As United Technologies (UTX) Valuation Rose, Fagan Associates Increased Stake by $439,640; Sonoco Prods Co (SON) Holder Ftb Advisors Cut Its Holding as Share Value Declined

January 14, 2018 - By Richard Conner

Fagan Associates Inc increased its stake in United Technologies Corp (UTX) by 14.7% based on its latest 2017Q3 regulatory filing with the SEC. Fagan Associates Inc bought 3,790 shares as the company’s stock rose 8.03% with the market. The institutional investor held 29,581 shares of the aerospace company at the end of 2017Q3, valued at $3.43M, up from 25,791 at the end of the previous reported quarter. Fagan Associates Inc who had been investing in United Technologies Corp for a number of months, seems to be bullish on the $109.07 billion market cap company. The stock increased 1.18% or $1.59 during the last trading session, reaching $136.58. About 5.21M shares traded or 67.82% up from the average. United Technologies Corporation (NYSE:UTX) has risen 22.99% since January 14, 2017 and is uptrending. It has outperformed by 6.29% the S&P500.

Ftb Advisors Inc decreased its stake in Sonoco Prods Co (SON) by 84.18% based on its latest 2017Q3 regulatory filing with the SEC. Ftb Advisors Inc sold 13,696 shares as the company’s stock declined 4.77% while stock markets rallied. The institutional investor held 2,573 shares of the containers and packaging company at the end of 2017Q3, valued at $130,000, down from 16,269 at the end of the previous reported quarter. Ftb Advisors Inc who had been investing in Sonoco Prods Co for a number of months, seems to be less bullish one the $5.39B market cap company. The stock decreased 0.09% or $0.05 during the last trading session, reaching $54.19. About 458,556 shares traded or 9.78% up from the average. Sonoco Products Company (NYSE:SON) has risen 9.55% since January 14, 2017 and is uptrending. It has underperformed by 7.15% the S&P500.

Analysts await Sonoco Products Company (NYSE:SON) to report earnings on February, 8. They expect $0.73 earnings per share, up 17.74% or $0.11 from last year’s $0.62 per share. SON’s profit will be $72.57 million for 18.56 P/E if the $0.73 EPS becomes a reality. After $0.76 actual earnings per share reported by Sonoco Products Company for the previous quarter, Wall Street now forecasts -3.95% negative EPS growth.

Ftb Advisors Inc, which manages about $3.88B and $970.40 million US Long portfolio, upped its stake in Chevron Corporation (NYSE:CVX) by 4,741 shares to 25,542 shares, valued at $3.00 million in 2017Q3, according to the filing. It also increased its holding in Union Pac Corp (NYSE:UNP) by 3,960 shares in the quarter, for a total of 68,141 shares, and has risen its stake in Vanguard Total International (BNDX).

Investors sentiment decreased to 1.19 in 2017 Q3. Its down 0.08, from 1.27 in 2017Q2. It dived, as 26 investors sold SON shares while 98 reduced holdings. 36 funds opened positions while 112 raised stakes. 69.34 million shares or 1.59% less from 70.45 million shares in 2017Q2 were reported. National Planning invested in 0.13% or 12,690 shares. Blackrock Inc reported 0.03% stake. Liberty Mutual Group Incorporated Asset Mngmt holds 25,996 shares or 0.07% of its portfolio. 690,977 are owned by First Limited Partnership. Btim reported 0.02% in Sonoco Products Company (NYSE:SON). Gemmer Asset Mgmt Limited Company holds 187 shares. Parkside Bank & Trust And Trust holds 0% of its portfolio in Sonoco Products Company (NYSE:SON) for 227 shares. Mufg Americas Holdings holds 0% or 676 shares. Jefferies Ltd Liability Corporation invested in 0.01% or 34,483 shares. Ruggie Capital holds 242 shares. Moreover, Ellington Mgmt Ltd Liability Corp has 0.07% invested in Sonoco Products Company (NYSE:SON). Aqr Cap Management has 635,229 shares. Cubist Systematic Strategies Ltd Liability Co has 0.03% invested in Sonoco Products Company (NYSE:SON). Jpmorgan Chase & reported 0.01% of its portfolio in Sonoco Products Company (NYSE:SON). Weaver C Barksdale Inc stated it has 0.91% in Sonoco Products Company (NYSE:SON).

Since September 15, 2017, it had 0 buys, and 4 insider sales for $366,758 activity. 75 shares were sold by Florence John M, worth $3,658. Thompson Marcy J also sold $28,815 worth of Sonoco Products Company (NYSE:SON) on Monday, October 2. $38,531 worth of Sonoco Products Company (NYSE:SON) was sold by ARTHUR VICKI B.

Among 13 analysts covering Sonoco Products Company (NYSE:SON), 3 have Buy rating, 1 Sell and 9 Hold. Therefore 23% are positive. Sonoco Products Company had 37 analyst reports since August 7, 2015 according to SRatingsIntel. Robert W. Baird upgraded the shares of SON in report on Wednesday, July 19 to “Outperform” rating. Vertical Research downgraded the stock to “Sell” rating in Friday, July 21 report. The firm earned “Buy” rating on Friday, November 10 by Robert W. Baird. The stock has “Neutral” rating by Macquarie Research on Tuesday, November 10. Vertical Research downgraded Sonoco Products Company (NYSE:SON) on Friday, July 22 to “Sell” rating. As per Wednesday, July 19, the company rating was maintained by BMO Capital Markets. The firm earned “Buy” rating on Wednesday, September 6 by Bank of America. The firm earned “Hold” rating on Wednesday, September 20 by KeyBanc Capital Markets. BMO Capital Markets maintained Sonoco Products Company (NYSE:SON) on Friday, August 25 with “Hold” rating. Macquarie Research upgraded Sonoco Products Company (NYSE:SON) on Monday, November 23 to “Outperform” rating.

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 10 have Buy rating, 0 Sell and 11 Hold. Therefore 48% are positive. United Technologies Corporation had 71 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, January 5 by Robert W. Baird. CItigroup downgraded the shares of UTX in report on Monday, October 10 to “Neutral” rating. The stock of United Technologies Corporation (NYSE:UTX) earned “Neutral” rating by JP Morgan on Thursday, October 8. The stock of United Technologies Corporation (NYSE:UTX) has “Neutral” rating given on Monday, November 16 by Credit Suisse. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, December 15 report. The firm has “Hold” rating given on Friday, June 2 by RBC Capital Markets. Sterne Agee CRT downgraded the shares of UTX in report on Wednesday, January 6 to “Neutral” rating. The stock has “Neutral” rating by Goldman Sachs on Monday, May 2. Cowen & Co downgraded the stock to “Market Perform” rating in Wednesday, September 6 report. The firm has “Buy” rating by Jefferies given on Monday, August 28.

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