Farmers & Merchants Investments Inc Buys Illinois Tool Works Inc, Walgreens Boots Alliance Inc, Stanley Black & Decker Inc, Sells Westlake Chemical Corp, Synchrony Financial, W.W. Grainger Inc

• New Purchases: NVT, ITOT, RSP, QQQ, PZA, PGX, PDM, PCY, PANW, RUTH,
• Added Positions: VEA, ITW, WBA, CVS, NNI, VWO, VZ, EMR, IJH, IWM,
• Reduced Positions: WLK, SYF, GWW, ENB, TGT, VGK, INTC, NKE, SO, XRAY,
• Sold Out: WPZ, TCP, BPL, SWN, VCSH, XLRE, RJI, RACE, P, OUT,

For the details of FARMERS & MERCHANTS INVESTMENTS INC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=FARMERS+%26+MERCHANTS+INVESTMENTS+INC

1. Nelnet Inc (NNI) - 1,638,008 shares, 6.38% of the total portfolio. Shares added by 1.06%
2. Vanguard FTSE Developed Markets (VEA) - 1,646,966 shares, 4.85% of the total portfolio. Shares added by 4.51%
3. iShares Core S&P 500 (IVV) - 162,091 shares, 3.23% of the total portfolio. Shares added by 0.80%
4. Microsoft Corp (MSFT) - 310,724 shares, 2.42% of the total portfolio. Shares reduced by 0.48%
5. Apple Inc (AAPL) - 147,715 shares, 2.27% of the total portfolio. Shares reduced by 0.93%

Farmers & Merchants Investments Inc initiated holding in iShares Core S&P Total U.S. Stock Market. The purchase prices were between $62.51 and $67.36, with an estimated average price of $65.5. The stock is now traded at around $60.41. The impact to a portfolio due to this purchase was 0.01%. The holding were 1,192 shares as of 2018-09-30.

Farmers & Merchants Investments Inc initiated holding in nVent Electric PLC. The purchase prices were between $24.27 and $29.42, with an estimated average price of $27.18. The stock is now traded at around $24.05. The impact to a portfolio due to this purchase was 0.01%. The holding were 3,700 shares as of 2018-09-30.

Farmers & Merchants Investments Inc initiated holding in Invesco Emerging Markets Sovereign Debt. The purchase prices were between $26.47 and $27.41, with an estimated average price of $26.95. The stock is now traded at around $26.18. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 154 shares as of 2018-09-30.

Farmers & Merchants Investments Inc initiated holding in Invesco National AMT-Free Municipal Bond ETFo. The purchase prices were between $24.7 and $25.31, with an estimated average price of $25.08. The stock is now traded at around $24.57. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 365 shares as of 2018-09-30.

Farmers & Merchants Investments Inc initiated holding in Ruth's Hospitality Group Inc. The purchase prices were between $28.15 and $33.15, with an estimated average price of $29.98. The stock is now traded at around $27.71. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 288 shares as of 2018-09-30.

Farmers & Merchants Investments Inc initiated holding in Blackstone Group LP. The purchase prices were between $33.16 and $39.69, with an estimated average price of $36.13. The stock is now traded at around $31.47. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 200 shares as of 2018-09-30.

Farmers & Merchants Investments Inc added to a holding in Illinois Tool Works Inc by 69.34%. The purchase prices were between $135.14 and $148.44, with an estimated average price of $140.93. The stock is now traded at around $127.49. The impact to a portfolio due to this purchase was 0.15%. The holding were 38,074 shares as of 2018-09-30.

Farmers & Merchants Investments Inc added to a holding in Walgreens Boots Alliance Inc by 37.88%. The purchase prices were between $60.76 and $73.81, with an estimated average price of $67.9. The stock is now traded at around $77.41. The impact to a portfolio due to this purchase was 0.15%. The holding were 110,532 shares as of 2018-09-30.

Farmers & Merchants Investments Inc added to a holding in Stanley Black & Decker Inc by 611.45%. The purchase prices were between $131.84 and $154.36, with an estimated average price of $142.28. The stock is now traded at around $110.90. The impact to a portfolio due to this purchase was 0.04%. The holding were 4,660 shares as of 2018-09-30.

Farmers & Merchants Investments Inc added to a holding in Williams Companies Inc by 43.74%. The purchase prices were between $26.7 and $31.79, with an estimated average price of $29.02. The stock is now traded at around $23.82. The impact to a portfolio due to this purchase was 0.03%. The holding were 49,865 shares as of 2018-09-30.

Farmers & Merchants Investments Inc added to a holding in SPDR Select Sector Fund - Utilities by 111.11%. The purchase prices were between $51.36 and $54.77, with an estimated average price of $53.13. The stock is now traded at around $53.86. The impact to a portfolio due to this purchase was 0.01%. The holding were 1,900 shares as of 2018-09-30.

Farmers & Merchants Investments Inc added to a holding in ONE Gas Inc by 22.22%. The purchase prices were between $74.22 and $82.68, with an estimated average price of $78.25. The stock is now traded at around $81.22. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 275 shares as of 2018-09-30.

Farmers & Merchants Investments Inc sold out a holding in Williams Partners LP. The sale prices were between $40.1 and $47.55, with an estimated average price of $43.53.

Farmers & Merchants Investments Inc sold out a holding in Buckeye Partners LP. The sale prices were between $33.04 and $40.09, with an estimated average price of $35.8.

Farmers & Merchants Investments Inc sold out a holding in TC Pipelines LP. The sale prices were between $25.52 and $35.22, with an estimated average price of $31.41.

Farmers & Merchants Investments Inc sold out a holding in Southwestern Energy Co. The sale prices were between $4.83 and $5.75, with an estimated average price of $5.3.

Farmers & Merchants Investments Inc sold out a holding in Vanguard Short-Term Corporate Bond ETF. The sale prices were between $77.96 and $78.42, with an estimated average price of $78.16.

Farmers & Merchants Investments Inc sold out a holding in VanEck Vectors Morningstar Wide Moat. The sale prices were between $43.57 and $47.2, with an estimated average price of $45.61.