its Miller Herman (MLHR) Position; 10-15 Associates Decreased By $1.31 Million Its Zoetis (ZTS) Stake

January 10, 2018 - By Ellis Scott

Meritage Portfolio Management increased Miller Herman (MLHR) stake by 46.55% reported in 2017Q3 SEC filing. Meritage Portfolio Management acquired 39,885 shares as Miller Herman (MLHR)’s stock rose 5.47%. The Meritage Portfolio Management holds 125,567 shares with $4.51M value, up from 85,682 last quarter. Miller Herman now has $2.34 billion valuation. The stock decreased 2.13% or $0.85 during the last trading session, reaching $39.1. About 382,417 shares traded or 10.88% up from the average. Herman Miller, Inc. (NASDAQ:MLHR) has risen 6.46% since January 10, 2017 and is uptrending. It has underperformed by 10.24% the S&P500.

10-15 Associates Inc decreased Zoetis Inc (ZTS) stake by 36.73% reported in 2017Q3 SEC filing. 10-15 Associates Inc sold 20,784 shares as Zoetis Inc (ZTS)’s stock rose 14.85%. The 10-15 Associates Inc holds 35,808 shares with $2.28M value, down from 56,592 last quarter. Zoetis Inc now has $36.60 billion valuation. The stock increased 1.17% or $0.87 during the last trading session, reaching $75.11. About 2.72M shares traded or 18.32% up from the average. Zoetis Inc. (NYSE:ZTS) has risen 29.89% since January 10, 2017 and is uptrending. It has outperformed by 13.19% the S&P500.

Investors sentiment increased to 1.1 in Q3 2017. Its up 0.06, from 1.04 in 2017Q2. It is positive, as 41 investors sold ZTS shares while 233 reduced holdings. 62 funds opened positions while 240 raised stakes. 440.74 million shares or 0.80% less from 444.27 million shares in 2017Q2 were reported. New York-based Allsquare Wealth Mngmt Ltd Limited Liability Company has invested 0.02% in Zoetis Inc. (NYSE:ZTS). Berkshire Asset Management Ltd Llc Pa stated it has 32,983 shares or 0.23% of all its holdings. Rhumbline Advisers owns 1.05M shares for 0.15% of their portfolio. Trexquant Investment Limited Partnership has 11,885 shares for 0.19% of their portfolio. Bahl Gaynor Inc has 0.01% invested in Zoetis Inc. (NYSE:ZTS). Glg Limited Liability holds 0.1% of its portfolio in Zoetis Inc. (NYSE:ZTS) for 22,971 shares. Moreover, Diligent Limited Co has 1.18% invested in Zoetis Inc. (NYSE:ZTS) for 25,264 shares. Pax World Management Lc invested 1.15% of its portfolio in Zoetis Inc. (NYSE:ZTS). Asset Mgmt holds 15,314 shares. Manufacturers Life Insurance The owns 553,422 shares. The Minnesota-based Ameriprise has invested 0.04% in Zoetis Inc. (NYSE:ZTS). Raymond James Services Advisors holds 0.01% or 36,268 shares. Compton Capital Mgmt Ri invested 0.52% in Zoetis Inc. (NYSE:ZTS). Fort Washington Inv Oh reported 0.01% in Zoetis Inc. (NYSE:ZTS). Douglass Winthrop Advsr Ltd invested in 3,963 shares.

Among 21 analysts covering Zoetis Inc (NYSE:ZTS), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 76% are positive. Zoetis Inc had 67 analyst reports since July 24, 2015 according to SRatingsIntel. Cantor Fitzgerald maintained the stock with “Buy” rating in Thursday, December 21 report. The firm has “Market Perform” rating by BMO Capital Markets given on Friday, November 3. The firm has “Buy” rating by C.L. King given on Friday, May 26. Cantor Fitzgerald maintained Zoetis Inc. (NYSE:ZTS) on Monday, August 14 with “Buy” rating. The stock has “Buy” rating by Stifel Nicolaus on Thursday, November 2. Stifel Nicolaus initiated Zoetis Inc. (NYSE:ZTS) rating on Wednesday, June 1. Stifel Nicolaus has “Buy” rating and $58 target. The firm has “Buy” rating given on Tuesday, December 20 by Deutsche Bank. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, August 30. The company was maintained on Friday, August 25 by Piper Jaffray. The firm has “Buy” rating by Cowen & Co given on Friday, October 13.

10-15 Associates Inc increased Diebold Nxdf Inc (NYSE:DBD) stake by 33,536 shares to 97,633 valued at $2.23M in 2017Q3. It also upped Metlife Inc (NYSE:MET) stake by 12,433 shares and now owns 223,301 shares. Conocophillips (NYSE:COP) was raised too.

Analysts await Zoetis Inc. (NYSE:ZTS) to report earnings on February, 15. They expect $0.66 earnings per share, up 40.43% or $0.19 from last year’s $0.47 per share. ZTS’s profit will be $321.61 million for 28.45 P/E if the $0.66 EPS becomes a reality. After $0.65 actual earnings per share reported by Zoetis Inc. for the previous quarter, Wall Street now forecasts 1.54% EPS growth.

Since August 21, 2017, it had 0 buys, and 9 insider sales for $4.26 million activity. Lopez Hezron T. had sold 5,353 shares worth $186,552 on Wednesday, September 27. LOCK ANDREW J also sold $829,564 worth of Herman Miller, Inc. (NASDAQ:MLHR) on Wednesday, September 27. Gane Stephen C also sold $1.23M worth of Herman Miller, Inc. (NASDAQ:MLHR) on Friday, January 5. 4,091 shares were sold by Ramirez Michael F., worth $139,000. On Monday, September 18 the insider WALKER BRIAN C sold $487,264. Another trade for 1,190 shares valued at $47,927 was sold by Veltman Kevin J..

Meritage Portfolio Management decreased Lyondellbasell Industries Nv (NYSE:LYB) stake by 28,465 shares to 35,880 valued at $3.55 million in 2017Q3. It also reduced Biogen Inc (NASDAQ:BIIB) stake by 9,611 shares and now owns 18,958 shares. Check Point Software Tech (NASDAQ:CHKP) was reduced too.

Among 4 analysts covering Herman Miller (NASDAQ:MLHR), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Herman Miller had 6 analyst reports since December 18, 2015 according to SRatingsIntel. On Friday, June 24 the stock rating was downgraded by BB&T Capital to “Hold”. The rating was downgraded by Raymond James on Tuesday, January 3 to “Underperform”. Raymond James upgraded Herman Miller, Inc. (NASDAQ:MLHR) rating on Tuesday, December 26. Raymond James has “Buy” rating and $43.0 target. Raymond James downgraded the shares of MLHR in report on Friday, December 18 to “Mkt Perform” rating. Sidoti initiated the shares of MLHR in report on Tuesday, June 27 with “Buy” rating. The rating was initiated by Seaport Global with “Neutral” on Friday, November 4.

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