As Itron (ITRI) Stock Declined, Shareholder Daiwa Sb Investments LTD Has Raised Position; United Technologies (UTX) Shareholder Wendell David Associates Trimmed Position by $687,500

June 12, 2018 - By Hazel Jackson

Itron, Inc. (NASDAQ:ITRI) Logo

Wendell David Associates Inc decreased its stake in United Technologies (UTX) by 9.07% based on its latest 2018Q1 regulatory filing with the SEC. Wendell David Associates Inc sold 5,500 shares as the company’s stock declined 6.23% with the market. The institutional investor held 55,136 shares of the aerospace company at the end of 2018Q1, valued at $6.94M, down from 60,636 at the end of the previous reported quarter. Wendell David Associates Inc who had been investing in United Technologies for a number of months, seems to be less bullish one the $102.58 billion market cap company. The stock increased 0.04% or $0.05 during the last trading session, reaching $128.22. About 450,254 shares traded. United Technologies Corporation (NYSE:UTX) has risen 3.91% since June 12, 2017 and is uptrending. It has underperformed by 8.66% the S&P500. Some Historical UTX News: 20/03/2018 – COLUMN-Commentary: Xi’s unlimited term raises risks for Silicon Valley; 21/03/2018 – United Tech’s Kidde: Cap Left on During Manufacturing Process Can Cover Smoke Sensor; 24/04/2018 – United Technologies 1Q Segment Operating Margin 13.1%; 10/04/2018 – Intelligence From Every Angle: UTC Aerospace Systems Launches Intelligent Service, Prognostics And Health Management Solution T; 23/05/2018 – UNITED TECHNOLOGIES TO MAKE $15B INVESTMENT IN U.S. NEXT 5 YRS; 11/05/2018 – United Technologies Presenting at Conference May 22; 04/05/2018 – United Tech Disagrees With Several of the Assertions Contained in the Third Point Letter; 16/03/2018 – Hayes argues that the United States should avoid trade complications for the sake of companies like Boeing; 23/05/2018 – United Tech’s Pratt & Whitney to Invest Up to $100M in West Palm Beach Facility; 20/04/2018 – United Technologies Closes Below 200-Day Average: Technicals

Daiwa Sb Investments Ltd increased its stake in Itron Inc (ITRI) by 114.42% based on its latest 2018Q1 regulatory filing with the SEC. Daiwa Sb Investments Ltd bought 22,572 shares as the company’s stock declined 16.12% with the market. The institutional investor held 42,300 shares of the capital goods company at the end of 2018Q1, valued at $3.03M, up from 19,728 at the end of the previous reported quarter. Daiwa Sb Investments Ltd who had been investing in Itron Inc for a number of months, seems to be bullish on the $2.31 billion market cap company. The stock increased 0.51% or $0.3 during the last trading session, reaching $58.9. About 29,140 shares traded. Itron, Inc. (NASDAQ:ITRI) has declined 12.13% since June 12, 2017 and is downtrending. It has underperformed by 24.70% the S&P500. Some Historical ITRI News: 27/04/2018 – New Research: Key Drivers of Growth for Electro Scientific Industries, Worthington Industries, Navigant Consulting, Itron, Sout; 22/03/2018 – Utilidata and ltron Join Forces to Modernize Electric Grid; 15/05/2018 – ltron to Monitor Electric System in New Zealand; 05/04/2018 – Itron to Modernize Water Infrastructure in Arkansas with Smart Meter Migration; 11/05/2018 – ITRON INC SAYS ANTICIPATED THAT THE QUARTERLY REPORT ON FORM 10-Q WILL BE FILED ON OR BEFORE MAY 15; 22/03/2018 – ltron Expands Work in Jordan to Address Non-Revenue Water; 04/04/2018 – NorthWestern Energy Signs Contract with ltron to Modernize Energy Grid; 14/05/2018 – Itron 1Q Adj EPS 13c; 20/03/2018 – Itron Opens Call for Abstracts for Itron Utility Week 2018; 21/03/2018 – ITRON – SIGNED A FIVE-YEAR CONTRACT WITH CITY OF ROSEVILLE, CALIFORNIA, TO MODERNIZE ITS ELECTRICITY AND WATER SYSTEMS WITH OPENWAY RIVA IOT SOLUTION

Among 11 analysts covering Itron Inc. (NASDAQ:ITRI), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Itron Inc. had 39 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Itron, Inc. (NASDAQ:ITRI) earned “Hold” rating by Canaccord Genuity on Friday, August 7. The stock has “Hold” rating by Gabelli on Wednesday, October 7. The firm has “Hold” rating by Argus Research given on Wednesday, November 29. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, June 1. The stock of Itron, Inc. (NASDAQ:ITRI) earned “Buy” rating by Canaccord Genuity on Monday, June 12. The firm has “Hold” rating by Cowen & Co given on Tuesday, September 5. The firm earned “Buy” rating on Thursday, July 13 by Robert W. Baird. JMP Securities maintained Itron, Inc. (NASDAQ:ITRI) on Thursday, March 1 with “Market Outperform” rating. Oppenheimer maintained the stock with “Buy” rating in Monday, September 18 report. The stock has “Hold” rating by Canaccord Genuity on Thursday, October 5.

Investors sentiment decreased to 1.12 in 2018 Q1. Its down 0.07, from 1.19 in 2017Q4. It is negative, as 27 investors sold ITRI shares while 66 reduced holdings. 39 funds opened positions while 65 raised stakes. 36.25 million shares or 0.55% more from 36.05 million shares in 2017Q4 were reported. Axa reported 55,000 shares or 0.02% of all its holdings. Atlantic Tru Group Incorporated Limited Liability holds 0% or 150 shares in its portfolio. Jacobs Levy Equity Mngmt Incorporated owns 145,112 shares or 0.17% of their US portfolio. New York State Teachers Retirement Sys holds 0.02% of its portfolio in Itron, Inc. (NASDAQ:ITRI) for 91,215 shares. Amalgamated Bancorporation invested in 0.01% or 4,909 shares. Kbc Group Nv, Belgium-based fund reported 302,570 shares. 53,876 are held by Arizona State Retirement Systems. 234,488 are held by Electron Capital Prns Limited Liability Com. Principal has invested 0.03% in Itron, Inc. (NASDAQ:ITRI). Sector Pension Invest Board reported 22,056 shares. Susquehanna Int Group Limited Liability Partnership, a Pennsylvania-based fund reported 9,013 shares. Deutsche Bankshares Ag stated it has 181,804 shares. United Svcs Automobile Association holds 0.02% of its portfolio in Itron, Inc. (NASDAQ:ITRI) for 127,271 shares. Los Angeles Cap Equity holds 0% of its portfolio in Itron, Inc. (NASDAQ:ITRI) for 8,908 shares. Aperio Group Limited Liability Corporation holds 0.01% or 31,089 shares.

Since December 14, 2017, it had 3 buys, and 6 sales for $13.29 million activity. The insider Votava Shannon M. sold 6,661 shares worth $476,795. Another trade for 2,000 shares valued at $148,030 was sold by GLANVILLE THOMAS S. The insider MEZEY PHILIP sold 4,717 shares worth $335,379. On Thursday, May 24 SCOPIA CAPITAL MANAGEMENT LP bought $1.19 million worth of Itron, Inc. (NASDAQ:ITRI) or 20,000 shares.

More notable recent Itron, Inc. (NASDAQ:ITRI) news were published by: Benzinga.com which released: “21 Stocks Moving In Monday’s Pre-Market Session” on June 11, 2018, also Businesswire.com with their article: “Itron to Introduce Ultrasonic Intelis Water Meter at AWWA Conference” published on June 06, 2018, Seekingalpha.com published: “Itron reports Q1 revenue beat, margin drop” on May 14, 2018. More interesting news about Itron, Inc. (NASDAQ:ITRI) were released by: Seekingalpha.com and their article: “Itron’s (ITRI) CEO Philip Mezey On Q1 2018 Results – Earnings Call Transcript” published on May 15, 2018 as well as Nasdaq.com‘s news article titled: “Nicholas Financial Announces Kelly Malson as Chief Financial Officer” with publication date: May 30, 2018.

Daiwa Sb Investments Ltd, which manages about $47.22 billion and $344.80M US Long portfolio, decreased its stake in Cl C by 331 shares to 1,131 shares, valued at $1.17M in 2018Q1, according to the filing. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 5,540 shares in the quarter, leaving it with 26,720 shares, and cut its stake in Spdr S&P 500 Etf Trust (SPY).

Since December 13, 2017, it had 1 buying transaction, and 7 sales for $3.22 million activity. 9,700 shares were sold by Gill Charles D, worth $1.25M. Shares for $1.09M were bought by Reynolds Fredric G on Friday, April 27. $1.28M worth of United Technologies Corporation (NYSE:UTX) shares were sold by MCDONOUGH ROBERT J. Amato Elizabeth B had sold 4,341 shares worth $546,600. On Tuesday, May 22 JOHRI AKHIL sold $803,037 worth of United Technologies Corporation (NYSE:UTX) or 6,259 shares.

Wendell David Associates Inc, which manages about $664.31M and $555.21M US Long portfolio, upped its stake in Fiserv (NASDAQ:FISV) by 76,600 shares to 172,030 shares, valued at $12.27 million in 2018Q1, according to the filing. It also increased its holding in Home Depot (NYSE:HD) by 2,701 shares in the quarter, for a total of 17,175 shares, and has risen its stake in Ishares S&P Us Pfd Etf (PFF).

More notable recent United Technologies Corporation (NYSE:UTX) news were published by: Investorplace.com which released: “Despite Some Support, General Electric Company Stock Still Isn’t a Buy” on June 12, 2018, also Seekingalpha.com with their article: “Cisco Is A High Quality Stock – Cramer’s Lightning Round (6/8/18)” published on June 11, 2018, Globenewswire.com published: “P&WC Now Providing its Proactive Help Desk Digital Engine Service to Nearly 3000 PW300 Engines” on June 12, 2018. More interesting news about United Technologies Corporation (NYSE:UTX) were released by: Seekingalpha.com and their article: “United Technologies’ Accelerating Growth” published on June 08, 2018 as well as Seekingalpha.com‘s news article titled: “You’re Better Off Sitting On The Sidelines In The United Technologies And Rockwell Collins Deal” with publication date: June 05, 2018.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on July, 24. They expect $1.83 EPS, down 1.08% or $0.02 from last year’s $1.85 per share. UTX’s profit will be $1.46 billion for 17.52 P/E if the $1.83 EPS becomes a reality. After $1.77 actual EPS reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts 3.39% EPS growth.

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. Deutsche Bank maintained it with “Hold” rating and $112 target in Monday, December 5 report. The stock of United Technologies Corporation (NYSE:UTX) has “Buy” rating given on Thursday, September 10 by Citigroup. As per Tuesday, April 24, the company rating was maintained by Stifel Nicolaus. The company was upgraded on Tuesday, December 5 by Atlantic Securities. Jefferies maintained the shares of UTX in report on Tuesday, October 3 with “Buy” rating. Argus Research maintained it with “Buy” rating and $125 target in Wednesday, July 22 report. The stock of United Technologies Corporation (NYSE:UTX) has “Buy” rating given on Monday, August 28 by Jefferies. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, August 25. RBC Capital Markets maintained the shares of UTX in report on Tuesday, January 23 with “Buy” rating. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Tuesday, October 13.

Investors sentiment increased to 0.94 in 2018 Q1. Its up 0.02, from 0.92 in 2017Q4. It increased, 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. 16,993 were accumulated by Dynamic Advisor Solutions Ltd Limited Liability Company. Highland Management Ltd has 0.53% invested in United Technologies Corporation (NYSE:UTX). Barry Advisors Limited Liability owns 0.08% invested in United Technologies Corporation (NYSE:UTX) for 1,667 shares. Pittenger And Anderson Inc holds 0.55% or 49,937 shares. Zeke Capital Advsr Limited Liability Company stated it has 23,658 shares. Old Mutual Customised Solutions (Proprietary) reported 16,461 shares. Connable Office has 0.76% invested in United Technologies Corporation (NYSE:UTX) for 30,762 shares. Eastern Bank stated it has 2,731 shares or 0.02% of all its holdings. Notis reported 36,506 shares or 2.75% of all its holdings. Jp Marvel Inv Advsr Limited Company reported 34,989 shares. Rafferty Asset Mgmt Llc holds 0.07% of its portfolio in United Technologies Corporation (NYSE:UTX) for 39,749 shares. Alabama-based Zweig has invested 1.98% in United Technologies Corporation (NYSE:UTX). Parametric Port Associate Limited Liability has 0.29% invested in United Technologies Corporation (NYSE:UTX) for 2.35M shares. Acadian Asset Mgmt Lc accumulated 0.13% or 244,204 shares. Edge Wealth Mgmt Lc reported 0.77% stake.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

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