Biondo Investment Advisors Lowered Its Idexx Labs (IDXX) Holding as Share Price Rose; Principal Financial Group Decreased Ingersoll (IR) Stake as Share Value Rose

February 21, 2018 - By Henry Gaston

Principal Financial Group Inc decreased its stake in Ingersoll (IR) by 2.8% based on its latest 2017Q3 regulatory filing with the SEC. Principal Financial Group Inc sold 20,815 shares as the company’s stock rose 10.19% with the market. The institutional investor held 722,939 shares of the o.e.m. company at the end of 2017Q3, valued at $64.47 million, down from 743,754 at the end of the previous reported quarter. Principal Financial Group Inc who had been investing in Ingersoll for a number of months, seems to be less bullish one the $22.54 billion market cap company. The stock increased 0.18% or $0.16 during the last trading session, reaching $90.2. About 1.72M shares traded. Ingersoll-Rand Plc (NYSE:IR) has risen 39.42% since February 21, 2017 and is uptrending. It has outperformed by 22.72% the S&P500.

Biondo Investment Advisors Llc decreased its stake in Idexx Labs Inc (IDXX) by 5.15% based on its latest 2017Q3 regulatory filing with the SEC. Biondo Investment Advisors Llc sold 4,199 shares as the company’s stock rose 13.64% with the market. The institutional investor held 77,362 shares of the health care company at the end of 2017Q3, valued at $12.03M, down from 81,561 at the end of the previous reported quarter. Biondo Investment Advisors Llc who had been investing in Idexx Labs Inc for a number of months, seems to be less bullish one the $16.17B market cap company. The stock increased 1.36% or $2.4828 during the last trading session, reaching $185.6428. About 112,089 shares traded. IDEXX Laboratories, Inc. (NASDAQ:IDXX) has risen 83.30% since February 21, 2017 and is uptrending. It has outperformed by 66.60% the S&P500.




Analysts await IDEXX Laboratories, Inc. (NASDAQ:IDXX) to report earnings on April, 27. They expect $0.93 earnings per share, up 43.08% or $0.28 from last year’s $0.65 per share. IDXX’s profit will be $81.03 million for 49.90 P/E if the $0.93 EPS becomes a reality. After $0.77 actual earnings per share reported by IDEXX Laboratories, Inc. for the previous quarter, Wall Street now forecasts 20.78% EPS growth.

Biondo Investment Advisors Llc, which manages about $423.40M and $363.57M US Long portfolio, upped its stake in Exact Sciences Corp (NASDAQ:EXAS) by 9,100 shares to 36,600 shares, valued at $1.73M in 2017Q3, according to the filing. It also increased its holding in Regeneron Pharmaceuticals (NASDAQ:REGN) by 740 shares in the quarter, for a total of 16,225 shares, and has risen its stake in Vertex Pharmaceuticals Inc (NASDAQ:VRTX).

Since August 22, 2017, it had 2 insider purchases, and 5 insider sales for $22.12 million activity. Another trade for 6,602 shares valued at $1.20M was made by MCKEON BRIAN P on Monday, February 5. $178,045 worth of IDEXX Laboratories, Inc. (NASDAQ:IDXX) was bought by Kingsley Lawrence D. Another trade for 1,000 shares valued at $179,580 was made by Claflin Bruce L. on Wednesday, February 7. 5,156 shares valued at $790,342 were sold by HENDERSON REBECCA M on Tuesday, August 22.

Among 11 analysts covering IDEXX Laboratories (NASDAQ:IDXX), 7 have Buy rating, 2 Sell and 2 Hold. Therefore 64% are positive. IDEXX Laboratories had 27 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of IDEXX Laboratories, Inc. (NASDAQ:IDXX) earned “Buy” rating by Stifel Nicolaus on Monday, March 21. The stock has “Buy” rating by Stifel Nicolaus on Thursday, February 1. As per Friday, July 28, the company rating was upgraded by C.L. King. The firm has “Buy” rating given on Monday, October 23 by Stifel Nicolaus. Stifel Nicolaus maintained IDEXX Laboratories, Inc. (NASDAQ:IDXX) on Thursday, August 13 with “Buy” rating. CL King initiated IDEXX Laboratories, Inc. (NASDAQ:IDXX) on Friday, April 1 with “Neutral” rating. Feltl & Co upgraded IDEXX Laboratories, Inc. (NASDAQ:IDXX) rating on Friday, July 24. Feltl & Co has “Hold” rating and $69.50 target. Stifel Nicolaus maintained it with “Buy” rating and $80 target in Thursday, October 29 report. The stock of IDEXX Laboratories, Inc. (NASDAQ:IDXX) has “Neutral” rating given on Thursday, September 29 by Bank of America. The stock has “Outperform” rating by Credit Suisse on Wednesday, April 13.

Investors sentiment decreased to 0.86 in Q3 2017. Its down 0.33, from 1.19 in 2017Q2. It fall, as 39 investors sold IDXX shares while 196 reduced holdings. 55 funds opened positions while 146 raised stakes. 87.85 million shares or 15.07% more from 76.34 million shares in 2017Q2 were reported. Blackhill Cap holds 0.02% or 600 shares in its portfolio. 6,184 were reported by Strs Ohio. Moreover, Fred Alger Management has 0.04% invested in IDEXX Laboratories, Inc. (NASDAQ:IDXX). Denali Limited Com stated it has 0.72% of its portfolio in IDEXX Laboratories, Inc. (NASDAQ:IDXX). Ing Groep Nv holds 0.01% or 2,979 shares. Credit Suisse Ag holds 500,743 shares or 0.08% of its portfolio. 688,442 were accumulated by Federated Investors Pa. 9,170 are held by Friedberg Investment Mngmt. Fayez Sarofim accumulated 0% or 1,520 shares. Commerzbank Aktiengesellschaft Fi holds 3,905 shares or 0.01% of its portfolio. Lazard Asset Management Ltd Limited Liability Company stated it has 122,362 shares. State Common Retirement Fund holds 0.05% of its portfolio in IDEXX Laboratories, Inc. (NASDAQ:IDXX) for 252,700 shares. Next Grp Inc stated it has 0% in IDEXX Laboratories, Inc. (NASDAQ:IDXX). Moreover, Somerville Kurt F has 0.08% invested in IDEXX Laboratories, Inc. (NASDAQ:IDXX). Goldman Sachs Group Inc reported 0.02% in IDEXX Laboratories, Inc. (NASDAQ:IDXX).

Principal Financial Group Inc, which manages about $103.12B US Long portfolio, upped its stake in Tal Ed Group (NYSE:XRS) by 4.02 million shares to 4.82M shares, valued at $162.36 million in 2017Q3, according to the filing. It also increased its holding in Salesforce Com Inc (NYSE:CRM) by 235,869 shares in the quarter, for a total of 1.23 million shares, and has risen its stake in Meredith Corp (NYSE:MDP).

Among 23 analysts covering Ingersoll-Rand Plc (NYSE:IR), 13 have Buy rating, 0 Sell and 10 Hold. Therefore 57% are positive. Ingersoll-Rand Plc had 71 analyst reports since July 30, 2015 according to SRatingsIntel. As per Monday, September 25, the company rating was maintained by Morgan Stanley. Nomura upgraded Ingersoll-Rand Plc (NYSE:IR) rating on Monday, March 7. Nomura has “Buy” rating and $68 target. The rating was maintained by Stifel Nicolaus on Monday, September 11 with “Buy”. The stock of Ingersoll-Rand Plc (NYSE:IR) has “Buy” rating given on Monday, April 3 by Jefferies. On Thursday, April 14 the stock rating was maintained by Susquehanna with “Neutral”. Jefferies maintained Ingersoll-Rand Plc (NYSE:IR) rating on Friday, October 13. Jefferies has “Buy” rating and $105.0 target. The stock of Ingersoll-Rand Plc (NYSE:IR) earned “Outperform” rating by BMO Capital Markets on Wednesday, July 13. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, October 28 report. The stock of Ingersoll-Rand Plc (NYSE:IR) has “Hold” rating given on Wednesday, November 15 by Robert W. Baird. The firm has “Buy” rating given on Thursday, July 27 by UBS.

Investors sentiment increased to 1.16 in 2017 Q3. Its up 0.28, from 0.88 in 2017Q2. It improved, as 41 investors sold IR shares while 190 reduced holdings. 77 funds opened positions while 191 raised stakes. 202.31 million shares or 0.64% more from 201.02 million shares in 2017Q2 were reported. Keybank Association Oh has 0.01% invested in Ingersoll-Rand Plc (NYSE:IR) for 20,694 shares. 288,381 were reported by Ferguson Wellman Capital Mgmt. Alyeska Inv Limited Partnership holds 1.17M shares or 0.84% of its portfolio. Aqr Capital Mgmt Limited Liability accumulated 0.29% or 2.76M shares. Cantab Limited Liability Partnership has invested 0.26% in Ingersoll-Rand Plc (NYSE:IR). Kistler reported 500 shares. Teacher Retirement Systems Of Texas invested 0.03% of its portfolio in Ingersoll-Rand Plc (NYSE:IR). Lombard Odier Asset (Europe) Limited owns 3,585 shares or 0.02% of their US portfolio. 9,521 were reported by Everence Capital Management Incorporated. 66 are held by Farmers Merchants Inc. 6,890 are owned by Boston Private Wealth Ltd Liability Com. Amundi Pioneer Asset Management owns 392,460 shares. 129 are owned by Parkside State Bank. 94,945 were accumulated by Quantum Cap. Martingale Asset Limited Partnership reported 0.07% in Ingersoll-Rand Plc (NYSE:IR).

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




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: