Sei Investments Co. raised its position in shares of United Technologies Co. (NYSE:UTX) by 27.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 587,983 shares of the conglomerate’s stock after purchasing an additional 126,069 shares during the quarter. Sei Investments Co. owned about 0.07% of United Technologies worth $68,253,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of UTX. HL Financial Services LLC boosted its position in shares of United Technologies by 9.2% in the third quarter. HL Financial Services LLC now owns 34,778 shares of the conglomerate’s stock worth $4,037,000 after buying an additional 2,939 shares during the period. Courier Capital LLC boosted its position in shares of United Technologies by 163.8% in the third quarter. Courier Capital LLC now owns 71,582 shares of the conglomerate’s stock worth $8,309,000 after buying an additional 44,451 shares during the period. Rosenbaum Jay D. boosted its position in shares of United Technologies by 23.9% in the third quarter. Rosenbaum Jay D. now owns 8,953 shares of the conglomerate’s stock worth $1,040,000 after buying an additional 1,725 shares during the period. Cohen Lawrence B boosted its position in shares of United Technologies by 4.4% in the third quarter. Cohen Lawrence B now owns 20,690 shares of the conglomerate’s stock worth $2,402,000 after buying an additional 870 shares during the period. Finally, Essex Financial Services Inc. boosted its position in shares of United Technologies by 12.4% in the third quarter. Essex Financial Services Inc. now owns 34,461 shares of the conglomerate’s stock worth $4,000,000 after buying an additional 3,809 shares during the period. 80.09% of the stock is owned by hedge funds and other institutional investors.
United Technologies Co. (UTX) traded down $3.71 during trading on Friday, hitting $134.61. The stock had a trading volume of 4,627,081 shares, compared to its average volume of 3,770,000. The company has a quick ratio of 0.94, a current ratio of 1.35 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $107,500.00, a price-to-earnings ratio of 23.62, a PEG ratio of 2.35 and a beta of 1.08. United Technologies Co. has a twelve month low of $107.05 and a twelve month high of $139.24.
United Technologies (NYSE:UTX) last posted its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.04. The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $15.34 billion. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.56 earnings per share. analysts predict that United Technologies Co. will post 7.01 earnings per share for the current year.
UTX has been the subject of several recent research reports. Stifel Nicolaus increased their price objective on 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 United Technologies from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th. Goldman Sachs Group upgraded United Technologies from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. Zacks Investment Research lowered United Technologies from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Finally, Robert W. Baird upgraded United Technologies from a “neutral” rating to an “outperform” rating in a report on Friday, January 5th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. United Technologies presently has an average rating of “Buy” and an average price target of $136.15.
In other United Technologies news, VP Akhil Johri sold 5,979 shares of United Technologies stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $121.03, for a total transaction of $723,638.37. Following the sale, the vice president now directly owns 23,295 shares of the company’s stock, valued at $2,819,393.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Elizabeth B. Amato sold 4,341 shares of United Technologies stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $125.92, for a total value of $546,618.72. Following the sale, the executive vice president now directly owns 29,122 shares in the company, valued at $3,667,042.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,480 shares of company stock worth $1,658,028. 0.16% of the stock is owned by company insiders.
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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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