New York Life Trust Cuts GE Shares, Ups 3M Stock in Third Quarter

Wall St. Watchdog reveals information regarding New York Life Trust Co’s top holdings in the Conglomerates sector for the quarter ending September 30th, 2011. The firm held 6 stocks in the Conglomerates sector at the end of the quarter with an aggregate market value of $968,124.

  • General Electric Co. (NYSE:GE): On 06/30/2011, New York Life Trust Co reported holding 52,237 shares with a market value of $985,190. This comprised 1.18% of the total portfolio. On 09/30/2011, New York Life Trust Co reported holding 37,537 shares with a market value of $571,313. This comprised 1.02% of the total portfolio. The net change in shares for this position over the two quarters is -14,700. About Company: General Electric Company is a diversified technology, media and financial services company. The Company offers products and services ranging from aircraft engines, power generation, and water processing technology to medical imaging, business and consumer financing, media content and industrial products. General Electric conducts operations globally.
  • 3m Co. (NYSE:MMM): On 06/30/2011, New York Life Trust Co reported holding 527 shares with a market value of $49,986. This comprised 0.06% of the total portfolio. On 09/30/2011, New York Life Trust Co reported holding 2,328 shares with a market value of $167,127. This comprised 0.3% of the total portfolio. The net change in shares for this position over the two quarters is 1,801. About Company: 3M Co. conducts operations in electronics, telecommunications, industrial, consumer and office, health care, safety, and other markets. The Company’s businesses share technologies, manufacturing operations, brands, marketing channels, and other resources. 3M serves customers in countries located around the world.
  • Ppg Industries Inc. (NYSE:PPG): On 06/30/2011, New York Life Trust Co reported holding 3,656 shares with a market value of $331,928. This comprised 0.4% of the total portfolio. On 09/30/2011, New York Life Trust Co reported holding 1,446 shares with a market value of $102,174. This comprised 0.18% of the total portfolio. The net change in shares for this position over the two quarters is -2,210. About Company: PPG Industries, Inc. supplies products for the manufacturing, construction, automotive, chemical processing, and other industries worldwide. The Company makes protective and decorative coatings, flat glass, fabricated glass products, continuous-strand fiber glass products, and industrial and specialty chemicals.
  • United Technologies Corp. (NYSE:UTX): On 06/30/2011, New York Life Trust Co reported holding 3,185 shares with a market value of $281,904. This comprised 0.34% of the total portfolio. On 09/30/2011, New York Life Trust Co reported holding 851 shares with a market value of $59,876. This comprised 0.11% of the total portfolio. The net change in shares for this position over the two quarters is -2,334. About Company: United Technologies Corporation provides technology products and support services to customers in the aerospace and building industries worldwide. The Company’s products include aircraft engines, elevators and escalators, heating and air conditioning equipment, helicopters, aerospace systems, fuel cell systems, and fire and safety equipment.
  • Textron Inc. (NYSE:TXT): On 06/30/2011, New York Life Trust Co reported holding 3,147 shares with a market value of $74,301. This comprised 0.09% of the total portfolio. On 09/30/2011, New York Life Trust Co reported holding 2,973 shares with a market value of $52,444. This comprised 0.09% of the total portfolio. The net change in shares for this position over the two quarters is -174. About Company: Textron Inc. is a global, multi-industry company with operations in aircraft, defense, industrial products, and finance. The Company’s products include airplanes, helicopters, weapons, and automotive products. Textron’s finance division offers asset based lending, aviation, distribution, golf, and resort finance, as well as structured capital.
  • Clorox Corporation (NYSE:CLX): On 06/30/2011, New York Life Trust Co reported holding 0 shares. On 09/30/2011, New York Life Trust Co reported holding 229 shares with a market value of $15,190. This comprised 0.03% of the total portfolio. The net change in shares for this position over the two quarters is 229. About Company: The Clorox Company produces and markets non-durable consumer products sold primarily through grocery and other retail stores. The Company’s principal products include household cleaning and bleach products, charcoal, cat litter, automotive care products, dressings, and trash bags. Clorox markets its products in the United States and other countries around the world.

(Note: Data regarding New York Life Trust Co’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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