Lateef Investment Management LP Lowered By $4.35 Million Its Danaher (DHR) Holding; Freeport-mcmoran (FCX) Shorts Down By 7.64%

Freeport-McMoRan Inc. (NYSE:FCX) Logo

Freeport-mcmoran Inc (NYSE:FCX) had a decrease of 7.64% in short interest. FCX’s SI was 33.90 million shares in August as released by FINRA. Its down 7.64% from 36.70 million shares previously. With 20.55 million avg volume, 2 days are for Freeport-mcmoran Inc (NYSE:FCX)’s short sellers to cover FCX’s short positions. The SI to Freeport-mcmoran Inc’s float is 2.35%. The stock decreased 5.36% or $0.53 during the last trading session, reaching $9.36. About 26.91 million shares traded or 41.22% up from the average. Freeport-McMoRan Inc. (NYSE:FCX) has declined 31.22% since August 14, 2018 and is downtrending. It has underperformed by 31.22% the S&P500. Some Historical FCX News: 11/05/2018 – INDONESIA ISSUES DECREE REQUIRING SPECIAL MINING PERMIT HOLDERS PRODUCING FOR AT LEAST 5 YRS TO DIVEST 51 PCT TO INDONESIAN ENTITIES BY 2019; 14/05/2018 – Freeport Presenting at Bank of America Conference Tomorrow; 22/05/2018 – Rio Tinto Says Talks With Inalum, Freeport on Grasberg Sale Ongoing; 15/05/2018 – FREEPORT SAYS RIO IS DISCUSSING VALUE IN TALKS WITH INDONESIA; 07/05/2018 – INDONESIA’S INALUM CEO SAYS FREEPORT’S GRASBERG COPPER MINE DEAL SEEN GETTING CLOSER; 15/05/2018 – FREEPORT: COPPER SUPPORTED BY DEMAND GROWTH, SUPPLY STRUGGLES; 23/05/2018 – RIO TINTO PLC RIO.L – CONFIRMS THAT DISCUSSIONS BETWEEN RIO TINTO, INALUM AND FREEPORT ARE ONGOING, INCLUDING AS TO PRICE; 11/05/2018 – Indonesia decree says mining permit holders need to divest 51 pct by 2019; 24/04/2018 – FREEPORT 1Q ADJ EPS 46C, EST. 56C; 24/04/2018 – Freeport-McMoRan 1Q Rev $4.87B

Lateef Investment Management Lp decreased Danaher Corporation (DHR) stake by 14.41% reported in 2019Q1 SEC filing. Lateef Investment Management Lp sold 32,974 shares as Danaher Corporation (DHR)’s stock rose 6.80%. The Lateef Investment Management Lp holds 195,913 shares with $25.87 million value, down from 228,887 last quarter. Danaher Corporation now has $97.82 billion valuation. The stock decreased 2.97% or $4.18 during the last trading session, reaching $136.36. About 2.13M shares traded. Danaher Corporation (NYSE:DHR) has risen 38.00% since August 14, 2018 and is uptrending. It has outperformed by 38.00% the S&P500.

More notable recent Danaher Corporation (NYSE:DHR) news were published by: Benzinga.com which released: “Danaher Reports Q2 Earnings Beat – Benzinga” on July 18, 2019, also Seekingalpha.com with their article: “Danaher Corporation Q2 2019 Earnings Preview – Seeking Alpha” published on July 17, 2019, Seekingalpha.com published: “Danaher Earnings: 2 Issues To Watch – Seeking Alpha” on July 17, 2019. More interesting news about Danaher Corporation (NYSE:DHR) were released by: Finance.Yahoo.com and their article: “Danaher Earnings, Revenue Beat in Q2 – Yahoo Finance” published on July 17, 2019 as well as Seekingalpha.com‘s news article titled: “Strong Acyclical Growth Burnishing Danaher’s Growth Star Status – Seeking Alpha” with publication date: July 22, 2019.

Analysts await Danaher Corporation (NYSE:DHR) to report earnings on October, 17. They expect $1.15 EPS, up 4.55% or $0.05 from last year’s $1.1 per share. DHR’s profit will be $824.97M for 29.64 P/E if the $1.15 EPS becomes a reality. After $1.19 actual EPS reported by Danaher Corporation for the previous quarter, Wall Street now forecasts -3.36% negative EPS growth.

Investors sentiment decreased to 0.98 in 2019 Q1. Its down 0.02, from 1 in 2018Q4. It dropped, as 34 investors sold DHR shares while 411 reduced holdings. 131 funds opened positions while 307 raised stakes. 558.16 million shares or 5.65% more from 528.30 million shares in 2018Q4 were reported. Gemmer Asset Mgmt Ltd Liability Corp invested 0.02% in Danaher Corporation (NYSE:DHR). Lvw Advsrs Lc invested 0.06% in Danaher Corporation (NYSE:DHR). Janney Capital Mngmt Ltd Liability Company holds 0.55% of its portfolio in Danaher Corporation (NYSE:DHR) for 79,716 shares. Moreover, Stock Yards Bancshares And Comm has 1.6% invested in Danaher Corporation (NYSE:DHR). Cortland Inc Mo stated it has 446,012 shares or 9.52% of all its holdings. Atlanta Cap Management Com L L C owns 0.99% invested in Danaher Corporation (NYSE:DHR) for 1.57 million shares. Holderness Investments reported 0.24% in Danaher Corporation (NYSE:DHR). Parsons Management Ri stated it has 57,073 shares or 0.82% of all its holdings. Dnb Asset Mgmt As has invested 0% in Danaher Corporation (NYSE:DHR). Osborne Prns Cap Mngmt Ltd Liability holds 2.46% in Danaher Corporation (NYSE:DHR) or 95,371 shares. Westpac Bk Corp stated it has 0% of its portfolio in Danaher Corporation (NYSE:DHR). Forbes J M Limited Liability Partnership holds 2,280 shares or 0.06% of its portfolio. Payden Rygel has 600 shares for 0.01% of their portfolio. Broderick Brian C reported 69,023 shares stake. Sandy Spring National Bank & Trust holds 103,758 shares or 1.16% of its portfolio.

Among 7 analysts covering Danaher Corp (NYSE:DHR), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Danaher Corp had 10 analyst reports since February 25, 2019 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Monday, February 25. Deutsche Bank maintained Danaher Corporation (NYSE:DHR) on Tuesday, February 26 with “Buy” rating. The firm has “Buy” rating by J.P. Morgan given on Monday, March 4. Needham maintained the stock with “Buy” rating in Thursday, February 28 report. Robert W. Baird maintained Danaher Corporation (NYSE:DHR) on Monday, February 25 with “Buy” rating. UBS maintained the shares of DHR in report on Tuesday, February 26 with “Buy” rating.

More notable recent Freeport-McMoRan Inc. (NYSE:FCX) news were published by: Finance.Yahoo.com which released: “How Should Investors Feel About Freeport-McMoRan Inc.’s (NYSE:FCX) CEO Pay? – Yahoo Finance” on August 12, 2019, also Tucson.com with their article: “Freeport-McMoRan Reports Second-Quarter and Six-Month 2019 Results – Arizona Daily Star” published on July 23, 2019, Seekingalpha.com published: “Peruvian copper exports resume as protests ease – Seeking Alpha” on August 13, 2019. More interesting news about Freeport-McMoRan Inc. (NYSE:FCX) were released by: Finance.Yahoo.com and their article: “Imagine Owning Freeport-McMoRan (NYSE:FCX) And Trying To Stomach The 71% Share Price Drop – Yahoo Finance” published on May 30, 2019 as well as Seekingalpha.com‘s news article titled: “Shipping, supplies stopped at top Peru copper mines due to protests – Seeking Alpha” with publication date: August 08, 2019.

Investors sentiment increased to 0.92 in 2019 Q1. Its up 0.01, from 0.91 in 2018Q4. It increased, as 61 investors sold Freeport-McMoRan Inc. shares while 191 reduced holdings. 64 funds opened positions while 168 raised stakes. 1.02 billion shares or 2.23% more from 1.00 billion shares in 2018Q4 were reported. Moreover, Td Asset has 0.01% invested in Freeport-McMoRan Inc. (NYSE:FCX). Janney Montgomery Scott holds 361,488 shares. Violich Capital Mngmt Inc reported 45,000 shares. Zacks Investment Mngmt owns 34,888 shares. Weatherly Asset Management L P owns 0.16% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 59,257 shares. Blair William And Il holds 0% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX) for 51,134 shares. Sigma Planning Corporation invested in 0.01% or 13,289 shares. Riverhead Ltd Liability Corporation reported 0.03% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX). Walleye Trading Limited Co owns 0.03% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 291,943 shares. Advisory Alpha Limited Liability Com reported 28 shares or 0% of all its holdings. National Asset, New York-based fund reported 11,157 shares. Mraz Amerine Assocs owns 14,256 shares. Ajo L P reported 0.01% in Freeport-McMoRan Inc. (NYSE:FCX). California-based Hollencrest Capital has invested 0.05% in Freeport-McMoRan Inc. (NYSE:FCX). Oppenheimer Asset Management Inc stated it has 0.07% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX).

Among 3 analysts covering Freeport-McMoRan (NYSE:FCX), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Freeport-McMoRan had 11 analyst reports since February 19, 2019 according to SRatingsIntel. The stock of Freeport-McMoRan Inc. (NYSE:FCX) has “Buy” rating given on Tuesday, February 19 by Citigroup. The stock has “Underweight” rating by Barclays Capital on Tuesday, April 9. The stock of Freeport-McMoRan Inc. (NYSE:FCX) has “Buy” rating given on Monday, March 25 by Jefferies.

Since June 6, 2019, it had 2 insider buys, and 0 insider sales for $2.27 million activity. $1.74M worth of Freeport-McMoRan Inc. (NYSE:FCX) was bought by ADKERSON RICHARD C. QUIRK KATHLEEN L bought 50,000 shares worth $524,340.

Freeport-McMoRan Inc. engages in the mining of mineral properties in the United States, Indonesia, Peru, and Chile. The company has market cap of $13.58 billion. It primarily explores for copper concentrate, copper cathode, copper rod, gold, molybdenum, silver, and other metals, as well as gas and oil. It has a 13.72 P/E ratio. The companyÂ’s portfolio of assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde and El Abra mines in South America.

Freeport-McMoRan Inc. (NYSE:FCX) Institutional Positions Chart

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