Hemenway Trust Company Has Cut By $1.80 Million Its Ipg Photonics (IPGP) Position; Last Week IDEXX Laboratories, Inc. (IDXX) Analysts

February 15, 2018 - By Ellis Scott

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 has “Outperform” rating by Credit Suisse on Thursday, February 4. The firm has “Buy” rating by Stifel Nicolaus given on Monday, March 21. The rating was upgraded by C.L. King on Friday, July 28 to “Buy”. The company was maintained on Monday, August 21 by Stifel Nicolaus. The rating was reinitiated by Bank of America with “Neutral” on Thursday, September 29. The firm has “Buy” rating given on Thursday, February 1 by Stifel Nicolaus. As per Friday, April 1, the company rating was initiated by CL King. As per Wednesday, August 23, the company rating was upgraded by Bank of America. Feltl & Co downgraded the stock to “Sell” rating in Friday, February 3 report. As per Thursday, October 29, the company rating was maintained by Stifel Nicolaus. See IDEXX Laboratories, Inc. (NASDAQ:IDXX) latest ratings:

02/02/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $200 New Target: $220 Maintain
01/02/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $215.0 Maintain
01/02/2018 Broker: Piper Jaffray Rating: Buy New Target: $211.0
29/01/2018 Broker: Canaccord Genuity Rating: Buy New Target: $210.0 Maintain
16/01/2018 Broker: PiperJaffray Rating: Overweight New Target: $200 Initiates Coverage On
23/10/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $185.0 Maintain
05/10/2017 Broker: Canaccord Genuity Rating: Buy New Target: $180.0 Maintain
23/08/2017 Broker: Bank of America Old Rating: Neutral New Rating: Buy Upgrade
21/08/2017 Broker: Canaccord Genuity Rating: Buy New Target: $180.0 Maintain
21/08/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $185.0 Maintain

Hemenway Trust Company Llc decreased Ipg Photonics (IPGP) stake by 16.25% reported in 2017Q3 SEC filing. Hemenway Trust Company Llc sold 9,713 shares as Ipg Photonics (IPGP)’s stock rose 13.78%. The Hemenway Trust Company Llc holds 50,068 shares with $9.27 million value, down from 59,781 last quarter. Ipg Photonics now has $13.54B valuation. The stock increased 3.59% or $8.76 during the last trading session, reaching $252.46. About 301,361 shares traded. IPG Photonics Corporation (NASDAQ:IPGP) has risen 67.64% since February 15, 2017 and is uptrending. It has outperformed by 50.94% the S&P500.

Hemenway Trust Company Llc increased Fortive Corp stake by 7,265 shares to 44,454 valued at $3.15M in 2017Q3. It also upped Chubb Limited stake by 3,932 shares and now owns 102,608 shares. Novartis Ag Adr (NYSE:NVS) was raised too.

Since August 17, 2017, it had 0 insider buys, and 7 selling transactions for $11.36 million activity. 9,500 shares were sold by Shcherbakov Eugene A, worth $1.89M on Monday, October 16. $653,825 worth of IPG Photonics Corporation (NASDAQ:IPGP) shares were sold by Mammen Timothy PV. HURLEY WILLIAM S had sold 8,167 shares worth $1.35 million on Thursday, August 24. Another trade for 9,500 shares valued at $2.48 million was sold by Lopresti Angelo P. GAUTHIER HENRY E sold $1.29 million worth of stock.

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.24, from 1.26 in 2017Q2. It fall, as 30 investors sold IPGP shares while 137 reduced holdings. 73 funds opened positions while 98 raised stakes. 30.67 million shares or 0.23% more from 30.60 million shares in 2017Q2 were reported. Columbus Circle Invsts stated it has 73,934 shares. Navellier And Assoc owns 20,958 shares. Genesee Valley Trust owns 3,170 shares. Vident Investment Advisory Ltd Limited Liability Company owns 128,462 shares. 8 were accumulated by Cwm. Liberty Mutual Gru Asset Management holds 0.1% in IPG Photonics Corporation (NASDAQ:IPGP) or 9,829 shares. Aureus Asset Mgmt Limited Com accumulated 4,350 shares. Citadel Advsrs Ltd Co has 0.01% invested in IPG Photonics Corporation (NASDAQ:IPGP). New York State Teachers Retirement accumulated 41,400 shares. Amer Cap has 142,245 shares for 1.64% of their portfolio. First Republic Investment Mgmt holds 0% in IPG Photonics Corporation (NASDAQ:IPGP) or 2,337 shares. Moreover, Northern Trust has 0.01% invested in IPG Photonics Corporation (NASDAQ:IPGP) for 307,167 shares. 1832 Asset Mngmt Limited Partnership holds 0% or 7,200 shares. Macquarie holds 68,423 shares or 0.02% of its portfolio. Panagora Asset Mgmt reported 0% in IPG Photonics Corporation (NASDAQ:IPGP).

Among 13 analysts covering IPG Photonics (NASDAQ:IPGP), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. IPG Photonics had 33 analyst reports since September 15, 2015 according to SRatingsIntel. The rating was initiated by FBR Capital on Wednesday, May 11 with “Market Perform”. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, June 30. The stock of IPG Photonics Corporation (NASDAQ:IPGP) earned “Outperform” rating by Credit Agricole on Friday, April 29. As per Friday, April 29, the company rating was downgraded by CLSA. The firm earned “Buy” rating on Tuesday, June 20 by Needham. The stock of IPG Photonics Corporation (NASDAQ:IPGP) earned “Buy” rating by Needham on Tuesday, October 13. Dougherty & Company downgraded IPG Photonics Corporation (NASDAQ:IPGP) on Thursday, April 28 to “Neutral” rating. The stock of IPG Photonics Corporation (NASDAQ:IPGP) earned “Buy” rating by Needham on Tuesday, January 23. Raymond James initiated the stock with “Market Perform” rating in Friday, April 15 report. The firm has “Hold” rating given on Thursday, August 31 by Stifel Nicolaus.

Investors sentiment decreased to 0.86 in Q3 2017. Its down 0.33, from 1.19 in 2017Q2. It dived, as 39 investors sold IDEXX Laboratories, Inc. 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. Intl accumulated 30,951 shares or 0.02% of the stock. Td Asset Management Inc stated it has 44,095 shares. Great Lakes Ltd stated it has 4,639 shares or 0.02% of all its holdings. Hillsdale Inv Mngmt reported 2,160 shares stake. Employees Retirement Sys Of Ohio holds 0.06% in IDEXX Laboratories, Inc. (NASDAQ:IDXX) or 75,234 shares. Zacks Investment accumulated 6,016 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 20,089 shares. Suntrust Banks has invested 0.01% in IDEXX Laboratories, Inc. (NASDAQ:IDXX). Hills Bancorporation Tru owns 0.08% invested in IDEXX Laboratories, Inc. (NASDAQ:IDXX) for 1,683 shares. Livforsakringsbolaget Skandia Omsesidigt owns 1,700 shares or 0.02% of their US portfolio. Putnam Fl Mgmt Communications invested 0.07% in IDEXX Laboratories, Inc. (NASDAQ:IDXX). Paloma has invested 0.03% of its portfolio in IDEXX Laboratories, Inc. (NASDAQ:IDXX). Nuveen Asset Limited Liability holds 0% or 2,192 shares. Evercore Wealth Management Llc has invested 0.38% of its portfolio in IDEXX Laboratories, Inc. (NASDAQ:IDXX). New York-based Lazard Asset Management Limited Company has invested 0.04% in IDEXX Laboratories, Inc. (NASDAQ:IDXX).

IDEXX Laboratories, Inc., together with its subsidiaries, develops, makes, and distributes services and products primarily for the companion animal veterinary, livestock and poultry, dairy, and water testing markets worldwide. The company has market cap of $15.55 billion. It operates through Companion Animal Group; Water Quality Products; Livestock, Poultry and Dairy; and Other divisions. It has a 60.63 P/E ratio. The firm provides point-of-care veterinary diagnostic products, including instruments, consumables, and rapid assays; veterinary reference laboratory diagnostic and consulting services; practice management and diagnostic imaging systems and services for veterinarians; and biological materials testing, and laboratory animal diagnostic instruments and services for biomedical research community.

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