As Masco (Call) (MAS) Share Price Rose, Shareholder Arrowgrass Capital Partners LP Has Upped Holding; As Textron (TXT) Market Value Declined, Pictet Asset Management LTD Has Decreased by $869,200 Its Position

February 24, 2018 - By Richard Conner

Pictet Asset Management Ltd decreased its stake in Textron Inc (TXT) by 12.02% based on its latest 2017Q3 regulatory filing with the SEC. Pictet Asset Management Ltd sold 16,400 shares as the company’s stock declined 3.85% while stock markets rallied. The institutional investor held 119,988 shares of the aerospace company at the end of 2017Q3, valued at $6.47 million, down from 136,388 at the end of the previous reported quarter. Pictet Asset Management Ltd who had been investing in Textron Inc for a number of months, seems to be less bullish one the $15.52B market cap company. The stock decreased 0.40% or $0.24 during the last trading session, reaching $59.28. About 1.85 million shares traded or 28.82% up from the average. Textron Inc. (NYSE:TXT) has risen 23.87% since February 24, 2017 and is uptrending. It has outperformed by 7.17% the S&P500.

Nick Niell increased its stake in Masco Corp (Call) (MAS) by 100.91% based on its latest 2017Q3 regulatory filing with the SEC. Arrowgrass Capital Partners Lp bought 2,000 shares as the company’s stock rose 10.38% with the market. The hedge fund run by Nick Niell held 3,982 shares of the forest products company at the end of 2017Q3, valued at $15.53 million, up from 1,982 at the end of the previous reported quarter. Arrowgrass Capital Partners Lp who had been investing in Masco Corp (Call) for a number of months, seems to be bullish on the $13.48 billion market cap company. The stock increased 1.03% or $0.44 during the last trading session, reaching $43.02. About 2.40 million shares traded. Masco Corporation (NYSE:MAS) has risen 18.02% since February 24, 2017 and is uptrending. It has outperformed by 1.32% the S&P500.

Investors sentiment decreased to 0.98 in Q3 2017. Its down 0.08, from 1.06 in 2017Q2. It turned negative, as 49 investors sold MAS shares while 180 reduced holdings. 60 funds opened positions while 165 raised stakes. 275.40 million shares or 0.11% more from 275.10 million shares in 2017Q2 were reported. Advisor Ptnrs Ltd Limited Liability Company holds 0.06% of its portfolio in Masco Corporation (NYSE:MAS) for 7,205 shares. Cetera Advsrs Ltd Com holds 0.01% in Masco Corporation (NYSE:MAS) or 5,423 shares. Mason Street Advsrs Limited Company owns 44,226 shares. Tiaa Cref Mngmt Ltd Company stated it has 0.1% of its portfolio in Masco Corporation (NYSE:MAS). 15,910 are owned by Colony Grp Incorporated Lc. 537,845 are held by Royal Bank Of Canada. Nbw Capital Ltd Liability Corp holds 103,506 shares or 1.1% of its portfolio. Valley Advisers Incorporated, Pennsylvania-based fund reported 15 shares. Andra Ap accumulated 114,100 shares. Hills Bancshares And Tru holds 0.3% of its portfolio in Masco Corporation (NYSE:MAS) for 24,445 shares. Westpac Banking Corporation has invested 0.02% in Masco Corporation (NYSE:MAS). 172 were accumulated by Dubuque Bankshares & Tru. Cap Ww Invsts holds 8.41M shares or 0.07% of its portfolio. Cleararc stated it has 0.05% in Masco Corporation (NYSE:MAS). Advsrs Mngmt Limited Liability has 0.51% invested in Masco Corporation (NYSE:MAS) for 161,635 shares.

Since September 8, 2017, it had 0 buys, and 5 insider sales for $6.49 million activity. $682,254 worth of stock was sold by Lindow John P on Thursday, October 26. Cole Kenneth G. sold 2,266 shares worth $84,663. $87,708 worth of Masco Corporation (NYSE:MAS) shares were sold by Gross Joseph B.. 52,511 shares were sold by Sznewajs John G, worth $2.09M.

Among 23 analysts covering Masco (NYSE:MAS), 13 have Buy rating, 0 Sell and 10 Hold. Therefore 57% are positive. Masco had 60 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Masco Corporation (NYSE:MAS) earned “Buy” rating by Jefferies on Wednesday, January 17. The company was upgraded on Wednesday, October 28 by Barclays Capital. The firm earned “Buy” rating on Monday, July 17 by RBC Capital Markets. The firm earned “Buy” rating on Friday, September 29 by Robert W. Baird. On Wednesday, July 27 the stock rating was maintained by Jefferies with “Buy”. The firm has “Neutral” rating by Citigroup given on Wednesday, October 25. Macquarie Research maintained Masco Corporation (NYSE:MAS) on Friday, December 16 with “Outperform” rating. The stock of Masco Corporation (NYSE:MAS) earned “Buy” rating by RBC Capital Markets on Wednesday, October 25. The company was maintained on Wednesday, October 25 by Barclays Capital. The company was upgraded on Thursday, April 6 by Longbow.

Arrowgrass Capital Partners Lp, which manages about $14.76 billion and $13.54 billion US Long portfolio, decreased its stake in Macquarie Infrastructure Cor (NYSE:MIC) by 73,992 shares to 195,777 shares, valued at $14.13 million in 2017Q3, according to the filing. It also reduced its holding in Pepsico Inc (Put) (NYSE:PEP) by 800 shares in the quarter, leaving it with 373 shares, and cut its stake in Carnival Corp (Put) (NYSE:CCL).

Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.31, from 0.84 in 2017Q2. It is positive, as 21 investors sold TXT shares while 132 reduced holdings. 57 funds opened positions while 119 raised stakes. 214.52 million shares or 0.05% less from 214.62 million shares in 2017Q2 were reported. First City Capital Management reported 0.47% in Textron Inc. (NYSE:TXT). Cornerstone Cap Management Holdg Lc owns 512,913 shares or 0.22% of their US portfolio. San Francisco Sentry Investment Grp Incorporated (Ca) has invested 0% in Textron Inc. (NYSE:TXT). Sg Capital Mngmt Ltd Liability has 0.12% invested in Textron Inc. (NYSE:TXT) for 21,224 shares. Creative Planning reported 0% of its portfolio in Textron Inc. (NYSE:TXT). Citigroup invested in 113,937 shares. 43,500 were reported by Cna Fincl Corporation. Global owns 18.62M shares or 0.3% of their US portfolio. New Mexico Educational Retirement Board reported 24,907 shares. 115,939 were reported by Mackenzie Financial Corp. Thompson Siegel & Walmsley Ltd Limited Liability Company reported 6,406 shares or 0% of all its holdings. Gargoyle Advisor Ltd Liability Com invested in 1.28% or 64,883 shares. American Com owns 400 shares. Point72 Asia (Hong Kong) Ltd has 0.03% invested in Textron Inc. (NYSE:TXT) for 709 shares. Channing Cap Mngmt Ltd Liability Co, a Illinois-based fund reported 276,838 shares.

Among 14 analysts covering Textron (NYSE:TXT), 10 have Buy rating, 1 Sell and 3 Hold. Therefore 71% are positive. Textron had 36 analyst reports since September 2, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley on Thursday, August 17 with “Underweight”. As per Thursday, January 28, the company rating was downgraded by Drexel Hamilton. The stock of Textron Inc. (NYSE:TXT) earned “Buy” rating by Robert W. Baird on Thursday, September 7. Jefferies maintained it with “Buy” rating and $68.0 target in Monday, January 8 report. The stock has “Buy” rating by Citigroup on Friday, October 20. The stock has “Buy” rating by Wells Fargo on Tuesday, January 16. On Wednesday, October 11 the stock rating was maintained by Cowen & Co with “Buy”. Credit Suisse maintained Textron Inc. (NYSE:TXT) rating on Thursday, May 25. Credit Suisse has “Buy” rating and $50 target. The rating was initiated by Robert W. Baird with “Outperform” on Thursday, October 6. As per Thursday, June 23, the company rating was initiated by Morgan Stanley.

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