0001085146-19-001868.txt : 20190712 0001085146-19-001868.hdr.sgml : 20190712 20190712170944 ACCESSION NUMBER: 0001085146-19-001868 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190630 FILED AS OF DATE: 20190712 DATE AS OF CHANGE: 20190712 EFFECTIVENESS DATE: 20190712 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WELCH & FORBES LLC CENTRAL INDEX KEY: 0000105495 IRS NUMBER: 043573806 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-00262 FILM NUMBER: 19953530 BUSINESS ADDRESS: STREET 1: 45 SCHOOL STREET CITY: BOSTON STATE: MA ZIP: 02108 BUSINESS PHONE: 617-523-1635 MAIL ADDRESS: STREET 1: 45 SCHOOL STREET CITY: BOSTON STATE: MA ZIP: 02108 FORMER COMPANY: FORMER CONFORMED NAME: WELCH & FORBES INC DATE OF NAME CHANGE: 19970304 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0000105495 XXXXXXXX 06-30-2019 06-30-2019 false WELCH & FORBES LLC

45 SCHOOL STREET BOSTON MA 02108

13F HOLDINGS REPORT 028-00262 N Todd Jundi 617-557-9878 /s/ Todd Jundi Boston MA 07-12-2019 1 398 4107783 1 0001044916 028-06476 LOWELL WILLIAM A INFORMATION TABLE 2 form13fInfoTable.xml DESCRIPTION FOR INFORMATION TABLE 3M CO COM 88579Y101 34577 199478 SH SOLE 189836 0 9642 3M CO COM 88579Y101 17 100 SH OTR 100 0 0 ABBOTT LABS COM 002824100 52583 625242 SH SOLE 598448 0 26794 ABBVIE INC COM 00287Y109 11 150 SH OTR 150 0 0 ABBVIE INC COM 00287Y109 31888 438498 SH SOLE 417776 0 20722 ACCENTURE PLC IRELAND SHS CLASS A G1151C101 3481 18843 SH SOLE 17856 0 987 ADOBE INC COM 00724F101 29 100 SH OTR 100 0 0 ADOBE INC COM 00724F101 14824 50310 SH SOLE 33940 0 16370 AFFILIATED MANAGERS GROUP IN COM 008252108 401 4361 SH SOLE 3661 0 700 AFLAC INC COM 001055102 44 800 SH OTR 800 0 0 AFLAC INC COM 001055102 36966 674427 SH SOLE 642127 0 32300 AGILENT TECHNOLOGIES INC COM 00846U101 476 6371 SH SOLE 6371 0 0 AIR PRODS & CHEMS INC COM 009158106 10937 48311 SH SOLE 46961 0 1350 ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 1200 7082 SH SOLE 7082 0 0 ALLERGAN PLC SHS G0177J108 759 4528 SH SOLE 4171 0 357 ALLIANT ENERGY CORP COM 018802108 2793 56900 SH SOLE 56900 0 0 ALLSTATE CORP COM 020002101 901 8861 SH SOLE 8861 0 0 ALPHABET INC CAP STK CL A 02079K305 26311 24299 SH SOLE 21907 0 2392 ALPHABET INC CAP STK CL C 02079K107 65 60 SH OTR 60 0 0 ALPHABET INC CAP STK CL C 02079K107 63028 58310 SH SOLE 49609 0 8701 ALPS ETF TR ALERIAN MLP 00162Q866 111 11264 SH SOLE 11264 0 0 ALTRIA GROUP INC COM 02209S103 1078 22771 SH SOLE 20971 0 1800 AMAZON COM INC COM 023135106 18915 9989 SH SOLE 7155 0 2834 AMERICAN ELEC PWR CO INC COM 025537101 293 3334 SH SOLE 3334 0 0 AMERICAN EXPRESS CO COM 025816109 12005 97249 SH SOLE 94464 0 2785 AMERICAN TOWER CORP NEW COM 03027X100 1500 7333 SH SOLE 7281 0 52 AMERICAN WTR WKS CO INC NEW COM 030420103 1735 14965 SH SOLE 14765 0 200 AMERIPRISE FINL INC COM 03076C106 31164 214692 SH SOLE 173185 0 41507 AMGEN INC COM 031162100 6279 34076 SH SOLE 33901 0 175 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COM 064149107 538 9900 SH SOLE 9350 0 550 BANK OZK COM 06417N103 1639 54478 SH SOLE 53278 0 1200 BARRICK GOLD CORPORATION COM 067901108 669 42423 SH SOLE 38123 0 4300 BAXTER INTL INC COM 071813109 369 4500 SH SOLE 4500 0 0 BB&T CORP COM 054937107 565 11495 SH SOLE 10745 0 750 BECTON DICKINSON & CO COM 075887109 19341 76744 SH SOLE 71654 0 5090 BECTON DICKINSON & CO COM 075887109 35 140 SH OTR 140 0 0 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 16010 75106 SH SOLE 63646 0 11460 BIOGEN INC COM 09062X103 603 2581 SH SOLE 2581 0 0 BLACK STONE MINERALS L P COM UNIT 09225M101 978 63106 SH SOLE 31400 0 31706 BLACKROCK INC COM 09247X101 451 960 SH SOLE 960 0 0 BLACKROCK MUNI INTER DR FD I COM 09253X102 1786 127150 SH SOLE 127150 0 0 BLACKSTONE GROUP L P COM UNIT LTD 09253U108 209 4700 SH SOLE 4700 0 0 BOEING CO COM 097023105 3675 10097 SH SOLE 9547 0 550 BOOKING HLDGS INC COM 09857L108 37 20 SH OTR 20 0 0 BOOKING HLDGS INC COM 09857L108 26236 13995 SH SOLE 12584 0 1411 BOOZ ALLEN HAMILTON 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8035 DOMINION ENERGY INC COM 25746U109 409 5284 SH SOLE 5284 0 0 DORCHESTER MINERALS LP COM UNIT 25820R105 220 12000 SH SOLE 12000 0 0 DOVER CORP COM 260003108 18022 179857 SH SOLE 178992 0 865 DOW INC COM 260557103 1315 26661 SH SOLE 26661 0 0 DUKE ENERGY CORP NEW COM NEW 26441C204 7708 87345 SH SOLE 83244 0 4101 EATON VANCE CORP COM NON VTG 278265103 644 14914 SH SOLE 13114 0 1800 EATON VANCE TAX MNGD GBL DV COM 27829F108 96 11500 SH SOLE 2000 0 9500 EBAY INC COM 278642103 267 6750 SH SOLE 6750 0 0 ECOLAB INC COM 278865100 20 100 SH OTR 100 0 0 ECOLAB INC COM 278865100 75719 383506 SH SOLE 334643 0 48863 EDWARDS LIFESCIENCES CORP COM 28176E108 16775 90805 SH SOLE 88519 0 2286 EMERSON ELEC CO COM 291011104 40 600 SH OTR 600 0 0 EMERSON ELEC CO COM 291011104 11230 168321 SH SOLE 161988 0 6333 ENBRIDGE INC COM 29250N105 416 11529 SH SOLE 11529 0 0 ENTERPRISE PRODS PARTNERS L COM 293792107 678 23470 SH SOLE 16870 0 6600 EOG RES INC COM 26875P101 6197 66523 SH SOLE 60518 0 6005 EVERSOURCE ENERGY COM 30040W108 671 8859 SH SOLE 8859 0 0 EXPEDITORS INTL WASH INC COM 302130109 30 400 SH OTR 400 0 0 EXPEDITORS INTL WASH INC COM 302130109 19990 263511 SH SOLE 254311 0 9200 EXXON MOBIL CORP COM 30231G102 78 1020 SH OTR 1020 0 0 EXXON MOBIL CORP COM 30231G102 50349 657049 SH SOLE 639966 0 17083 FACEBOOK INC CL A 30303M102 19 100 SH OTR 100 0 0 FACEBOOK INC CL A 30303M102 38991 202025 SH SOLE 172736 0 29289 FASTENAL CO COM 311900104 337 10330 SH SOLE 8930 0 1400 FIRST REP BK SAN FRANCISCO C COM 33616C100 394 4031 SH SOLE 4031 0 0 FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX 33733E302 234 1627 SH SOLE 1627 0 0 FIRST TR EXCHANGE TRADED FD FIRST TR ENH NEW 33739Q408 1335 22244 SH SOLE 960 0 21284 FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738D101 25 1000 SH OTR 1000 0 0 FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738D101 40056 1592710 SH SOLE 1203052 0 389658 FIRST TR EXCHANGE TRADED FD SENIOR LN FD 33738D309 17309 367337 SH SOLE 297519 0 69818 FIRST TR NASDAQ100 TECH INDE SHS 337345102 213 2493 SH SOLE 2493 0 0 FISERV INC COM 337738108 37 410 SH OTR 410 0 0 FISERV INC COM 337738108 77677 852093 SH SOLE 740168 0 111925 FORMFACTOR INC COM 346375108 157 10000 SH SOLE 10000 0 0 FORTIVE CORP COM 34959J108 57 700 SH OTR 700 0 0 FORTIVE CORP COM 34959J108 26598 326279 SH SOLE 301463 0 24816 FRANKLIN RES INC COM 354613101 522 15000 SH SOLE 15000 0 0 GALLAGHER ARTHUR J & CO COM 363576109 18 200 SH OTR 200 0 0 GALLAGHER ARTHUR J & CO COM 363576109 6719 76709 SH SOLE 66943 0 9766 GARTNER INC COM 366651107 1162 7222 SH SOLE 7222 0 0 GENERAL DYNAMICS CORP COM 369550108 485 2668 SH SOLE 2668 0 0 GENERAL ELECTRIC CO COM 369604103 16 1500 SH OTR 1500 0 0 GENERAL ELECTRIC CO COM 369604103 6767 644449 SH SOLE 626022 0 18427 GENERAL MLS INC COM 370334104 4989 94999 SH SOLE 94999 0 0 GILEAD SCIENCES INC COM 375558103 7496 110963 SH SOLE 98438 0 12525 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 26151 653435 SH SOLE 652892 0 543 GRAINGER W W INC COM 384802104 208 776 SH SOLE 726 0 50 HAEMONETICS CORP COM 405024100 241 2000 SH SOLE 2000 0 0 HAIN CELESTIAL GROUP INC COM 405217100 4394 200635 SH SOLE 183045 0 17590 HALLIBURTON CO COM 406216101 205 9000 SH SOLE 9000 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 412 7399 SH SOLE 7399 0 0 HENRY JACK & ASSOC INC COM 426281101 1077 8040 SH SOLE 8040 0 0 HERSHEY CO COM 427866108 550 4100 SH SOLE 4100 0 0 HEWLETT PACKARD ENTERPRISE C COM 42824C109 159 10657 SH SOLE 10657 0 0 HINGHAM INSTN SVGS MASS COM 433323102 297 1500 SH SOLE 1500 0 0 HOME DEPOT INC COM 437076102 21 100 SH OTR 100 0 0 HOME DEPOT INC COM 437076102 90458 434955 SH SOLE 392509 0 42446 HONEYWELL INTL INC COM 438516106 1862 10666 SH SOLE 9113 0 1553 HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 13 500 SH OTR 500 0 0 HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 16616 664615 SH SOLE 622722 0 41893 HP INC COM 40434L105 222 10657 SH SOLE 10657 0 0 HUBBELL INC COM 443510607 678 5198 SH SOLE 5198 0 0 HUBSPOT INC COM 443573100 291 1706 SH SOLE 1706 0 0 ICON PLC SHS G4705A100 3266 21210 SH SOLE 20210 0 1000 IDEXX LABS INC COM 45168D104 49727 180611 SH SOLE 178016 0 2595 ILLINOIS TOOL WKS INC COM 452308109 2556 16957 SH SOLE 16517 0 440 ILLUMINA INC COM 452327109 528 1433 SH SOLE 1433 0 0 INDEPENDENT BANK CORP MASS COM 453836108 210 2756 SH SOLE 2756 0 0 INGREDION INC COM 457187102 278 3375 SH SOLE 3375 0 0 INTEL CORP COM 458140100 40366 843241 SH SOLE 706364 0 136877 INTERNATIONAL BUSINESS MACHS COM 459200101 55 400 SH OTR 400 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 11941 86592 SH SOLE 81965 0 4627 INTUIT COM 461202103 1278 4891 SH SOLE 4891 0 0 INTUITIVE SURGICAL INC COM NEW 46120E602 668 1275 SH SOLE 345 0 930 INVESCO EXCHANGE TRADED FD T WATER RES ETF 46137V142 373 10460 SH SOLE 10460 0 0 INVESCO EXCHNG TRADED FD TR SOLAR ETF 46138G706 422 14900 SH SOLE 14900 0 0 INVESCO EXCHNG TRADED FD TR SR LN ETF 46138G508 1156 51045 SH SOLE 49045 0 2000 INVESCO QQQ TR UNIT SER 1 46090E103 1593 8533 SH SOLE 8533 0 0 IRON MTN INC NEW COM 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464288687 17813 483379 SH SOLE 429629 0 53750 ISHARES TR RUS 1000 ETF 464287622 1077 6620 SH SOLE 6620 0 0 ISHARES TR RUS 1000 GRW ETF 464287614 647 4115 SH SOLE 4115 0 0 ISHARES TR RUS 1000 VAL ETF 464287598 546 4285 SH SOLE 1285 0 3000 ISHARES TR RUS 2000 GRW ETF 464287648 2913 14499 SH SOLE 14464 0 35 ISHARES TR RUS 2000 VAL ETF 464287630 232 1923 SH SOLE 1923 0 0 ISHARES TR RUS MID CAP ETF 464287499 689 12328 SH SOLE 12328 0 0 ISHARES TR RUSSELL 2000 ETF 464287655 6114 39325 SH SOLE 37618 0 1707 ISHARES TR S&P 100 ETF 464287101 1091 8419 SH SOLE 8419 0 0 ISHARES TR S&P 500 GRWT ETF 464287309 285 1590 SH SOLE 1590 0 0 ISHARES TR S&P 500 VAL ETF 464287408 328 2810 SH SOLE 2810 0 0 ISHARES TR S&P MC 400GR ETF 464287606 260 1150 SH SOLE 1150 0 0 ISHARES TR SELECT DIVID ETF 464287168 1570 15770 SH SOLE 13370 0 2400 ISHARES TR SH TR CRPORT ETF 464288646 7285 136317 SH SOLE 129017 0 7300 ISHARES TR TIPS BD ETF 464287176 804 6971 SH SOLE 4171 0 2800 ISHARES TR USA MOMENTUM FCT 46432F396 690 5820 SH SOLE 5820 0 0 ITT INC COM 45073V108 223 3400 SH SOLE 3400 0 0 JOHNSON & JOHNSON COM 478160104 97 700 SH OTR 700 0 0 JOHNSON & JOHNSON COM 478160104 102914 738901 SH SOLE 666981 0 71920 JPMORGAN CHASE & CO COM 46625H100 50 450 SH OTR 450 0 0 JPMORGAN CHASE & CO COM 46625H100 71571 640170 SH SOLE 554498 0 85672 KAYNE ANDERSN MLP MIDS INVT COM 486606106 14136 923283 SH SOLE 851371 0 71912 KAYNE ANDERSN MLP MIDS INVT COM 486606106 9 600 SH OTR 600 0 0 KELLOGG CO COM 487836108 257 4789 SH SOLE 4789 0 0 KIMBERLY CLARK CORP COM 494368103 67 500 SH OTR 500 0 0 KIMBERLY CLARK CORP COM 494368103 4823 36187 SH SOLE 35669 0 518 KNOWLES CORP COM 49926D109 187 10208 SH SOLE 10208 0 0 LANCASTER COLONY CORP COM 513847103 30 200 SH OTR 200 0 0 LANCASTER COLONY CORP COM 513847103 13889 93470 SH SOLE 92600 0 870 LEIDOS HLDGS INC COM 525327102 240 3000 SH SOLE 3000 0 0 LILLY ELI & CO COM 532457108 14795 133544 SH SOLE 130094 0 3450 LINCOLN ELEC HLDGS INC COM 533900106 9242 112268 SH SOLE 109793 0 2475 LINCOLN NATL CORP IND COM 534187109 391 6074 SH SOLE 6074 0 0 LINDE PLC SHS G5494J103 16290 81122 SH SOLE 76502 0 4620 LOCKHEED MARTIN CORP COM 539830109 1535 4222 SH SOLE 4222 0 0 LOWES COS INC COM 548661107 2525 25018 SH SOLE 24268 0 750 M & T BK CORP COM 55261F104 338 1990 SH SOLE 1990 0 0 MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 362 5660 SH SOLE 5660 0 0 MANPOWERGROUP INC COM 56418H100 215 2230 SH SOLE 0 0 2230 MARATHON PETE CORP COM 56585A102 743 13300 SH SOLE 13300 0 0 MARSH & MCLENNAN COS INC COM 571748102 1726 17300 SH SOLE 17300 0 0 MASCO CORP COM 574599106 1683 42888 SH SOLE 42888 0 0 MASTERCARD INC CL A 57636Q104 3343 12639 SH SOLE 12554 0 85 MCDONALDS CORP COM 580135101 63744 306966 SH SOLE 272748 0 34218 MEDTRONIC PLC SHS G5960L103 14185 145657 SH SOLE 133471 0 12186 MERCK & CO INC COM 58933Y105 85 1015 SH OTR 1015 0 0 MERCK & CO INC COM 58933Y105 37946 452551 SH SOLE 437697 0 14854 METLIFE INC COM 59156R108 934 18785 SH SOLE 18785 0 0 METTLER 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639 7096 SH SOLE 7096 0 0 NORTHROP GRUMMAN CORP COM 666807102 2676 8281 SH SOLE 8270 0 11 NORTHWEST NAT HLDG CO COM 66765N105 303 4356 SH SOLE 4356 0 0 NOVARTIS A G SPONSORED ADR 66987V109 7551 82693 SH SOLE 78993 0 3700 NOVO-NORDISK A S ADR 670100205 470 9205 SH SOLE 9205 0 0 NVIDIA CORP COM 67066G104 32879 200200 SH SOLE 168185 0 32015 O REILLY AUTOMOTIVE INC NEW COM 67103H107 129 350 SH OTR 350 0 0 O REILLY AUTOMOTIVE INC NEW COM 67103H107 88154 238694 SH SOLE 211021 0 27673 OMNICOM GROUP INC COM 681919106 17421 212572 SH SOLE 201885 0 10687 ORACLE CORP COM 68389X105 7011 123052 SH SOLE 109300 0 13752 PALO ALTO NETWORKS INC COM 697435105 434 2128 SH SOLE 2128 0 0 PAYCHEX INC COM 704326107 74 900 SH OTR 900 0 0 PAYCHEX INC COM 704326107 47164 573136 SH SOLE 559006 0 14130 PAYCOM SOFTWARE INC COM 70432V102 762 3360 SH SOLE 3360 0 0 PAYPAL HLDGS INC COM 70450Y103 1487 12992 SH SOLE 12992 0 0 PEPSICO INC COM 713448108 78955 602112 SH SOLE 536087 0 66025 PFIZER INC COM 717081103 61 1400 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