Covalent Partners Has Cut Lennar (LEN) Holding; United Technologies (UTX) Sentiment Is 1.05

February 20, 2018 - By Winifred Garcia

United Technologies Corporation provides technology services and products to building systems and aerospace industries worldwide. The company has market cap of $101.80 billion. The Company’s Otis segment designs, makes, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services. It has a 22.33 P/E ratio. The companyÂ’s UTC Climate, Controls & Security segment provides heating, ventilating, air conditioning, and refrigeration solutions, such as controls for residential, commercial, industrial, and transportation applications.

Covalent Partners Llc decreased Lennar Corp (LEN) stake by 22.62% reported in 2017Q3 SEC filing. Covalent Partners Llc sold 36,618 shares as Lennar Corp (LEN)’s stock rose 12.25%. The Covalent Partners Llc holds 125,271 shares with $6.61 million value, down from 161,889 last quarter. Lennar Corp now has $18.85 billion valuation. The stock decreased 2.27% or $1.38 during the last trading session, reaching $59.48. About 2.58M shares traded. Lennar Corporation (NYSE:LEN) has risen 19.91% since February 20, 2017 and is uptrending. It has outperformed by 3.21% the S&P500.

The stock decreased 1.53% or $1.98 during the last trading session, reaching $127.28. About 2.27 million shares traded. United Technologies Corporation (UTX) has risen 22.99% since February 20, 2017 and is uptrending. It has outperformed by 6.29% the S&P500.

Ratings analysis reveals 29% of United Tech’s analysts are positive. Out of 7 Wall Street analysts rating United Tech, 2 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $110.0 while the high is $118.0. The stock’s average target of $114.75 is -9.84% below today’s ($127.28) share price. UTX was included in 7 notes of analysts from September 19, 2016. The rating was maintained by RBC Capital Markets on Thursday, January 12 with “Sector Perform”. The stock of United Technologies Corporation (NYSE:UTX) earned “Buy” rating by UBS on Monday, September 19. The firm has “Outperform” rating by Credit Suisse given on Monday, December 19. The stock has “Hold” rating by Argus Research on Thursday, January 26. As per Thursday, October 6, the company rating was initiated by Robert W. Baird. The company was maintained on Friday, January 27 by Stifel Nicolaus. The rating was downgraded by Citigroup to “Neutral” on Monday, October 10.

Rit Capital Partners Plc holds 8.69% of its portfolio in United Technologies Corporation for 35,400 shares. Csu Producer Resources Inc. owns 15,000 shares or 8.24% of their US portfolio. Moreover, Southeastern Asset Management Inc Tn has 6.78% invested in the company for 4.86 million shares. The Singapore-based Bank Pictet & Cie (Asia) Ltd has invested 5.04% in the stock. Jensen Investment Management Inc, a Oregon-based fund reported 3.12 million shares.

Since January 1, 0001, it had 0 insider purchases, and 3 insider sales for $734,561 activity.

Since October 2, 2017, it had 0 insider purchases, and 9 sales for $16.82 million activity. JAFFE JONATHAN M had sold 20,000 shares worth $1.28M on Tuesday, January 2. Collins David M also sold $355,750 worth of Lennar Corporation (NYSE:LEN) shares. GROSS BRUCE E sold $1.04M worth of Lennar Corporation (NYSE:LEN) on Friday, January 12. 125,000 Lennar Corporation (NYSE:LEN) shares with value of $8.69M were sold by SUSTANA MARK. The insider BESSETTE DIANE J sold $695,000.

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