Country Trust Bank Has Trimmed By $33.17 Million Its General Electric Common (GE) Holding; Cs Mckee LP Has Lowered Honeywell Intl (HON) Position

November 14, 2017 - By Vivian Park

Country Trust Bank decreased General Electric Common (GE) stake by 93.51% reported in 2017Q2 SEC filing. Country Trust Bank sold 1.23M shares as General Electric Common (GE)’s stock declined 7.64%. The Country Trust Bank holds 85,239 shares with $2.30 million value, down from 1.31 million last quarter. General Electric Common now has $156.44 billion valuation. The stock declined 5.18% or $0.98 reaching $18.04 per share. About 68.43 million shares traded. General Electric Company (NYSE:GE) has declined 4.46% since November 14, 2016 and is downtrending. It has underperformed by 21.16% the S&P500.

Cs Mckee Lp decreased Honeywell Intl (HON) stake by 3.01% reported in 2017Q2 SEC filing. Cs Mckee Lp sold 8,996 shares as Honeywell Intl (HON)’s stock rose 5.49%. The Cs Mckee Lp holds 289,434 shares with $38.58 million value, down from 298,430 last quarter. Honeywell Intl now has $111.67 billion valuation. The stock declined 0.09% or $0.13 reaching $146.58 per share. About 376,549 shares traded. Honeywell International Inc. (NYSE:HON) has risen 17.66% since November 14, 2016 and is uptrending. It has outperformed by 0.96% the S&P500.

Investors sentiment decreased to 0.79 in Q2 2017. Its down 0.03, from 0.82 in 2017Q1. It dropped, as 85 investors sold GE shares while 816 reduced holdings. 111 funds opened positions while 598 raised stakes. 4.61 billion shares or 0.66% more from 4.58 billion shares in 2017Q1 were reported. Manchester Capital Mngmt Ltd Liability has invested 0.29% in General Electric Company (NYSE:GE). Asset Corporation has invested 0.93% of its portfolio in General Electric Company (NYSE:GE). Cypress Mngmt (Wy) invested in 10,300 shares. Exane Derivatives invested 0% in General Electric Company (NYSE:GE). 3.54 million were reported by Neuberger Berman Grp Lc. Fiduciary Trust invested in 1.71 million shares or 1.41% of the stock. Mayo Inv Advisers Ltd Liability Corp accumulated 2.12% or 193,686 shares. Dixon Hubard Feinour Brown Va invested in 0.44% or 55,946 shares. 2,467 are owned by Riggs Asset Managment Co. The California-based Wealth Architects Lc has invested 0.33% in General Electric Company (NYSE:GE). Loring Wolcott And Coolidge Fiduciary Advisors Llp Ma reported 1.11 million shares. 780 are owned by James Inv Research. Optimum Invest holds 71,198 shares. John G Ullman And Assocs accumulated 169,918 shares or 0.91% of the stock. Tributary Cap holds 0.06% of its portfolio in General Electric Company (NYSE:GE) for 26,375 shares.

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. They expect $0.28 EPS, down 39.13% or $0.18 from last year’s $0.46 per share. GE’s profit will be $2.43 billion for 16.11 P/E if the $0.28 EPS becomes a reality. After $0.29 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts -3.45% negative EPS growth.

Country Trust Bank increased Roper Technologies Inc Common (NYSE:ROP) stake by 10,861 shares to 75,606 valued at $17.51M in 2017Q2. It also upped Ishares Russell 2000 Etf (IWM) stake by 3,842 shares and now owns 124,582 shares. Fedex Corporation (NYSE:FDX) was raised too.

Among 25 analysts covering General Electric Company (NYSE:GE), 11 have Buy rating, 5 Sell and 9 Hold. Therefore 44% are positive. General Electric Company had 75 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, October 2. The stock of General Electric Company (NYSE:GE) has “Outperform” rating given on Tuesday, October 13 by William Blair. Deutsche Bank downgraded it to “Sell” rating and $24 target in Friday, May 12 report. S&P Research maintained General Electric Company (NYSE:GE) rating on Wednesday, October 14. S&P Research has “Buy” rating and $34 target. The rating was maintained by Oppenheimer with “Hold” on Monday, June 12. The firm has “Hold” rating by Cowen & Co given on Monday, June 12. The firm earned “Buy” rating on Friday, July 7 by Stifel Nicolaus. The firm earned “Perform” rating on Monday, September 21 by Oppenheimer. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by Langenberg on Monday, November 13. The firm has “Buy” rating given on Monday, August 17 by S&P Research.

Since May 19, 2017, it had 0 insider buys, and 3 sales for $16.46 million activity. The insider Mak Jennifer H sold 5,510 shares worth $726,659. 116,021 shares were sold by Adams Katherine L., worth $15.28 million. SHEARES BRADLEY T sold $451,765 worth of stock.

Analysts await Honeywell International Inc. (NYSE:HON) to report earnings on January, 26. They expect $1.85 earnings per share, up 6.32% or $0.11 from last year’s $1.74 per share. HON’s profit will be $1.41 billion for 19.81 P/E if the $1.85 EPS becomes a reality. After $1.75 actual earnings per share reported by Honeywell International Inc. for the previous quarter, Wall Street now forecasts 5.71% EPS growth.

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