Kynikos Associates LP Boosted Its Holding in Raytheon Co (RTN) as Stock Value Rose; As Emerson Electric (EMR) Share Value Declined, Shareholder Mcdaniel Terry & Co Decreased by $449,252 Its Position

February 19, 2018 - By Adrian Mccoy

Jim Chanos increased its stake in Raytheon Co (RTN) by 21.31% based on its latest 2017Q3 regulatory filing with the SEC. Kynikos Associates Lp bought 4,129 shares as the company’s stock rose 4.85% with the market. The hedge fund run by Jim Chanos held 23,508 shares of the industrial machinery and components company at the end of 2017Q3, valued at $2.84 million, up from 19,379 at the end of the previous reported quarter. Kynikos Associates Lp who had been investing in Raytheon Co for a number of months, seems to be bullish on the $62.94 billion market cap company. The stock decreased 0.21% or $0.45 during the last trading session, reaching $217.73. About 1.51M shares traded. Raytheon Company (NYSE:RTN) has risen 24.03% since February 19, 2017 and is uptrending. It has outperformed by 7.33% the S&P500.

Mcdaniel Terry & Co decreased its stake in Emerson Electric (EMR) by 2.56% based on its latest 2017Q3 regulatory filing with the SEC. Mcdaniel Terry & Co sold 7,246 shares as the company’s stock declined 4.02% while stock markets rallied. The institutional investor held 275,975 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $17.34M, down from 283,221 at the end of the previous reported quarter. Mcdaniel Terry & Co who had been investing in Emerson Electric for a number of months, seems to be less bullish one the $46.34B market cap company. The stock increased 2.08% or $1.49 during the last trading session, reaching $72.99. About 4.78 million shares traded or 33.13% up from the average. Emerson Electric Co. (NYSE:EMR) has risen 18.47% since February 19, 2017 and is uptrending. It has outperformed by 1.77% the S&P500.

Kynikos Associates Lp, which manages about $4.02B and $339.98 million US Long portfolio, decreased its stake in Vanguard Intl Equity Index F (VT) by 8,594 shares to 175,330 shares, valued at $10.97M in 2017Q3, according to the filing. It also reduced its holding in Spdr S&P 500 Etf Tr (SPY) by 74,072 shares in the quarter, leaving it with 64,128 shares, and cut its stake in Select Sector Spdr Tr (XLF).

Since August 31, 2017, it had 0 insider purchases, and 11 sales for $22.12 million activity. On Thursday, August 31 the insider Lawrence Taylor W sold $690,304. 44,778 shares were sold by Kennedy Thomas A, worth $9.67 million. Long Letitia A sold 650 shares worth $120,790. 3,405 Raytheon Company (NYSE:RTN) shares with value of $718,217 were sold by Jimenez Frank R. $410,738 worth of Raytheon Company (NYSE:RTN) was sold by Wood Michael J on Friday, January 26. 12,820 shares valued at $2.77 million were sold by WAJSGRAS DAVID C on Tuesday, February 13.

Investors sentiment increased to 1.21 in Q3 2017. Its up 0.09, from 1.12 in 2017Q2. It improved, as 42 investors sold RTN shares while 343 reduced holdings. 118 funds opened positions while 346 raised stakes. 205.51 million shares or 1.55% less from 208.75 million shares in 2017Q2 were reported. Aqr Capital Mngmt Ltd Liability holds 0.6% or 2.69M shares. Chilton Lc stated it has 2,058 shares or 0.01% of all its holdings. Citadel Advsrs Lc stated it has 0% in Raytheon Company (NYSE:RTN). Meridian Counsel Incorporated reported 1,638 shares. M&T National Bank & Trust Corporation owns 76,769 shares. United Bank stated it has 29,279 shares. Raymond James Fincl Ser Advsr invested in 47,694 shares or 0.06% of the stock. Sandy Spring Bancshares accumulated 0.35% or 19,764 shares. Newman Dignan And Sheerar Inc owns 0.32% invested in Raytheon Company (NYSE:RTN) for 3,168 shares. Penobscot Investment reported 15,001 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt System has invested 0.06% in Raytheon Company (NYSE:RTN). First Foundation stated it has 0.02% of its portfolio in Raytheon Company (NYSE:RTN). Salem Inv Counselors accumulated 0.01% or 284 shares. Clark Capital Mngmt Gru Incorporated reported 147,071 shares. Atalanta Sosnoff Cap Ltd Liability Corporation holds 1.99% or 308,507 shares.

Among 21 analysts covering Raytheon Company (NYSE:RTN), 17 have Buy rating, 1 Sell and 3 Hold. Therefore 81% are positive. Raytheon Company had 75 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, October 23 by Deutsche Bank. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, November 30. On Friday, June 23 the stock rating was maintained by Jefferies with “Buy”. As per Thursday, August 10, the company rating was maintained by Cowen & Co. JP Morgan maintained it with “Overweight” rating and $190 target in Monday, October 30 report. As per Monday, January 8, the company rating was maintained by Stifel Nicolaus. The firm earned “Equal Weight” rating on Monday, May 2 by Barclays Capital. The stock has “Buy” rating by RBC Capital Markets on Thursday, July 27. As per Monday, April 3, the company rating was maintained by Credit Suisse. Bank of America maintained Raytheon Company (NYSE:RTN) on Friday, October 27 with “Buy” rating.

Investors sentiment decreased to 0.86 in Q3 2017. Its down 0.14, from 1 in 2017Q2. It dived, as 44 investors sold EMR shares while 444 reduced holdings. 92 funds opened positions while 328 raised stakes. 432.93 million shares or 1.76% less from 440.67 million shares in 2017Q2 were reported. Ngam Limited Partnership has 0.07% invested in Emerson Electric Co. (NYSE:EMR) for 98,120 shares. Woodmont Investment Counsel Limited Liability Corp holds 58,748 shares or 1.01% of its portfolio. Heartland owns 164,290 shares for 0.67% of their portfolio. The Connecticut-based Yhb Inv has invested 0.17% in Emerson Electric Co. (NYSE:EMR). Caisse De Depot Et Placement Du Quebec reported 192,530 shares. United Capital Financial Advisers Limited Liability Company invested in 0.09% or 174,757 shares. 5,904 were accumulated by Bingham Osborn And Scarborough Ltd Liability Company. Cubist Systematic Strategies Ltd Company reported 39,339 shares. Horan Capital Advsr Limited Liability Company reported 0.01% in Emerson Electric Co. (NYSE:EMR). Welch And Forbes Ltd Co holds 0.28% of its portfolio in Emerson Electric Co. (NYSE:EMR) for 171,030 shares. Summit Wealth Ltd Liability Corp has 0.84% invested in Emerson Electric Co. (NYSE:EMR). The New York-based Arrowgrass Capital Partners (Us) Lp has invested 0% in Emerson Electric Co. (NYSE:EMR). Oppenheimer Asset Mngmt accumulated 6,526 shares. Citigroup Incorporated reported 670,899 shares stake. Advisory Service Ltd Company invested in 12,976 shares.

Among 29 analysts covering Emerson Electric Co. (NYSE:EMR), 12 have Buy rating, 2 Sell and 15 Hold. Therefore 41% are positive. Emerson Electric Co. had 86 analyst reports since August 6, 2015 according to SRatingsIntel. Canaccord Genuity maintained the shares of EMR in report on Wednesday, August 5 with “Hold” rating. The stock of Emerson Electric Co. (NYSE:EMR) earned “Hold” rating by RBC Capital Markets on Wednesday, January 3. The stock has “Hold” rating by Wells Fargo on Thursday, January 18. The stock of Emerson Electric Co. (NYSE:EMR) earned “Hold” rating by HSBC on Friday, March 3. The rating was maintained by Cowen & Co on Thursday, June 22 with “Hold”. The rating was upgraded by Buckingham Research to “Neutral” on Tuesday, December 13. The rating was initiated by Citigroup on Thursday, January 21 with “Sell”. The company was upgraded on Wednesday, January 20 by Standpoint Research. The stock of Emerson Electric Co. (NYSE:EMR) has “Buy” rating given on Thursday, September 14 by JMP Securities. The firm has “Mkt Outperform” rating by JMP Securities given on Monday, June 19.

Since August 31, 2017, it had 0 insider purchases, and 2 insider sales for $616,887 activity. Shares for $117,987 were sold by Sharp Robert T.

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