Schroder Investment Management Group Boosted Its Position in 3M Co (MMM) as Share Value Rose; As Kla (KLAC) Shares Declined, Miller Howard Investments Has Upped Holding

September 14, 2018 - By Margaret Staats

KLA-Tencor Corporation (NASDAQ:KLAC) Logo

Schroder Investment Management Group increased its stake in 3M Co (MMM) by 9.31% based on its latest 2018Q2 regulatory filing with the SEC. Schroder Investment Management Group bought 80,298 shares as the company’s stock rose 0.89% with the market. The institutional investor held 942,888 shares of the medical and dental instruments company at the end of 2018Q2, valued at $184.78 million, up from 862,590 at the end of the previous reported quarter. Schroder Investment Management Group who had been investing in 3M Co for a number of months, seems to be bullish on the $121.73 billion market cap company. The stock decreased 0.73% or $1.53 during the last trading session, reaching $207.52. About 818,693 shares traded. 3M Company (NYSE:MMM) has declined 1.40% since September 14, 2017 and is downtrending. It has underperformed by 17.02% the S&P500. Some Historical MMM News: 16/05/2018 – WYNN DIRECTOR: SPECIAL COMMITTEE REVIEWED 3M DOCUMENTS; 21/03/2018 – ASPIRE GLOBAL PLC ASPIRE.ST – BOND LOAN HAS A 3-YEAR TENOR WITH A FLOATING INTEREST RATE OF EURIBOR 3M + 7.0 PERCENT AND A EURIBOR FLOOR OF ZERO; 24/04/2018 – 3M CO – QTRLY ORGANIC LOCAL-CURRENCY SALES GROWTH OF 2.8 PERCENT; 08/05/2018 – 3M CO SAYS EXPECTS FY 2018 GROSS SHARE REPURCHASES WILL BE IN THE RANGE OF $3.0 BLN TO $5.0 BLN – SEC FILING; 25/04/2018 – Australia 3M Interbank Yield at 1.83% by End-2Q18 (Survey); 05/03/2018 – 3M Elevates Company Veteran to CEO as Thulin Shifts to New Role; 30/05/2018 – 3M INDIA LTD TMIN.NS – APPROVES PROPOSAL FOR INVESTMENT IN 3M ELECTRO & COMMUNICATION INDIA FOR AMOUNT NOT EXCEEDING 5.90 BLN RUPEES; 21/03/2018 – Switzerland 3M Yield at -0.75% by End-18 (Survey); 15/05/2018 – SOROS FUND MANAGEMENT – CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DEC 31, 2017; 05/03/2018 – CNBC Now: BREAKING: 3M appoints Michael F. Roman as CEO,effective July 1. Current CEO Inge Thulin becomes executive

Miller Howard Investments Inc increased its stake in Kla (KLAC) by 51.57% based on its latest 2018Q2 regulatory filing with the SEC. Miller Howard Investments Inc bought 282,042 shares as the company’s stock declined 8.91% while stock markets rallied. The institutional investor held 828,918 shares of the electronic components company at the end of 2018Q2, valued at $84.99M, up from 546,876 at the end of the previous reported quarter. Miller Howard Investments Inc who had been investing in Kla for a number of months, seems to be bullish on the $16.24B market cap company. The stock decreased 0.16% or $0.17 during the last trading session, reaching $103.99. About 642,748 shares traded. KLA-Tencor Corporation (NASDAQ:KLAC) has risen 5.05% since September 14, 2017 and is uptrending. It has underperformed by 10.57% the S&P500. Some Historical KLAC News: 23/03/2018 – KLA-Tencor Closes Below 50-Day Moving Average: Technicals; 19/03/2018 – RPT-ORBOTECH LTD – KLA-TENCOR’S $2 BLN SHARE REPURCHASE PROGRAM IS TARGETED TO BE COMPLETED WITHIN 12 TO 18 MONTHS FOLLOWING CLOSE OF TRANSACTION; 19/03/2018 – RPT-ORBOTECH LTD – NO APPROVAL BY KLA-TENCOR STOCKHOLDERS IS REQUIRED FOR DEAL; 19/03/2018 – ORBOTECH LTD – TRANSACTION IS NOT SUBJECT TO ANY FINANCING CONDITIONALITY; 03/05/2018 – ORBOTECH LTD – ISRAEL ANTITRUST AUTHORITY GRANTED REQUEST BY KLA-TENCOR FOR AN EXEMPTION FROM ANY PREMERGER NOTIFICATION REQUIREMENT IN ISRAEL; 19/03/2018 – S&PGRBulletin: KLA-Tencor Rtgs Same On Purchase Of Orbotech; 19/03/2018 – KLA-TENCOR SAYS DEAL PROVIDES THAT UPON TERMINATION UNDER CIRCUMSTANCES ORBOTECH MAY BE REQUIRED TO PAY CO TERMINATION FEE OF $125 MLN – SEC FILING; 19/03/2018 – Chip gear maker KLA-Tencor to buy Orbotech for $3.4 bln; 19/03/2018 – KLA-Tencor to Fund Cash Portion of Deal With Cash From Combined Company’s Balance Sheet; 04/04/2018 – Australian Gov: US Patent Issued to KLA-Tencor on April 3 for “Extractor electrode for electron source” (California Inventor)

Among 17 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 3 Sell and 7 Hold. Therefore 41% are positive. 3M had 97 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of 3M Company (NYSE:MMM) earned “Hold” rating by Stifel Nicolaus on Wednesday, April 25. The company was maintained on Tuesday, August 25 by Deutsche Bank. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Citigroup on Wednesday, October 25. Deutsche Bank upgraded the stock to “Buy” rating in Tuesday, February 13 report. The rating was maintained by UBS with “Buy” on Friday, July 24. The rating was upgraded by Hilliard Lyons on Wednesday, January 24 to “Buy”. The company was maintained on Tuesday, April 12 by Jefferies. On Wednesday, December 16 the stock rating was maintained by RBC Capital Markets with “Underperform”. Barclays Capital maintained 3M Company (NYSE:MMM) on Friday, April 28 with “Buy” rating. The rating was maintained by Jefferies on Tuesday, September 26 with “Buy”.

Investors sentiment increased to 0.97 in Q2 2018. Its up 0.20, from 0.77 in 2018Q1. It is positive, as 73 investors sold MMM shares while 549 reduced holdings. 111 funds opened positions while 490 raised stakes. 374.25 million shares or 0.96% less from 377.88 million shares in 2018Q1 were reported. Private Wealth Prtnrs Ltd Limited Liability Company owns 12,871 shares. Toronto Dominion National Bank invested in 401,116 shares or 0.16% of the stock. Texas Permanent School Fund reported 0.39% in 3M Company (NYSE:MMM). Moreover, Putnam Fl Investment has 0.09% invested in 3M Company (NYSE:MMM) for 4,489 shares. Barnett reported 175 shares. Nuveen Asset Management Lc invested in 0.26% or 206,495 shares. Wharton Business Gp Limited Liability Corp stated it has 0.04% of its portfolio in 3M Company (NYSE:MMM). Balyasny Asset Mgmt Limited Liability Corporation owns 115,631 shares. Massachusetts Fincl Ser Ma holds 0.96% in 3M Company (NYSE:MMM) or 11.38M shares. Meyer Handelman holds 2.16% or 214,199 shares. Sei Invs owns 0.06% invested in 3M Company (NYSE:MMM) for 87,583 shares. Barr E S stated it has 0.03% in 3M Company (NYSE:MMM). Allsquare Wealth Mgmt holds 0.04% in 3M Company (NYSE:MMM) or 274 shares. Edgewood Mngmt Limited Liability Com owns 676,355 shares. The Illinois-based Magnetar Fin Limited Liability Corp has invested 0.01% in 3M Company (NYSE:MMM).

Schroder Investment Management Group, which manages about $42.96 billion and $57.12B US Long portfolio, decreased its stake in Deluxe Corporation Common Stock Usd1 (NYSE:DLX) by 9,800 shares to 1.06 million shares, valued at $70.14 million in 2018Q2, according to the filing. It also reduced its holding in Centennial Resource Development Incorporated Common Stock Npv by 28,115 shares in the quarter, leaving it with 503,037 shares, and cut its stake in Valmont Industries Incorporated Common Stock Usd1 (NYSE:VMI).

Since September 10, 2018, it had 0 insider buys, and 1 insider sale for $274,752 activity.

Another recent and important 3M Company (NYSE:MMM) news was published by Seekingalpha.com which published an article titled: “RBC: Costs will be 3M overhang until results” on September 12, 2018.

Investors sentiment decreased to 0.96 in 2018 Q2. Its down 0.20, from 1.16 in 2018Q1. It fall, as 37 investors sold KLAC shares while 193 reduced holdings. 69 funds opened positions while 151 raised stakes. 139.20 million shares or 1.03% more from 137.77 million shares in 2018Q1 were reported. Gateway Inv Advisers Limited Com holds 0.01% of its portfolio in KLA-Tencor Corporation (NASDAQ:KLAC) for 7,528 shares. Csat Invest Advisory LP holds 85 shares. The California-based California Employees Retirement System has invested 0.05% in KLA-Tencor Corporation (NASDAQ:KLAC). Bp Public Limited owns 27,800 shares for 0.09% of their portfolio. Tennessee-based First Mercantile Trust has invested 0.04% in KLA-Tencor Corporation (NASDAQ:KLAC). Piedmont Investment Advisors Limited Liability Corporation owns 1,765 shares for 0.01% of their portfolio. Comerica Natl Bank has invested 0.04% of its portfolio in KLA-Tencor Corporation (NASDAQ:KLAC). Kentucky-based Hl Service Ltd Liability Corp has invested 0.01% in KLA-Tencor Corporation (NASDAQ:KLAC). Westpac Banking stated it has 0% of its portfolio in KLA-Tencor Corporation (NASDAQ:KLAC). Nuveen Asset Mgmt Ltd Liability Corp reported 0% in KLA-Tencor Corporation (NASDAQ:KLAC). Voya Inv Management Ltd holds 0.03% or 156,270 shares. Ibm Retirement Fund holds 2,981 shares or 0.06% of its portfolio. Lazard Asset Mgmt Ltd Liability Corporation invested in 100,450 shares. Covenant Multifamily Offices Limited Liability Com, Texas-based fund reported 37,011 shares. Oak Assocs Oh has invested 3.85% in KLA-Tencor Corporation (NASDAQ:KLAC).

Miller Howard Investments Inc, which manages about $6.68B and $4.17 billion US Long portfolio, decreased its stake in Baker Hughes A Ge Co Cl A by 9,548 shares to 102,538 shares, valued at $3.39M in 2018Q2, according to the filing. It also reduced its holding in Oge Energy Corp Com (NYSE:OGE) by 86,212 shares in the quarter, leaving it with 211,176 shares, and cut its stake in Vodafone Group Plc New Sponsor (NASDAQ:VOD).

More notable recent KLA-Tencor Corporation (NASDAQ:KLAC) news were published by: Nasdaq.com which released: “How to Go Long Micron Safely” on September 10, 2018, also Nasdaq.com with their article: “Can Semiconductor Stocks Avert This Disaster?” published on September 08, 2018, Seekingalpha.com published: “Orbotech: A Sweet Arbitrage Play” on September 06, 2018. More interesting news about KLA-Tencor Corporation (NASDAQ:KLAC) were released by: Seekingalpha.com and their article: “Semi stocks limp towards the weekend” published on September 07, 2018 as well as Seekingalpha.com‘s news article titled: “Micron: Correcting False Headlines And Misconceptions” with publication date: September 10, 2018.

Among 22 analysts covering KLA-Tencor Corporation (NASDAQ:KLAC), 15 have Buy rating, 0 Sell and 7 Hold. Therefore 68% are positive. KLA-Tencor Corporation had 74 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Needham on Friday, January 26 with “Buy”. RBC Capital Markets maintained the shares of KLAC in report on Friday, July 31 with “Sector Perform” rating. The firm has “Neutral” rating given on Friday, October 23 by Citigroup. The rating was upgraded by Credit Agricole on Friday, September 25 to “Outperform”. The stock has “Buy” rating by KeyBanc Capital Markets on Thursday, April 12. Evercore upgraded KLA-Tencor Corporation (NASDAQ:KLAC) rating on Tuesday, September 4. Evercore has “Outperform” rating and $140 target. KeyBanc Capital Markets upgraded the shares of KLAC in report on Monday, December 18 to “Overweight” rating. As per Thursday, November 16, the company rating was maintained by KeyBanc Capital Markets. As per Thursday, October 22, the company rating was downgraded by Piper Jaffray. B. Riley & Co maintained KLA-Tencor Corporation (NASDAQ:KLAC) rating on Friday, July 28. B. Riley & Co has “Buy” rating and $12000 target.

KLA-Tencor Corporation (NASDAQ:KLAC) Institutional Positions Chart

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