MML Investors Services LLC lessened its position in United Technologies Co. (NYSE:UTX) by 3.6% during the fourth quarter, Holdings Channel reports. The fund owned 85,425 shares of the conglomerate’s stock after selling 3,229 shares during the period. MML Investors Services LLC’s holdings in United Technologies were worth $10,898,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UTX. Connors Investor Services Inc. grew its stake in shares of United Technologies by 2.8% during the fourth quarter. Connors Investor Services Inc. now owns 97,378 shares of the conglomerate’s stock valued at $12,423,000 after buying an additional 2,611 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in shares of United Technologies by 70.5% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,407,472 shares of the conglomerate’s stock valued at $307,122,000 after buying an additional 995,075 shares during the last quarter. Cahill Financial Advisors Inc. grew its stake in shares of United Technologies by 28.5% during the fourth quarter. Cahill Financial Advisors Inc. now owns 2,927 shares of the conglomerate’s stock valued at $374,000 after buying an additional 650 shares during the last quarter. Corient Capital Partners LLC grew its stake in shares of United Technologies by 351.1% during the fourth quarter. Corient Capital Partners LLC now owns 47,880 shares of the conglomerate’s stock valued at $6,108,000 after buying an additional 37,267 shares during the last quarter. Finally, 180 Wealth Advisors LLC bought a new position in shares of United Technologies during the fourth quarter valued at about $1,233,000. 81.89% of the stock is currently owned by institutional investors and hedge funds.

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NYSE UTX opened at $123.81 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 0.94 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $98,140.80, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 1.86 and a beta of 1.08. United Technologies Co. has a 1 year low of $109.10 and a 1 year high of $139.24.

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

In other United Technologies news, VP Robert J. Bailey sold 419 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $133.73, for a total value of $56,032.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert J. Bailey sold 2,032 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $134.95, for a total transaction of $274,218.40. Following the completion of the sale, the vice president now owns 4,900 shares of the company’s stock, valued at $661,255. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.

UTX has been the topic of a number of recent research reports. Zacks Investment Research raised United Technologies from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a research note on Saturday, January 20th. Goldman Sachs raised United Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. UBS initiated coverage on United Technologies in a research note on Tuesday, January 23rd. They set a “buy” rating and a $158.00 price objective on the stock. Argus raised United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. Finally, ValuEngine raised United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $139.07.

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United Technologies 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. Otis operates as an elevator and escalator manufacturing, installation and service company.

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

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