Scheer Rowlett & Associates Investment Management LTD Continues to Hold Holding in Bank Of Nova Scotia (BNS); United Technologies (UTX) Holder Reilly Herbert Faulkner Iii Has Increased Holding by $322,750 as Stock Price Declined

June 14, 2018 - By Linda Rogers

The Bank of Nova Scotia (NYSE:BNS) Logo

Reilly Herbert Faulkner Iii increased its stake in United Technologies Corp (UTX) by 100.58% based on its latest 2018Q1 regulatory filing with the SEC. Reilly Herbert Faulkner Iii bought 2,582 shares as the company’s stock declined 6.23% with the market. The institutional investor held 5,149 shares of the aerospace company at the end of 2018Q1, valued at $648,000, up from 2,567 at the end of the previous reported quarter. Reilly Herbert Faulkner Iii who had been investing in United Technologies Corp for a number of months, seems to be bullish on the $101.29 billion market cap company. The stock decreased 0.27% or $0.34 during the last trading session, reaching $126.6. About 1.60 million shares traded. United Technologies Corporation (NYSE:UTX) has risen 3.91% since June 14, 2017 and is uptrending. It has underperformed by 8.66% the S&P500. Some Historical UTX News: 26/03/2018 – Daniel Loeb’s Third Point eyeing stake in United Technologies; 08/04/2018 – SAUDI’S BAHRI – CONFIRMS THAT OIL TANKER ABQAIQ WAS TARGETED ON APRIL 03, AT 09:16 UTC IN INTERNATIONAL WATERS SOUTH WEST OF PORT OF AL HUDAYDAH IN YEMEN IS ONE OF ITS VESSELS; 12/03/2018 – Boeing, Caterpillar and United Technologies fell more than 2 percent; 20/03/2018 – COLUMN-Commentary: Xi’s unlimited term raises risks for Silicon Valley; 02/05/2018 – Yahoo! UK: Exclusive – UTC set to win EU approval for $23 bln Rockwell Collins deal; 24/04/2018 – UNITED TECHNOLOGIES BOOSTS FORECAST; 04/05/2018 – United Technologies Wins EU Nod for $23 Billion Rockwell Deal; 16/03/2018 – UTX CFO: PRICE INCREASES FROM TARIFFS LIKELY PASS TO CUSTOMERS; 18/05/2018 – UTC Climate, Controls & Security Signs Definitive Agreement to Sell Taylor Co; 24/04/2018 – UNITED TECHNOLOGIES 1Q ADJ EPS $1.77

Scheer Rowlett & Associates Investment Management Ltd increased its stake in Bank Of Nova Scotia (BNS) by 10.73% based on its latest 2018Q1 regulatory filing with the SEC. Scheer Rowlett & Associates Investment Management Ltd bought 150,765 shares as the company’s stock declined 0.93% with the market. The institutional investor held 1.56M shares of the major banks company at the end of 2018Q1, valued at $95.79 million, up from 1.41 million at the end of the previous reported quarter. Scheer Rowlett & Associates Investment Management Ltd who had been investing in Bank Of Nova Scotia for a number of months, seems to be bullish on the $71.83 billion market cap company. The stock decreased 0.99% or $0.58 during the last trading session, reaching $58. About 678,113 shares traded. The Bank of Nova Scotia (NYSE:BNS) has risen 10.02% since June 14, 2017 and is uptrending. It has underperformed by 2.55% the S&P500. Some Historical BNS News: 10/04/2018 – Taiwan’s Cathay Financial scraps plan to buy Bank of Nova Scotia’s Malaysia unit; 10/04/2018 – Scotiabank CEO Addresses Shareholders And Promotes Employee Development In His Address At The Scotiabank Annual Meeting Of Shareholders; 21/03/2018 – SCOTIABANK CEO `VERY COMFORTABLE’ WITH RISK PROFILE AT BANK; 28/03/2018 – SCOTIABANK CFO MCGUCKIN BEGINS TALK AT NATIONAL BANK EVENT; 02/05/2018 – Yahoo! UK: Exclusive – Scotiabank reworks ScotiaMocatta metals after failed sale; 08/05/2018 – BANK OF NOVA SCOTIA RAISES FIXED MORTGAGE RATES EFFECTIVE TODAY; 17/05/2018 – UK DMO SAYS SCOTIABANK QUITS AS PRIMARY DEALER FOR UK GOVERNMENT DEBT; 29/03/2018 – Improving US Household and Business Fundamentals Point to Higher US Sales Ahead: Scotiabank Economics; 10/04/2018 – SCOTIABANK CEO SAYS DISPACEMENT ISSUES SHOULDN’T BE IGNORED; 08/05/2018 – SCOTIABANK RAISES 5YR FIXED MORTGAGE POSTED RATE 20BPS TO 5.34%

Scheer Rowlett & Associates Investment Management Ltd, which manages about $1.57 billion US Long portfolio, decreased its stake in Goldcorp Inc. (NYSE:GG) by 1.02 million shares to 3.36 million shares, valued at $46.43 million in 2018Q1, according to the filing. It also reduced its holding in Canadian Imperial Bank Of Commerce (NYSE:CM) by 38,530 shares in the quarter, leaving it with 1.18 million shares, and cut its stake in Manulife Financial Corp. (NYSE:MFC).

Among 9 analysts covering The Bank Of Nova Scotia (NYSE:BNS), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. The Bank Of Nova Scotia had 18 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of The Bank of Nova Scotia (NYSE:BNS) earned “Buy” rating by Canaccord Genuity on Friday, August 28. The firm earned “Neutral” rating on Tuesday, June 5 by Bank of America. The stock of The Bank of Nova Scotia (NYSE:BNS) has “Neutral” rating given on Thursday, June 9 by Macquarie Research. The company was maintained on Wednesday, August 31 by RBC Capital Markets. On Tuesday, May 23 the stock rating was upgraded by Barclays Capital to “Overweight”. The stock of The Bank of Nova Scotia (NYSE:BNS) has “Buy” rating given on Tuesday, August 29 by Canaccord Genuity. On Wednesday, May 31 the stock rating was maintained by RBC Capital Markets with “Outperform”. RBC Capital Markets maintained it with “Outperform” rating and $73 target in Monday, August 31 report. The company was maintained on Wednesday, December 2 by RBC Capital Markets. Dundee Securities initiated The Bank of Nova Scotia (NYSE:BNS) on Wednesday, September 21 with “Buy” rating.

More recent The Bank of Nova Scotia (NYSE:BNS) news were published by: Seekingalpha.com which released: “The Bank of Nova Scotia’s (BNS) CEO Brian Porter on Q2 2018 Results – Earnings Call Transcript” on May 29, 2018. Also Seekingalpha.com published the news titled: “Scotiabank to buy MD Financial Management for C$2.59B” on May 31, 2018. Seekingalpha.com‘s news article titled: “Financial upgrades / downgrades” with publication date: June 11, 2018 was also an interesting one.

Investors sentiment increased to 0.94 in 2018 Q1. Its up 0.02, from 0.92 in 2017Q4. It is positive, as 62 investors sold UTX shares while 542 reduced holdings. 98 funds opened positions while 467 raised stakes. 630.65 million shares or 1.06% more from 624.06 million shares in 2017Q4 were reported. Hl Fincl Llc reported 29,888 shares or 0.07% of all its holdings. Provident Tru accumulated 0.02% or 4,400 shares. Cobblestone Cap Advsr Lc has invested 0.07% of its portfolio in United Technologies Corporation (NYSE:UTX). Dumont Blake Invest Advisors Ltd Liability Com stated it has 7,181 shares or 0.39% of all its holdings. Smith Salley And Assocs stated it has 1.92% of its portfolio in United Technologies Corporation (NYSE:UTX). Sit Inv Associate invested 0.15% in United Technologies Corporation (NYSE:UTX). Avalon Limited Liability Corp holds 0.38% or 100,058 shares in its portfolio. Narwhal Capital reported 0.64% stake. Hightower Ltd Llc holds 0.27% or 257,509 shares in its portfolio. Farr Miller Washington Limited Liability Dc has 217,525 shares. Asset Strategies invested in 6,458 shares or 0.24% of the stock. Alpha Windward Ltd Liability Corp owns 0.17% invested in United Technologies Corporation (NYSE:UTX) for 2,184 shares. Destination Wealth Management owns 137 shares. Wolverine Asset Management Limited Co has invested 0.03% in United Technologies Corporation (NYSE:UTX). Private Advisor Gru Lc has 0.15% invested in United Technologies Corporation (NYSE:UTX).

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. The firm earned “Sector Perform” rating on Tuesday, October 13 by RBC Capital Markets. The rating was maintained by UBS on Monday, September 19 with “Buy”. Argus Research maintained the stock with “Buy” rating in Wednesday, July 22 report. The stock of United Technologies Corporation (NYSE:UTX) earned “Hold” rating by RBC Capital Markets on Friday, September 15. The stock of United Technologies Corporation (NYSE:UTX) has “Outperform” rating given on Friday, January 5 by Robert W. Baird. The stock of United Technologies Corporation (NYSE:UTX) has “Sector Perform” rating given on Tuesday, May 3 by RBC Capital Markets. The stock has “Buy” rating by UBS on Tuesday, January 23. RBC Capital Markets maintained it with “Buy” rating and $16100 target in Friday, April 6 report. The rating was maintained by Deutsche Bank on Monday, September 21 with “Hold”. The stock of United Technologies Corporation (NYSE:UTX) has “Hold” rating given on Tuesday, April 3 by Stifel Nicolaus.

More notable recent United Technologies Corporation (NYSE:UTX) news were published by: Seekingalpha.com which released: “United Technologies’ Accelerating Growth” on June 08, 2018, also Seekingalpha.com with their article: “You’re Better Off Sitting On The Sidelines In The United Technologies And Rockwell Collins Deal” published on June 05, 2018, Seekingalpha.com published: “Cisco Is A High Quality Stock – Cramer’s Lightning Round (6/8/18)” on June 11, 2018. More interesting news about United Technologies Corporation (NYSE:UTX) were released by: Streetinsider.com and their article: “Engine makers on track with recovery plan for A320 engines, Airbus says” published on June 14, 2018 as well as Fool.com‘s news article titled: “Boeing Continues Assault on Supplier Base With New JV” with publication date: June 09, 2018.

Since December 15, 2017, it had 1 insider purchase, and 5 sales for $2.57 million activity. Gill Charles D sold $1.25 million worth of stock or 9,700 shares. On Wednesday, May 2 MCDONOUGH ROBERT J sold $1.28M worth of United Technologies Corporation (NYSE:UTX) or 10,770 shares. $1.09M worth of United Technologies Corporation (NYSE:UTX) was bought by Reynolds Fredric G on Friday, April 27. $803,037 worth of United Technologies Corporation (NYSE:UTX) shares were sold by JOHRI AKHIL. The insider Bailey Robert J. sold 864 shares worth $108,873.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

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