180 Wealth Advisors LLC bought a new stake in United Technologies Co. (NYSE:UTX) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 9,663 shares of the conglomerate’s stock, valued at approximately $1,233,000.
Several other hedge funds have also modified their holdings of the business. Stephens Inc. AR lifted its stake in shares of United Technologies by 5.9% in the 4th quarter. Stephens Inc. AR now owns 42,471 shares of the conglomerate’s stock valued at $5,418,000 after acquiring an additional 2,348 shares during the last quarter. M&T Bank Corp lifted its stake in shares of United Technologies by 2.0% in the 4th quarter. M&T Bank Corp now owns 647,767 shares of the conglomerate’s stock valued at $82,636,000 after acquiring an additional 12,910 shares during the last quarter. Rockefeller Financial Services Inc. lifted its stake in shares of United Technologies by 133.1% in the 4th quarter. Rockefeller Financial Services Inc. now owns 32,684 shares of the conglomerate’s stock valued at $4,169,000 after acquiring an additional 18,660 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of United Technologies by 19.2% in the 3rd quarter. Victory Capital Management Inc. now owns 42,601 shares of the conglomerate’s stock valued at $4,945,000 after acquiring an additional 6,853 shares during the last quarter. Finally, Factory Mutual Insurance Co. lifted its stake in shares of United Technologies by 1.7% in the 4th quarter. Factory Mutual Insurance Co. now owns 633,952 shares of the conglomerate’s stock valued at $80,873,000 after acquiring an additional 10,300 shares during the last quarter. 81.89% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Robert J. Bailey sold 2,032 shares of United Technologies stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $134.95, for a total value of $274,218.40. Following the completion of the transaction, the vice president now directly owns 4,900 shares of the company’s stock, valued at approximately $661,255. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.17% of the company’s stock.
Shares of NYSE:UTX opened at $122.71 on Monday. The firm has a market cap of $98,572.68, a P/E ratio of 18.45, a P/E/G ratio of 1.87 and a beta of 1.08. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.35 and a quick ratio of 0.94. United Technologies Co. has a 12-month low of $109.10 and a 12-month high of $139.24.
United Technologies (NYSE:UTX) last announced its earnings results on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.04. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The business had revenue of $15.68 billion during the quarter, compared to analyst estimates of $15.34 billion. During the same period last year, the company earned $1.56 EPS. United Technologies’s revenue for the quarter was up 7.0% compared to the same quarter last year. analysts expect that United Technologies Co. will post 7.04 earnings per share for the current fiscal year.
A number of brokerages have recently commented on UTX. ValuEngine upgraded United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Cowen reiterated a “hold” rating and issued a $141.00 price target on shares of United Technologies in a research note on Thursday, January 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $146.00 price target (up from $124.00) on shares of United Technologies in a research note on Thursday, January 25th. Sanford C. Bernstein reaffirmed a “positive” rating and set a $153.00 target price (up from $135.00) on shares of United Technologies in a research report on Tuesday, January 30th. Finally, Zacks Investment Research lowered United Technologies from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $139.07.
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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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