As United Technologies (UTX) Stock Declined, Holder Maple Capital Management Trimmed Its Stake by $4.53 Million; Mcdonald Capital Investors Cut Wells Fargo Co New (WFC) Stake as Stock Price Declined

April 26, 2018 - By mmahotstuff

Wells Fargo & Company (NYSE:WFC) Logo

Maple Capital Management Inc decreased its stake in United Technologies (UTX) by 72.97% based on its latest 2017Q4 regulatory filing with the SEC. Maple Capital Management Inc sold 35,673 shares as the company’s stock declined 1.53% with the market. The institutional investor held 13,211 shares of the aerospace company at the end of 2017Q4, valued at $1.69M, down from 48,884 at the end of the previous reported quarter. Maple Capital Management Inc who had been investing in United Technologies for a number of months, seems to be less bullish one the $97.17B market cap company. The stock decreased 0.53% or $0.65 during the last trading session, reaching $121.45. About 4.72M shares traded. United Technologies Corporation (NYSE:UTX) has risen 12.03% since April 26, 2017 and is uptrending. It has outperformed by 0.48% the S&P500.

Mcdonald Capital Investors Inc decreased its stake in Wells Fargo Co New (WFC) by 2.05% based on its latest 2017Q4 regulatory filing with the SEC. Mcdonald Capital Investors Inc sold 41,483 shares as the company’s stock declined 16.98% with the market. The hedge fund held 1.99M shares of the major banks company at the end of 2017Q4, valued at $120.55 million, down from 2.03 million at the end of the previous reported quarter. Mcdonald Capital Investors Inc who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $258.85 billion market cap company. The stock increased 1.14% or $0.6 during the last trading session, reaching $53.11. About 20.98 million shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since April 26, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.17 EPS, up 9.35% or $0.10 from last year’s $1.07 per share. WFC’s profit will be $5.70 billion for 11.35 P/E if the $1.17 EPS becomes a reality. After $1.12 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 4.46% EPS growth.

Investors sentiment increased to 0.75 in Q4 2017. Its up 0.02, from 0.73 in 2017Q3. It improved, as 63 investors sold WFC shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported. Smith Moore reported 0.15% in Wells Fargo & Company (NYSE:WFC). Bridgeway Management has 0.18% invested in Wells Fargo & Company (NYSE:WFC). Kistler reported 0.38% stake. Bingham Osborn & Scarborough Ltd has 0.74% invested in Wells Fargo & Company (NYSE:WFC) for 134,051 shares. Drw Ltd Liability Company stated it has 0.4% in Wells Fargo & Company (NYSE:WFC). Colonial Tru Advsrs reported 0.09% in Wells Fargo & Company (NYSE:WFC). Fil Limited holds 6.69M shares. Price T Rowe Associates Md has invested 0.69% in Wells Fargo & Company (NYSE:WFC). Gabelli Funds Limited Liability Company has 0.72% invested in Wells Fargo & Company (NYSE:WFC). Compton Cap Ri reported 1.27% in Wells Fargo & Company (NYSE:WFC). Boston Rech & Inc holds 1.64% in Wells Fargo & Company (NYSE:WFC) or 54,029 shares. Eagle Cap Mngmt Limited Liability Com invested 3.2% in Wells Fargo & Company (NYSE:WFC). Ajo Limited Partnership has invested 0% in Wells Fargo & Company (NYSE:WFC). Fincl Advisory Grp Inc has invested 0.1% of its portfolio in Wells Fargo & Company (NYSE:WFC). 51,741 were accumulated by Lombard Odier Asset Management (Europe).

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 9 Sell and 15 Hold. Therefore 38% are positive. Wells Fargo & Company had 146 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by Wood on Monday, February 5. Vetr downgraded Wells Fargo & Company (NYSE:WFC) rating on Friday, August 28. Vetr has “Strong-Buy” rating and $58.72 target. FBR Capital maintained the shares of WFC in report on Tuesday, September 27 with “Outperform” rating. As per Monday, April 16, the company rating was maintained by Buckingham Research. The stock of Wells Fargo & Company (NYSE:WFC) has “Underperform” rating given on Tuesday, October 4 by Raymond James. The stock of Wells Fargo & Company (NYSE:WFC) has “Outperform” rating given on Wednesday, January 3 by Bernstein. The rating was downgraded by BMO Capital Markets on Friday, November 18 to “Underperform”. BMO Capital Markets maintained it with “Hold” rating and $49.0 target in Friday, October 6 report. The rating was maintained by Robert W. Baird on Friday, October 6 with “Buy”. The rating was upgraded by Atlantic Securities to “Neutral” on Wednesday, January 10.

Since November 17, 2017, it had 0 insider buys, and 1 insider sale for $292,234 activity.

Since December 13, 2017, it had 0 buys, and 5 insider sales for $1.06 million activity. Amato Elizabeth B sold $546,600 worth of United Technologies Corporation (NYSE:UTX) on Friday, December 15.

Investors sentiment decreased to 0.92 in Q4 2017. 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. Garrison Bradford Associate stated it has 2,000 shares. Birch Hill Invest Ltd Company reported 1.56% stake. Sector Pension Inv Board holds 83,763 shares or 0.07% of its portfolio. New England Rech And Management has invested 0.89% in United Technologies Corporation (NYSE:UTX). First Bancorporation Of Omaha holds 0.82% of its portfolio in United Technologies Corporation (NYSE:UTX) for 109,729 shares. Parsons Mngmt Ri has invested 0.64% in United Technologies Corporation (NYSE:UTX). Moreover, Mastrapasqua Asset Management Inc has 1.91% invested in United Technologies Corporation (NYSE:UTX). Broderick Brian C holds 50,313 shares. Cohen Klingenstein Limited Liability invested 0.32% in United Technologies Corporation (NYSE:UTX). Hugh Johnson Ltd Liability Company holds 1.01% or 27,066 shares. Ontario – Canada-based Bank & Trust Of Montreal Can has invested 0.11% in United Technologies Corporation (NYSE:UTX). Moreover, Nuveen Asset Management Limited Liability Corp has 0.18% invested in United Technologies Corporation (NYSE:UTX). Glg Prtn Lp owns 2,254 shares. Cadence National Bank & Trust Na, Texas-based fund reported 8,007 shares. Meiji Yasuda Life Ins holds 20,618 shares or 0.36% of its portfolio.

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 85 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, January 5 by Robert W. Baird. Citigroup maintained it with “Buy” rating and $115 target in Wednesday, October 21 report. As per Tuesday, January 23, the company rating was maintained by RBC Capital Markets. UBS maintained the stock with “Buy” rating in Thursday, March 15 report. The rating was downgraded by Jefferies to “Buy” on Monday, August 24. Cowen & Co maintained United Technologies Corporation (NYSE:UTX) on Monday, August 7 with “Buy” rating. The firm has “Buy” rating given on Tuesday, October 6 by Numis Securities. The stock of United Technologies Corporation (NYSE:UTX) earned “Buy” rating by Citigroup on Thursday, September 10. RBC Capital Markets downgraded the shares of UTX in report on Tuesday, May 3 to “Sector Perform” rating. Argus Research downgraded the shares of UTX in report on Thursday, January 26 to “Hold” rating.

Maple Capital Management Inc, which manages about $544.25M and $388.82 million US Long portfolio, upped its stake in Ishares Russell 2000 Value Ind (IWN) by 4,085 shares to 126,332 shares, valued at $15.89M in 2017Q4, according to the filing. It also increased its holding in Danaher Corp (NYSE:DHR) by 10,385 shares in the quarter, for a total of 21,200 shares, and has risen its stake in Johnson & Johnson (NYSE:JNJ).

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

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