United Technologies (UTX)’s Stock Insider Deal – Akhil Johri Sells 6,259 Shares; 11 Analysts Covering The Bank of New York Mellon (BK)

The Bank of New York Mellon Corporation (NYSE:BK) Logo

Among 25 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 11 have Buy rating, 3 Sell and 11 Hold. Therefore 44% are positive. The Bank Of New York Mellon Corporation had 86 analyst reports since July 22, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of BK in report on Friday, October 6 with “Hold” rating. The stock has “Neutral” rating by Citigroup on Monday, October 9. The stock of The Bank of New York Mellon Corporation (NYSE:BK) has “Neutral” rating given on Monday, April 24 by Credit Suisse. The firm earned “Buy” rating on Tuesday, January 26 by Deutsche Bank. The firm has “Underperform” rating by Bank of America given on Friday, May 26. The firm earned “Buy” rating on Friday, April 6 by Vining Sparks. The rating was upgraded by Deutsche Bank on Wednesday, September 9 to “Buy”. The firm has “Mkt Perform” rating by Keefe Bruyette & Woods given on Friday, January 20. The firm has “Overweight” rating by Morgan Stanley given on Monday, March 12. RBC Capital Markets maintained The Bank of New York Mellon Corporation (NYSE:BK) on Wednesday, August 30 with “Hold” rating. See The Bank of New York Mellon Corporation (NYSE:BK) latest ratings:

20/04/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $57 New Target: $58 Maintain
20/04/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $66 New Target: $68 Maintain
19/04/2018 Broker: Sandler O’Neill Rating: Hold New Target: $56.0000 Maintain
19/04/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $60.0000 Maintain
09/04/2018 Broker: Sandler O’Neill Rating: Hold New Target: $54.0000 Maintain
06/04/2018 Broker: Vining Sparks Rating: Buy New Target: $60.0000 Upgrade
05/04/2018 Broker: Jefferies Rating: Hold New Target: $58.0000 Maintain
06/04/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $64 New Target: $60 Maintain
12/03/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $65 New Target: $66 Maintain
12/03/2018 Broker: Goldman Sachs Rating: Hold New Target: $60.0 Downgrade

The Bank of New York Mellon Corporation provides financial services and products to institutions, firms, and high net worth individuals in the United States and internationally. The company has market cap of $57.85 billion. It operates through two divisions, Investment Management and Investment Services. It has a 14.35 P/E ratio. The firm offers investment management; trust and custody; foreign exchange; fund administration; global collateral services; securities lending; depositary receipts; corporate trust; global payment/cash management; banking services; and clearing services.

The stock decreased 0.37% or $0.21 during the last trading session, reaching $57.24. About 4.10M shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 9.66% since May 25, 2017 and is uptrending. It has underperformed by 1.89% the S&P500.

Investors sentiment decreased to 0.99 in Q4 2017. Its down 0.02, from 1.01 in 2017Q3. It dropped, as 39 investors sold The Bank of New York Mellon Corporation shares while 318 reduced holdings. 99 funds opened positions while 253 raised stakes. 824.52 million shares or 0.99% less from 832.75 million shares in 2017Q3 were reported. New England Research And Mngmt Incorporated owns 6,400 shares. Lpl Fincl Ltd holds 0.01% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK) for 65,670 shares. Quantres Asset Management Limited reported 12,300 shares or 0.42% of all its holdings. Mraz Amerine And Associates stated it has 1.28% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Horseman Capital Mgmt Ltd reported 1.65% in The Bank of New York Mellon Corporation (NYSE:BK). Neuberger Berman Limited Liability Company stated it has 0% in The Bank of New York Mellon Corporation (NYSE:BK). Price T Rowe Inc Md stated it has 0.26% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Cullinan Associate Inc holds 0.15% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK) for 37,450 shares. Howe And Rusling accumulated 720 shares. Fulton National Bank & Trust Na owns 0.09% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 24,452 shares. Wells Fargo & Mn owns 2.56M shares for 0.04% of their portfolio. Abner Herrman And Brock Llc reported 1.8% in The Bank of New York Mellon Corporation (NYSE:BK). Moreover, Livforsakringsbolaget Skandia Omsesidigt has 0.18% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 34,389 shares. Endurance Wealth accumulated 1,085 shares. Century Inc holds 6.56M shares or 0.35% of its portfolio.

More recent The Bank of New York Mellon Corporation (NYSE:BK) news were published by: Prnewswire.com which released: “BNY Mellon First Bank to Offer Request for Payment Messaging Capabilities on The Clearing House’s Real-Time …” on May 24, 2018. Also Prnewswire.com published the news titled: “BNY Mellon to Speak at the 2018 Deutsche Bank Annual Global Financial Services Conference on May 30” on May 23, 2018. Nasdaq.com‘s news article titled: “Buffett Watch: The Oracle’s Most Recent Moves” with publication date: May 23, 2018 was also an interesting one.

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 has $167.0 highest and $100 lowest target. $132.39’s average target is 3.92% above currents $127.4 stock price. United Technologies Corporation had 86 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Goldman Sachs given on Monday, May 2. Cowen & Co maintained United Technologies Corporation (NYSE:UTX) on Monday, January 22 with “Hold” rating. The stock has “Hold” rating by RBC Capital Markets on Friday, June 2. The stock of United Technologies Corporation (NYSE:UTX) earned “Outperform” rating by Credit Suisse on Monday, December 19. The stock of United Technologies Corporation (NYSE:UTX) earned “Hold” rating by RBC Capital Markets on Friday, November 10. Argus Research upgraded the stock to “Buy” rating in Friday, February 9 report. Stifel Nicolaus maintained United Technologies Corporation (NYSE:UTX) rating on Thursday, August 10. Stifel Nicolaus has “Hold” rating and $12600 target. As per Tuesday, April 3, the company rating was maintained by Stifel Nicolaus. On Thursday, January 28 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Deutsche Bank maintained the shares of UTX in report on Wednesday, September 6 with “Hold” rating.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on July, 24. They expect $1.84 earnings per share, down 0.54% or $0.01 from last year’s $1.85 per share. UTX’s profit will be $1.47 billion for 17.31 P/E if the $1.84 EPS becomes a reality. After $1.77 actual earnings per share reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts 3.95% EPS growth.

A public document filed with the Security and Exchange Commission on May 24, 2018 made public that Akhil Johri, the Executive VP and CFO of United Technologies Corp, ‘s company sold 6,259 shares. With avg market stock price per share of $128.3 the trade’s sum is $803,037 U.S Dollars. Currently, Mr. Akhil, has 40,579 shares, which accounts for 0.01% of the company’s market cap.

The stock decreased 0.14% or $0.18 during the last trading session, reaching $127.4. About 1.84M shares traded. United Technologies Corporation (NYSE:UTX) has risen 12.03% since May 25, 2017 and is uptrending. It has outperformed by 0.48% the S&P500.

More news for United Technologies Corporation (NYSE:UTX) were recently published by: Seekingalpha.com, which released: “Tracking Mason Hawkins’ Southeastern Asset Management Portfolio – Q1 2018 Update” on May 25, 2018. Fool.com‘s article titled: “The Best is Yet to Come For United Technologies” and published on May 09, 2018 is yet another important article.

United Technologies Corporation provides technology services and products to building systems and aerospace industries worldwide. The company has market cap of $101.93 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 22.35 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.

Since December 13, 2017, it had 1 insider purchase, and 6 insider sales for $1.25 million activity. On Monday, February 26 the insider Bailey Robert J. sold $274,217. The insider Reynolds Fredric G bought 9,000 shares worth $1.09M. On Friday, December 15 Amato Elizabeth B sold $546,600 worth of United Technologies Corporation (NYSE:UTX) or 4,341 shares. Shares for $1.28 million were sold by MCDONOUGH ROBERT J.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart