United Technologies Co. (NYSE:UTX) Holdings Lifted by Whittier Trust Co.

Whittier Trust Co. boosted its position in United Technologies Co. (NYSE:UTX) by 1.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 70,154 shares of the conglomerate’s stock after acquiring an additional 868 shares during the period. Whittier Trust Co.’s holdings in United Technologies were worth $8,144,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Gilman Hill Asset Management LLC lifted its holdings in shares of United Technologies by 104.0% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 4,391 shares of the conglomerate’s stock valued at $510,000 after acquiring an additional 2,239 shares in the last quarter. Alpha Cubed Investments LLC lifted its holdings in shares of United Technologies by 21.8% during the 3rd quarter. Alpha Cubed Investments LLC now owns 121,176 shares of the conglomerate’s stock valued at $14,066,000 after acquiring an additional 21,723 shares in the last quarter. Alta Capital Management LLC lifted its holdings in shares of United Technologies by 1.5% during the 3rd quarter. Alta Capital Management LLC now owns 172,255 shares of the conglomerate’s stock valued at $19,995,000 after acquiring an additional 2,563 shares in the last quarter. APG Asset Management N.V. lifted its holdings in shares of United Technologies by 1.7% during the 3rd quarter. APG Asset Management N.V. now owns 1,569,569 shares of the conglomerate’s stock valued at $182,196,000 after acquiring an additional 25,800 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH lifted its holdings in shares of United Technologies by 54.9% during the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 10,476 shares of the conglomerate’s stock valued at $1,216,000 after acquiring an additional 3,712 shares in the last quarter. 80.07% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Robert J. Bailey sold 636 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $124.35, for a total transaction of $79,086.60. Following the completion of the sale, the vice president now owns 1,500 shares of the company’s stock, valued at approximately $186,525. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Akhil Johri sold 5,979 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $121.03, for a total transaction of $723,638.37. Following the completion of the transaction, the vice president now owns 23,295 shares of the company’s stock, valued at approximately $2,819,393.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,466 shares of company stock valued at $2,019,274. Insiders own 0.16% of the company’s stock.

Shares of United Technologies Co. (UTX) traded up $1.59 during trading on Friday, hitting $136.58. 5,214,314 shares of the stock were exchanged, compared to its average volume of 3,480,000. 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 Co. has a 1-year low of $106.85 and a 1-year high of $136.58. The firm has a market cap of $109,070.00, a price-to-earnings ratio of 21.14, a PEG ratio of 2.34 and a beta of 1.07.

United Technologies (NYSE:UTX) last announced its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share for the quarter, beating 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 business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the prior year, the firm earned $1.76 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. equities analysts expect that United Technologies Co. will post 6.61 EPS for the current year.

Several equities analysts recently weighed in on the stock. Goldman Sachs Group upgraded shares of United Technologies from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. Zacks Investment Research upgraded shares of United Technologies from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Cowen reiterated a “hold” rating and issued a $120.00 price objective on shares of United Technologies in a report on Tuesday, October 24th. Stifel Nicolaus boosted their price objective 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. Finally, Robert W. Baird upgraded shares of United Technologies from a “neutral” rating to an “outperform” rating in a report on Friday, January 5th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average 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.

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

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