Davis-Rea LTD Position in Toronto Dominion Bank (TD) Decreased by $700672 as Share Price …



July 13, 2018 – By Sarah Harris

The Toronto-Dominion Bank (NYSE:TD) Logo

Morgan Dempsey Capital Management Llc increased its stake in Leggett & Platt Incorporated (LEG) by 0.76% based on its latest 2018Q1 regulatory filing with the SEC. Morgan Dempsey Capital Management Llc bought 626 shares as the company’s stock declined 6.07% with the market. The hedge fund held 83,157 shares of the consumer durables company at the end of 2018Q1, valued at $3.69B, up from 82,531 at the end of the previous reported quarter. Morgan Dempsey Capital Management Llc who had been investing in Leggett & Platt Incorporated for a number of months, seems to be bullish on the $5.99 billion market cap company. The stock increased 1.13% or $0.51 during the last trading session, reaching $45.65. About 218,953 shares traded. Leggett & Platt, Incorporated (NYSE:LEG) has declined 20.13% since July 13, 2017 and is downtrending. It has underperformed by 32.70% the S&P500. Some Historical LEG News: 14/05/2018 – Epoch Investment Partners Buys 2.3% Position in Leggett & Platt; 26/04/2018 – LEGGETT & PLATT INC LEG.N SEES FY 2018 SALES UP 9 TO 12 PCT; 26/04/2018 – CORRECT: LEGGETT & PLATT SEES FY EPS $2.60 TO $2.80, EST. $2.76; 26/04/2018 – LEGGETT & PLATT INC LEG.N FY2018 SHR VIEW $2.75 — THOMSON REUTERS l/B/E/S; 26/04/2018 – Leggett & Platt Had Seen 2018 Sales $4.2B-$4.3B; 26/04/2018 – LEGGETT & PLATT SEES FY EPS $2.60 TO $2.60, EST. $2.76; 09/03/2018 Leggett & Platt Volume Rises More Than Triple 20 Day Average

Davis-Rea Ltd decreased its stake in Toronto Dominion Bank (TD) by 4.91% based on its latest 2018Q1 regulatory filing with the SEC. Davis-Rea Ltd sold 12,512 shares as the company’s stock rose 0.19% while stock markets declined. The institutional investor held 242,362 shares of the commercial banks company at the end of 2018Q1, valued at $13.73M, down from 254,874 at the end of the previous reported quarter. Davis-Rea Ltd who had been investing in Toronto Dominion Bank for a number of months, seems to be less bullish one the $107.66 billion market cap company. The stock decreased 0.62% or $0.36 during the last trading session, reaching $57.67. About 366,466 shares traded. The Toronto-Dominion Bank (NYSE:TD) has risen 24.15% since July 13, 2017 and is uptrending. It has outperformed by 11.58% the S&P500. Some Historical TD News: 24/05/2018 – TORONTO-DOMINION BANK – QTRLY PROVISION FOR CREDIT LOSSES C$556 MLN VS VS C$500 MLN REPORTED LAST YEAR; 24/05/2018 – TORONTO-DOMINION BANK – QTRLY NET INTEREST INCOME C$5,398 MLN VS C$5,109 MLN REPORTED LAST YEAR; 24/05/2018 – RBC and TD Show Mortgage Strength Amid Monetary and Regulatory Changes; 24/05/2018 – TORONTO-DOMINION ECLIPSES RBC AS CANADA LARGEST BANK BY ASSETS; 24/05/2018 – TORONTO-DOMINION BANK – QTRLY TOTAL REVENUE C$9,467 MLN VS C$8,473 MLN REPORTED LAST YEAR; 24/05/2018 – Canada’s TD Bank second-quarter earnings beat expectations; 23/04/2018 – TD BANK: ADJ EQUITY IN NET IN TD AMERITRADE ABOUT C$191M; 24/05/2018 – Toronto-Dominion 2Q Rev C$9.47B; 04/04/2018 – Tactics Online: Cybersecurity Incidents Plague U.S. Finance Operations, According to TD Bank Survey -; 14/05/2018 – Janus Henderson Adds Toronto-Dominion Bank, Exits Medtronic: 13F

More notable recent The Toronto-Dominion Bank (NYSE:TD) news were published by: Fool.ca which released: “2 Stocks to Buy Ahead of a Potential Rate Hike” on July 10, 2018, also Seekingalpha.com with their article: “Comparing Canadian Banks/New Buy” published on June 24, 2018, Bizjournals.com published: “Online business valuation startup signs contract with TD Bank” on June 27, 2018. More interesting news about The Toronto-Dominion Bank (NYSE:TD) were released by: Seekingalpha.com and their article: “Q2 2018 Dividend Report” published on July 10, 2018 as well as Seekingalpha.com‘s news article titled: “Federal Reserve objects to Deutsche Bank USA’s capital return plan” with publication date: June 28, 2018.

Among 11 analysts covering TD Bank (NYSE:TD), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. TD Bank had 24 analyst reports since August 12, 2015 according to SRatingsIntel. Bank of America initiated the shares of TD in report on Tuesday, November 1 with “Buy” rating. The stock of The Toronto-Dominion Bank (NYSE:TD) has “Sector Perform” rating given on Monday, March 13 by RBC Capital Markets. As per Tuesday, May 23, the company rating was upgraded by Barclays Capital. Bank of America maintained The Toronto-Dominion Bank (NYSE:TD) rating on Tuesday, January 30. Bank of America has “Buy” rating and $87 target. The firm has “Buy” rating by Citigroup given on Wednesday, September 14. The stock of The Toronto-Dominion Bank (NYSE:TD) has “Outperform” rating given on Tuesday, May 3 by Credit Suisse. The firm earned “Sector Performer” rating on Friday, August 26 by IBC. As per Monday, August 31, the company rating was maintained by BMO Capital Markets. Credit Suisse downgraded The Toronto-Dominion Bank (NYSE:TD) on Monday, September 21 to “Neutral” rating. National Bank Canada upgraded the stock to “Outperform” rating in Friday, September 1 report.

Analysts await The Toronto-Dominion Bank (NYSE:TD) to report earnings on August, 30. They expect $1.24 EPS, up 8.77% or $0.10 from last year’s $1.14 per share. TD’s profit will be $2.31 billion for 11.63 P/E if the $1.24 EPS becomes a reality. After $1.27 actual EPS reported by The Toronto-Dominion Bank for the previous quarter, Wall Street now forecasts -2.36% negative EPS growth.

Davis-Rea Ltd, which manages about $157.63M US Long portfolio, upped its stake in J P Morgan Chase (NYSE:JPM) by 13,387 shares to 45,329 shares, valued at $4.99M in 2018Q1, according to the filing.

Among 10 analysts covering Leggett & Platt (NYSE:LEG), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Leggett & Platt had 23 analyst reports since August 5, 2015 according to SRatingsIntel. As per Friday, July 28, the company rating was maintained by Stifel Nicolaus. The stock of Leggett & Platt, Incorporated (NYSE:LEG) earned “Overweight” rating by Piper Jaffray on Monday, June 5. Raymond James upgraded the shares of LEG in report on Monday, August 31 to “” rating. Piper Jaffray maintained Leggett & Platt, Incorporated (NYSE:LEG) on Thursday, September 7 with “Buy” rating. The company was upgraded on Thursday, May 31 by Stifel Nicolaus. The stock of Leggett & Platt, Incorporated (NYSE:LEG) earned “Buy” rating by Zacks on Wednesday, August 5. The rating was maintained by Piper Jaffray on Monday, August 14 with “Buy”. On Wednesday, February 7 the stock rating was upgraded by Gabelli to “Buy”. The firm has “Neutral” rating given on Friday, April 27 by Credit Suisse. PiperJaffray downgraded the stock to “Neutral” rating in Monday, October 30 report.

Investors sentiment decreased to 1.07 in 2018 Q1. Its down 0.13, from 1.2 in 2017Q4. It fall, as 51 investors sold LEG shares while 125 reduced holdings. 50 funds opened positions while 139 raised stakes. 98.01 million shares or 3.85% more from 94.38 million shares in 2017Q4 were reported. Amer Inc has 0.01% invested in Leggett & Platt, Incorporated (NYSE:LEG) for 45,580 shares. Credit Suisse Ag stated it has 646,487 shares or 0.03% of all its holdings. Kcm Advisors Lc stated it has 5,226 shares or 0.01% of all its holdings. Cibc Mkts owns 13,119 shares for 0% of their portfolio. Oppenheimer And Com Incorporated owns 35,186 shares for 0.04% of their portfolio. Union Bancorp Corp accumulated 57,716 shares or 0.79% of the stock. Toronto Dominion Savings Bank holds 0.01% in Leggett & Platt, Incorporated (NYSE:LEG) or 71,255 shares. Envestnet Asset Management Incorporated holds 8,424 shares or 0% of its portfolio. The Kansas-based Creative Planning has invested 0.01% in Leggett & Platt, Incorporated (NYSE:LEG). Morgan Stanley reported 634,166 shares. Schwab Charles Invest Incorporated holds 0.04% or 1.03M shares. Rhumbline Advisers stated it has 238,491 shares. Cornercap Invest Counsel accumulated 8,021 shares or 0.05% of the stock. Louisiana State Employees Retirement System accumulated 0.02% or 8,100 shares. Advisor Prtn Limited Liability holds 4,511 shares.

Morgan Dempsey Capital Management Llc, which manages about $340.50 million and $254.49B US Long portfolio, decreased its stake in Myr Group Inc. (NASDAQ:MYRG) by 1,725 shares to 37,447 shares, valued at $1.15B in 2018Q1, according to the filing. It also reduced its holding in The Procter & Gamble Company (NYSE:PG) by 90 shares in the quarter, leaving it with 58,065 shares, and cut its stake in Bar Harbor Bankshares (NYSEMKT:BHB).

Leggett & Platt, Incorporated (NYSE:LEG) Institutional Positions Chart

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