United Technologies Co. (UTX) Holdings Cut by Connable Office Inc.
Connable Office Inc. decreased its stake in shares of United Technologies Co. (NYSE:UTX) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,644 shares of the conglomerate’s stock after selling 633 shares during the quarter. United Technologies comprises 0.7% of Connable Office Inc.’s holdings, making the stock its 26th biggest position. Connable Office Inc.’s holdings in United Technologies were worth $3,325,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the business. Knowledge Leaders Capital LLC acquired a new stake in shares of United Technologies in the third quarter worth $105,000. Tortoise Investment Management LLC increased its stake in shares of United Technologies by 5.3% in the second quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock worth $117,000 after acquiring an additional 48 shares during the period. Seven Bridges Advisors LLC purchased a new stake in United Technologies during the second quarter worth $120,000. Winfield Associates Inc. boosted its holdings in United Technologies by 2.9% during the second quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock worth $126,000 after buying an additional 29 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new stake in United Technologies during the second quarter worth $131,000. Institutional investors and hedge funds own 80.07% of the company’s stock.
United Technologies Co. (NYSE:UTX) opened at $134.90 on Thursday. The company has a current ratio of 1.31, a quick ratio of 0.91 and a debt-to-equity ratio of 0.76. The stock has a market cap of $107,730.00, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 2.29 and a beta of 1.07. United Technologies Co. has a twelve month low of $106.85 and a twelve month high of $135.79.
United Technologies (NYSE:UTX) last posted its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.05. The business 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%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $1.76 earnings per share. equities research analysts predict that United Technologies Co. will post 6.61 EPS for the current year.
A number of analysts recently issued reports on UTX shares. Stifel Nicolaus increased their price target 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 set a $120.00 price target on shares of United Technologies in a report on Tuesday, October 24th. Finally, Royal Bank of Canada set a $126.00 price target on shares of United Technologies and gave the stock a “hold” rating in a report on Sunday, November 12th. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $125.63.
In other news, VP Robert J. Bailey sold 636 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $124.35, for a total value of $79,086.60. Following the transaction, the vice president now directly owns 1,500 shares of the company’s stock, valued at $186,525. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Robert J. Bailey sold 864 shares of the firm’s stock in a transaction dated 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 transaction, the vice president now directly owns 2,000 shares in the company, valued at $252,020. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,466 shares of company stock worth $2,019,274. Insiders own 0.16% of the company’s stock.
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United Technologies 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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