United Technologies (UTX) Shareholder Somerville Kurt F Has Lifted Holding; Lowe’s Companies (LOW) Holder Icm Asset Management Has Lifted Its Position by $5.91 Million as Valuation Rose

November 15, 2017 - By Darrin Black

Icm Asset Management Inc increased its stake in Lowe’s Companies Inc. (LOW) by 99.78% based on its latest 2017Q2 regulatory filing with the SEC. Icm Asset Management Inc bought 76,800 shares as the company’s stock rose 10.23% with the market. The institutional investor held 153,770 shares of the consumer services company at the end of 2017Q2, valued at $11.92M, up from 76,970 at the end of the previous reported quarter. Icm Asset Management Inc who had been investing in Lowe’s Companies Inc. for a number of months, seems to be bullish on the $65.98B market cap company. The stock declined 0.29% or $0.23 reaching $79 on the news. About 200 shares traded. Lowe’s Companies, Inc. (NYSE:LOW) has risen 5.92% since November 15, 2016 and is uptrending. It has underperformed by 10.78% the S&P500.

Somerville Kurt F increased its stake in United Technologies (UTX) by 3.26% based on its latest 2017Q2 regulatory filing with the SEC. Somerville Kurt F bought 2,730 shares as the company’s stock rose 8.03% with the market. The institutional investor held 86,559 shares of the aerospace company at the end of 2017Q2, valued at $10.57 million, up from 83,829 at the end of the previous reported quarter. Somerville Kurt F who had been investing in United Technologies for a number of months, seems to be bullish on the $94.87 billion market cap company. The stock increased 1.47% or $1.72 during the last trading session, reaching $118.8. About shares traded. United Technologies Corporation (NYSE:UTX) has risen 22.99% since November 15, 2016 and is uptrending. It has outperformed by 6.29% the S&P500.

Since May 30, 2017, it had 0 buys, and 2 insider sales for $2.77 million activity. On Tuesday, May 30 Maltsbarger Richard D sold $936,115 worth of Lowe’s Companies, Inc. (NYSE:LOW) or 11,672 shares.

Investors sentiment increased to 1.03 in Q2 2017. Its up 0.03, from 1 in 2017Q1. It improved, as 79 investors sold LOW shares while 402 reduced holdings. 108 funds opened positions while 386 raised stakes. 606.01 million shares or 2.56% less from 621.93 million shares in 2017Q1 were reported. Aviance Capital Partners Llc holds 0.46% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW) for 18,545 shares. Moreover, Stevens Mgmt Limited Partnership has 0.35% invested in Lowe’s Companies, Inc. (NYSE:LOW) for 119,423 shares. Gateway Invest Advisers Limited Liability Co reported 686,978 shares or 0.48% of all its holdings. Security Tru holds 17,179 shares or 0.45% of its portfolio. Estabrook Cap invested in 2,435 shares. Newbrook Advsr Ltd Partnership holds 363,962 shares or 2.87% of its portfolio. Legal & General Group Public Limited Company has invested 0.28% in Lowe’s Companies, Inc. (NYSE:LOW). Hourglass Lc invested in 4,485 shares or 0.09% of the stock. Wells Fargo Mn has invested 0.3% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW). Ancora Advsrs Ltd Liability Corp holds 9,553 shares. 7,878 are held by Optimum Invest Advisors. Verition Fund Limited Liability Company, a Connecticut-based fund reported 7,872 shares. Seabridge Invest Advisors Limited invested in 0.77% or 41,520 shares. The Japan-based Asset Management One Limited has invested 0.28% in Lowe’s Companies, Inc. (NYSE:LOW). Moreover, Argent Tru Com has 0.89% invested in Lowe’s Companies, Inc. (NYSE:LOW) for 27,930 shares.

More notable recent Lowe’s Companies, Inc. (NYSE:LOW) news were published by: Usnews.com which released: “Lowe’s May Finally Get the Best of Home Depot” on November 13, 2017, also Nasdaq.com with their article: “Lowe’s Companies, Inc. (LOW) Ex-Dividend Date Scheduled for October 24, 2017” published on October 23, 2017, Forbes.com published: “Ex-Dividend Reminder: Clorox, Fastenal and Lowe’s Companies” on October 20, 2017. More interesting news about Lowe’s Companies, Inc. (NYSE:LOW) were released by: Prnewswire.com and their article: “Lowe’s Companies, Inc. Invites You to Join Its Third Quarter 2017 Earnings …” published on November 14, 2017 as well as Fool.com‘s news article titled: “Stock matchup: Wal-Mart and Lowe’s” with publication date: November 10, 2017.

Among 27 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 14 have Buy rating, 1 Sell and 12 Hold. Therefore 52% are positive. Lowe’s Companies Inc. had 61 analyst reports since August 19, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Piper Jaffray given on Monday, October 31. The stock has “Buy” rating by BMO Capital Markets on Tuesday, July 18. The firm has “Hold” rating by S&P Research given on Wednesday, August 19. The stock has “Outperform” rating by RBC Capital Markets on Thursday, December 8. As per Thursday, September 28, the company rating was maintained by Robert W. Baird. The rating was upgraded by Atlantic Securities to “Overweight” on Tuesday, November 24. On Tuesday, August 2 the stock rating was reinitiated by Stifel Nicolaus with “Buy”. The firm earned “Neutral” rating on Wednesday, October 26 by JP Morgan. The stock of Lowe’s Companies, Inc. (NYSE:LOW) has “Buy” rating given on Wednesday, July 5 by RBC Capital Markets. The rating was downgraded by Citigroup on Monday, December 19 to “Neutral”.

Somerville Kurt F, which manages about $489.99M US Long portfolio, decreased its stake in Canadian Natl Railway (NYSE:CNI) by 5,082 shares to 262,393 shares, valued at $21.27M in 2017Q2, according to the filing. It also reduced its holding in Vanguard 500 Index Fd Admiral (VFIAX) by 3,135 shares in the quarter, leaving it with 10,000 shares, and cut its stake in Ionis Pharmaceuticals.

Investors sentiment decreased to 0.95 in Q2 2017. Its down 0.03, from 0.98 in 2017Q1. It dived, as 39 investors sold UTX shares while 553 reduced holdings. 112 funds opened positions while 451 raised stakes. 611.76 million shares or 0.92% less from 617.43 million shares in 2017Q1 were reported. Wolverine Asset Management Lc reported 12,000 shares. Private Asset Management invested 1.97% in United Technologies Corporation (NYSE:UTX). 138,080 are held by Wesbanco National Bank. Provident Tru Communication has 0.03% invested in United Technologies Corporation (NYSE:UTX) for 4,400 shares. Kelly Lawrence W & Associate Inc Ca accumulated 1,814 shares. 9,682 were reported by Rampart Investment Ltd Limited Liability Company. Illinois-based Vaughan David Investments Il has invested 1.3% in United Technologies Corporation (NYSE:UTX). Cincinnati Ins holds 2.91% in United Technologies Corporation (NYSE:UTX) or 766,906 shares. Jane Street Limited Liability Co reported 19,297 shares. Van Hulzen Asset Management Limited Liability Corporation has invested 0.1% in United Technologies Corporation (NYSE:UTX). Susquehanna Intl Gru Llp, Pennsylvania-based fund reported 47,795 shares. Torch Wealth Management Limited holds 0.26% of its portfolio in United Technologies Corporation (NYSE:UTX) for 3,068 shares. California State Teachers Retirement Systems invested 0.37% in United Technologies Corporation (NYSE:UTX). Welch Group Incorporated Limited Co stated it has 3.06% in United Technologies Corporation (NYSE:UTX). Cobblestone Capital Advsr Lc Ny reported 5,102 shares.

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 6 have Buy rating, 0 Sell and 15 Hold. Therefore 29% are positive. United Technologies Corporation had 66 analyst reports since July 21, 2015 according to SRatingsIntel. Robert W. Baird initiated the stock with “Neutral” rating in Thursday, October 6 report. Atlantic Securities downgraded it to “Neutral” rating and $110 target in Wednesday, July 22 report. Deutsche Bank downgraded it to “Hold” rating and $112 target in Wednesday, July 22 report. RBC Capital Markets maintained the shares of UTX in report on Tuesday, December 15 with “Sector Perform” rating. The firm has “Mkt Perform” rating given on Friday, January 8 by Bernstein. The firm has “Hold” rating by Stifel Nicolaus given on Friday, July 7. The company was maintained on Monday, August 28 by Jefferies. The stock has “Buy” rating by Argus Research on Thursday, January 28. Citigroup maintained United Technologies Corporation (NYSE:UTX) on Wednesday, October 21 with “Buy” rating. The firm has “Hold” rating given on Friday, January 27 by Stifel Nicolaus.

More notable recent United Technologies Corporation (NYSE:UTX) news were published by: Prnewswire.com which released: “UTC Reports Third Quarter 2017 Results, Raises 2017 Outlook” on October 24, 2017, also Wsj.com with their article: “United Technologies’ Profit Falls Amid Jet-Engine Production Problems” published on October 24, 2017, Nasdaq.com published: “United Technologies (UTX) Beats on Q3 Earnings & Revenues” on October 24, 2017. More interesting news about United Technologies Corporation (NYSE:UTX) were released by: Nasdaq.com and their article: “Low Revenues to Hurt United Technologies (UTX) Q3 Earnings?” published on October 20, 2017 as well as Seekingalpha.com‘s news article titled: “United Technologies: Selling Sikorsky And Buying Rockwell Collins: 2 Great …” with publication date: October 26, 2017.

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