Mercer Capital Advisers Has Lowered Its United Technologies (UTX) Holding by $381,000; Stock Price Declined; Hawkins Capital LP Cut Its Position in Southwest Airls Co (LUV) by $3.54 Million as Stock Value Declined

May 26, 2018 - By Peter Kolinski

United Technologies Corporation (NYSE:UTX) Logo

Russell Hawkins decreased its stake in Southwest Airls Co (LUV) by 68.03% based on its latest 2017Q4 regulatory filing with the SEC. Hawkins Capital Lp sold 54,490 shares as the company’s stock declined 14.07% with the market. The hedge fund run by Russell Hawkins held 25,610 shares of the air freight and delivery services company at the end of 2017Q4, valued at $1.68 million, down from 80,100 at the end of the previous reported quarter. Hawkins Capital Lp who had been investing in Southwest Airls Co for a number of months, seems to be less bullish one the $30.65B market cap company. The stock increased 3.22% or $1.65 during the last trading session, reaching $52.86. About 9.29M shares traded or 67.87% up from the average. Southwest Airlines Co. (NYSE:LUV) has risen 7.20% since May 26, 2017 and is uptrending. It has underperformed by 4.35% the S&P500.

Mercer Capital Advisers Inc decreased its stake in United Technologies Corp (UTX) by 67.31% based on its latest 2017Q4 regulatory filing with the SEC. Mercer Capital Advisers Inc sold 3,000 shares as the company’s stock declined 1.53% with the market. The institutional investor held 1,457 shares of the aerospace company at the end of 2017Q4, valued at $186,000, down from 4,457 at the end of the previous reported quarter. Mercer Capital Advisers Inc who had been investing in United Technologies Corp for a number of months, seems to be less bullish one the $101.63B market cap company. The stock decreased 0.29% or $0.37 during the last trading session, reaching $127.03. About 1.73M shares traded. United Technologies Corporation (NYSE:UTX) has risen 12.03% since May 26, 2017 and is uptrending. It has outperformed by 0.48% the S&P500.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on July, 24. They expect $1.84 earnings per share, down 0.54% or $0.01 from last year’s $1.85 per share. UTX’s profit will be $1.47B for 17.26 P/E if the $1.84 EPS becomes a reality. After $1.77 actual earnings per share reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts 3.95% EPS growth.

More news for United Technologies Corporation (NYSE:UTX) were recently published by: Fool.com, which released: “The Best is Yet to Come For United Technologies” on May 09, 2018. Seekingalpha.com‘s article titled: “Trade War Relief Rally – Cramer’s Mad Money (5/21/18)” and published on May 22, 2018 is yet another important article.

Since December 13, 2017, it had 1 buying transaction, and 6 sales for $1.25 million activity. MCDONOUGH ROBERT J also sold $1.28M worth of United Technologies Corporation (NYSE:UTX) on Wednesday, May 2. Reynolds Fredric G had bought 9,000 shares worth $1.09 million on Friday, April 27. On Friday, December 15 Amato Elizabeth B sold $546,600 worth of United Technologies Corporation (NYSE:UTX) or 4,341 shares.

Investors sentiment decreased to 0.92 in 2017 Q4. Its down 0.13, from 1.05 in 2017Q3. It turned negative, as 58 investors sold UTX shares while 554 reduced holdings. 121 funds opened positions while 441 raised stakes. 624.06 million shares or 0.48% more from 621.08 million shares in 2017Q3 were reported. Focused Wealth Management Inc owns 1,900 shares. 2,116 are held by Amarillo Bancorp. Griffin Asset Mgmt invested in 5,974 shares. Virginia Retirement Sys Et Al holds 0.49% of its portfolio in United Technologies Corporation (NYSE:UTX) for 326,100 shares. Edgemoor Invest has 1,840 shares. The Michigan-based Lvm Capital Ltd Mi has invested 0.07% in United Technologies Corporation (NYSE:UTX). First Commonwealth Pa owns 2,159 shares or 0.29% of their US portfolio. Dorsey & Whitney Trust Company Limited Liability Corp has 0.17% invested in United Technologies Corporation (NYSE:UTX) for 7,135 shares. Synovus Corporation has 109,621 shares for 0.24% of their portfolio. Rafferty Asset Mngmt Limited Liability Corp reported 21,365 shares stake. Johnson Inv Counsel invested in 31,334 shares or 0.1% of the stock. Becker Capital Management holds 0.05% or 10,942 shares in its portfolio. Bnp Paribas Arbitrage Sa accumulated 778,604 shares. Maple Cap Management accumulated 0.43% or 13,211 shares. 32,925 are held by Hl Service Lc.

Among 22 analysts covering United Technologies Corporation (NYSE:UTX), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. United Technologies Corporation had 86 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, January 30, the company rating was maintained by Bernstein. Deutsche Bank maintained it with “Hold” rating and $112 target in Monday, December 5 report. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, December 15 report. The firm has “Neutral” rating by Sterne Agee CRT given on Wednesday, January 6. On Wednesday, July 27 the stock rating was maintained by Barclays Capital with “Equalweight”. The rating was maintained by RBC Capital Markets with “Buy” on Friday, April 6. As per Friday, August 11, the company rating was maintained by RBC Capital Markets. On Monday, September 21 the stock rating was maintained by Deutsche Bank with “Hold”. The stock of United Technologies Corporation (NYSE:UTX) has “Buy” rating given on Monday, January 8 by Goldman Sachs. The stock of United Technologies Corporation (NYSE:UTX) has “Buy” rating given on Monday, August 28 by Jefferies.

Investors sentiment increased to 0.96 in Q4 2017. Its up 0.07, from 0.89 in 2017Q3. It improved, as 43 investors sold LUV shares while 274 reduced holdings. 116 funds opened positions while 188 raised stakes. 452.86 million shares or 2.65% more from 441.14 million shares in 2017Q3 were reported. Art Ltd Llc holds 17,200 shares. Alliancebernstein Limited Partnership has invested 0.05% in Southwest Airlines Co. (NYSE:LUV). Synovus Financial stated it has 65,627 shares or 0.08% of all its holdings. Gofen And Glossberg Lc Il stated it has 6,700 shares or 0.02% of all its holdings. Renaissance Technology Limited Liability Corporation reported 0% of its portfolio in Southwest Airlines Co. (NYSE:LUV). Fukoku Mutual Life Insur Communication holds 0.01% or 1,400 shares. 675 were accumulated by Blume Management Inc. 6,806 are owned by 1St Source Commercial Bank. Brown Brothers Harriman And Comm reported 890 shares or 0% of all its holdings. Plante Moran Financial Advsr Limited Liability Corporation holds 0.01% or 238 shares in its portfolio. Bryn Mawr invested in 0.01% or 3,596 shares. Affinity Inv Ltd Limited Liability Company owns 3,500 shares. Usa Portformulas has invested 0.24% of its portfolio in Southwest Airlines Co. (NYSE:LUV). Woodmont Inv Counsel Ltd has 20,471 shares. Palladium Prtn Llc holds 0.33% or 70,257 shares.

Among 21 analysts covering Southwest Airlines Co. (NYSE:LUV), 17 have Buy rating, 0 Sell and 4 Hold. Therefore 81% are positive. Southwest Airlines Co. had 75 analyst reports since July 30, 2015 according to SRatingsIntel. On Monday, March 26 the stock rating was maintained by Morgan Stanley with “Overweight”. The firm has “Buy” rating given on Tuesday, July 26 by Evercore. On Tuesday, April 12 the stock rating was maintained by Credit Suisse with “Outperform”. On Wednesday, January 25 the stock rating was downgraded by JP Morgan to “Neutral”. As per Wednesday, July 27, the company rating was downgraded by JP Morgan. The company was maintained on Tuesday, November 22 by Imperial Capital. The rating was upgraded by Buckingham Research on Thursday, March 22 to “Buy”. On Friday, October 27 the stock rating was maintained by Cowen & Co with “Buy”. The firm has “Outperform” rating given on Friday, July 24 by Cowen & Co. The rating was maintained by Stephens with “Buy” on Friday, January 26.

Since December 13, 2017, it had 1 buying transaction, and 8 insider sales for $7.80 million activity. 1,695 Southwest Airlines Co. (NYSE:LUV) shares with value of $107,240 were sold by MONTFORD JOHN T. $1.78 million worth of stock was sold by Van de Ven Michael G on Friday, March 2. Another trade for 8,323 shares valued at $490,066 was made by Wells Gregory D on Tuesday, February 27. On Tuesday, March 13 the insider BROOKS DOUGLAS H sold $600,491. $196,875 worth of Southwest Airlines Co. (NYSE:LUV) shares were bought by CUNNINGHAM WILLIAM H DR. KELLY GARY C sold $1.58 million worth of stock or 27,271 shares.

Analysts await Southwest Airlines Co. (NYSE:LUV) to report earnings on July, 26. They expect $1.38 EPS, up 11.29% or $0.14 from last year’s $1.24 per share. LUV’s profit will be $800.12 million for 9.58 P/E if the $1.38 EPS becomes a reality. After $0.75 actual EPS reported by Southwest Airlines Co. for the previous quarter, Wall Street now forecasts 84.00% EPS growth.

More notable recent Southwest Airlines Co. (NYSE:LUV) news were published by: Bizjournals.com which released: “Southwest Airlines eyes new international routes” on May 18, 2018, also Seekingalpha.com with their article: “Southwest Airlines: Buyback Speaks Volumes” published on May 17, 2018, Bizjournals.com published: “Dallas proposes policy that could resolve Southwest-Delta dispute at Love Field” on May 07, 2018. More interesting news about Southwest Airlines Co. (NYSE:LUV) were released by: Streetinsider.com and their article: “Tigress Financial Partners Starts Southwest (LUV) at Buy, Pullback Offers Attractive Entry Point” published on May 25, 2018 as well as Fool.com‘s news article titled: “Southwest Airlines Confirms Its International Ambitions” with publication date: May 19, 2018.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

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