Abner Herrman & Brock LLC reduced its position in United Technologies Co. (NYSE:UTX) by 91.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,647 shares of the conglomerate’s stock after selling 85,863 shares during the period. Abner Herrman & Brock LLC’s holdings in United Technologies were worth $814,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of UTX. Fort L.P. bought a new position in United Technologies in the 2nd quarter valued at about $120,000. Psagot Investment House Ltd. bought a new position in United Technologies in the 3rd quarter valued at about $134,000. Adalta Capital Management LLC bought a new position in United Technologies in the 2nd quarter valued at about $163,000. Kiley Juergens Wealth Management LLC raised its holdings in United Technologies by 42.6% in the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 1,453 shares of the conglomerate’s stock valued at $203,000 after acquiring an additional 434 shares during the period. Finally, Paulson Wealth Management Inc. bought a new position in United Technologies in the 3rd quarter valued at about $204,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

Shares of NYSE UTX traded down $0.95 during trading hours on Friday, hitting $109.46. 174,980 shares of the stock were exchanged, compared to its average volume of 5,721,764. The company has a current ratio of 1.52, a quick ratio of 1.17 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $87.56 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 1.55 and a beta of 1.11. United Technologies Co. has a 1-year low of $100.48 and a 1-year high of $144.15.

United Technologies (NYSE:UTX) last posted its quarterly earnings results on Tuesday, October 23rd. The conglomerate reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.11. The business had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.10 billion. United Technologies had a net margin of 7.76% and a return on equity of 17.70%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $1.73 EPS. On average, equities research analysts forecast that United Technologies Co. will post 7.17 earnings per share for the current year.

UTX has been the topic of several research analyst reports. Zacks Investment Research raised shares of United Technologies from a “hold” rating to a “buy” rating and set a $158.00 price target on the stock in a report on Thursday, October 4th. Royal Bank of Canada lowered their price target on shares of United Technologies to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, October 24th. Jefferies Financial Group set a $148.00 target price on shares of United Technologies and gave the stock a “buy” rating in a report on Tuesday, November 27th. UBS Group raised shares of United Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, November 28th. Finally, Barclays lowered their target price on shares of United Technologies from $153.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, December 17th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $145.46.

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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.

Further Reading: Risk Tolerance

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

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