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Chemical Bank Holding in Automatic Data Processing (ADP) Trimmed as Stock Price Declined; Medtronic Plc (MDT) Stake Upped by Two Sigma Securities Llc

Chemical Bank decreased its stake in Automatic Data Processing Inc (ADP) by 8.92% based on its latest 2017Q3 regulatory filing with the SEC. Chemical Bank sold 8,853 shares as the company’s stock declined 1.06% while stock markets rallied. The institutional investor held 90,407 shares of the technology company at the end of 2017Q3, valued at $9.88M, down from 99,260 at the end of the previous reported quarter. Chemical Bank who had been investing in Automatic Data Processing Inc for a number of months, seems to be less bullish one the $53.86B market cap company. The stock increased 0.45% or $0.54 during the last trading session, reaching $121.44. About 1.96 million shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 15.83% since January 20, 2017 and is uptrending. It has underperformed by 0.87% the S&P500.

Two Sigma Securities Llc increased its stake in Medtronic Plc (MDT) by 190.5% based on its latest 2017Q3 regulatory filing with the SEC. Two Sigma Securities Llc bought 9,946 shares as the company’s stock rose 5.51% with the market. The hedge fund held 15,167 shares of the electromedical & electrotherapeutic apparatus company at the end of 2017Q3, valued at $1.18 million, up from 5,221 at the end of the previous reported quarter. Two Sigma Securities Llc who had been investing in Medtronic Plc for a number of months, seems to be bullish on the $117.32 billion market cap company. The stock decreased 0.66% or $0.58 during the last trading session, reaching $86.68. About 7.31M shares traded or 35.43% up from the average. Medtronic plc (NYSE:MDT) has risen 4.04% since January 20, 2017 and is uptrending. It has underperformed by 12.66% the S&P500.

Analysts await Automatic Data Processing, Inc. (NASDAQ:ADP) to report earnings on February, 7. They expect $0.89 EPS, up 2.30% or $0.02 from last year’s $0.87 per share. ADP’s profit will be $394.70M for 34.11 P/E if the $0.89 EPS becomes a reality. After $0.91 actual EPS reported by Automatic Data Processing, Inc. for the previous quarter, Wall Street now forecasts -2.20% negative EPS growth.

Since September 1, 2017, it had 0 insider purchases, and 19 selling transactions for $30.33 million activity. $5.68 million worth of stock was sold by Siegmund Jan on Monday, January 1. O’Brien Dermot J had sold 4,098 shares worth $437,011. 2,239 Automatic Data Processing, Inc. (NASDAQ:ADP) shares with value of $259,156 were sold by Black Maria. Another trade for 2,275 shares valued at $263,968 was made by Weinstein Donald on Tuesday, January 2. Another trade for 5,688 shares valued at $659,979 was made by JONES JOHN P III on Tuesday, January 2. Flynn Edward B III had sold 7,886 shares worth $928,498 on Tuesday, January 9.

Among 19 analysts covering Automatic Data (NASDAQ:ADP), 5 have Buy rating, 2 Sell and 12 Hold. Therefore 26% are positive. Automatic Data had 51 analyst reports since August 3, 2015 according to SRatingsIntel. Robert W. Baird downgraded Automatic Data Processing, Inc. (NASDAQ:ADP) rating on Friday, July 29. Robert W. Baird has “Neutral” rating and $94 target. The firm earned “Hold” rating on Friday, January 12 by Citigroup. The stock has “Neutral” rating by Wedbush on Friday, September 9. The rating was maintained by BMO Capital Markets with “Hold” on Tuesday, September 12. On Tuesday, November 3 the stock rating was maintained by Argus Research with “Buy”. The firm earned “Buy” rating on Tuesday, May 3 by Argus Research. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, February 4. The firm earned “Hold” rating on Thursday, July 27 by Stifel Nicolaus. Evercore downgraded Automatic Data Processing, Inc. (NASDAQ:ADP) on Friday, June 2 to “Underperform” rating. The firm has “Market Perform” rating by William Blair given on Friday, July 21.

Investors sentiment decreased to 0.68 in 2017 Q3. Its down 0.09, from 0.77 in 2017Q2. It worsened, as 60 investors sold ADP shares while 457 reduced holdings. 109 funds opened positions while 241 raised stakes. 342.26 million shares or 3.77% less from 355.68 million shares in 2017Q2 were reported. Broderick Brian C owns 2.99% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 75,900 shares. Intact Inv Mngmt reported 0.09% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Meristem Llp reported 0.15% in Automatic Data Processing, Inc. (NASDAQ:ADP). The Illinois-based Barbara Oil has invested 0.38% in Automatic Data Processing, Inc. (NASDAQ:ADP). Farmers Trust, Ohio-based fund reported 4,449 shares. The Michigan-based Asset Mngmt Inc has invested 0.17% in Automatic Data Processing, Inc. (NASDAQ:ADP). Burns J W & Co holds 3,390 shares. Main Street Research Lc holds 6,052 shares. Windward Ca reported 9,674 shares. Moreover, Mcdaniel Terry & Co has 4.48% invested in Automatic Data Processing, Inc. (NASDAQ:ADP). Pennsylvania-based Godshalk Welsh Cap Management has invested 1.19% in Automatic Data Processing, Inc. (NASDAQ:ADP). Atria Limited Liability Co reported 22,769 shares. Ibm Retirement Fund reported 11,164 shares. Us Fincl Bank De accumulated 0.29% or 837,545 shares. Community Bancorporation Na holds 24,687 shares or 0.3% of its portfolio.

Among 28 analysts covering Medtronic (NYSE:MDT), 19 have Buy rating, 0 Sell and 9 Hold. Therefore 68% are positive. Medtronic had 78 analyst reports since August 10, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Buy” rating in Tuesday, August 22 report. The stock of Medtronic plc (NYSE:MDT) has “Buy” rating given on Wednesday, April 19 by RBC Capital Markets. The stock of Medtronic plc (NYSE:MDT) has “Outperform” rating given on Monday, August 10 by Credit Suisse. As per Tuesday, August 22, the company rating was maintained by BTIG Research. Needham maintained Medtronic plc (NYSE:MDT) rating on Tuesday, June 7. Needham has “Buy” rating and $93 target. The rating was maintained by Needham on Tuesday, November 21 with “Buy”. Guggenheim initiated the stock with “Neutral” rating in Thursday, June 9 report. As per Wednesday, March 2, the company rating was maintained by Morgan Stanley. The firm has “Buy” rating by Oppenheimer given on Friday, May 26. UBS initiated the shares of MDT in report on Tuesday, September 22 with “Buy” rating.

Two Sigma Securities Llc, which manages about $1.09B US Long portfolio, decreased its stake in 3M Co (NYSE:MMM) by 4,590 shares to 1,939 shares, valued at $407,000 in 2017Q3, according to the filing. It also reduced its holding in Vanguard Bd Index Fd Inc (BND) by 8,573 shares in the quarter, leaving it with 28,016 shares, and cut its stake in Select Sector Spdr Tr (XLY).

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