San Francisco Sentry Investment Group CA lowered its position in shares of United Technologies Corp. (NYSE:UTX) by 3.2% during the second quarter, Holdings Channel reports. The institutional investor owned 21,803 shares of the company’s stock after selling 715 shares during the period. United Technologies Corp. accounts for approximately 1.4% of San Francisco Sentry Investment Group CA’s portfolio, making the stock its 17th largest position. San Francisco Sentry Investment Group CA’s holdings in United Technologies Corp. were worth $2,236,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Boston Partners raised its position in shares of United Technologies Corp. by 182.4% in the second quarter. Boston Partners now owns 4,192,600 shares of the company’s stock worth $429,951,000 after buying an additional 2,707,944 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in shares of United Technologies Corp. during the second quarter worth approximately $178,242,000. Bank of Montreal Can bought a new position in shares of United Technologies Corp. during the second quarter worth approximately $100,023,000. Adage Capital Partners GP L.L.C. raised its position in shares of United Technologies Corp. by 92.4% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,743,598 shares of the company’s stock worth $174,534,000 after buying an additional 837,588 shares in the last quarter. Finally, First Pacific Advisors LLC raised its position in shares of United Technologies Corp. by 7.3% in the second quarter. First Pacific Advisors LLC now owns 6,862,946 shares of the company’s stock worth $703,795,000 after buying an additional 464,778 shares in the last quarter. 80.18% of the stock is owned by institutional investors and hedge funds.
Shares of United Technologies Corp. (NYSE:UTX) traded up 0.0637% during trading on Monday, reaching $102.6253. 1,448,272 shares of the company traded hands. United Technologies Corp. has a 12-month low of $83.39 and a 12-month high of $109.83. The company has a 50 day moving average price of $106.01 and a 200 day moving average price of $102.95. The firm has a market capitalization of $85.89 billion, a price-to-earnings ratio of 12.1035 and a beta of 1.06.
United Technologies Corp. (NYSE:UTX) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.14. United Technologies Corp. had a net margin of 12.79% and a return on equity of 18.14%. The business earned $14.90 billion during the quarter, compared to analysts’ expectations of $14.67 billion. During the same quarter in the previous year, the company earned $1.81 EPS. The business’s revenue was up 1.3% on a year-over-year basis. On average, equities analysts predict that United Technologies Corp. will post $6.58 EPS for the current year.
A number of research analysts have recently commented on UTX shares. Jefferies Group reaffirmed a “buy” rating on shares of United Technologies Corp. in a research report on Tuesday, July 5th. Barclays PLC upped their target price on shares of United Technologies Corp. from $108.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 27th. Stifel Nicolaus reissued a “hold” rating on shares of United Technologies Corp. in a research note on Sunday, July 31st. Zacks Investment Research raised shares of United Technologies Corp. from a “sell” rating to a “hold” rating in a research note on Friday, July 22nd. Finally, Bank of America Corp. reissued a “buy” rating and issued a $130.00 target price (up previously from $115.00) on shares of United Technologies Corp. in a research note on Wednesday, July 27th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $110.36.
In other United Technologies Corp. news, VP Charles D. Gill sold 6,202 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $109.00, for a total value of $676,018.00. Following the transaction, the vice president now directly owns 51,778 shares of the company’s stock, valued at approximately $5,643,802. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert J. Mcdonough sold 3,100 shares of the firm’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $107.11, for a total transaction of $332,041.00. Following the completion of the transaction, the insider now directly owns 11,349 shares in the company, valued at $1,215,591.39. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by company insiders.
United Technologies Corp. 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. Its Otis segment designs, manufactures, sells and installs a range of passenger and freight elevators, as well as a line of escalators and moving walkways.
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