Traders Sell Shares of United Technologies (UTX) on Strength (UTX)

Traders sold shares of United Technologies Co. (NYSE:UTX) on strength during trading hours on Thursday. $63.46 million flowed into the stock on the tick-up and $136.38 million flowed out of the stock on the tick-down, for a money net flow of $72.92 million out of the stock. Of all stocks tracked, United Technologies had the 0th highest net out-flow for the day. United Technologies traded up $0.19 for the day and closed at $134.61

A number of brokerages recently issued reports on UTX. Goldman Sachs Group upgraded United Technologies from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. Robert W. Baird upgraded United Technologies from a “neutral” rating to an “outperform” rating in a report on Friday, January 5th. Royal Bank of Canada upgraded United Technologies from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Atlantic Securities upgraded United Technologies from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th. Finally, Cowen reiterated a “hold” rating and issued a $120.00 target price on shares of United Technologies in a report on Friday, November 10th. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $125.63.

The stock has a market capitalization of $107,500.00, a PE ratio of 20.84, a P/E/G ratio of 2.33 and a beta of 1.07. 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 (NYSE:UTX) last released its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. The business had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. United Technologies had a return on equity of 17.66% and a net margin of 8.79%. United Technologies’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.76 EPS. equities research analysts predict that United Technologies Co. will post 6.61 EPS for the current fiscal year.

In other news, VP Robert J. Bailey sold 864 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $126.01, for a total transaction of $108,872.64. Following the completion of the sale, the vice president now directly owns 2,000 shares of the company’s stock, valued at approximately $252,020. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Robert J. Bailey sold 827 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $118.06, for a total value of $97,635.62. The disclosure for this sale can be found here. Insiders sold a total of 16,466 shares of company stock valued at $2,019,274 over the last three months. 0.16% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of United Technologies by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock valued at $6,693,250,000 after purchasing an additional 848,623 shares during the last quarter. BlackRock Inc. increased its position in shares of United Technologies by 0.3% during the 2nd quarter. BlackRock Inc. now owns 44,095,986 shares of the conglomerate’s stock valued at $5,384,561,000 after purchasing an additional 133,036 shares during the last quarter. FMR LLC increased its position in shares of United Technologies by 13.2% during the 2nd quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock valued at $2,514,316,000 after purchasing an additional 2,401,795 shares during the last quarter. Capital Research Global Investors increased its position in shares of United Technologies by 3.6% during the 2nd quarter. Capital Research Global Investors now owns 8,779,642 shares of the conglomerate’s stock valued at $1,072,082,000 after purchasing an additional 304,989 shares during the last quarter. Finally, Boston Partners increased its position in shares of United Technologies by 5.3% during the 3rd quarter. Boston Partners now owns 5,467,419 shares of the conglomerate’s stock valued at $634,658,000 after purchasing an additional 274,184 shares during the last quarter. 80.07% of the stock is owned by hedge funds and other institutional investors.

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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.

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