Halsey Associates Has Boosted Its Holding in Carpenter Technology (CRS) as Shares Rose; As Intuitive Surgical (ISRG) Share Value Rose, Holder Redmond Asset Management Cut Stake

September 14, 2018 - By Eric Painter

Carpenter Technology Corporation (NYSE:CRS) Logo

Redmond Asset Management Llc decreased its stake in Intuitive Surgical Inc. (ISRG) by 44.71% based on its latest 2018Q2 regulatory filing with the SEC. Redmond Asset Management Llc sold 2,036 shares as the company’s stock rose 12.05% with the market. The institutional investor held 2,518 shares of the health care company at the end of 2018Q2, valued at $1.21 million, down from 4,554 at the end of the previous reported quarter. Redmond Asset Management Llc who had been investing in Intuitive Surgical Inc. for a number of months, seems to be less bullish one the $64.93 billion market cap company. The stock increased 2.14% or $11.97 during the last trading session, reaching $570.79. About 214,467 shares traded. Intuitive Surgical, Inc. (NASDAQ:ISRG) has risen 57.77% since September 14, 2017 and is uptrending. It has outperformed by 42.15% the S&P500.

Halsey Associates Inc increased its stake in Carpenter Technology (CRS) by 15.58% based on its latest 2018Q2 regulatory filing with the SEC. Halsey Associates Inc bought 21,990 shares as the company’s stock rose 2.04% with the market. The institutional investor held 163,165 shares of the steel and iron ore company at the end of 2018Q2, valued at $8.58M, up from 141,175 at the end of the previous reported quarter. Halsey Associates Inc who had been investing in Carpenter Technology for a number of months, seems to be bullish on the $2.74B market cap company. The stock increased 0.31% or $0.18 during the last trading session, reaching $58.03. About 8,677 shares traded. Carpenter Technology Corporation (NYSE:CRS) has risen 44.88% since September 14, 2017 and is uptrending. It has outperformed by 29.26% the S&P500. Some Historical CRS News: 03/04/2018 – STRYKER REPORTS ORGANIZATIONAL CHANGES: LONNY J. CARPENTER TO R; 19/04/2018 – SCRIPTATION – CLOSED ITS SERIES B FINANCING ROUND LED BY ROB MORROW, RUSSELL CARPENTER AMONG OTHERS; 01/05/2018 – Carpenter Tech Non-Deal Roadshow Set By Seaport for May. 8; 09/04/2018 – Northeast Regional Council of Carpenters to Host First “Leading the Way” Conference to Honor Women Pioneers in the Carpenter’s Union; 26/04/2018 – Carpenter Tech 3Q EPS 63c; 18/04/2018 – Carpenter Declares Quarterly Cash Dividend; 28/03/2018 – Anthony Scaramucci, Dick Vitale, Josh Brown and Megan Carpenter Announced as Keynote Speakers at the 2018 Fearless Investing Su; 23/04/2018 – William F. Carpenter III Reports 5.3% Stake In LifePoint Health; 03/04/2018 – Stryker: Lonny Carpenter, Group President, Global Quality and Business Ops, to Retire in March 2019; 17/04/2018 – DEEP ECO: Carpenter Tech May Face Pressure, Iron and Steel Down

Redmond Asset Management Llc, which manages about $222.44 million and $235.66 million US Long portfolio, upped its stake in Autodesk Inc Com (NASDAQ:ADSK) by 7,007 shares to 13,897 shares, valued at $1.82M in 2018Q2, according to the filing. It also increased its holding in Usa Technologies Inc Com No Par (NASDAQ:USAT) by 70,293 shares in the quarter, for a total of 145,992 shares, and has risen its stake in Carmax Inc (NYSE:KMX).

More notable recent Intuitive Surgical, Inc. (NASDAQ:ISRG) news were published by: Fool.com which released: “How Intuitive Surgical, Inc. Shares Went Up 10% Last Month” on September 11, 2018, also Investorplace.com with their article: “5 Medical Device Stocks With Impressive Staying Power” published on September 13, 2018, Fool.com published: “Better Buy: Intuitive Surgical, Inc. vs. Johnson & Johnson” on August 26, 2018. More interesting news about Intuitive Surgical, Inc. (NASDAQ:ISRG) were released by: Forbes.com and their article: “What Will Drive Intuitive Surgical’s Near-Term Growth” published on August 23, 2018 as well as Seekingalpha.com‘s news article titled: “Oneok Is A Good Fixed Income Play – Cramer’s Lightning Round (9/12/18)” with publication date: September 13, 2018.

Among 21 analysts covering Intuitive Surgical Inc (NASDAQ:ISRG), 15 have Buy rating, 1 Sell and 5 Hold. Therefore 71% are positive. Intuitive Surgical Inc had 85 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating by Leerink Swann given on Wednesday, July 5. As per Monday, October 23, the company rating was maintained by Citigroup. The firm has “Buy” rating given on Sunday, September 6 by Wedbush. Piper Jaffray maintained it with “Hold” rating and $90000 target in Thursday, July 20 report. The firm has “Outperform” rating by Wedbush given on Wednesday, July 20. The stock of Intuitive Surgical, Inc. (NASDAQ:ISRG) earned “Buy” rating by Stifel Nicolaus on Thursday, January 25. Bank of America maintained it with “Buy” rating and $600 target in Tuesday, July 17 report. The stock of Intuitive Surgical, Inc. (NASDAQ:ISRG) has “Buy” rating given on Tuesday, April 17 by Cantor Fitzgerald. The firm has “Hold” rating by RBC Capital Markets given on Wednesday, April 18. As per Tuesday, July 25, the company rating was maintained by Morgan Stanley.

Analysts await Intuitive Surgical, Inc. (NASDAQ:ISRG) to report earnings on October, 18. They expect $2.24 EPS, down 12.16% or $0.31 from last year’s $2.55 per share. ISRG’s profit will be $254.79 million for 63.70 P/E if the $2.24 EPS becomes a reality. After $2.15 actual EPS reported by Intuitive Surgical, Inc. for the previous quarter, Wall Street now forecasts 4.19% EPS growth.

Investors sentiment increased to 1.29 in 2018 Q2. Its up 0.16, from 1.13 in 2018Q1. It improved, as 26 investors sold ISRG shares while 210 reduced holdings. 87 funds opened positions while 217 raised stakes. 94.27 million shares or 0.07% more from 94.20 million shares in 2018Q1 were reported. Cypress Cap holds 745 shares. Louisiana State Employees Retirement System holds 0.14% or 6,700 shares in its portfolio. Green Valley Invsts Limited Liability owns 22,532 shares for 0.51% of their portfolio. Burt Wealth Advisors has 0.01% invested in Intuitive Surgical, Inc. (NASDAQ:ISRG) for 54 shares. Girard Prtn Limited invested in 0.04% or 417 shares. Brown Advisory holds 1.19M shares. Moors And Cabot Incorporated accumulated 460 shares. Hbk Sorce Advisory Ltd Liability owns 676 shares for 0.04% of their portfolio. Brighton Jones Lc holds 2,940 shares. Barometer Mngmt has invested 0.4% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG). First Trust Limited Partnership invested 0.09% in Intuitive Surgical, Inc. (NASDAQ:ISRG). Martingale Asset Management L P, a Massachusetts-based fund reported 11,838 shares. Park Natl Corp Oh owns 2,103 shares for 0.06% of their portfolio. Canandaigua National Bank Co stated it has 2,163 shares. Capital Inv Counsel Inc invested 0.13% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG).

Since April 19, 2018, it had 0 buys, and 28 sales for $133.99 million activity. BARRATT CRAIG H sold $1.21 million worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) on Monday, June 4. RUBASH MARK J had sold 1,000 shares worth $490,000. The insider Samath Jamie sold $451,170. The insider Myriam Curet sold $1.25M. The insider Friedman Michael A sold 2,181 shares worth $999,198. 2,655 shares were sold by Brogna Salvatore, worth $1.23 million.

Another recent and important Carpenter Technology Corporation (NYSE:CRS) news was published by Gurufocus.com which published an article titled: “5 Low PE Stocks” on September 11, 2018.

Investors sentiment decreased to 0.93 in Q2 2018. Its down 0.33, from 1.26 in 2018Q1. It dived, as 23 investors sold CRS shares while 77 reduced holdings. 34 funds opened positions while 59 raised stakes. 43.10 million shares or 1.00% less from 43.54 million shares in 2018Q1 were reported. Pitcairn holds 0.02% or 4,292 shares. The California-based Schwab Charles Management Inc has invested 0.02% in Carpenter Technology Corporation (NYSE:CRS). Teacher Retirement Systems Of Texas has 0% invested in Carpenter Technology Corporation (NYSE:CRS) for 9,516 shares. Rice Hall James And Assoc Ltd has invested 0.58% in Carpenter Technology Corporation (NYSE:CRS). Arizona State Retirement Sys owns 32,582 shares or 0.02% of their US portfolio. Credit Suisse Ag reported 46,194 shares. State Treasurer State Of Michigan invested in 17,300 shares or 0.01% of the stock. Ubs Asset Management Americas owns 38,208 shares for 0% of their portfolio. Louisiana State Employees Retirement System holds 12,700 shares. 15,912 were accumulated by Meeder Asset. The New York-based Gotham Asset Mngmt Ltd has invested 0.01% in Carpenter Technology Corporation (NYSE:CRS). Hillcrest Asset Management Limited Co invested in 205,708 shares. The New York-based Laurion Mgmt LP has invested 0.01% in Carpenter Technology Corporation (NYSE:CRS). Legal & General Group Pcl reported 58,812 shares stake. Franklin Resources holds 0.04% of its portfolio in Carpenter Technology Corporation (NYSE:CRS) for 1.30 million shares.

Since May 1, 2018, it had 0 insider purchases, and 9 sales for $5.60 million activity. LAIN TIMOTHY sold $55,382 worth of Carpenter Technology Corporation (NYSE:CRS) on Friday, May 4. $555,000 worth of Carpenter Technology Corporation (NYSE:CRS) was sold by KAROL STEVEN E. Shares for $124,974 were sold by TURNER KATHRYN C. INGLIS I MARTIN also sold $125,811 worth of Carpenter Technology Corporation (NYSE:CRS) shares. DEE JAMES D had sold 3,684 shares worth $214,888 on Tuesday, May 15. 31,797 shares were sold by Thene Tony R, worth $1.87 million on Friday, May 18.

Intuitive Surgical, Inc. (NASDAQ:ISRG) Institutional Positions Chart

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