General Electric Co (GE) Valuation Declined While Sunbelt Securities Cut Its Holding by $610,980; Northstar Investment Advisors Trimmed Its Stake in United Technologies (UTX) by $2.15 Million as Share Value Declined

April 19, 2018 - By Nellie Frank

United Technologies Corporation (NYSE:UTX) Logo

Sunbelt Securities Inc decreased its stake in General Electric Co (GE) by 73.83% based on its latest 2017Q4 regulatory filing with the SEC. Sunbelt Securities Inc sold 35,940 shares as the company’s stock declined 23.20% with the market. The institutional investor held 12,737 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $222,000, down from 48,677 at the end of the previous reported quarter. Sunbelt Securities Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $118.62B market cap company. The stock decreased 0.94% or $0.13 during the last trading session, reaching $13.66. About 42.98M shares traded. General Electric Company (NYSE:GE) has declined 54.35% since April 19, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Northstar Investment Advisors Llc decreased its stake in United Technologies (UTX) by 19.64% based on its latest 2017Q4 regulatory filing with the SEC. Northstar Investment Advisors Llc sold 16,953 shares as the company’s stock declined 1.53% with the market. The institutional investor held 69,380 shares of the aerospace company at the end of 2017Q4, valued at $8.85M, down from 86,333 at the end of the previous reported quarter. Northstar Investment Advisors Llc who had been investing in United Technologies for a number of months, seems to be less bullish one the $99.85 billion market cap company. The stock increased 0.22% or $0.27 during the last trading session, reaching $124.8. About 4.13M shares traded. United Technologies Corporation (NYSE:UTX) has risen 12.03% since April 19, 2017 and is uptrending. It has outperformed by 0.48% the S&P500.

Sunbelt Securities Inc, which manages about $158.18 million and $102.83M US Long portfolio, upped its stake in Exxon Mobil Corp (NYSE:XOM) by 4,656 shares to 18,753 shares, valued at $1.57 million in 2017Q4, according to the filing. It also increased its holding in Ishares Tr (IVV) by 2,808 shares in the quarter, for a total of 14,289 shares, and has risen its stake in Jpmorgan Chase & Co (NYSE:JPM).

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 6 Sell and 14 Hold. Therefore 29% are positive. General Electric Company had 99 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, October 6. The company was downgraded on Tuesday, October 24 by Stifel Nicolaus. TheStreet upgraded the shares of GE in report on Tuesday, July 21 to “Buy” rating. The stock of General Electric Company (NYSE:GE) earned “Sell” rating by Deutsche Bank on Tuesday, November 21. The firm has “Buy” rating given on Wednesday, October 14 by S&P Research. J.P. Morgan maintained it with “Sell” rating and $20.0 target in Monday, October 9 report. The firm earned “Underperform” rating on Tuesday, October 24 by Oppenheimer. The stock has “Hold” rating by BMO Capital Markets on Thursday, March 23. maintained General Electric Company (NYSE:GE) rating on Monday, October 10. has “Buy” rating and $35 target. The stock of General Electric Company (NYSE:GE) has “Sell” rating given on Monday, September 11 by Deutsche Bank.

Analysts await General Electric Company (NYSE:GE) to report earnings on April, 20 before the open. They expect $0.11 earnings per share, down 47.62% or $0.10 from last year’s $0.21 per share. GE’s profit will be $955.19M for 31.05 P/E if the $0.11 EPS becomes a reality. After $0.27 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts -59.26% negative EPS growth.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It dived, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Eagleclaw Cap Managment invested in 0.14% or 15,688 shares. Garrison Finance has 61,529 shares. Howard Management reported 84,226 shares. Cypress Cap Gp holds 0.5% in General Electric Company (NYSE:GE) or 137,422 shares. Loews stated it has 3.00 million shares or 0.32% of all its holdings. Tegean Cap Lc reported 300,000 shares. 256,408 are owned by Edgar Lomax Va. 116,463 were accumulated by Sandy Spring Comml Bank. Kelly Lawrence W & Assoc Ca, a California-based fund reported 76,298 shares. Moreover, Zacks Invest has 0.01% invested in General Electric Company (NYSE:GE). Winslow Evans & Crocker Inc owns 79,708 shares for 0.45% of their portfolio. Comml Bank Of America Corporation De holds 88.37 million shares or 0.26% of its portfolio. The New York-based Nbt Commercial Bank N A has invested 1.02% in General Electric Company (NYSE:GE). Weiss Multi stated it has 0.06% of its portfolio in General Electric Company (NYSE:GE). Karpas Strategies Lc owns 0.91% invested in General Electric Company (NYSE:GE) for 121,155 shares.

Since January 26, 2018, it had 1 buying transaction, and 0 insider sales for $43,446 activity.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on April, 24 before the open. They expect $1.51 earnings per share, up 2.03% or $0.03 from last year’s $1.48 per share. UTX’s profit will be $1.21 billion for 20.66 P/E if the $1.51 EPS becomes a reality. After $1.60 actual earnings per share reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts -5.63% negative EPS growth.

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 57% are positive. United Technologies Corporation had 84 analyst reports since July 21, 2015 according to SRatingsIntel. Deutsche Bank maintained it with “Hold” rating and $120 target in Wednesday, September 6 report. As per Thursday, October 6, the company rating was initiated by Robert W. Baird. The stock of United Technologies Corporation (NYSE:UTX) has “Hold” rating given on Wednesday, July 22 by Deutsche Bank. Argus Research maintained the shares of UTX in report on Wednesday, July 22 with “Buy” rating. The stock of United Technologies Corporation (NYSE:UTX) earned “Buy” rating by Citigroup on Wednesday, October 21. On Monday, December 5 the stock rating was maintained by Deutsche Bank with “Hold”. The stock of United Technologies Corporation (NYSE:UTX) earned “Buy” rating by Jefferies on Friday, July 7. The stock of United Technologies Corporation (NYSE:UTX) has “Buy” rating given on Friday, April 28 by Jefferies. Stifel Nicolaus maintained United Technologies Corporation (NYSE:UTX) rating on Thursday, February 15. Stifel Nicolaus has “Hold” rating and $139.0 target. As per Thursday, January 28, the company rating was maintained by RBC Capital Markets.

Investors sentiment decreased to 0.92 in 2017 Q4. Its down 0.13, from 1.05 in 2017Q3. It is negative, as 58 investors sold UTX shares while 554 reduced holdings. 121 funds opened positions while 441 raised stakes. 624.06 million shares or 0.48% more from 621.08 million shares in 2017Q3 were reported. Pure Financial Advsrs Incorporated holds 2,919 shares or 0.09% of its portfolio. Mitsubishi Ufj Securities Hldg Limited reported 20 shares. First Eagle Inv Management Llc has 1,060 shares for 0% of their portfolio. Victory Cap holds 0.01% or 45,769 shares. First Commonwealth Fincl Pa invested in 2,159 shares or 0.29% of the stock. Rhumbline Advisers invested in 0.34% or 1.32M shares. Bangor Commercial Bank owns 6,550 shares for 0.16% of their portfolio. Segall Bryant Hamill Ltd reported 0.07% in United Technologies Corporation (NYSE:UTX). Exxonmobil Inv Tx accumulated 118,088 shares. The Oregon-based Ferguson Wellman Cap has invested 0.22% in United Technologies Corporation (NYSE:UTX). San Francisco Sentry Inv Grp (Ca) owns 18,000 shares. Asset Advisors Corporation invested 1.41% in United Technologies Corporation (NYSE:UTX). Quantitative Investment Management Lc owns 320,400 shares. 874,962 are owned by Fort Washington Inv Advisors Oh. Moreover, Guinness Asset Management has 2.6% invested in United Technologies Corporation (NYSE:UTX) for 96,860 shares.

Since December 13, 2017, it had 0 insider purchases, and 5 insider sales for $1.06 million activity. Amato Elizabeth B sold $546,600 worth of stock.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

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