Corda Investment Management Increases Stake in Novartis Ag Adr (NVS); Northern Trust Has Increased Its Trimble (TRMB) Stake by $856,011; Valuation Rose

February 24, 2018 - By Darrin Black

Northern Trust Corp increased its stake in Trimble Inc (TRMB) by 0.88% based on its latest 2017Q3 regulatory filing with the SEC. Northern Trust Corp bought 21,949 shares as the company’s stock rose 13.95% with the market. The institutional investor held 2.52M shares of the industrial machinery and components company at the end of 2017Q3, valued at $99.01 million, up from 2.50 million at the end of the previous reported quarter. Northern Trust Corp who had been investing in Trimble Inc for a number of months, seems to be bullish on the $9.63B market cap company. The stock increased 1.28% or $0.49 during the last trading session, reaching $38.67. About 1.16 million shares traded or 9.97% up from the average. Trimble Inc. (NASDAQ:TRMB) has risen 51.45% since February 24, 2017 and is uptrending. It has outperformed by 34.75% the S&P500.

Corda Investment Management Llc increased its stake in Novartis Ag Adr (NVS) by 10.56% based on its latest 2017Q3 regulatory filing with the SEC. Corda Investment Management Llc bought 14,437 shares as the company’s stock rose 4.17% with the market. The institutional investor held 151,179 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $12.98 million, up from 136,742 at the end of the previous reported quarter. Corda Investment Management Llc who had been investing in Novartis Ag Adr for a number of months, seems to be bullish on the $199.20B market cap company. The stock increased 0.15% or $0.13 during the last trading session, reaching $85.33. About 1.13 million shares traded. Novartis AG (NYSE:NVS) has risen 7.67% since February 24, 2017 and is uptrending. It has underperformed by 9.03% the S&P500.

Since August 28, 2017, it had 0 buys, and 7 selling transactions for $12.51 million activity. Another trade for 200,000 shares valued at $7.93 million was made by BERGLUND STEVEN W on Wednesday, February 14. Shares for $277,840 were sold by PAINTER ROBERT G on Friday, February 16. Another trade for 3,714 shares valued at $143,583 was made by MATTHEWS DARRYL R on Wednesday, September 6. Shares for $2.03 million were sold by Gibson Chris on Wednesday, August 30. Another trade for 10,000 shares valued at $397,985 was made by PEEK MARK S on Tuesday, February 13. Another trade for 365 shares valued at $14,118 was sold by KIRKLAND JAMES A.

Investors sentiment decreased to 1.18 in Q3 2017. Its down 0.10, from 1.28 in 2017Q2. It is negative, as 18 investors sold TRMB shares while 126 reduced holdings. 39 funds opened positions while 131 raised stakes. 221.33 million shares or 0.83% less from 223.17 million shares in 2017Q2 were reported. Product Ptnrs Ltd Liability Co invested in 355,450 shares or 0.46% of the stock. 10,461 are held by Bessemer Group Incorporated Inc. State Street Corp stated it has 8.30 million shares or 0.03% of all its holdings. Pinnacle Assocs reported 1.62% in Trimble Inc. (NASDAQ:TRMB). 6,695 are owned by Brown Management Ltd Liability Corporation. Congress Asset Management Company Ma holds 0.09% of its portfolio in Trimble Inc. (NASDAQ:TRMB) for 149,558 shares. Quebec – Canada-based Caisse De Depot Et Placement Du Quebec has invested 0.01% in Trimble Inc. (NASDAQ:TRMB). Fdx Advsr owns 14,068 shares or 0.02% of their US portfolio. 39,840 are owned by Ig Invest Mgmt Ltd. Gsa Cap Prtn Llp invested 0.09% in Trimble Inc. (NASDAQ:TRMB). Andra Ap holds 76,200 shares. Amp Invsts Limited owns 0.02% invested in Trimble Inc. (NASDAQ:TRMB) for 88,189 shares. Geode Ltd Liability Corporation owns 0.03% invested in Trimble Inc. (NASDAQ:TRMB) for 2.18M shares. Wendell David Assoc has invested 0.1% of its portfolio in Trimble Inc. (NASDAQ:TRMB). 2.44 million are owned by Df Dent Commerce Inc.

Among 17 analysts covering Trimble Navigation Limited (NASDAQ:TRMB), 8 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. Trimble Navigation Limited had 38 analyst reports since August 5, 2015 according to SRatingsIntel. JP Morgan maintained the stock with “Overweight” rating in Friday, September 25 report. The stock of Trimble Inc. (NASDAQ:TRMB) has “Equal-Weight” rating given on Thursday, August 17 by Morgan Stanley. Wells Fargo maintained the shares of TRMB in report on Friday, October 27 with “Market Perform” rating. The rating was maintained by Oppenheimer on Friday, October 27 with “Outperform”. The stock has “Buy” rating by Needham on Thursday, February 9. The stock of Trimble Inc. (NASDAQ:TRMB) has “Neutral” rating given on Monday, October 5 by Robert W. Baird. The rating was maintained by Robert W. Baird with “Buy” on Thursday, October 26. Oppenheimer initiated Trimble Inc. (NASDAQ:TRMB) on Thursday, December 10 with “Outperform” rating. Piper Jaffray maintained Trimble Inc. (NASDAQ:TRMB) rating on Friday, September 29. Piper Jaffray has “Buy” rating and $43.0 target. Piper Jaffray maintained the shares of TRMB in report on Friday, August 25 with “Buy” rating.

Northern Trust Corp, which manages about $383.69 billion US Long portfolio, decreased its stake in Edgewell Pers Care Co by 15,458 shares to 478,197 shares, valued at $34.80 million in 2017Q3, according to the filing. It also reduced its holding in Rbc Bearings Inc (NASDAQ:ROLL) by 2,786 shares in the quarter, leaving it with 307,427 shares, and cut its stake in Shutterfly Inc (NASDAQ:SFLY).

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