State Farm Mutual Automobile Insurance Company Stake in Ecolab (ECL) Increased as Share Price Rose; Texas Permanent School Fund Has Decreased Its Holding in United Technologies (UTX) as Shares Rose

February 22, 2018 - By Linda Rogers

Texas Permanent School Fund decreased its stake in United Technologies Corp (UTX) by 1.67% based on its latest 2017Q3 regulatory filing with the SEC. Texas Permanent School Fund sold 3,493 shares as the company’s stock rose 8.03% with the market. The institutional investor held 205,869 shares of the aerospace company at the end of 2017Q3, valued at $23.90M, down from 209,362 at the end of the previous reported quarter. Texas Permanent School Fund who had been investing in United Technologies Corp for a number of months, seems to be less bullish one the $106.72 billion market cap company. The stock increased 3.23% or $4.18 during the last trading session, reaching $133.44. About 5.31M shares traded or 21.60% up from the average. United Technologies Corporation (NYSE:UTX) has risen 22.99% since February 22, 2017 and is uptrending. It has outperformed by 6.29% the S&P500.

State Farm Mutual Automobile Insurance Company increased its stake in Ecolab Inc (ECL) by 19.21% based on its latest 2017Q3 regulatory filing with the SEC. State Farm Mutual Automobile Insurance Company bought 6,834 shares as the company’s stock rose 2.53% with the market. The institutional investor held 42,405 shares of the package goods and cosmetics company at the end of 2017Q3, valued at $5.45M, up from 35,571 at the end of the previous reported quarter. State Farm Mutual Automobile Insurance Company who had been investing in Ecolab Inc for a number of months, seems to be bullish on the $37.59 billion market cap company. The stock increased 0.17% or $0.22 during the last trading session, reaching $130.12. About 590,625 shares traded. Ecolab Inc. (NYSE:ECL) has risen 9.41% since February 22, 2017 and is uptrending. It has underperformed by 7.29% the S&P500.

Investors sentiment increased to 1.05 in 2017 Q3. Its up 0.10, from 0.95 in 2017Q2. It improved, as 63 investors sold UTX shares while 503 reduced holdings. 111 funds opened positions while 484 raised stakes. 621.08 million shares or 1.52% more from 611.76 million shares in 2017Q2 were reported. 549 were reported by Hanson Mcclain. Td Cap Mgmt Ltd Llc reported 31 shares. Carroll Fin Assocs owns 45,070 shares. Nuveen Asset Management Limited Co owns 231,460 shares. Renaissance Investment Group Limited Liability Com stated it has 0.29% of its portfolio in United Technologies Corporation (NYSE:UTX). Meag Munich Ergo Kapitalanlagegesellschaft Mbh owns 66,782 shares or 0.32% of their US portfolio. Wespac Advsrs Limited Liability Company accumulated 21,938 shares. Kj Harrison And Prns Inc invested in 46,130 shares or 1.84% of the stock. Obermeyer Wood Counsel Lllp has invested 0.04% in United Technologies Corporation (NYSE:UTX). Rathbone Brothers Public Ltd holds 13,106 shares or 0.07% of its portfolio. Moreover, Ingalls And Snyder Limited Co has 1.15% invested in United Technologies Corporation (NYSE:UTX) for 189,508 shares. Kcm Inv, California-based fund reported 26,496 shares. Oppenheimer Asset Inc holds 0.13% in United Technologies Corporation (NYSE:UTX) or 44,164 shares. Financial Bank Of Ny Mellon stated it has 11.37 million shares or 0.36% of all its holdings. Private Asset Mngmt invested in 10,588 shares or 1.71% of the stock.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on April, 25. They expect $1.51 earnings per share, up 2.03% or $0.03 from last year’s $1.48 per share. UTX’s profit will be $1.21B for 22.09 P/E if the $1.51 EPS becomes a reality. After $1.60 actual earnings per share reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts -5.63% negative EPS growth.

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 57% are positive. United Technologies Corporation had 80 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained United Technologies Corporation (NYSE:UTX) on Thursday, April 27 with “Sector Perform” rating. Goldman Sachs downgraded the stock to “Neutral” rating in Monday, May 2 report. The stock has “Outperform” rating by Cowen & Co on Thursday, July 23. The rating was maintained by RBC Capital Markets with “Hold” on Friday, July 7. The firm earned “Buy” rating on Tuesday, October 6 by Numis Securities. Citigroup maintained the shares of UTX in report on Wednesday, October 21 with “Buy” rating. Jefferies maintained the stock with “Buy” rating in Friday, April 28 report. The stock of United Technologies Corporation (NYSE:UTX) has “Hold” rating given on Friday, July 7 by Stifel Nicolaus. As per Friday, July 7, the company rating was maintained by Jefferies. The firm has “Neutral” rating given on Thursday, October 6 by Robert W. Baird.

Since December 13, 2017, it had 0 insider buys, and 3 sales for $734,561 activity. 4,341 shares were sold by Amato Elizabeth B, worth $546,600 on Friday, December 15.

Texas Permanent School Fund, which manages about $7.79 billion US Long portfolio, upped its stake in Camden Ppty Tr (NYSE:CPT) by 3,469 shares to 67,457 shares, valued at $6.17M in 2017Q3, according to the filing. It also increased its holding in Select Sector Spdr Tr (XLI) by 7,125 shares in the quarter, for a total of 25,696 shares, and has risen its stake in Janus Henderson Group Plc.

Since September 14, 2017, it had 0 insider purchases, and 1 insider sale for $966,233 activity.

Among 22 analysts covering Ecolab (NYSE:ECL), 11 have Buy rating, 1 Sell and 10 Hold. Therefore 50% are positive. Ecolab had 62 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Ecolab Inc. (NYSE:ECL) has “Buy” rating given on Wednesday, November 1 by UBS. The stock of Ecolab Inc. (NYSE:ECL) earned “Hold” rating by Jefferies on Wednesday, November 1. Robert W. Baird maintained the shares of ECL in report on Tuesday, October 31 with “Hold” rating. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, August 2. The firm has “Hold” rating given on Monday, October 19 by Deutsche Bank. The stock has “Hold” rating by Robert W. Baird on Wednesday, October 11. Barclays Capital maintained Ecolab Inc. (NYSE:ECL) rating on Wednesday, November 1. Barclays Capital has “Overweight” rating and $145 target. The firm earned “Hold” rating on Monday, August 14 by Jefferies. The company was maintained on Monday, September 14 by Deutsche Bank. As per Wednesday, February 24, the company rating was maintained by Barclays Capital.

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