Valeo Financial Advisors LLC lifted its holdings in United Technologies Co. (NYSE:UTX) by 3.5% in the fourth quarter, HoldingsChannel reports. The firm owned 31,200 shares of the conglomerate’s stock after purchasing an additional 1,041 shares during the quarter. Valeo Financial Advisors LLC’s holdings in United Technologies were worth $4,673,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fisher Asset Management LLC raised its position in shares of United Technologies by 2.5% during the 3rd quarter. Fisher Asset Management LLC now owns 4,727,841 shares of the conglomerate’s stock valued at $645,445,000 after buying an additional 117,400 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in United Technologies by 2.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,533,488 shares of the conglomerate’s stock worth $482,392,000 after acquiring an additional 89,021 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in United Technologies by 1.3% during the third quarter. Parametric Portfolio Associates LLC now owns 2,480,766 shares of the conglomerate’s stock worth $338,674,000 after acquiring an additional 31,077 shares during the last quarter. Mackenzie Financial Corp increased its stake in United Technologies by 22.7% during the second quarter. Mackenzie Financial Corp now owns 2,002,606 shares of the conglomerate’s stock worth $260,739,000 after acquiring an additional 370,601 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in United Technologies by 1.3% during the third quarter. Stifel Financial Corp now owns 1,620,058 shares of the conglomerate’s stock worth $221,441,000 after acquiring an additional 20,124 shares during the last quarter. Institutional investors own 80.91% of the company’s stock.

In other news, EVP Michael R. Dumais sold 6,554 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $145.91, for a total value of $956,294.14. Following the transaction, the executive vice president now directly owns 37,173 shares in the company, valued at $5,423,912.43. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Robert J. Bailey sold 1,299 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $149.17, for a total transaction of $193,771.83. Following the completion of the transaction, the vice president now directly owns 2,600 shares in the company, valued at approximately $387,842. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,015 shares of company stock valued at $10,163,321. Corporate insiders own 0.15% of the company’s stock.

Several research firms have recently issued reports on UTX. JPMorgan Chase & Co. raised their price objective on United Technologies from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Cowen reissued a “buy” rating and set a $169.00 target price on shares of United Technologies in a research report on Wednesday. Zacks Investment Research upgraded United Technologies from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Thursday, November 28th. Credit Suisse Group set a $162.00 price objective on shares of United Technologies and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, UBS Group increased their target price on shares of United Technologies from $157.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. United Technologies has a consensus rating of “Buy” and an average price target of $160.79.

UTX traded down $0.83 during trading hours on Friday, reaching $152.97. 2,426,735 shares of the company’s stock traded hands, compared to its average volume of 2,619,403. The firm has a 50-day moving average price of $150.73 and a 200 day moving average price of $140.08. United Technologies Co. has a 52-week low of $113.77 and a 52-week high of $155.53. The company has a quick ratio of 0.75, a current ratio of 1.06 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $132.76 billion, a PE ratio of 25.84, a PEG ratio of 2.01 and a beta of 1.22.

United Technologies (NYSE:UTX) last announced its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $2.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.18. United Technologies had a return on equity of 16.81% and a net margin of 6.72%. The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.31 billion. During the same quarter in the prior year, the company posted $1.93 EPS. United Technologies’s quarterly revenue was up 18.1% on a year-over-year basis. Equities analysts predict that United Technologies Co. will post 8.13 EPS for the current fiscal year.

United Technologies Company 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.

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

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