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United Technologies (UTX) Shareholder Virtus Investment Advisers Has Lowered Its Stake; As Medtronic Plc (MDT) Share Value Rose, Park National Has Cut Position by $1.13 Million

Park National Corp decreased its stake in Medtronic Plc (MDT) by 17.13% based on its latest 2017Q3 regulatory filing with the SEC. Park National Corp sold 14,640 shares as the company’s stock rose 5.51% with the market. The institutional investor held 70,822 shares of the electromedical & electrotherapeutic apparatus company at the end of 2017Q3, valued at $5.51 million, down from 85,462 at the end of the previous reported quarter. Park National Corp who had been investing in Medtronic Plc for a number of months, seems to be less bullish one the $117.32B market cap company. The stock decreased 0.66% or $0.58 during the last trading session, reaching $86.68. About 7.31M shares traded or 34.93% up from the average. Medtronic plc (NYSE:MDT) has risen 4.04% since January 21, 2017 and is uptrending. It has underperformed by 12.66% the S&P500.

Virtus Investment Advisers Inc decreased its stake in United Technologies Corp (UTX) by 12.8% based on its latest 2017Q3 regulatory filing with the SEC. Virtus Investment Advisers Inc sold 4,643 shares as the company’s stock rose 8.03% with the market. The institutional investor held 31,628 shares of the aerospace company at the end of 2017Q3, valued at $3.67M, down from 36,271 at the end of the previous reported quarter. Virtus Investment Advisers Inc who had been investing in United Technologies Corp for a number of months, seems to be less bullish one the $108.53 billion market cap company. The stock increased 0.96% or $1.29 during the last trading session, reaching $135.9. About 3.24 million shares traded. United Technologies Corporation (NYSE:UTX) has risen 22.99% since January 21, 2017 and is uptrending. It has outperformed by 6.29% the S&P500.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on January, 24. They expect $1.56 EPS, 0.00% or $0.00 from last year’s $1.56 per share. UTX’s profit will be $1.25B for 21.78 P/E if the $1.56 EPS becomes a reality. After $1.73 actual EPS reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts -9.83% negative EPS growth.

Since December 13, 2017, it had 0 buys, and 3 sales for $734,561 activity. $546,600 worth of United Technologies Corporation (NYSE:UTX) was sold by Amato Elizabeth B.

Investors sentiment increased to 1.05 in 2017 Q3. Its up 0.10, from 0.95 in 2017Q2. It improved, as 63 investors sold UTX shares while 503 reduced holdings. 111 funds opened positions while 484 raised stakes. 621.08 million shares or 1.52% more from 611.76 million shares in 2017Q2 were reported. Maple Management holds 1.53% of its portfolio in United Technologies Corporation (NYSE:UTX) for 48,884 shares. Palisade Asset Mgmt Limited Liability Company reported 86,464 shares stake. Renaissance Gp Llc reported 0.03% of its portfolio in United Technologies Corporation (NYSE:UTX). Walter & Keenan Consulting Company Mi Adv accumulated 15,450 shares. Cue Grp Inc has 7,016 shares for 0.57% of their portfolio. Roberts Glore And Co Incorporated Il, a Illinois-based fund reported 10,115 shares. United Kingdom-based Aviva Public Limited has invested 0.45% in United Technologies Corporation (NYSE:UTX). Naples Global Advisors invested in 10,506 shares. Profund Advisors Limited Company holds 0.12% of its portfolio in United Technologies Corporation (NYSE:UTX) for 25,078 shares. Corda Mgmt Llc has invested 2.14% in United Technologies Corporation (NYSE:UTX). State Treasurer State Of Michigan owns 473,103 shares. Boothbay Fund Management Ltd Liability Corp reported 1,889 shares or 0.04% of all its holdings. Mason Street Advsrs Ltd Com, Wisconsin-based fund reported 103,123 shares. Td Cap Management Llc invested 0% in United Technologies Corporation (NYSE:UTX). British Columbia Invest Management Corporation holds 0.27% or 301,622 shares.

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 10 have Buy rating, 0 Sell and 11 Hold. Therefore 48% are positive. United Technologies Corporation had 71 analyst reports since July 21, 2015 according to SRatingsIntel. Goldman Sachs downgraded United Technologies Corporation (NYSE:UTX) on Monday, May 2 to “Neutral” rating. Deutsche Bank maintained it with “Hold” rating and $102 target in Monday, September 21 report. The stock of United Technologies Corporation (NYSE:UTX) has “Market Perform” rating given on Wednesday, September 6 by Cowen & Co. On Thursday, August 10 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of United Technologies Corporation (NYSE:UTX) has “Neutral” rating given on Thursday, October 6 by Robert W. Baird. On Wednesday, October 25 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm earned “Hold” rating on Tuesday, December 1 by Liberum Capital. The firm earned “Buy” rating on Tuesday, October 6 by Numis Securities. The stock has “Equal Weight” rating by Barclays Capital on Monday, August 31. Jefferies maintained United Technologies Corporation (NYSE:UTX) rating on Monday, January 8. Jefferies has “Buy” rating and $152.0 target.

Virtus Investment Advisers Inc, which manages about $40.49B and $952.83M US Long portfolio, upped its stake in Ansys Inc (NASDAQ:ANSS) by 3,331 shares to 4,319 shares, valued at $530,000 in 2017Q3, according to the filing. It also increased its holding in Berkshire Hathaway Inc Del (BRKB) by 47,482 shares in the quarter, for a total of 75,895 shares, and has risen its stake in Hunt J B Trans Svcs Inc (NASDAQ:JBHT).

Among 28 analysts covering Medtronic (NYSE:MDT), 19 have Buy rating, 0 Sell and 9 Hold. Therefore 68% are positive. Medtronic had 78 analyst reports since August 10, 2015 according to SRatingsIntel. Needham maintained it with “Buy” rating and $95.0 target in Wednesday, August 23 report. On Friday, September 4 the stock rating was maintained by Jefferies with “Hold”. As per Tuesday, August 22, the company rating was maintained by BTIG Research. Needham maintained the shares of MDT in report on Wednesday, February 22 with “Buy” rating. The firm has “Buy” rating given on Tuesday, July 18 by Needham. As per Wednesday, November 23, the company rating was maintained by BMO Capital Markets. The stock of Medtronic plc (NYSE:MDT) has “Hold” rating given on Wednesday, August 23 by Northland Capital. As per Tuesday, July 18, the company rating was maintained by Oppenheimer. The rating was maintained by Stifel Nicolaus with “Hold” on Tuesday, July 18. The company was maintained on Tuesday, August 22 by BMO Capital Markets.

Analysts await Medtronic plc (NYSE:MDT) to report earnings on February, 20. They expect $1.17 EPS, up 4.46% or $0.05 from last year’s $1.12 per share. MDT’s profit will be $1.58B for 18.52 P/E if the $1.17 EPS becomes a reality. After $1.07 actual EPS reported by Medtronic plc for the previous quarter, Wall Street now forecasts 9.35% EPS growth.

Park National Corp, which manages about $1.74B US Long portfolio, upped its stake in Cincinnati Financial Corporati (NASDAQ:CINF) by 5,320 shares to 75,361 shares, valued at $5.77M in 2017Q3, according to the filing. It also increased its holding in Intercontinental Exchange Inc (NYSE:ICE) by 30,843 shares in the quarter, for a total of 95,016 shares, and has risen its stake in Cisco Systems Inc (NASDAQ:CSCO).

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