Northstar Investment Advisors LLC reduced its holdings in shares of United Technologies Co. (NYSE:UTX) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,333 shares of the conglomerate’s stock after selling 2,241 shares during the quarter. United Technologies accounts for about 2.0% of Northstar Investment Advisors LLC’s investment portfolio, making the stock its 18th largest holding. Northstar Investment Advisors LLC’s holdings in United Technologies were worth $10,022,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Alexandria Capital LLC boosted its stake in shares of United Technologies by 0.3% during the 2nd quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock valued at $132,000 after buying an additional 3 shares during the last quarter. Rowland & Co. Investment Counsel ADV raised its position in shares of United Technologies by 0.3% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock valued at $143,000 after acquiring an additional 3 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its position in shares of United Technologies by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 1,788 shares of the conglomerate’s stock valued at $218,000 after acquiring an additional 8 shares in the last quarter. Kissinger Financial Services LLC raised its position in shares of United Technologies by 0.5% during the 2nd quarter. Kissinger Financial Services LLC now owns 2,095 shares of the conglomerate’s stock valued at $256,000 after acquiring an additional 11 shares in the last quarter. Finally, Vigilant Capital Management LLC raised its position in shares of United Technologies by 0.7% during the 2nd quarter. Vigilant Capital Management LLC now owns 1,891 shares of the conglomerate’s stock valued at $231,000 after acquiring an additional 14 shares in the last quarter. Institutional investors own 80.07% of the company’s stock.

UTX has been the topic of several research reports. Zacks Investment Research lowered United Technologies from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Royal Bank of Canada raised United Technologies from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Atlantic Securities raised United Technologies from a “neutral” rating to an “overweight” rating in a research report on Tuesday, December 5th. Cowen reissued a “hold” rating and set a $120.00 price target on shares of United Technologies in a research report on Friday, November 10th. Finally, Robert W. Baird raised United Technologies from a “neutral” rating to an “outperform” rating in a research report on Friday, January 5th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $125.63.

Shares of United Technologies Co. (NYSE:UTX) opened at $135.90 on Friday. United Technologies Co. has a 52-week low of $106.85 and a 52-week high of $137.73. The company has a quick ratio of 0.91, a current ratio of 1.31 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $107,495.50, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07.

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

In other news, EVP Elizabeth B. Amato sold 4,341 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $125.92, for a total transaction of $546,618.72. Following the transaction, the executive vice president now directly owns 29,122 shares of the company’s stock, valued at $3,667,042.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael R. Dumais sold 2,986 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $120.98, for a total value of $361,246.28. Following the transaction, the executive vice president now directly owns 27,548 shares in the company, valued at $3,332,757.04. The disclosure for this sale can be found here. Insiders sold 16,466 shares of company stock worth $2,019,274 over the last ninety days. 0.16% of the stock is owned by corporate insiders.

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

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