Godsey & Gibb Associates trimmed its holdings in shares of United Technologies Co. (NYSE:UTX) by 2.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 115,418 shares of the conglomerate’s stock after selling 2,874 shares during the quarter. United Technologies accounts for approximately 2.3% of Godsey & Gibb Associates’ portfolio, making the stock its 25th biggest holding. Godsey & Gibb Associates’ holdings in United Technologies were worth $13,398,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. HL Financial Services LLC lifted its holdings in United Technologies by 9.2% during the third quarter. HL Financial Services LLC now owns 34,778 shares of the conglomerate’s stock valued at $4,037,000 after purchasing an additional 2,939 shares in the last quarter. Courier Capital LLC lifted its holdings in United Technologies by 163.8% during the third quarter. Courier Capital LLC now owns 71,582 shares of the conglomerate’s stock valued at $8,309,000 after purchasing an additional 44,451 shares in the last quarter. Rosenbaum Jay D. lifted its holdings in United Technologies by 23.9% during the third quarter. Rosenbaum Jay D. now owns 8,953 shares of the conglomerate’s stock valued at $1,040,000 after purchasing an additional 1,725 shares in the last quarter. Cohen Lawrence B lifted its holdings in United Technologies by 4.4% during the third quarter. Cohen Lawrence B now owns 20,690 shares of the conglomerate’s stock valued at $2,402,000 after purchasing an additional 870 shares in the last quarter. Finally, Essex Financial Services Inc. lifted its holdings in United Technologies by 12.4% during the third quarter. Essex Financial Services Inc. now owns 34,461 shares of the conglomerate’s stock valued at $4,000,000 after purchasing an additional 3,809 shares in the last quarter. Institutional investors own 80.07% of the company’s stock.

Several equities analysts have recently commented on UTX shares. Stifel Nicolaus boosted their target price on shares of United Technologies from $122.00 to $124.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Atlantic Securities raised shares of United Technologies from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th. Zacks Investment Research downgraded shares of United Technologies from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Cowen reissued a “hold” rating and issued a $120.00 target price on shares of United Technologies in a report on Tuesday, October 24th. Finally, Royal Bank of Canada set a $126.00 target price on shares of United Technologies and gave the stock a “hold” rating in a report on Sunday, November 12th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $125.63.

Shares of United Technologies Co. (NYSE:UTX) opened at $134.90 on Thursday. The stock has a market cap of $107,730.00, a price-to-earnings ratio of 20.88, a P/E/G ratio of 2.29 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.31. United Technologies Co. has a 12 month low of $106.85 and a 12 month high of $135.79.

United Technologies (NYSE:UTX) last released its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.05. The company had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. United Technologies had a net margin of 8.79% and a return on equity of 17.66%. United Technologies’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.76 earnings per share. equities analysts forecast that United Technologies Co. will post 6.61 EPS for the current year.

In related news, VP Robert J. Bailey sold 864 shares of the company’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 sale, the vice president now owns 2,000 shares of the company’s stock, valued at $252,020. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Robert J. Bailey sold 827 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $118.06, for a total transaction of $97,635.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,466 shares of company stock worth $2,019,274. 0.16% of the stock is owned by insiders.

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

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