Flotek Inds Del (FTK) Holder Peconic Partners Has Decreased Its Stake as Market Valuation Declined; Focused Investors Has Lifted Its Stake in United Technologies Corporatio (UTX) by $14.92 Million as Market Valuation Declined

Flotek Industries, Inc. (NYSE:FTK) Logo

Focused Investors Llc increased its stake in United Technologies Corporatio (UTX) by 13.97% based on its latest 2019Q2 regulatory filing with the SEC. Focused Investors Llc bought 114,800 shares as the company’s stock declined 5.64% . The institutional investor held 936,700 shares of the aerospace company at the end of 2019Q2, valued at $121.96M, up from 821,900 at the end of the previous reported quarter. Focused Investors Llc who had been investing in United Technologies Corporatio for a number of months, seems to be bullish on the $125.00B market cap company. The stock increased 0.74% or $1.07 during the last trading session, reaching $144.8. About 1.91M shares traded. United Technologies Corporation (NYSE:UTX) has risen 0.38% since December 4, 2018 and is uptrending. It has outperformed by 0.38% the S&P500. Some Historical UTX News: 02/05/2018 – Channel NewsAsia: Exclusive: UTC set to win EU approval for US$23 bln Rockwell Collins deal; 24/04/2018 – United Technologies Tops Estimates — Earnings Review; 04/05/2018 – THIRD POINTS SAYS UNITED TECHNOLOGIES UTX.N SHOULD BE SPLIT INTO THREE, INTENDS TO WORK “CONSTRUCTIVELY” WITH COMPANY ON PORTFOLIO REVIEW-LETTER; 30/04/2018 – Unmanned Imaging: UTC Aerospace Systems Unveils New TASE250 Optical Payload For Small UAS Commercial And Military Applications; 15/05/2018 – Ackman Makes Pitch to Break United Technologies Into Three Parts; 12/04/2018 – Pratt & Whitney Columbus Facility Named Large Manufacturer of the Year by Georgia Department of Economic Development; 24/04/2018 – United Technologies 1Q Capital Expenditures $337M; 04/05/2018 – UNITED TECH WILL REVIEW OPS PORTFOLIO AFTER ROCKWELL DEAL: CNBC; 22/05/2018 – UNITED TECHNOLOGIES CEO SPEAKS AT EPG CONFERENCE; 24/04/2018 – UTX CEO: SEEN NO IMPACT ON BUSINESSES FROM POTENTIAL TARIFFS

Peconic Partners Llc decreased its stake in Flotek Inds Inc Del (FTK) by 86.25% based on its latest 2019Q2 regulatory filing with the SEC. Peconic Partners Llc sold 583,784 shares as the company’s stock declined 13.28% . The hedge fund held 93,097 shares of the basic industries company at the end of 2019Q2, valued at $308,000, down from 676,881 at the end of the previous reported quarter. Peconic Partners Llc who had been investing in Flotek Inds Inc Del for a number of months, seems to be less bullish one the $98.25M market cap company. The stock increased 3.66% or $0.06 during the last trading session, reaching $1.7. About 319,598 shares traded. Flotek Industries, Inc. (NYSE:FTK) has declined 0.32% since December 4, 2018 and is downtrending. It has underperformed by 0.32% the S&P500. Some Historical FTK News: 21/03/2018 FLOTEK INDUSTRIES INC – ALSO ON MARCH 15, 2018, COMPANY ANNOUNCED THAT JOHN S. REILAND WILL BE CONCLUDING HIS TENURE ON BOARD EFFECTIVE APRIL 27, 2018; 22/03/2018 – FLOTEK: MARIETTA TO SERVE AS COMPANY’S PRINCIPAL FINL OFFICER; 02/04/2018 – Flotek Industries Presenting at IPAA Oil & Gas Conference Apr 9; 23/04/2018 – Flotek Expects to Report Negative EBITDA for the 1Q; 23/04/2018 – Flotek Industries Provides First Quarter And Operational Update And Reporting Schedule; 09/05/2018 – Flotek 1Q Rev $60.5M; 22/03/2018 – FLOTEK REPORTS LEADERSHIP CHANGES; 17/05/2018 – Disciplined Growth Investors / MN Buys Into Flotek Industries; 21/03/2018 – FLOTEK INDUSTRIES-BOARD DETERMINED THAT IT WILL REDUCE TOTAL NUMBER OF DIRECTORS ON BOARD TO SIX FOLLOWING CARLA S. HARDY JOHN S. REILAND DEPARTURES; 09/05/2018 – Flotek 1Q EPS 0c

Focused Investors Llc, which manages about $2.82B and $2.28B US Long portfolio, decreased its stake in Target Corp. (NYSE:TGT) by 46,400 shares to 1.32 million shares, valued at $114.12 million in 2019Q2, according to the filing. It also reduced its holding in Jpmorgan Chase & Co. (NYSE:JPM) by 33,000 shares in the quarter, leaving it with 936,600 shares, and cut its stake in Microsoft Corp. (NASDAQ:MSFT).

Investors sentiment decreased to 1 in Q2 2019. Its down 0.07, from 1.07 in 2019Q1. It turned negative, as 45 investors sold UTX shares while 537 reduced holdings. 121 funds opened positions while 463 raised stakes. 667.41 million shares or 0.19% less from 668.70 million shares in 2019Q1 were reported. San Francisco Sentry Investment Group (Ca) accumulated 5,652 shares. Martin Tn holds 0.46% of its portfolio in United Technologies Corporation (NYSE:UTX) for 11,873 shares. Employees Retirement Association Of Colorado holds 149,108 shares. Epoch Inv Ptnrs reported 1.65M shares. Tiverton Asset Mngmt Ltd Liability stated it has 22,100 shares or 0.1% of all its holdings. Credit Suisse Ag accumulated 2.03 million shares. Everett Harris & Ca stated it has 67,680 shares. 82,363 were reported by Finemark Retail Bank & Tru. Fayerweather Charles stated it has 15,086 shares. 68,533 are owned by Umb National Bank N A Mo. Moreover, Hbk Investments LP has 1.14% invested in United Technologies Corporation (NYSE:UTX). Eqis Cap stated it has 16,236 shares. Clean Yield Grp Incorporated reported 666 shares. Arcadia Invest Management Mi invested 0.01% in United Technologies Corporation (NYSE:UTX). Starr International Commerce reported 1.63% of its portfolio in United Technologies Corporation (NYSE:UTX).

More notable recent United Technologies Corporation (NYSE:UTX) news were published by: Finance.Yahoo.com which released: “Hedge Funds Have Never Been This Bullish On United Technologies Corporation (UTX) – Yahoo Finance” on November 26, 2019, also Fool.com with their article: “Dow Jones News: Johnson & Johnson Concludes Asbestos Investigation; Analyst Sees Upside for United Technologies – Motley Fool” published on December 04, 2019, Prnewswire.com published: “Pratt & Whitney Secures EngineWise® Service Agreement with Vietnam Airlines – PRNewswire” on November 08, 2019. More interesting news about United Technologies Corporation (NYSE:UTX) were released by: Fool.com and their article: “Better Buy: Boeing vs. Raytheon – Motley Fool” published on November 20, 2019 as well as Nasdaq.com‘s news article titled: “Many Catalysts Can Wreck The QE-Inspired Bubble – Nasdaq” with publication date: December 04, 2019.

More notable recent Flotek Industries, Inc. (NYSE:FTK) news were published by: Seekingalpha.com which released: “PEDEVCO and Ferro among Energy/Materials gainers; Chesapeake Energy and FTS International among losers – Seeking Alpha” on November 12, 2019, also Schaeffersresearch.com with their article: “Dow Futures Fall on Trade Worries, Hong Kong Protests – Schaeffers Research” published on November 11, 2019, Benzinga.com published: “30 Stocks Moving in Monday’s Pre-Market Session – Benzinga” on September 23, 2019. More interesting news about Flotek Industries, Inc. (NYSE:FTK) were released by: Finance.Yahoo.com and their article: “Should You Be Tempted To Sell Tennant Company (NYSE:TNC) Because Of Its P/E Ratio? – Yahoo Finance” published on August 12, 2019 as well as Seekingalpha.com‘s news article titled: “Flotek Industries (FTK) Investor Presentation – Slideshow – Seeking Alpha” with publication date: December 08, 2016.

Peconic Partners Llc, which manages about $661.53 million and $508.05M US Long portfolio, upped its stake in Sba Communications Corp New by 84,159 shares to 84,559 shares, valued at $19.01M in 2019Q2, according to the filing.

Investors sentiment increased to 1.11 in Q2 2019. Its up 0.31, from 0.8 in 2019Q1. It improved, as 7 investors sold FTK shares while 21 reduced holdings. 12 funds opened positions while 19 raised stakes. 29.76 million shares or 3.76% less from 30.93 million shares in 2019Q1 were reported. Stephens Incorporated Ar invested 0.06% of its portfolio in Flotek Industries, Inc. (NYSE:FTK). Creative Planning, Kansas-based fund reported 180,146 shares. 2.48 million are held by Invesco Limited. D E Shaw & Incorporated has invested 0.01% in Flotek Industries, Inc. (NYSE:FTK). Bruce Inc has 736,671 shares. Jpmorgan Chase & holds 0% or 346,178 shares in its portfolio. Susquehanna Grp Ltd Liability Partnership accumulated 25,438 shares. Barclays Public Ltd Company has invested 0% in Flotek Industries, Inc. (NYSE:FTK). Parametric Port Associates Limited Company holds 131,381 shares. Minerva Advisors Lc owns 154,000 shares or 0.28% of their US portfolio. California State Teachers Retirement owns 84,273 shares for 0% of their portfolio. Wilen Inv Management holds 1.07% or 445,663 shares. Morgan Stanley holds 0% or 412,706 shares in its portfolio. South Dakota Investment Council invested in 0.01% or 114,081 shares. Bridgeway Cap Mngmt Incorporated invested 0.01% of its portfolio in Flotek Industries, Inc. (NYSE:FTK).

Since September 10, 2019, it had 2 insider buys, and 0 insider sales for $926,748 activity.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.