Bank Julius Baer & Co. Ltd Zurich Purchases 29,029 Shares of Core & Main, Inc. (NYSE:CNM)

Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Core & Main, Inc. (NYSE:CNM) by 14.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 228,726 shares of the company’s stock after buying an additional 29,029 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Core & Main were worth $11,716,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. FMR LLC lifted its position in Core & Main by 28.0% during the 3rd quarter. FMR LLC now owns 8,697,084 shares of the company’s stock worth $386,151,000 after acquiring an additional 1,903,280 shares during the last quarter. State Street Corp increased its stake in shares of Core & Main by 9.7% in the third quarter. State Street Corp now owns 5,522,009 shares of the company’s stock worth $245,177,000 after purchasing an additional 489,224 shares during the period. Pacer Advisors Inc. lifted its position in shares of Core & Main by 1.0% during the 3rd quarter. Pacer Advisors Inc. now owns 4,250,219 shares of the company’s stock worth $188,710,000 after purchasing an additional 41,521 shares during the last quarter. Royal London Asset Management Ltd. boosted its stake in Core & Main by 39.9% during the 3rd quarter. Royal London Asset Management Ltd. now owns 3,761,906 shares of the company’s stock valued at $167,029,000 after purchasing an additional 1,073,451 shares during the period. Finally, Impax Asset Management Group plc grew its holdings in Core & Main by 70.4% in the 4th quarter. Impax Asset Management Group plc now owns 3,430,787 shares of the company’s stock valued at $174,661,000 after buying an additional 1,416,907 shares during the last quarter. 94.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on CNM shares. Robert W. Baird upped their price objective on shares of Core & Main from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Citigroup raised their price target on Core & Main from $43.00 to $56.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Truist Financial increased their target price on shares of Core & Main from $38.00 to $56.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Barclays upped their price objective on Core & Main from $57.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Loop Capital raised their target price on shares of Core & Main from $52.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $57.60.

Core & Main Stock Up 0.4 %

CNM stock opened at $47.89 on Friday. Core & Main, Inc. has a twelve month low of $37.22 and a twelve month high of $62.15. The stock’s 50 day moving average is $53.03 and its 200-day moving average is $48.67. The firm has a market capitalization of $9.51 billion, a PE ratio of 22.48, a P/E/G ratio of 2.61 and a beta of 1.05. The company has a quick ratio of 1.28, a current ratio of 2.14 and a debt-to-equity ratio of 1.36.

Insider Transactions at Core & Main

In other Core & Main news, President Bradford A. Cowles sold 25,000 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $54.48, for a total value of $1,362,000.00. Following the completion of the sale, the president now directly owns 16,010 shares of the company’s stock, valued at $872,224.80. The trade was a 60.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Mark G. Whittenburg sold 1,974 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $55.29, for a total transaction of $109,142.46. Following the sale, the general counsel now directly owns 7,667 shares of the company’s stock, valued at $423,908.43. The trade was a 20.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 162,426 shares of company stock worth $8,359,825. 3.49% of the stock is owned by company insiders.

Core & Main Company Profile

Core & Main, Inc is a specialty distributor focused on water, wastewater, storm drainage and fire protection products, and related services. The company provides infrastructure solutions to municipalities, private water companies and professional contractors across municipal, non-residential, and residential end markets, nationwide.