Barnes Group (B) Valuation Rose While Wooster Corthell Wealth Management Decreased by $576,940 Its Holding; Seagate Technology Plc (STX) Stake Raised by Emory University

February 15, 2018 - By Marie Mckinney

Wooster Corthell Wealth Management Inc decreased its stake in Barnes Group Inc (B) by 10.03% based on its latest 2017Q3 regulatory filing with the SEC. Wooster Corthell Wealth Management Inc sold 8,242 shares as the company’s stock rose 8.42% with the market. The institutional investor held 73,942 shares of the capital goods company at the end of 2017Q3, valued at $5.21M, down from 82,184 at the end of the previous reported quarter. Wooster Corthell Wealth Management Inc who had been investing in Barnes Group Inc for a number of months, seems to be less bullish one the $3.33 billion market cap company. The stock increased 1.91% or $1.16 during the last trading session, reaching $62.08. About 63,594 shares traded. Barnes Group Inc. (NYSE:B) has risen 67.01% since February 15, 2017 and is uptrending. It has outperformed by 50.31% the S&P500.

Emory University increased its stake in Seagate Technology Plc (STX) by 38.22% based on its latest 2017Q3 regulatory filing with the SEC. Emory University bought 13,977 shares as the company’s stock declined 9.82% while stock markets rallied. The institutional investor held 50,550 shares of the electronic components company at the end of 2017Q3, valued at $1.68M, up from 36,573 at the end of the previous reported quarter. Emory University who had been investing in Seagate Technology Plc for a number of months, seems to be bullish on the $14.61B market cap company. The stock decreased 0.16% or $0.08 during the last trading session, reaching $51.29. About 1.75 million shares traded. Seagate Technology plc (NASDAQ:STX) has risen 107.16% since February 15, 2017 and is uptrending. It has outperformed by 90.46% the S&P500.

Among 34 analysts covering Seagate Technology Plc (NASDAQ:STX), 8 have Buy rating, 3 Sell and 23 Hold. Therefore 24% are positive. Seagate Technology Plc had 132 analyst reports since August 4, 2015 according to SRatingsIntel. On Tuesday, October 11 the stock rating was maintained by FBN Securities with “Sector Perform”. The company was maintained on Monday, October 23 by Mizuho. As per Wednesday, January 25, the company rating was maintained by Benchmark. The rating was initiated by UBS on Thursday, September 10 with “Sell”. Benchmark maintained the shares of STX in report on Tuesday, July 25 with “Hold” rating. Guggenheim initiated Seagate Technology plc (NASDAQ:STX) on Wednesday, January 4 with “Neutral” rating. The rating was downgraded by Maxim Group to “Hold” on Monday, November 2. Loop Capital Markets initiated Seagate Technology plc (NASDAQ:STX) rating on Monday, July 24. Loop Capital Markets has “Buy” rating and $5000 target. The rating was maintained by Stifel Nicolaus with “Hold” on Tuesday, July 25. Cowen & Co maintained it with “Hold” rating and $53.0 target in Monday, January 29 report.

Since October 23, 2017, it had 0 buys, and 10 insider sales for $29.78 million activity. PARK CHONG SUP sold 4,026 shares worth $218,290. BRACE PHILIP G sold $1.67M worth of stock. Shares for $1.96 million were sold by MORTON DAVID H JR on Monday, January 8. LUCZO STEPHEN J had sold 100,000 shares worth $4.90M. On Wednesday, January 31 the insider MURPHY JAMES J sold $781,850.

Investors sentiment decreased to 0.78 in Q3 2017. Its down 0.52, from 1.3 in 2017Q2. It turned negative, as 73 investors sold STX shares while 163 reduced holdings. 57 funds opened positions while 126 raised stakes. 259.60 million shares or 1.44% more from 255.91 million shares in 2017Q2 were reported. Ls Inv Advsr Ltd Company holds 0.03% or 15,105 shares. Public Employees Retirement Association Of Colorado has 0.01% invested in Seagate Technology plc (NASDAQ:STX). Jefferies Group Limited Liability Company accumulated 0.01% or 39,775 shares. 7,205 were reported by Rdl Financial. Numeric Invsts holds 0% or 12,500 shares in its portfolio. Bell Bankshares stated it has 82,787 shares or 0.8% of all its holdings. Sei Investments has 0.01% invested in Seagate Technology plc (NASDAQ:STX) for 114,184 shares. Balyasny Asset Mgmt Lc reported 17,771 shares stake. San Francisco Sentry Investment Grp Inc (Ca) reported 0.02% of its portfolio in Seagate Technology plc (NASDAQ:STX). North Star Investment Mgmt invested 0% of its portfolio in Seagate Technology plc (NASDAQ:STX). Chevy Chase Hldg stated it has 0.04% of its portfolio in Seagate Technology plc (NASDAQ:STX). Fdx Advsrs owns 61,012 shares or 0.06% of their US portfolio. Thrivent Fincl For Lutherans accumulated 12,471 shares. Ohio-based Oak Associates Limited Oh has invested 0.8% in Seagate Technology plc (NASDAQ:STX). Zurcher Kantonalbank (Zurich Cantonalbank) has 0.02% invested in Seagate Technology plc (NASDAQ:STX) for 63,736 shares.

Since August 22, 2017, it had 0 buys, and 1 insider sale for $46,221 activity.

Wooster Corthell Wealth Management Inc, which manages about $189.91M and $181.53 million US Long portfolio, upped its stake in Vanguard Scottsdale Fds (VGIT) by 6,581 shares to 223,846 shares, valued at $14.47 million in 2017Q3, according to the filing.

Analysts await Barnes Group Inc. (NYSE:B) to report earnings on February, 16 before the open. They expect $0.68 earnings per share, up 1.49% or $0.01 from last year’s $0.67 per share. B’s profit will be $36.45M for 22.82 P/E if the $0.68 EPS becomes a reality. After $0.66 actual earnings per share reported by Barnes Group Inc. for the previous quarter, Wall Street now forecasts 3.03% EPS growth.

Among 8 analysts covering Barnes Group (NYSE:B), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Barnes Group had 23 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, January 19 by SunTrust. The company was maintained on Wednesday, June 7 by Jefferies. The firm has “Neutral” rating by DA Davidson given on Friday, December 11. Deutsche Bank maintained it with “Buy” rating and $70 target in Friday, September 8 report. Buckingham Research initiated Barnes Group Inc. (NYSE:B) on Monday, October 19 with “Neutral” rating. Oppenheimer maintained the shares of B in report on Monday, October 26 with “Outperform” rating. The stock has “Hold” rating by SunTrust on Monday, January 8. Sidoti upgraded Barnes Group Inc. (NYSE:B) on Tuesday, January 12 to “Buy” rating. The rating was maintained by Oppenheimer with “Outperform” on Friday, February 12. The rating was maintained by Robert W. Baird with “Hold” on Friday, October 27.

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