AMETEK, Inc. $AME Shares Sold by Savant Capital LLC
Savant Capital LLC significantly reduced its stake in AMETEK, Inc. (NYSE:AME) by 65.8% in Q4, selling over 10,000 shares. Despite this, AMETEK reported stronger-than-expected quarterly results with EPS of $1.97 and revenue of $1.93 billion, and analysts maintain a "Moderate Buy" rating with an average price target of $252.33. The company also declared a quarterly dividend of $0.34 per share and several other institutional investors increased their positions in the stock.
Goldman Sachs Adjusts Price Target on NetApp to $200 From $127, Maintains Buy Rating
Goldman Sachs has significantly increased its price target for NetApp (NTAP) to $200 from $127, while reiterating a "Buy" rating on the stock. This adjustment reflects a strong positive outlook for the company, following similar upgrades from other firms like Argus Research and Barclays. NetApp specializes in data management and storage equipment, with strong sales in products, support, and cloud services.
TD Cowen Initiates Odyssey Therapeutics at Buy
TD Cowen has initiated coverage of Odyssey Therapeutics Inc. with a "Buy" rating. This news follows a recent "Overweight" rating from JPMorgan and Odyssey Therapeutics' addition to the NASDAQ Composite Index in May. Odyssey Therapeutics is a clinical-stage biopharmaceutical company focused on developing treatments for inflammatory and autoimmune diseases.
Legal & General Group Plc Has $17.57 Million Stake in Conagra Brands $CAG
Legal & General Group Plc has reported a $17.57 million stake in Conagra Brands, despite reducing its position by 9.1% in the fourth quarter. Conagra Brands (NYSE:CAG) is trading near its 52-week low, and analyst sentiment remains weak with a "Reduce" consensus rating and a target price of $15.47. The company recently declared a quarterly dividend of $0.35 per share, resulting in a high yield, and experienced mixed Q4 earnings results.
Church & Dwight Co., Inc. $CHD Shares Sold by National Pension Service
National Pension Service significantly reduced its stake in Church & Dwight Co., Inc. by 97.0% during the fourth quarter, selling 358,028 shares. Following this, their holdings in CHD were valued at $918,000. Other institutional investors showed mixed activity, with some increasing and others initiating positions in the company's stock.
Rockwell Automation, Inc. $ROK Shares Sold by Savant Capital LLC
Savant Capital LLC reduced its stake in Rockwell Automation (NYSE:ROK) by 48.2% during the fourth quarter, selling 2,876 shares and holding 3,097 shares valued at $1.205 million. Other hedge funds also adjusted their positions, while company insiders sold over 11,000 shares worth more than $5 million in the last ninety days. Rockwell Automation recently beat earnings estimates, reported a revenue increase, and announced a quarterly dividend of $1.38 per share.
Intech Investment Management LLC Purchases 2,116 Shares of Cavco Industries, Inc. $CVCO
Intech Investment Management LLC significantly increased its stake in Cavco Industries (NASDAQ:CVCO) by 58% in Q4, acquiring an additional 2,116 shares to bring its total holding to 5,766 shares valued at approximately $3.4 million. This move comes as Cavco Industries reported better-than-expected earnings of $5.42 per share, although revenue was slightly below estimates. Analysts currently have a "Moderate Buy" consensus rating for the stock, with an average target price of $550.00.
National Pension Service Buys 14,701 Shares of Textron Inc. $TXT
National Pension Service has increased its stake in Textron Inc. (NYSE:TXT) by 17.5%, purchasing an additional 14,701 shares, bringing its total holdings to 98,656 shares valued at $8.6 million. Other institutional investors also adjusted their positions in Textron, which currently has a "Hold" rating from analysts with a consensus price target of $101.18. Textron recently announced a quarterly dividend of $0.02 per share and reported strong Q1 earnings, beating analyst estimates.
FirstEnergy Corporation $FE Shares Purchased by Intech Investment Management LLC
Intech Investment Management LLC significantly increased its stake in FirstEnergy Corporation ($FE) by 42.8% in Q4, bringing its total holdings to 85,247 shares valued at $3.8 million. Other institutional investors also adjusted their positions, with overall institutional and hedge fund ownership reaching 89.41%. Despite FirstEnergy meeting earnings estimates for the quarter and beating revenue expectations, the stock saw a 2.1% dip, and there has been recent insider selling activity.
National Pension Service Sells 142,733 Shares of VeriSign, Inc. $VRSN
National Pension Service has significantly reduced its stake in VeriSign, Inc. (NASDAQ:VRSN) by selling 142,733 shares, decreasing its holdings by 87.4% in Q4. Despite this, several other institutional investors like Vanguard Group Inc. and State Street Corp increased their positions in the company during Q3 and Q4. VeriSign reported strong quarterly earnings and revenue, exceeding analyst estimates, and announced a dividend of $0.81 per share.