International Business Machine (IBM) Shares Declined While Ftb Advisors Upped Its Stake; Dean Capital Management Position in Watts Water Technologies (WTS) Lowered by $344,960

June 14, 2018 - By Marguerite Chambers

Watts Water Technologies, Inc. (NYSE:WTS) Logo

Ftb Advisors Inc increased its stake in International Business Machine (IBM) by 3.77% based on its latest 2018Q1 regulatory filing with the SEC. Ftb Advisors Inc bought 2,608 shares as the company’s stock declined 9.42% with the market. The institutional investor held 71,783 shares of the computer manufacturing company at the end of 2018Q1, valued at $11.07M, up from 69,175 at the end of the previous reported quarter. Ftb Advisors Inc who had been investing in International Business Machine for a number of months, seems to be bullish on the $133.29 billion market cap company. The stock decreased 0.79% or $1.15 during the last trading session, reaching $145.2. About 3.23 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 6.24% since June 14, 2017 and is downtrending. It has underperformed by 18.81% the S&P500. Some Historical IBM News: 26/03/2018 – The CEOs of Apple and IBM think Facebook should see greater regulation in the wake of a data breach; 18/04/2018 – IBM Earnings: It’s All About the Margins — Barron’s Blog; 15/03/2018 – Code42’s Data Security Solution Featured at IBM Think 2018; 15/05/2018 – IBM has been investing heavily in blockchain, forging partnerships with the likes of Walmart, Nestle and Maersk; 15/03/2018 – Trianz to Mark Presence at IBM Think 2018; 18/04/2018 – Slowing Cloud Growth Casts Shadow Over IBM’s Turnaround (Video); 16/05/2018 – QUALTRICS REPORTS PARTNERSHIP WITH IBM; 13/03/2018 – Zoom Video Communications Embedded into IBM Watson Workspace Plus; 19/03/2018 – REG-WlSeKey and IBM To Showcase Their integrated Solution to Secure IoT at THINK2018 Conference; 22/05/2018 – College students apply for more entry-level jobs at IBM, JP Morgan, Amazon and Tesla than at any other companies

Dean Capital Management decreased its stake in Watts Water Technologies Inc (WTS) by 14.12% based on its latest 2018Q1 regulatory filing with the SEC. Dean Capital Management sold 4,480 shares as the company’s stock declined 1.91% with the market. The institutional investor held 27,255 shares of the capital goods company at the end of 2018Q1, valued at $2.12 million, down from 31,735 at the end of the previous reported quarter. Dean Capital Management who had been investing in Watts Water Technologies Inc for a number of months, seems to be less bullish one the $2.74B market cap company. The stock increased 0.25% or $0.2 during the last trading session, reaching $80.3. About 99,897 shares traded. Watts Water Technologies, Inc. (NYSE:WTS) has risen 23.94% since June 14, 2017 and is uptrending. It has outperformed by 11.37% the S&P500. Some Historical WTS News: 03/04/2018 – WATTS WATER TECHNOLOGIES FILES MIXED SECURITIES SHELF; 13/03/2018 – Watts Water Technologies Elects New Director; 07/05/2018 – Watts Water Declares Dividend of 21c; 07/05/2018 – WATTS WATER TECHNOLOGIES BOOSTS QTRLY DIV; 07/05/2018 – Watts Water Technologies, Inc. Declares Quarterly Dividend; 03/05/2018 – WATTS WATER 1Q ADJ EPS 82C, EST. 78C; 30/03/2018 – Watts Water Technologies Announces Departure of CFO Todd Trapp; 14/05/2018 – Watts Water Presenting at KeyCorp Conference May 30; 30/03/2018 – WATTS WATER TECHNOLOGIES TODD TRAPP DECIDED TO LEAVE ON APRIL 6; 30/03/2018 – WATTS WATER TECHNOLOGIES INC – ROBERT J. PAGANO, COMPANY’S PRESIDENT AND CEO, WILL ACT AS CFO ON AN INTERIM BASIS

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 129 analyst reports since July 21, 2015 according to SRatingsIntel. Goldman Sachs maintained it with “Neutral” rating and $145 target in Tuesday, October 18 report. The rating was maintained by S&P Research with “Buy” on Wednesday, October 21. The firm has “Hold” rating given on Tuesday, July 19 by Deutsche Bank. The firm has “Market Perform” rating by Bernstein given on Tuesday, April 19. The firm has “Neutral” rating given on Tuesday, September 22 by Goldman Sachs. On Wednesday, October 28 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock has “Buy” rating by Bank of America on Thursday, November 10. On Tuesday, July 19 the stock rating was maintained by Citigroup with “Neutral”. The stock of International Business Machines Corporation (NYSE:IBM) earned “Buy” rating by Bank of America on Wednesday, July 19. The firm earned “Overweight” rating on Thursday, March 31 by Morgan Stanley.

Since January 31, 2018, it had 1 buying transaction, and 2 sales for $2.69 million activity. $99,659 worth of International Business Machines Corporation (NYSE:IBM) shares were bought by WADDELL FREDERICK H. Shares for $2.01 million were sold by Clementi Erich.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Seekingalpha.com which released: “IBM: Not Worth It” on June 14, 2018, also Globenewswire.com with their article: “Consolidated Research: 2018 Summary Expectations for Rayonier Advanced Materials, CYS Investments, Avid …” published on June 14, 2018, Seekingalpha.com published: “Executive Interview Series: IBM” on June 14, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “IBM: A Long Work-In-Progress” published on June 14, 2018 as well as Seekingalpha.com‘s news article titled: “IBM: Unimpressive And Overpriced” with publication date: June 05, 2018.

Ftb Advisors Inc, which manages about $3.88B and $1.03 billion US Long portfolio, decreased its stake in Boeing Co (NYSE:BA) by 5,284 shares to 22,567 shares, valued at $7.40 million in 2018Q1, according to the filing. It also reduced its holding in Vanguard Index Fds Formerly Vanguard Index Tr To 05/24/2001 S&P 500 Etf Shs New (VOO) by 3,493 shares in the quarter, leaving it with 12,043 shares, and cut its stake in Target Corp (NYSE:TGT).

Investors sentiment increased to 1.11 in 2018 Q1. Its up 0.08, from 1.03 in 2017Q4. It improved, as 60 investors sold IBM shares while 560 reduced holdings. 117 funds opened positions while 570 raised stakes. 501.15 million shares or 0.58% less from 504.07 million shares in 2017Q4 were reported. Foyston Gordon And Payne stated it has 1,658 shares. Stonebridge Cap Limited reported 1.3% of its portfolio in International Business Machines Corporation (NYSE:IBM). The Pennsylvania-based Girard Prtnrs Limited has invested 0.16% in International Business Machines Corporation (NYSE:IBM). Hennessy Advsrs Inc holds 93,253 shares. Sandy Spring National Bank & Trust owns 0.35% invested in International Business Machines Corporation (NYSE:IBM) for 25,995 shares. Beaumont Limited Company has 0.14% invested in International Business Machines Corporation (NYSE:IBM). Amer Century Companies Incorporated accumulated 1.09M shares. Family Firm Inc stated it has 2,915 shares. Capstone Finance Advsr stated it has 0.27% of its portfolio in International Business Machines Corporation (NYSE:IBM). 269,163 were reported by Saratoga Rech And Mgmt. Liberty Management Inc has invested 0.39% in International Business Machines Corporation (NYSE:IBM). 159,963 are held by Metropolitan Life Co Ny. Lau Associate Lc accumulated 5,980 shares or 0.71% of the stock. Hall Laurie J Trustee owns 1,423 shares for 0.13% of their portfolio. Omers Administration Corporation owns 28,700 shares for 0.04% of their portfolio.

Among 12 analysts covering Watts Water Technologies (NYSE:WTS), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. Watts Water Technologies had 32 analyst reports since August 17, 2015 according to SRatingsIntel. The stock of Watts Water Technologies, Inc. (NYSE:WTS) has “Hold” rating given on Friday, May 5 by Oppenheimer. The firm has “Neutral” rating by Seaport Global given on Friday, June 10. The stock of Watts Water Technologies, Inc. (NYSE:WTS) earned “Neutral” rating by Goldman Sachs on Wednesday, March 8. On Thursday, August 3 the stock rating was maintained by Boenning & Scattergood with “Buy”. The stock of Watts Water Technologies, Inc. (NYSE:WTS) has “Buy” rating given on Thursday, January 18 by Northcoast. Robert W. Baird maintained Watts Water Technologies, Inc. (NYSE:WTS) rating on Wednesday, December 13. Robert W. Baird has “Hold” rating and $78.0 target. The rating was maintained by Boenning & Scattergood on Tuesday, February 13 with “Buy”. The rating was maintained by Robert W. Baird on Tuesday, February 13 with “Hold”. Cowen & Co upgraded the shares of WTS in report on Monday, August 17 to “Market Perform” rating. The rating was maintained by Boenning & Scattergood on Thursday, November 2 with “Buy”.

Another recent and important Watts Water Technologies, Inc. (NYSE:WTS) news was published by Businesswire.com which published an article titled: “Watts Water Technologies to Participate in 2018 KeyBanc Industrials & Basic Materials Conference” on May 23, 2018.

Since February 15, 2018, it had 0 insider buys, and 6 sales for $6.85 million activity. Melhem Elie sold $264,493 worth of stock or 3,420 shares. 16,248 Watts Water Technologies, Inc. (NYSE:WTS) shares with value of $1.25M were sold by Pagano Robert J Jr. The insider Nanda Munish sold $526,043. Trapp Todd A had sold 8,975 shares worth $681,014 on Thursday, February 15.

Investors sentiment increased to 1.23 in Q1 2018. Its up 0.04, from 1.19 in 2017Q4. It increased, as 8 investors sold WTS shares while 67 reduced holdings. 31 funds opened positions while 61 raised stakes. 25.29 million shares or 0.89% less from 25.52 million shares in 2017Q4 were reported. Segall Bryant And Hamill Ltd Llc reported 0.06% stake. Impax Asset Mgmt Ltd has invested 4.66% in Watts Water Technologies, Inc. (NYSE:WTS). Impax Asset Ltd Liability reported 70,351 shares or 0.32% of all its holdings. Amalgamated Bancorp reported 0.01% in Watts Water Technologies, Inc. (NYSE:WTS). 50,042 are owned by Bankshares Of Montreal Can. Renaissance Tech Limited Company invested in 312,500 shares or 0.03% of the stock. Schwab Charles Investment has invested 0.01% in Watts Water Technologies, Inc. (NYSE:WTS). Citadel Advsrs Ltd Co stated it has 25,048 shares or 0% of all its holdings. Commonwealth Of Pennsylvania Pub School Empls Retrmt System holds 2,590 shares. Schroder Invest Gru invested 0.01% of its portfolio in Watts Water Technologies, Inc. (NYSE:WTS). Northern Tru Corp has invested 0.02% in Watts Water Technologies, Inc. (NYSE:WTS). Hsbc Holding Public Ltd Com has 0% invested in Watts Water Technologies, Inc. (NYSE:WTS). Ledyard Savings Bank holds 0.1% or 10,655 shares. Acadian Asset Management Llc holds 2,961 shares or 0% of its portfolio. Td Asset Inc holds 6,200 shares.

Dean Capital Management, which manages about $555.00 million and $202.14M US Long portfolio, upped its stake in Tenneco Inc (NYSE:TEN) by 11,530 shares to 58,990 shares, valued at $3.24 million in 2018Q1, according to the filing. It also increased its holding in Regal Beloit Corp (NYSE:RBC) by 8,790 shares in the quarter, for a total of 52,040 shares, and has risen its stake in Northwestern Corp.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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