United Technologies Co. (UTX) Shares Sold by Matrix Asset Advisors Inc. NY
Matrix Asset Advisors Inc. NY lowered its holdings in United Technologies Co. (NYSE:UTX) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 156,382 shares of the conglomerate’s stock after selling 3,276 shares during the quarter. United Technologies makes up 3.2% of Matrix Asset Advisors Inc. NY’s portfolio, making the stock its 9th biggest position. Matrix Asset Advisors Inc. NY’s holdings in United Technologies were worth $19,950,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of UTX. FMR LLC raised its stake in shares of United Technologies by 13.2% during the 2nd quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock worth $2,514,316,000 after acquiring an additional 2,401,795 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of United Technologies by 3,794.3% during the 4th quarter. Mackenzie Financial Corp now owns 1,617,082 shares of the conglomerate’s stock worth $206,291,000 after acquiring an additional 1,575,558 shares in the last quarter. Stifel Financial Corp raised its stake in shares of United Technologies by 14,827.8% during the 3rd quarter. Stifel Financial Corp now owns 1,079,875 shares of the conglomerate’s stock worth $125,442,000 after acquiring an additional 1,072,641 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in shares of United Technologies by 70.5% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,407,472 shares of the conglomerate’s stock worth $307,122,000 after acquiring an additional 995,075 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of United Technologies by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock worth $6,693,250,000 after acquiring an additional 848,623 shares in the last quarter. Institutional investors and hedge funds own 81.89% of the company’s stock.
Several research analysts recently commented on the stock. Zacks Investment Research lowered shares of United Technologies from a “hold” rating to a “sell” rating in a research note on Friday. UBS set a $155.00 price objective on shares of United Technologies and gave the stock a “buy” rating in a research note on Thursday, March 15th. Barclays upped their price target on shares of United Technologies from $157.00 to $159.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. Stifel Nicolaus restated a “hold” rating and set a $139.00 price target on shares of United Technologies in a research note on Friday, February 16th. Finally, Cowen restated a “hold” rating and set a $141.00 price target on shares of United Technologies in a research note on Sunday, February 11th. One analyst has rated the stock with a sell rating, eight have given 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 price target of $139.07.
United Technologies (NYSE:UTX) last released its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $1.60 EPS for the quarter, beating the consensus estimate of $1.56 by $0.04. The business had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $15.34 billion. United Technologies had a net margin of 7.61% and a return on equity of 17.35%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.56 EPS. research analysts forecast that United Technologies Co. will post 7.04 EPS for the current year.
In other news, VP Robert J. Bailey sold 2,032 shares of the company’s 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 sale, the vice president now directly owns 4,900 shares of the company’s stock, valued at approximately $661,255. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is owned by corporate insiders.
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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.
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