Installed Building Products In (IBP) Holder Pier Capital Has Cut Its Holding by $594,368; As Johnson & Johnson (JNJ) Share Price Rose, Tweedy Browne Company Trimmed Position by $840,450

Pier Capital Llc decreased its stake in Installed Building Products In (IBP) by 8.74% based on its latest 2017Q3 regulatory filing with the SEC. Pier Capital Llc sold 9,287 shares as the company’s stock rose 17.15% with the market. The institutional investor held 96,939 shares of the basic industries company at the end of 2017Q3, valued at $6.28 million, down from 106,226 at the end of the previous reported quarter. Pier Capital Llc who had been investing in Installed Building Products In for a number of months, seems to be less bullish one the $2.17B market cap company. The stock decreased 0.22% or $0.15 during the last trading session, reaching $68. About 397,601 shares traded or 92.11% up from the average. Installed Building Products, Inc. (NYSE:IBP) has risen 54.12% since February 28, 2017 and is uptrending. It has outperformed by 37.42% the S&P500.

Tweedy Browne Company Llc decreased its stake in Johnson & Johnson (JNJ) by 0.28% based on its latest 2017Q3 regulatory filing with the SEC. Tweedy Browne Company Llc sold 6,465 shares as the company’s stock rose 6.85% with the market. The hedge fund held 2.29M shares of the major pharmaceuticals company at the end of 2017Q3, valued at $298.06M, down from 2.30 million at the end of the previous reported quarter. Tweedy Browne Company Llc who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $353.26B market cap company. The stock decreased 0.30% or $0.4 during the last trading session, reaching $131.67. About 7.16M shares traded. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since February 28, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

Since February 15, 2018, it had 0 insider purchases, and 1 insider sale for $20.17 million activity.

Investors sentiment is 0.83 in Q3 2017. Its the same as in 2017Q2. It is without change, as 45 investors sold JNJ shares while 871 reduced holdings. only 111 funds opened positions while 645 raised stakes. 1.71 billion shares or 0.90% less from 1.73 billion shares in 2017Q2 were reported. Naples Glob Advsrs Limited Liability Company holds 0.83% or 19,139 shares in its portfolio. South Dakota Inv Council has 0.91% invested in Johnson & Johnson (NYSE:JNJ). Jaffetilchin Inv Prtn Limited Liability Corp reported 3,352 shares stake. Marathon Capital Mngmt holds 1.36% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 24,857 shares. Moreover, City Tru Fl has 2.13% invested in Johnson & Johnson (NYSE:JNJ) for 41,217 shares. R G Niederhoffer Mngmt accumulated 3,900 shares. Nexus Investment Management holds 0.2% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 10,026 shares. Rodgers Brothers Inc invested in 67,780 shares. 9.76 million were reported by Pnc Grp. Riverbridge Prtn Ltd Liability Com reported 28,368 shares. City Holdings has 1.33% invested in Johnson & Johnson (NYSE:JNJ). Morgan Stanley holds 20.57 million shares or 0.8% of its portfolio. Garrison Financial Corporation reported 30,396 shares stake. Princeton Portfolio Strategies Gp Limited Co has 91,726 shares. Sheets Smith Wealth Management holds 0.47% or 14,252 shares in its portfolio.

Tweedy Browne Company Llc, which manages about $20.69B and $3.68 billion US Long portfolio, upped its stake in Mrc Global Inc. (NYSE:MRC) by 684,179 shares to 5.16M shares, valued at $90.17M in 2017Q3, according to the filing.

Analysts await Johnson & Johnson (NYSE:JNJ) to report earnings on April, 17. They expect $2.01 earnings per share, up 9.84% or $0.18 from last year’s $1.83 per share. JNJ’s profit will be $5.39B for 16.38 P/E if the $2.01 EPS becomes a reality. After $1.74 actual earnings per share reported by Johnson & Johnson for the previous quarter, Wall Street now forecasts 15.52% EPS growth.

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 12 have Buy rating, 5 Sell and 6 Hold. Therefore 52% are positive. Johnson & Johnson had 89 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Underweight” rating by Alembic on Friday, July 21. As per Friday, June 16, the company rating was maintained by Jefferies. The firm has “Buy” rating by Deutsche Bank given on Tuesday, September 29. Jefferies upgraded the stock to “Buy” rating in Wednesday, October 11 report. Standpoint Research initiated the stock with “Sell” rating in Friday, May 20 report. The firm earned “Buy” rating on Thursday, August 31 by BMO Capital Markets. The stock of Johnson & Johnson (NYSE:JNJ) has “Outperform” rating given on Wednesday, July 20 by RBC Capital Markets. On Monday, March 14 the stock rating was upgraded by Goldman Sachs to “Neutral”. On Wednesday, January 25 the stock rating was maintained by RBC Capital Markets with “Outperform”. Jefferies maintained Johnson & Johnson (NYSE:JNJ) rating on Tuesday, September 13. Jefferies has “Hold” rating and $115 target.

Since September 19, 2017, it had 0 insider purchases, and 10 insider sales for $14.68 million activity. 11,344 shares valued at $680,640 were sold by Miller Michael Thomas on Friday, September 22. Elliott Jay P. sold 2,500 shares worth $161,521.

Pier Capital Llc, which manages about $576.61M US Long portfolio, upped its stake in Welbilt Inc by 61,867 shares to 348,392 shares, valued at $8.03M in 2017Q3, according to the filing. It also increased its holding in Hostess Brands Inc by 27,468 shares in the quarter, for a total of 404,876 shares, and has risen its stake in Nv5 Global Inc (NASDAQ:NVEE).

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