United Technologies Co. (UTX) Holdings Increased by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of United Technologies Co. (NYSE:UTX) by 75.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 273,872 shares of the conglomerate’s stock after buying an additional 117,910 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in United Technologies were worth $31,791,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Connecticut Wealth Management LLC raised its holdings in shares of United Technologies by 10.1% in the 2nd quarter. Connecticut Wealth Management LLC now owns 11,966 shares of the conglomerate’s stock worth $1,473,000 after purchasing an additional 1,098 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of United Technologies by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 18,682 shares of the conglomerate’s stock worth $2,281,000 after purchasing an additional 1,447 shares in the last quarter. Delaney Dennis R raised its holdings in shares of United Technologies by 28.4% in the 2nd quarter. Delaney Dennis R now owns 4,855 shares of the conglomerate’s stock worth $593,000 after purchasing an additional 1,075 shares in the last quarter. Stoneridge Investment Partners LLC raised its holdings in shares of United Technologies by 755.1% in the 2nd quarter. Stoneridge Investment Partners LLC now owns 33,178 shares of the conglomerate’s stock worth $4,051,000 after purchasing an additional 29,298 shares in the last quarter. Finally, Federated Investors Inc. PA raised its holdings in shares of United Technologies by 22.2% in the 2nd quarter. Federated Investors Inc. PA now owns 65,214 shares of the conglomerate’s stock worth $7,963,000 after purchasing an additional 11,851 shares in the last quarter. Institutional investors own 80.07% of the company’s stock.

United Technologies Co. (UTX) opened at $136.58 on Friday. United Technologies Co. has a 1 year low of $106.85 and a 1 year high of $136.58. The company has a market cap of $109,070.00, a P/E ratio of 21.14, a P/E/G ratio of 2.29 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 0.91 and a debt-to-equity ratio of 0.76.

United Technologies (NYSE:UTX) last announced its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the previous year, the firm posted $1.76 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. equities analysts anticipate that United Technologies Co. will post 6.61 EPS for the current fiscal year.

A number of analysts recently commented on UTX shares. Stifel Nicolaus boosted their target price on shares of United Technologies from $122.00 to $124.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Atlantic Securities upgraded shares of United Technologies from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th. Zacks Investment Research lowered shares of United Technologies from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Cowen restated a “hold” rating and set a $120.00 price target on shares of United Technologies in a report on Tuesday, October 24th. Finally, Royal Bank of Canada set a $126.00 price target on shares of United Technologies and gave the company a “hold” rating in a report on Sunday, November 12th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $125.63.

In related news, EVP Michael R. Dumais sold 2,986 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $120.98, for a total transaction of $361,246.28. Following the transaction, the executive vice president now directly owns 27,548 shares of the company’s stock, valued at $3,332,757.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert J. Bailey sold 864 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $126.01, for a total transaction of $108,872.64. Following the transaction, the vice president now directly owns 2,000 shares in the company, valued at $252,020. The disclosure for this sale can be found here. Insiders have sold 16,466 shares of company stock worth $2,019,274 over the last ninety days. 0.16% of the stock is currently owned by insiders.

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United Technologies 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.

Institutional Ownership by Quarter for United Technologies (NYSE:UTX)

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