As Eaton Plc (ETN) Valuation Declined, Capital International Sarl Lifted Its Position by $1.67 Million; United Technologies (UTX) Holder Palisade Asset Management Has Boosted Holding

June 16, 2018 - By Ellis Scott

United Technologies Corporation (NYSE:UTX) Logo

Capital International Sarl increased its stake in Eaton Corp Plc (ETN) by 28.89% based on its latest 2018Q1 regulatory filing with the SEC. Capital International Sarl bought 21,100 shares as the company’s stock declined 4.87% with the market. The institutional investor held 94,136 shares of the technology company at the end of 2018Q1, valued at $7.52M, up from 73,036 at the end of the previous reported quarter. Capital International Sarl who had been investing in Eaton Corp Plc for a number of months, seems to be bullish on the $34.66 billion market cap company. The stock decreased 0.04% or $0.03 during the last trading session, reaching $79.25. About 3.58M shares traded or 23.84% up from the average. Eaton Corporation plc (NYSE:ETN) has risen 1.24% since June 16, 2017 and is uptrending. It has underperformed by 11.33% the S&P500. Some Historical ETN News: 24/05/2018 – Eaton Partners Acted as Exclusive Placement Agent for DIF Management B.V; 10/05/2018 – Eaton and Shaanxi Fast Gear Announce a Joint Venture for Light-Duty Manual Transmissions in Asia-Pacific, Eastern Europe, and Africa; 07/05/2018 – Eaton Demonstrates Transformational Possibilities of Connected Lighting for Today’s Smart Homes, Buildings and Communities at LIGHTFAIR International; 10/04/2018 – Eaton Partners Serves As Placement Agent For Copenhagen Infrastructure III; 10/05/2018 – EATON – SFGW WILL OWN 51 PCT INTEREST IN NEW JV, EATON WILL OWN 49 PCT INTEREST; 07/05/2018 – Eaton Named to 100 Best Corporate Citizens List for 11th Consecutive Year by Corporate Responsibility Magazine; 24/04/2018 – Eaton Declares Quarterly Dividend Payable May 18, 2018; 01/05/2018 – EATON BOOSTS FORECAST; 24/05/2018 – S&PGE Affirms Eaton ‘A-‘ CCR; Outlook Revised To Stbl From Neg; 16/05/2018 – FORD MOTOR TO GIVE UPDATE ON MAY 2 FIRE AT EATON RAPIDS PLANT

Palisade Asset Management Llc increased its stake in United Technologies Corp (UTX) by 4.8% based on its latest 2018Q1 regulatory filing with the SEC. Palisade Asset Management Llc bought 4,293 shares as the company’s stock declined 6.23% with the market. The institutional investor held 93,812 shares of the aerospace company at the end of 2018Q1, valued at $11.80M, up from 89,519 at the end of the previous reported quarter. Palisade Asset Management Llc who had been investing in United Technologies Corp for a number of months, seems to be bullish on the $101.54B market cap company. The stock decreased 0.02% or $0.03 during the last trading session, reaching $126.91. About 7.46 million shares traded or 85.49% up from the average. United Technologies Corporation (NYSE:UTX) has risen 3.91% since June 16, 2017 and is uptrending. It has underperformed by 8.66% the S&P500. Some Historical UTX News: 16/03/2018 – United Technologies Keeps Eye on a Breakup; 14/05/2018 – S&PGR Rates United Technologies’ Proposed Sr. Unsecured Notes; 24/04/2018 – UNITED TECHNOLOGIES CORP QTRLY GAAP EPS INCLUDED 15 CENTS OF NET RESTRUCTURING CHARGES; 04/05/2018 – THIRD POINTS SAYS UNITED TECHNOLOGIES UTX.N SHOULD BE SPLIT INTO THREE, INTENDS TO WORK “CONSTRUCTIVELY” WITH COMPANY ON PORTFOLIO REVIEW-LETTER; 22/05/2018 – SERITAGE GROWTH PROPERTIES – CO, INVESCO REAL ESTATE ANNOUNCE PARTNERSHIP TO OWN COLLECTION AT UTC IN LA JOLLA, CALIFORNIA; 25/05/2018 – Thales eyes bolt-on M&A but not chasing scale of U.S. rivals; 19/03/2018 – UTX CEO DETAILS FUTURE PLANS IN INTERVIEW; 24/04/2018 – UTX CEO: SEEN NO IMPACT ON BUSINESSES FROM POTENTIAL TARIFFS; 19/03/2018 – BOEING SAYS PROVIDED CONSENT TO UNITED TECHNOLOGIES – ROCKWELL COLLINS DEAL UNDER ITS CONTRACTS; 24/04/2018 – UTX CFO: CO. REPATRIATED $3.8B OF OVERSEAS CASH IN 1Q

Among 31 analysts covering Eaton Corporation (NYSE:ETN), 13 have Buy rating, 2 Sell and 16 Hold. Therefore 42% are positive. Eaton Corporation had 94 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of Eaton Corporation plc (NYSE:ETN) earned “Hold” rating by Jefferies on Wednesday, November 1. The stock of Eaton Corporation plc (NYSE:ETN) earned “Neutral” rating by JP Morgan on Friday, October 9. Robert W. Baird downgraded the shares of ETN in report on Thursday, October 15 to “Neutral” rating. Stifel Nicolaus maintained the stock with “Hold” rating in Tuesday, January 2 report. On Tuesday, October 17 the stock rating was initiated by Buckingham Research with “Neutral”. The company was downgraded on Thursday, August 17 by JP Morgan. The firm has “Sector Perform” rating given on Tuesday, October 20 by RBC Capital Markets. The stock has “Buy” rating by Robert W. Baird on Wednesday, January 3. The firm earned “Equal-Weight” rating on Wednesday, May 2 by Barclays Capital. The rating was downgraded by Bank of America to “Underperform” on Tuesday, October 17.

Capital International Sarl, which manages about $1.04 billion US Long portfolio, decreased its stake in Intel Corp (NASDAQ:INTC) by 24,300 shares to 146,600 shares, valued at $7.64 million in 2018Q1, according to the filing. It also reduced its holding in Royal Caribbean Cruises Ltd (NYSE:RCL) by 31,900 shares in the quarter, leaving it with 55,500 shares, and cut its stake in Netapp Inc (NASDAQ:NTAP).

Investors sentiment decreased to 0.96 in Q1 2018. Its down 0.19, from 1.15 in 2017Q4. It is negative, as 56 investors sold ETN shares while 302 reduced holdings. 76 funds opened positions while 266 raised stakes. 334.54 million shares or 0.90% more from 331.54 million shares in 2017Q4 were reported. State Of Wisconsin Board owns 466,977 shares. Eqis Cap invested in 48,778 shares. Moreover, Sei Investments has 0.03% invested in Eaton Corporation plc (NYSE:ETN). Canada Pension Plan Inv Board stated it has 0.08% in Eaton Corporation plc (NYSE:ETN). Epoch Investment Prtnrs Inc reported 2.35 million shares. Suntrust Banks has invested 0.07% in Eaton Corporation plc (NYSE:ETN). Great West Life Assurance Can owns 726,690 shares or 0.14% of their US portfolio. National Bank Of Montreal Can holds 0.05% or 634,676 shares in its portfolio. Voya Investment Mgmt Limited Liability Corp holds 0.03% in Eaton Corporation plc (NYSE:ETN) or 179,122 shares. Employees Retirement Of Texas reported 22,369 shares. 1,807 are owned by Covington Cap Mngmt. Parametric Portfolio Associates Limited Liability Company reported 1.29 million shares. 257,644 are held by Robeco Institutional Asset Mngmt Bv. Gateway Inv Advisers Limited Com owns 294,703 shares. Amer Bankshares invested 0.01% in Eaton Corporation plc (NYSE:ETN).

Another recent and important Eaton Corporation plc (NYSE:ETN) news was published by Seekingalpha.com which published an article titled: “Honeywell, Dover among companies exiting Iran presence before sanctions” on June 05, 2018.

Palisade Asset Management Llc, which manages about $645.77 million and $661.65M US Long portfolio, decreased its stake in Target Corp (NYSE:TGT) by 6,953 shares to 205,531 shares, valued at $14.27M in 2018Q1, according to the filing.

More notable recent United Technologies Corporation (NYSE:UTX) news were published by: Seekingalpha.com which released: “United Technologies’ Accelerating Growth” on June 08, 2018, also Seekingalpha.com with their article: “You’re Better Off Sitting On The Sidelines In The United Technologies And Rockwell Collins Deal” published on June 05, 2018, Fool.com published: “Boeing Continues Assault on Supplier Base With New JV” on June 09, 2018. More interesting news about United Technologies Corporation (NYSE:UTX) were released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: Advanced Micro Devices, Delphi, Domino’s Pizza, Southwest Airlines, Square …” published on June 15, 2018 as well as Fool.com‘s news article titled: “UTX’s Latest Move Is Not Enough to Appease Investors, But It’s a Good Start” with publication date: May 23, 2018.

Among 22 analysts covering United Technologies Corporation (NYSE:UTX), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. United Technologies Corporation had 87 analyst reports since July 21, 2015 according to SRatingsIntel. The company was downgraded on Monday, May 2 by Goldman Sachs. The firm earned “Outperform” rating on Tuesday, May 8 by Daiwa Securities. The firm earned “Hold” rating on Tuesday, October 10 by Cowen & Co. The firm has “Buy” rating by Argus Research given on Wednesday, July 22. The rating was maintained by Argus Research on Thursday, January 28 with “Buy”. The firm has “Buy” rating given on Tuesday, October 3 by Jefferies. The firm earned “Neutral” rating on Monday, October 10 by CItigroup. The stock of United Technologies Corporation (NYSE:UTX) earned “Hold” rating by RBC Capital Markets on Sunday, October 8. As per Wednesday, September 6, the company rating was maintained by Deutsche Bank. The firm has “Buy” rating by Cowen & Co given on Tuesday, July 25.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

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