United Technologies (UTX) Valuation Declined While Salem Investment Counselors Trimmed Holding; Alps Advisors Upped Holding in Randgold Resources LTD (GOLD) as Market Valuation Declined

April 17, 2018 - By Dolores Ford

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Alps Advisors Inc increased its stake in Randgold Resources Ltd (GOLD) by 3.73% based on its latest 2017Q4 regulatory filing with the SEC. Alps Advisors Inc bought 11,599 shares as the company’s stock declined 12.90% with the market. The institutional investor held 322,817 shares of the precious metals company at the end of 2017Q4, valued at $31.92 million, up from 311,218 at the end of the previous reported quarter. Alps Advisors Inc who had been investing in Randgold Resources Ltd for a number of months, seems to be bullish on the $7.53 billion market cap company. The stock increased 0.78% or $0.63 during the last trading session, reaching $81.39. About 188,299 shares traded. Randgold Resources Limited (NASDAQ:GOLD) has declined 7.20% since April 17, 2017 and is downtrending. It has underperformed by 18.75% the S&P500.

Salem Investment Counselors Inc decreased its stake in United Technologies Corp (UTX) by 1.76% based on its latest 2017Q4 regulatory filing with the SEC. Salem Investment Counselors Inc sold 2,572 shares as the company’s stock declined 1.53% with the market. The institutional investor held 143,410 shares of the aerospace company at the end of 2017Q4, valued at $18.30M, down from 145,982 at the end of the previous reported quarter. Salem Investment Counselors Inc who had been investing in United Technologies Corp for a number of months, seems to be less bullish one the $99.83 billion market cap company. The stock increased 0.78% or $0.96 during the last trading session, reaching $124.77. About 1.69M shares traded. United Technologies Corporation (NYSE:UTX) has risen 12.03% since April 17, 2017 and is uptrending. It has outperformed by 0.48% the S&P500.

Since December 13, 2017, it had 0 buys, and 5 sales for $1.06 million activity. Amato Elizabeth B had sold 4,341 shares worth $546,600.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on April, 24 before the open. They expect $1.51 EPS, up 2.03% or $0.03 from last year’s $1.48 per share. UTX’s profit will be $1.21 billion for 20.66 P/E if the $1.51 EPS becomes a reality. After $1.60 actual EPS 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 84 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, September 6 by Deutsche Bank. The firm has “Hold” rating by Bernstein given on Tuesday, January 30. RBC Capital Markets maintained the shares of UTX in report on Thursday, January 28 with “Sector Perform” rating. Jefferies downgraded United Technologies Corporation (NYSE:UTX) on Monday, August 24 to “Buy” rating. The firm has “Neutral” rating by Robert W. Baird given on Thursday, October 6. The rating was maintained by RBC Capital Markets with “Hold” on Friday, July 7. Credit Suisse maintained it with “Neutral” rating and $108 target in Monday, November 16 report. On Wednesday, October 21 the stock rating was maintained by Citigroup with “Buy”. The firm has “Buy” rating given on Friday, February 9 by Argus Research. The stock has “Buy” rating by Argus Research on Wednesday, July 22.

Salem Investment Counselors Inc, which manages about $1.19 billion and $922.89 million US Long portfolio, upped its stake in Cvs Health Corp (NYSE:CVS) by 13,726 shares to 81,660 shares, valued at $5.92M in 2017Q4, according to the filing. It also increased its holding in Intel Corp (NASDAQ:INTC) by 10,765 shares in the quarter, for a total of 346,866 shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

Investors sentiment decreased to 0.92 in Q4 2017. Its down 0.13, from 1.05 in 2017Q3. It dived, 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. Ally Financial Incorporated holds 1.11% or 45,000 shares in its portfolio. Fayez Sarofim & stated it has 0.86% in United Technologies Corporation (NYSE:UTX). White Pine Capital Ltd Co holds 5,625 shares. Williams Jones Assoc holds 0.09% in United Technologies Corporation (NYSE:UTX) or 29,464 shares. Mitchell Mcleod Pugh & Williams Inc has invested 0.36% of its portfolio in United Technologies Corporation (NYSE:UTX). Weiss Asset Mngmt Lp has invested 0.53% in United Technologies Corporation (NYSE:UTX). Cornerstone accumulated 0.46% or 32,000 shares. Moreover, Country Trust Bancorp has 0% invested in United Technologies Corporation (NYSE:UTX). Van Hulzen Asset Mgmt Llc holds 0.18% of its portfolio in United Technologies Corporation (NYSE:UTX) for 4,634 shares. Cim Invest Mangement has 0.21% invested in United Technologies Corporation (NYSE:UTX). Franklin Inc stated it has 0.35% in United Technologies Corporation (NYSE:UTX). Colony Group Inc Limited Liability Company owns 9,090 shares. Engineers Gate Manager Limited Partnership holds 26,530 shares or 0.23% of its portfolio. Reilly Herbert Faulkner Iii holds 0.18% in United Technologies Corporation (NYSE:UTX) or 2,567 shares. Warren Averett Asset Mgmt Ltd Liability Corp reported 0.12% in United Technologies Corporation (NYSE:UTX).

Alps Advisors Inc, which manages about $13.32 billion and $14.44 billion US Long portfolio, decreased its stake in Applied Materials Inc (NASDAQ:AMAT) by 15,625 shares to 23,767 shares, valued at $1.22 million in 2017Q4, according to the filing. It also reduced its holding in Lyondellbasell Industries Nv (NYSE:LYB) by 46,175 shares in the quarter, leaving it with 454,689 shares, and cut its stake in Financial Select Sector Spdr F (XLF).

Among 18 analysts covering Randgold-Resources (NASDAQ:GOLD), 10 have Buy rating, 1 Sell and 7 Hold. Therefore 56% are positive. Randgold-Resources had 38 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, September 9 by UBS. The firm has “Buy” rating by Goldman Sachs given on Monday, June 27. Deutsche Bank downgraded the stock to “Hold” rating in Tuesday, February 9 report. The rating was upgraded by Canaccord Genuity on Tuesday, March 13 to “Buy”. The company was downgraded on Thursday, September 17 by Vetr. The stock of Randgold Resources Limited (NASDAQ:GOLD) earned “Neutral” rating by Citigroup on Tuesday, November 22. The rating was downgraded by HSBC on Tuesday, February 9 to “Hold”. The rating was upgraded by Morgan Stanley on Thursday, December 1 to “Overweight”. On Monday, November 7 the stock rating was upgraded by JP Morgan to “Overweight”. The stock of Randgold Resources Limited (NASDAQ:GOLD) earned “Market Perform” rating by BMO Capital Markets on Monday, March 14.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

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By1 Dolores Ford

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