/Chesapeake Asset Management Stake in United Technologies (UTX) Lowered by $1.02 Million as Valuation Rose; Ar Asset Management Cut Its Stake in International Business Machine (IBM) as Share Value Rose (via Qpute.com)
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Chesapeake Asset Management Stake in United Technologies (UTX) Lowered by $1.02 Million as Valuation Rose; Ar Asset Management Cut Its Stake in International Business Machine (IBM) as Share Value Rose (via Qpute.com)


United Technologies Corporation (NYSE:UTX) Logo

Ar Asset Management Inc decreased its stake in International Business Machine (IBM) by 51.45% based on its latest 2018Q4 regulatory filing with the SEC. Ar Asset Management Inc sold 26,800 shares as the company’s stock rose 12.54% with the market. The institutional investor held 25,292 shares of the computer manufacturing company at the end of 2018Q4, valued at $2.88M, down from 52,092 at the end of the previous reported quarter. Ar Asset Management Inc who had been investing in International Business Machine for a number of months, seems to be less bullish one the $118.56 billion market cap company. The stock decreased 1.20% or $1.62 during the last trading session, reaching $133.72. About 1.64M shares traded. International Business Machines Corporation (NYSE:IBM) has declined 10.00% since May 10, 2018 and is downtrending. It has underperformed by 14.37% the S&P500. Some Historical IBM News: 18/04/2018 – With Wednesday’s dip, IBM is down 12 percent on the 12-month period; 10/05/2018 – IBM Announces Collaboration with North Carolina State University to Accelerate Quantum Computing; 28/05/2018 – The chief of IBM’s supercomputer unit likes Elon Musk but ‘hates’ A.I. scaremongering; 31/05/2018 – IBM Bluemix Services Market to Touch US$ 38,847 Million by 2026; Increasing Adoption of IBM Bluemix Services Across a Wide Rang; 18/04/2018 – International Business Machines Corp: Doc re 8-K; 16/03/2018 – IBM Helps Accelerate AI with Fast New Data Platform, Elite Team; 22/03/2018 – MOVES-Ernst & Young hires three executive directors, principal; 04/05/2018 – BREAKING: Warren Buffett says Berkshire Hathaway has sold completely out of IBM; 17/04/2018 – Fortinet Now Part of IBM Security’s New X-Force Threat Management Services; 24/04/2018 – REG-lntnl Bus. Mach IBM Board Approves Increase in Quarterly Cash Dividend for the 23rd Consecutive Year

Chesapeake Asset Management Llc decreased its stake in United Technologies Corp (UTX) by 45.35% based on its latest 2018Q4 regulatory filing with the SEC. Chesapeake Asset Management Llc sold 9,620 shares as the company’s stock rose 2.45% with the market. The hedge fund held 11,591 shares of the aerospace company at the end of 2018Q4, valued at $1.23M, down from 21,211 at the end of the previous reported quarter. Chesapeake Asset Management Llc who had been investing in United Technologies Corp for a number of months, seems to be less bullish one the $116.11B market cap company. The stock decreased 1.61% or $2.21 during the last trading session, reaching $134.65. About 1.11M shares traded. United Technologies Corporation (NYSE:UTX) has declined 3.50% since May 10, 2018 and is downtrending. It has underperformed by 7.87% the S&P500. Some Historical UTX News: 29/05/2018 – Venerable Veneers: Booth Unveils Lighter FLite Series Designed To Help Customers Reduce Weight And Enhance Aircraft Performance; 24/04/2018 – United Technologies 1Q EPS $1.62; 20/04/2018 – United Technologies Closes Below 200-Day Average: Technicals; 27/04/2018 – AVISTA SAYS WA. UTC APPROVES ONE-TIME RATE ADJUSTMENTS; 16/03/2018 – UTX’S MARKS:OTIS GAINING CHINA ELEVATOR EQUIPMENT MARKET SHARE; 20/03/2018 – MEDIA-Pratt to ship spare engines for grounded lndiGo jets – Bloomberg; 24/04/2018 – United Technologies 1Q Operating Cash Flow $453M; 04/05/2018 – UTC’s takeover of Rockwell Collins approved by EU regulator; 22/05/2018 – Seritage Growth Properties and Invesco Real Estate Announce Partnership to Own Collection at UTC in La Jolla, Calif; 24/04/2018 – United Technologies Raises 2018 Outlook

Investors sentiment increased to 1.26 in 2018 Q4. Its up 0.17, from 1.09 in 2018Q3. It is positive, as 79 investors sold UTX shares while 472 reduced holdings. 143 funds opened positions while 549 raised stakes. 668.32 million shares or 6.29% more from 628.79 million shares in 2018Q3 were reported. North Carolina-based Boys Arnold has invested 1.57% in United Technologies Corporation (NYSE:UTX). Jefferies Grp Limited Com owns 143,867 shares or 0.12% of their US portfolio. Welch & Forbes Ltd Limited Liability Company has 2.23% invested in United Technologies Corporation (NYSE:UTX) for 742,678 shares. Aspen Invest reported 0.26% stake. Burgundy Asset Mgmt Limited stated it has 3.37 million shares. Rodgers Brothers Inc holds 7,185 shares. Moors And Cabot reported 55,017 shares. Bridges Inv Mngmt holds 60,226 shares or 0.3% of its portfolio. Strategic Fin Services holds 0.42% of its portfolio in United Technologies Corporation (NYSE:UTX) for 25,254 shares. Somerville Kurt F holds 2.36% of its portfolio in United Technologies Corporation (NYSE:UTX) for 96,701 shares. Chesapeake Asset Mgmt Llc has invested 2.27% in United Technologies Corporation (NYSE:UTX). State Of Tennessee Treasury Department invested in 281,135 shares. Silvercrest Asset Management Gp Lc stated it has 0.14% in United Technologies Corporation (NYSE:UTX). Cubic Asset Limited Liability Corp invested in 1.42% or 40,676 shares. Axa accumulated 361,596 shares or 0.17% of the stock.

More notable recent United Technologies Corporation (NYSE:UTX) news were published by: Seekingalpha.com which released: “Strong quarter at United Tech includes 8% organic sales growth – Seeking Alpha” on April 23, 2019, also Fool.com with their article: “United Technologies Looks Like a Good Value – The Motley Fool” published on April 28, 2019, Seekingalpha.com published: “United Technologies Q1 2019 Earnings Preview – Seeking Alpha” on April 22, 2019. More interesting news about United Technologies Corporation (NYSE:UTX) were released by: Finance.Yahoo.com and their article: “Here’s Why United Technologies Shares Gained 10.6% in April – Yahoo Finance” published on May 03, 2019 as well as Seekingalpha.com‘s news article titled: “Stocks To Watch: Earnings Blitz And Autonomy Talk – Seeking Alpha” with publication date: April 20, 2019.

Chesapeake Asset Management Llc, which manages about $889.99M and $54.26M US Long portfolio, upped its stake in Proshares Tr by 28,437 shares to 67,315 shares, valued at $3.14M in 2018Q4, according to the filing.

Since January 30, 2019, it had 0 buys, and 3 sales for $2.50 million activity. $1.25 million worth of United Technologies Corporation (NYSE:UTX) was sold by Amato Elizabeth B on Thursday, February 14. 862 shares valued at $104,916 were sold by Bailey Robert J. on Tuesday, February 5.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on July, 23. They expect $2.04 EPS, up 3.55% or $0.07 from last year’s $1.97 per share. UTX’s profit will be $1.76B for 16.50 P/E if the $2.04 EPS becomes a reality. After $1.91 actual EPS reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts 6.81% EPS growth.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Finance.Yahoo.com which released: “Better Buy: Cisco Systems vs. IBM – Yahoo Finance” on April 29, 2019, also Seekingalpha.com with their article: “IBM Announces Small Dividend Raise – Seeking Alpha” published on April 30, 2019, Seekingalpha.com published: “IBM Q1 2019 Earnings Preview – Seeking Alpha” on April 15, 2019. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “IBM Counts On Its Cloud And Platform For The Turnaround – Seeking Alpha” published on April 19, 2019 as well as Bizjournals.com‘s news article titled: “New York state board approves $425 million for IBM and Applied Materials projects at SUNY Poly – Albany Business Review – Albany Business Review” with publication date: April 18, 2019.

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on July, 17. They expect $3.06 earnings per share, down 0.65% or $0.02 from last year’s $3.08 per share. IBM’s profit will be $2.71B for 10.92 P/E if the $3.06 EPS becomes a reality. After $2.25 actual earnings per share reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts 36.00% EPS growth.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

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