GHP Investment Advisors Inc. acquired a new stake in United Technologies Co. (NYSE:UTX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,663 shares of the conglomerate’s stock, valued at approximately $541,000.
Other institutional investors also recently bought and sold shares of the company. Knowledge Leaders Capital LLC bought a new stake in United Technologies during the third quarter worth approximately $105,000. Tortoise Investment Management LLC boosted its holdings in United Technologies by 5.3% during the second quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock worth $117,000 after buying an additional 48 shares in the last quarter. Seven Bridges Advisors LLC bought a new stake in United Technologies during the second quarter worth approximately $120,000. Thompson Davis & CO. Inc. boosted its holdings in United Technologies by 750.4% during the third quarter. Thompson Davis & CO. Inc. now owns 1,080 shares of the conglomerate’s stock worth $125,000 after buying an additional 953 shares in the last quarter. Finally, Winfield Associates Inc. boosted its holdings in United Technologies by 2.9% during the second quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock worth $126,000 after buying an additional 29 shares in the last quarter. Institutional investors and hedge funds own 80.07% of the company’s stock.
In other United Technologies news, VP Robert J. Bailey sold 827 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $118.06, for a total value of $97,635.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert J. Bailey sold 864 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $126.01, for a total transaction of $108,872.64. Following the completion of the sale, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $252,020. The disclosure for this sale can be found here. Insiders sold a total of 16,466 shares of company stock valued at $2,019,274 in the last ninety days. Company insiders own 0.16% of the company’s stock.
United Technologies Co. (NYSE:UTX) opened at $134.27 on Wednesday. United Technologies Co. has a 52 week low of $106.85 and a 52 week high of $135.79. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91. The company has a market cap of $107,220.00, a P/E ratio of 20.78, a P/E/G ratio of 2.29 and a beta of 1.07.
United Technologies (NYSE:UTX) last posted its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. United Technologies had a net margin of 8.79% and a return on equity of 17.66%. The firm had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same quarter last year, the business posted $1.76 EPS. The company’s revenue was up 4.9% on a year-over-year basis. analysts forecast that United Technologies Co. will post 6.61 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the stock. Royal Bank of Canada upgraded shares of United Technologies from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Goldman Sachs Group upgraded shares of United Technologies from a “neutral” rating to a “buy” rating in a report on Monday. Robert W. Baird upgraded shares of United Technologies from a “neutral” rating to an “outperform” rating in a report on Friday, January 5th. Cowen restated a “hold” rating and set a $120.00 target price on shares of United Technologies in a report on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of United Technologies from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. United Technologies presently has a consensus rating of “Hold” and an average price target of $125.63.
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United Technologies Company Profile
United Technologies Corporation is engaged in providing high technology products and services to the building systems and aerospace industries around the world. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. Otis operates as an elevator and escalator manufacturing, installation and service company.
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