United Technologies Co. (UTX) Shares Sold by Meag Munich Ergo Kapitalanlagegesellschaft MBH

Meag Munich Ergo Kapitalanlagegesellschaft MBH reduced its position in shares of United Technologies Co. (NYSE:UTX) by 41.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,782 shares of the conglomerate’s stock after selling 46,680 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in United Technologies were worth $7,760,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. McQueen Ball & Associates Inc. increased its stake in shares of United Technologies by 0.8% during the second quarter. McQueen Ball & Associates Inc. now owns 16,500 shares of the conglomerate’s stock valued at $2,015,000 after purchasing an additional 130 shares in the last quarter. American National Bank increased its stake in shares of United Technologies by 44.5% during the second quarter. American National Bank now owns 2,666 shares of the conglomerate’s stock valued at $326,000 after purchasing an additional 821 shares in the last quarter. Lau Associates LLC increased its stake in shares of United Technologies by 29.9% during the second quarter. Lau Associates LLC now owns 12,567 shares of the conglomerate’s stock valued at $1,535,000 after purchasing an additional 2,893 shares in the last quarter. Catawba Capital Management VA increased its stake in shares of United Technologies by 0.6% during the second quarter. Catawba Capital Management VA now owns 22,801 shares of the conglomerate’s stock valued at $2,784,000 after purchasing an additional 125 shares in the last quarter. Finally, Robinson Value Management Ltd. increased its stake in shares of United Technologies by 3.7% during the second quarter. Robinson Value Management Ltd. now owns 34,751 shares of the conglomerate’s stock valued at $4,243,000 after purchasing an additional 1,234 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Shares of United Technologies Co. (NYSE UTX) traded down $3.71 during trading on Friday, hitting $134.61. 4,627,081 shares of the stock traded hands, compared to its average volume of 3,770,000. The stock has a market cap of $107,500.00, a PE ratio of 23.62, a PEG ratio of 2.35 and a beta of 1.08. United Technologies Co. has a 1-year low of $107.05 and a 1-year high of $139.24. The company has a quick ratio of 0.94, a current ratio of 1.35 and a debt-to-equity ratio of 0.80.

United Technologies (NYSE:UTX) last issued its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.04. The business had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $15.34 billion. United Technologies had a net margin of 7.61% and a return on equity of 17.35%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.56 EPS. equities research analysts expect that United Technologies Co. will post 7.01 EPS for the current fiscal year.

In related news, VP Robert J. Bailey sold 827 shares of United Technologies stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $118.06, for a total transaction of $97,635.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Robert J. Bailey sold 636 shares of United Technologies stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $124.35, for a total transaction of $79,086.60. Following the transaction, the vice president now owns 1,500 shares in the company, valued at approximately $186,525. The disclosure for this sale can be found here. Insiders have sold a total of 13,480 shares of company stock worth $1,658,028 in the last quarter. Corporate insiders own 0.16% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Goldman Sachs Group raised shares of United Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Cowen reissued a “hold” rating and set a $141.00 price target on shares of United Technologies in a research report on Thursday, January 25th. ValuEngine raised shares of United Technologies from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research raised shares of United Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $146.00 price target (up previously from $124.00) on shares of United Technologies in a research report on Thursday, January 25th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $136.15.

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About United Technologies

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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