Wealth Architects LLC lifted its holdings in United Technologies Co. (NYSE:UTX) by 19.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,196 shares of the conglomerate’s stock after buying an additional 690 shares during the quarter. Wealth Architects LLC’s holdings in United Technologies were worth $487,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Connecticut Wealth Management LLC lifted its position in shares of United Technologies by 10.1% in the 2nd quarter. Connecticut Wealth Management LLC now owns 11,966 shares of the conglomerate’s stock worth $1,473,000 after buying an additional 1,098 shares during the last quarter. Pacer Advisors Inc. lifted its position in United Technologies by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 18,682 shares of the conglomerate’s stock valued at $2,281,000 after purchasing an additional 1,447 shares during the last quarter. Stoneridge Investment Partners LLC lifted its position in United Technologies by 755.1% in the 2nd quarter. Stoneridge Investment Partners LLC now owns 33,178 shares of the conglomerate’s stock valued at $4,051,000 after purchasing an additional 29,298 shares during the last quarter. Federated Investors Inc. PA lifted its position in United Technologies by 22.2% in the 2nd quarter. Federated Investors Inc. PA now owns 65,214 shares of the conglomerate’s stock valued at $7,963,000 after purchasing an additional 11,851 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in United Technologies by 136.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 340,295 shares of the conglomerate’s stock valued at $41,553,000 after purchasing an additional 196,200 shares during the last quarter. Institutional investors own 80.07% of the company’s stock.

In other United Technologies news, EVP Elizabeth B. Amato sold 4,341 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $125.92, for a total transaction of $546,618.72. Following the sale, the executive vice president now directly owns 29,122 shares in the company, valued at approximately $3,667,042.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert J. Bailey sold 827 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was 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. Insiders have sold a total of 16,466 shares of company stock worth $2,019,274 over the last 90 days. 0.16% of the stock is owned by insiders.

Several brokerages recently weighed in on UTX. Goldman Sachs Group upgraded shares of United Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Cowen reiterated a “hold” rating and issued a $120.00 price objective on shares of United Technologies in a research report on Friday, November 10th. Royal Bank of Canada reiterated a “hold” rating and issued a $126.00 price objective on shares of United Technologies in a research report on Tuesday, October 10th. Atlantic Securities upgraded shares of United Technologies from a “neutral” rating to an “overweight” rating in a research report on Tuesday, December 5th. Finally, Zacks Investment Research downgraded shares of United Technologies from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. United Technologies currently has an average rating of “Hold” and an average target price of $128.19.

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 market cap of $108,530.00, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.33 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 (NYSE:UTX) last released its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. United Technologies had a net margin of 8.79% and a return on equity of 17.66%. The company had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the previous year, the firm earned $1.76 EPS. United Technologies’s revenue was up 4.9% on a year-over-year basis. sell-side analysts anticipate that United Technologies Co. will post 6.61 earnings per share for the current fiscal year.

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United Technologies Company 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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