United Technologies Co. (UTX) Holdings Boosted by Profund Advisors LLC

Profund Advisors LLC raised its holdings in United Technologies Co. (NYSE:UTX) by 31.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,042 shares of the conglomerate’s stock after buying an additional 7,964 shares during the quarter. Profund Advisors LLC’s holdings in United Technologies were worth $4,215,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Almanack Investment Partners LLC. acquired a new position in shares of United Technologies during the fourth quarter worth approximately $103,000. Knowledge Leaders Capital LLC acquired a new position in shares of United Technologies during the third quarter worth approximately $105,000. Wealthcare Advisory Partners LLC acquired a new position in shares of United Technologies during the third quarter worth approximately $118,000. Thompson Davis & CO. Inc. raised its position in shares of United Technologies by 750.4% during the third quarter. Thompson Davis & CO. Inc. now owns 1,080 shares of the conglomerate’s stock worth $125,000 after purchasing an additional 953 shares during the period. Finally, Taylor Hoffman Wealth Management acquired a new position in shares of United Technologies during the fourth quarter worth approximately $140,000. 81.89% of the stock is currently owned by hedge funds and other institutional investors.

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UTX has been the topic of a number of research reports. Robert W. Baird raised United Technologies from a “neutral” rating to an “outperform” rating in a research report on Friday, January 5th. Cowen reaffirmed a “hold” rating and set a $141.00 target price on shares of United Technologies in a research report on Sunday, February 11th. Sanford C. Bernstein reaffirmed a “positive” rating and set a $153.00 target price (up from $135.00) on shares of United Technologies in a research report on Tuesday, January 30th. Barclays initiated coverage on United Technologies in a report on Thursday, February 15th. They set an “overweight” rating and a $157.00 price target for the company. Finally, Zacks Investment Research upgraded United Technologies from a “hold” rating to a “buy” rating and set a $151.00 price target for the company in a report on Saturday, January 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $139.07.



Shares of NYSE:UTX opened at $124.80 on Thursday. The firm has a market capitalization of $99,020.55, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 1.88 and a beta of 1.08. The company has a quick ratio of 0.94, a current ratio of 1.35 and a debt-to-equity ratio of 0.80. United Technologies Co. has a 1 year low of $109.10 and a 1 year high of $139.24.

United Technologies (NYSE:UTX) last announced its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.04. The firm had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $15.34 billion. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.56 EPS. equities analysts forecast that United Technologies Co. will post 7.04 EPS for the current fiscal year.

In other United Technologies news, VP Robert J. Bailey sold 2,032 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $134.95, for a total value of $274,218.40. Following the completion of the transaction, the vice president now owns 4,900 shares in the company, valued at approximately $661,255. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is owned by corporate insiders.

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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.

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

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