Canon Inc (NYSE:CAJ) Shares Purchased by Manning & Napier Group LLC

Manning & Napier Group LLC increased its position in shares of Canon Inc (NYSE:CAJ) by 4.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 123,751 shares of the technology company’s stock after acquiring an additional 4,983 shares during the quarter. Manning & Napier Group LLC’s holdings in Canon were worth $3,304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CAJ. First Trust Advisors LP boosted its position in shares of Canon by 15.2% during the 1st quarter. First Trust Advisors LP now owns 1,022,674 shares of the technology company’s stock valued at $29,698,000 after acquiring an additional 134,925 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Canon by 88.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,356 shares of the technology company’s stock valued at $97,000 after acquiring an additional 1,577 shares during the last quarter. TCW Group Inc. acquired a new position in shares of Canon during the 1st quarter valued at about $569,000. Biechele Royce Advisors boosted its position in shares of Canon by 2.4% during the 2nd quarter. Biechele Royce Advisors now owns 219,063 shares of the technology company’s stock valued at $6,412,000 after acquiring an additional 5,050 shares during the last quarter. Finally, Cornerstone Advisors Inc. boosted its position in shares of Canon by 29.0% during the 2nd quarter. Cornerstone Advisors Inc. now owns 2,026 shares of the technology company’s stock valued at $59,000 after acquiring an additional 455 shares during the last quarter. 1.22% of the stock is currently owned by hedge funds and other institutional investors.

NYSE CAJ opened at $26.76 on Friday. The firm’s 50-day moving average is $26.47 and its two-hundred day moving average is $27.91. Canon Inc has a 12 month low of $25.49 and a 12 month high of $31.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.90 and a quick ratio of 1.26. The stock has a market capitalization of $28.02 billion, a P/E ratio of 12.56, a PEG ratio of 4.26 and a beta of 0.55.



Canon (NYSE:CAJ) last posted its earnings results on Wednesday, July 24th. The technology company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.10). Canon had a net margin of 4.88% and a return on equity of 6.07%. The company had revenue of $8.39 billion during the quarter, compared to analyst estimates of $8.44 billion. As a group, analysts anticipate that Canon Inc will post 1.38 EPS for the current year.

CAJ has been the topic of several recent research reports. Zacks Investment Research cut shares of Canon from a “hold” rating to a “sell” rating in a research report on Tuesday. Goldman Sachs Group cut shares of Canon from a “neutral” rating to a “sell” rating in a research report on Friday, September 20th.

Canon Company Profile

Canon Inc manufactures and sells office multifunction devices (MFDs), plain paper copying machines, laser and inkjet printers, cameras, diagnostic equipment, and lithography equipment. The company operates through four segments: Office Business Unit, Imaging System Business Unit, Medical System Business Unit, and Industry and Others Business Unit.

See Also: Buy Rating

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Institutional Ownership by Quarter for Canon (NYSE:CAJ)

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