Tukman Grossman Capital Management Decreased By $6.84 Million Its International Business M (IBM) Position; W R Grace & Co (GRA)’s Sentiment Is 1.21

January 18, 2018 - By rebbecca

W. R. Grace & Co. produces and sells specialty chemicals and materials worldwide. The company has market cap of $5.00 billion. It operates through two divisions, Grace Catalysts Technologies and Grace Materials Technologies. It has a 33.96 P/E ratio. The Grace Catalysts Technologies segment offers fluid catalytic cracking catalysts for the production of transportation fuels, such as gasoline and diesel fuels, and other petroleum products; FCC additives; and hydro processing catalysts used in process reactors to upgrade heavy oils into lighter products.

Tukman Grossman Capital Management Inc decreased International Business M (IBM) stake by 63.08% reported in 2017Q3 SEC filing. Tukman Grossman Capital Management Inc sold 47,200 shares as International Business M (IBM)’s stock declined 15.88%. The Tukman Grossman Capital Management Inc holds 27,628 shares with $4.01M value, down from 74,828 last quarter. International Business M now has $156.14B valuation. The stock increased 2.93% or $4.8 during the last trading session, reaching $168.65. About 11.71 million shares traded or 117.46% up from the average. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since January 18, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

The stock increased 1.19% or $0.87 during the last trading session, reaching $73.8. About 504,419 shares traded. W. R. Grace & Co. (GRA) has declined 6.22% since January 18, 2017 and is downtrending. It has underperformed by 22.92% the S&P500.

Ratings analysis reveals 50% of W.R. Grace’s analysts are positive. Out of 4 Wall Street analysts rating W.R. Grace, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $81.0 while the high is $85.0. The stock’s average target of $83 is 12.47% above today’s ($73.8) share price. GRA was included in 4 notes of analysts from September 13, 2016. On Wednesday, November 30 the stock rating was downgraded by Jefferies to “Hold”. The stock of W. R. Grace & Co. (NYSE:GRA) earned “Outperform” rating by Robert W. Baird on Tuesday, February 7. Goldman Sachs upgraded W. R. Grace & Co. (NYSE:GRA) on Monday, December 12 to “Buy” rating. As per Tuesday, September 13, the company rating was initiated by Seaport Global Securities.

40 North Management Llc holds 8.99% of its portfolio in W. R. Grace & Co. for 591,207 shares. Gates Capital Management Inc. owns 1.97 million shares or 4.02% of their US portfolio. Moreover, Swift Run Capital Management Llc has 3.12% invested in the company for 81,854 shares. The New York-based Glenhill Advisors Llc has invested 2.08% in the stock. Iridian Asset Management Llc Ct, a Connecticut-based fund reported 3.32 million shares.

Analysts await W. R. Grace & Co. (NYSE:GRA) to report earnings on February, 14. They expect $0.96 earnings per share, up 1.05% or $0.01 from last year’s $0.95 per share. GRA’s profit will be $65.05 million for 19.22 P/E if the $0.96 EPS becomes a reality. After $0.90 actual earnings per share reported by W. R. Grace & Co. for the previous quarter, Wall Street now forecasts 6.67% EPS growth.

Investors sentiment increased to 0.74 in Q3 2017. Its up 0.02, from 0.72 in 2017Q2. It increased, as 70 investors sold IBM shares while 676 reduced holdings. 100 funds opened positions while 451 raised stakes. 519.10 million shares or 2.22% less from 530.91 million shares in 2017Q2 were reported. 4,200 were reported by Caxton Assocs Lp. Vaughan David Investments Inc Il holds 77,751 shares. Ameritas Inv Incorporated has invested 0.18% in International Business Machines Corporation (NYSE:IBM). Bancorpsouth Inc reported 0.3% in International Business Machines Corporation (NYSE:IBM). Marble Harbor Investment Counsel owns 9,533 shares. Palisade Cap Ltd Nj owns 4,173 shares. Paragon Capital Mngmt Ltd Liability Company invested in 75,290 shares. Smithfield Tru invested in 17,579 shares. Beck Capital Mgmt Limited Liability Co stated it has 1,625 shares. Riverhead Management Lc holds 22,530 shares. Envestnet Asset Mngmt Inc reported 126,071 shares. New York-based First Manhattan has invested 0.43% in International Business Machines Corporation (NYSE:IBM). Hills National Bank And Tru invested in 0.15% or 3,235 shares. Seaward Management Lp accumulated 0.44% or 61,356 shares. Ruggie Capital Group Inc reported 3,533 shares.