Edge Advisors LLC Boosts Position in United Technologies Co. (UTX)

Edge Advisors LLC increased its stake in United Technologies Co. (NYSE:UTX) by 49.3% during the third quarter, HoldingsChannel.com reports. The firm owned 6,057 shares of the conglomerate’s stock after acquiring an additional 2,000 shares during the period. Edge Advisors LLC’s holdings in United Technologies were worth $702,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Knowledge Leaders Capital LLC bought a new stake in shares of United Technologies in the 3rd quarter worth approximately $105,000. Tortoise Investment Management LLC grew its stake in United Technologies by 5.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock valued at $117,000 after buying an additional 48 shares in the last quarter. Seven Bridges Advisors LLC purchased a new position in United Technologies in the 2nd quarter valued at approximately $120,000. Winfield Associates Inc. grew its stake in United Technologies by 2.9% in the 2nd quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock valued at $126,000 after buying an additional 29 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new position in United Technologies in the 2nd quarter valued at approximately $131,000. 80.07% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on UTX. Goldman Sachs Group upgraded shares of United Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Zacks Investment Research upgraded shares of United Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Cowen reiterated a “hold” rating and issued a $120.00 price objective on shares of United Technologies in a research note on Tuesday, October 24th. Stifel Nicolaus lifted their price objective on shares of United Technologies from $122.00 to $124.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Finally, Robert W. Baird upgraded shares of United Technologies from a “neutral” rating to an “outperform” rating in a research note on Friday, January 5th. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. United Technologies has a consensus rating of “Hold” and a consensus target price of $125.63.

United Technologies Co. (NYSE UTX) opened at $135.90 on Friday. The company has a market cap of $108,530.00, a price-to-earnings ratio of 21.04, a PEG 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 Co. has a 1 year low of $106.85 and a 1 year high of $137.73.

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 firm had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. United Technologies had a net margin of 8.79% and a return on equity of 17.66%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.76 EPS. sell-side analysts anticipate that United Technologies Co. will post 6.61 earnings per share for the current fiscal year.

In other news, VP Robert J. Bailey sold 864 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $126.01, for a total transaction of $108,872.64. Following the completion of the transaction, the vice president now directly owns 2,000 shares in the company, valued at approximately $252,020. 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 the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $125.92, for a total transaction of $546,618.72. Following the transaction, the executive vice president now owns 29,122 shares of the company’s stock, valued at $3,667,042.24. The disclosure for this sale can be found here. Insiders have sold a total of 16,466 shares of company stock valued at $2,019,274 over the last 90 days. Company insiders own 0.16% of the company’s stock.

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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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Institutional Ownership by Quarter for United Technologies (NYSE:UTX)

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