Truewealth LLC purchased a new position in shares of United Technologies Co. (NYSE:UTX) during the 4th quarter, HoldingsChannel reports. The firm purchased 1,791 shares of the conglomerate’s stock, valued at approximately $228,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stephens Inc. AR increased its stake in shares of United Technologies by 5.9% during the 4th quarter. Stephens Inc. AR now owns 42,471 shares of the conglomerate’s stock worth $5,418,000 after purchasing an additional 2,348 shares during the last quarter. M&T Bank Corp increased its stake in shares of United Technologies by 2.0% during the 4th quarter. M&T Bank Corp now owns 647,767 shares of the conglomerate’s stock worth $82,636,000 after purchasing an additional 12,910 shares during the last quarter. Rockefeller Financial Services Inc. increased its stake in shares of United Technologies by 133.1% during the 4th quarter. Rockefeller Financial Services Inc. now owns 32,684 shares of the conglomerate’s stock worth $4,169,000 after purchasing an additional 18,660 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of United Technologies by 19.2% during the 3rd quarter. Victory Capital Management Inc. now owns 42,601 shares of the conglomerate’s stock worth $4,945,000 after purchasing an additional 6,853 shares during the last quarter. Finally, Factory Mutual Insurance Co. increased its stake in shares of United Technologies by 1.7% during the 4th quarter. Factory Mutual Insurance Co. now owns 633,952 shares of the conglomerate’s stock worth $80,873,000 after purchasing an additional 10,300 shares during the last quarter. Institutional investors own 81.89% of the company’s stock.

How to Become a New Pot Stock Millionaire

Shares of United Technologies stock opened at $123.81 on Tuesday. 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 fifty-two week low of $109.10 and a fifty-two week high of $139.24. The firm has a market capitalization of $98,140.80, a price-to-earnings ratio of 18.62, a P/E/G ratio of 1.86 and a beta of 1.08.

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

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

Several brokerages have recently commented on UTX. ValuEngine upgraded shares of United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Cowen reaffirmed a “hold” rating and set a $141.00 price objective on shares of United Technologies in a report on Thursday, January 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $146.00 price objective (up from $124.00) on shares of United Technologies in a report on Thursday, January 25th. Sanford C. Bernstein reaffirmed a “positive” rating and set a $153.00 price objective (up from $135.00) on shares of United Technologies in a report on Tuesday, January 30th. Finally, Zacks Investment Research downgraded shares of United Technologies from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $139.07.

ILLEGAL ACTIVITY NOTICE: “1,791 Shares in United Technologies Co. (UTX) Acquired by Truewealth LLC” was published by Daily Political and is the property of of Daily Political. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.dailypolitical.com/2018/04/17/1791-shares-in-united-technologies-co-utx-acquired-by-truewealth-llc.html.

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.

Want to see what other hedge funds are holding UTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Technologies Co. (NYSE:UTX).

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

Receive News & Ratings for United Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Technologies and related companies with MarketBeat.com's FREE daily email newsletter.