Teachers Advisors LLC lessened its stake in shares of United Technologies Co. (NYSE:UTX) by 1.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,354,228 shares of the conglomerate’s stock after selling 19,617 shares during the period. Teachers Advisors LLC owned approximately 0.17% of United Technologies worth $172,759,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Captrust Financial Advisors purchased a new stake in United Technologies in the fourth quarter worth $3,512,000. Garnet Equity Capital Holdings Inc. purchased a new stake in United Technologies in the fourth quarter worth $3,827,000. Bain Capital Public Equity Management LLC purchased a new stake in United Technologies in the fourth quarter worth $6,566,000. California State Teachers Retirement System increased its stake in United Technologies by 6.2% in the fourth quarter. California State Teachers Retirement System now owns 1,412,136 shares of the conglomerate’s stock worth $180,146,000 after purchasing an additional 82,733 shares during the period. Finally, Empire Life Investments Inc. increased its stake in United Technologies by 15.2% in the fourth quarter. Empire Life Investments Inc. now owns 33,500 shares of the conglomerate’s stock worth $4,274,000 after purchasing an additional 4,414 shares during the period. Institutional investors own 81.89% of the company’s stock.
In related news, VP Robert J. Bailey sold 2,032 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $134.95, for a total transaction of $274,218.40. Following the sale, the vice president now owns 4,900 shares of the company’s stock, valued at $661,255. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Robert J. Bailey sold 419 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $133.73, for a total value of $56,032.87. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.
A number of research firms have weighed in on UTX. Zacks Investment Research lowered United Technologies from a “hold” rating to a “sell” rating in a research note on Friday, April 13th. UBS set a $155.00 target price on United Technologies and gave the stock a “buy” rating in a research note on Thursday, March 15th. Barclays increased their target price on United Technologies from $157.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. Stifel Nicolaus reiterated a “hold” rating and issued a $139.00 target price on shares of United Technologies in a research note on Friday, February 16th. Finally, Cowen reiterated a “hold” rating and issued a $141.00 target price on shares of United Technologies in a research note on Sunday, February 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. United Technologies currently has an average rating of “Buy” and an average price target of $139.07.
Shares of United Technologies stock opened at $123.08 on Monday. The firm has a market cap of $98,436.68, a PE ratio of 18.51, a PEG ratio of 1.86 and a beta of 1.08. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.94 and a current ratio of 1.35. 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 quarterly earnings results on Wednesday, January 24th. The conglomerate reported $1.60 EPS for the quarter, beating the consensus estimate of $1.56 by $0.04. The firm 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 business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.56 earnings per share. sell-side analysts predict that United Technologies Co. will post 7.04 earnings per share for the current year.
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United Technologies Profile
United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.
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