Sumitomo Life Insurance Company Increased By $1.07 Million Its United Technologies Com (UTX) Holding; 8 Analysts Covering Canadian Solar Inc. (CSIQ)

July 17, 2017 - By Clifton Ray

Sumitomo Life Insurance Company increased United Technologies Corp Com (UTX) stake by 54.88% reported in 2016Q4 SEC filing. Sumitomo Life Insurance Company acquired 9,793 shares as United Technologies Corp Com (UTX)’s stock rose 8.03%. The Sumitomo Life Insurance Company holds 27,637 shares with $3.03 million value, up from 17,844 last quarter. United Technologies Corp Com now has $99.15B valuation. The stock increased 0.28% or $0.34 on July 14, reaching $123.41. About shares traded. United Technologies Corporation (NYSE:UTX) has risen 22.99% since July 17, 2016 and is uptrending. It has outperformed by 6.29% the S&P500.

Among 14 analysts covering Canadian Solar Inc. (NASDAQ:CSIQ), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Canadian Solar Inc. had 27 analyst reports since August 19, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, November 22 by Roth Capital. The firm has “Buy” rating by Standpoint Research given on Monday, August 24. Cowen & Co maintained Canadian Solar Inc. (NASDAQ:CSIQ) rating on Monday, July 10. Cowen & Co has “Hold” rating and $1300 target. Standpoint Research upgraded Canadian Solar Inc. (NASDAQ:CSIQ) on Friday, August 21 to “Buy” rating. The company was initiated on Thursday, September 24 by Stifel Nicolaus. The rating was initiated by Oppenheimer on Tuesday, September 8 with “Outperform”. The firm has “Outperform” rating given on Friday, December 18 by FBR Capital. On Wednesday, November 25 the stock rating was downgraded by Standpoint Research to “Hold”. The firm has “Hold” rating by Roth Capital given on Tuesday, June 6. The stock of Canadian Solar Inc. (NASDAQ:CSIQ) has “Outperform” rating given on Wednesday, March 16 by Northland Capital. See Canadian Solar Inc. (NASDAQ:CSIQ) latest ratings:

10/07/2017 Broker: Cowen & Co Rating: Hold New Target: $13.0000 Maintain
07/06/2017 Broker: Cowen & Co Rating: Hold Maintain
06/06/2017 Broker: Roth Capital Rating: Hold New Target: $12.0000 Maintain
06/06/2017 Broker: Oppenheimer Rating: Buy New Target: $32.0000 Maintain

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 7 have Buy rating, 0 Sell and 14 Hold. Therefore 33% are positive. United Technologies Corporation had 53 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Monday, December 19 by Credit Suisse. Stifel Nicolaus maintained United Technologies Corporation (NYSE:UTX) on Friday, July 7 with “Hold” rating. The firm earned “Buy” rating on Wednesday, October 21 by Citigroup. On Tuesday, May 3 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. The rating was maintained by Jefferies with “Buy” on Friday, April 28. As per Thursday, September 10, the company rating was maintained by Citigroup. The stock of United Technologies Corporation (NYSE:UTX) has “Sector Perform” rating given on Tuesday, December 15 by RBC Capital Markets. The stock of United Technologies Corporation (NYSE:UTX) earned “Hold” rating by Deutsche Bank on Tuesday, August 25. As per Tuesday, October 6, the company rating was upgraded by Numis Securities. The stock has “Neutral” rating by Robert W. Baird on Thursday, October 6.

Sumitomo Life Insurance Company decreased Grainger W W Inc Com (NYSE:GWW) stake by 3,184 shares to 3,339 valued at $775,000 in 2016Q4. It also reduced Intel Corp Com (NASDAQ:INTC) stake by 24,218 shares and now owns 142,990 shares. Zimmer Biomet Hldgs Inc Com (ZMH) was reduced too.

Since February 6, 2017, it had 0 buys, and 10 insider sales for $11.15 million activity. 2,541 shares were sold by Dumais Michael R, worth $284,906. $246,111 worth of United Technologies Corporation (NYSE:UTX) shares were sold by JOHRI AKHIL. The insider Gill Charles D sold 37,975 shares worth $4.25M. Shares for $925,993 were sold by DELPECH PHILIPPE on Wednesday, May 3. Gitlin David L. also sold $1.00M worth of United Technologies Corporation (NYSE:UTX) shares. 2,991 shares valued at $335,057 were sold by Amato Elizabeth B on Thursday, February 16. 17,450 shares were sold by HAYES GREGORY, worth $1.93 million.

Investors sentiment decreased to 1 in Q4 2016. Its down 0.06, from 1.06 in 2016Q3. It turned negative, as 70 investors sold UTX shares while 516 reduced holdings. 100 funds opened positions while 484 raised stakes. 623.51 million shares or 1.02% less from 629.95 million shares in 2016Q3 were reported. Hudock Cap Gp Lc reported 0.23% of its portfolio in United Technologies Corporation (NYSE:UTX). Oregon Employees Retirement Fund reported 80,606 shares or 0.18% of all its holdings. Brown Mngmt Limited Co invested in 0.01% or 7,167 shares. Mastrapasqua Asset has invested 2.02% in United Technologies Corporation (NYSE:UTX). 53,000 are held by Andra Ap. Alphamark Advsrs Limited Liability invested in 0.01% or 100 shares. Berkshire Asset Ltd Liability Pa reported 0.09% of its portfolio in United Technologies Corporation (NYSE:UTX). Shufro Rose And Ltd, a New York-based fund reported 2,900 shares. Moreover, Pillar Pacific Cap Management Limited Liability Corp has 0.8% invested in United Technologies Corporation (NYSE:UTX). Lba Wealth Management Lc holds 0.47% of its portfolio in United Technologies Corporation (NYSE:UTX) for 7,766 shares. Broderick Brian C stated it has 37,054 shares or 1.76% of all its holdings. 298,207 are owned by Bb&T Limited Liability Corporation. Axa holds 1.21 million shares. Azimuth Mgmt Lc holds 14,297 shares or 0.13% of its portfolio. Eagle Glob Advsr Limited Co stated it has 0.01% in United Technologies Corporation (NYSE:UTX).

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