Granite Investment Advisors LLC Has $9.04 Million Position in United Technologies Co. (NYSE:UTX)

Granite Investment Advisors LLC trimmed its holdings in United Technologies Co. (NYSE:UTX) by 1.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,909 shares of the conglomerate’s stock after selling 1,136 shares during the quarter. United Technologies makes up about 1.6% of Granite Investment Advisors LLC’s holdings, making the stock its 19th biggest position. Granite Investment Advisors LLC’s holdings in United Technologies were worth $9,044,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. FMR LLC grew its position in United Technologies by 13.2% in the second quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock valued at $2,514,316,000 after acquiring an additional 2,401,795 shares in the last quarter. Harbour Capital Advisors LLC grew its position in United Technologies by 11,652.2% in the second quarter. Harbour Capital Advisors LLC now owns 2,127,156 shares of the conglomerate’s stock valued at $17,420,000 after acquiring an additional 2,109,056 shares in the last quarter. Vanguard Group Inc. grew its position in United Technologies by 1.6% in the second quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock valued at $6,693,250,000 after acquiring an additional 848,623 shares in the last quarter. Flossbach Von Storch AG grew its position in United Technologies by 95.6% in the second quarter. Flossbach Von Storch AG now owns 1,617,008 shares of the conglomerate’s stock valued at $197,453,000 after acquiring an additional 790,496 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in United Technologies by 50.9% in the second quarter. Parametric Portfolio Associates LLC now owns 2,244,427 shares of the conglomerate’s stock valued at $274,067,000 after acquiring an additional 756,600 shares in the last quarter. 80.07% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on the stock. Goldman Sachs Group raised shares of United Technologies from a “neutral” rating to a “buy” rating in a research report on Monday. Cowen reiterated a “hold” rating and set a $120.00 target price on shares of United Technologies in a research note on Friday, November 10th. Royal Bank of Canada reiterated a “hold” rating and set a $126.00 target price on shares of United Technologies in a research note on Tuesday, October 10th. Atlantic Securities upgraded United Technologies from a “neutral” rating to an “overweight” rating in a research note on Tuesday, December 5th. Finally, Zacks Investment Research cut United Technologies from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $125.63.

In related news, EVP Elizabeth B. Amato sold 4,341 shares of United Technologies stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Michael R. Dumais sold 2,986 shares of United Technologies stock in a transaction dated Friday, November 3rd. The stock was 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 have sold 16,466 shares of company stock worth $2,019,274 over the last three months. Corporate insiders own 0.16% of the company’s stock.

Shares of United Technologies Co. (NYSE:UTX) opened at $134.99 on Friday. The stock has a market capitalization of $107,800.00, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 2.29 and a beta of 1.07. The company has a quick ratio of 0.91, a current ratio of 1.31 and a debt-to-equity ratio of 0.76. United Technologies Co. has a one year low of $106.85 and a one year high of $136.26.

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

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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.

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

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