River Wealth Advisors LLC Sells 608 Shares of United Technologies Co. (UTX)

River Wealth Advisors LLC lessened its holdings in United Technologies Co. (NYSE:UTX) by 5.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,837 shares of the conglomerate’s stock after selling 608 shares during the quarter. River Wealth Advisors LLC’s holdings in United Technologies were worth $1,258,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC grew its holdings in shares of United Technologies by 13.2% during the second quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock valued at $2,514,316,000 after buying an additional 2,401,795 shares during the last quarter. Harbour Capital Advisors LLC grew its holdings in shares of United Technologies by 11,652.2% during the second quarter. Harbour Capital Advisors LLC now owns 2,127,156 shares of the conglomerate’s stock valued at $17,420,000 after buying an additional 2,109,056 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of United Technologies by 1.6% during the second quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock valued at $6,693,250,000 after buying an additional 848,623 shares during the last quarter. Flossbach Von Storch AG grew its holdings in shares of United Technologies by 95.6% during the second quarter. Flossbach Von Storch AG now owns 1,617,008 shares of the conglomerate’s stock valued at $197,453,000 after buying an additional 790,496 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of United Technologies by 50.9% during the second quarter. Parametric Portfolio Associates LLC now owns 2,244,427 shares of the conglomerate’s stock valued at $274,067,000 after buying an additional 756,600 shares during the last quarter. Institutional investors and hedge funds own 80.07% of the company’s stock.

Shares of United Technologies Co. (NYSE UTX) opened at $136.58 on Friday. United Technologies Co. has a fifty-two week low of $106.85 and a fifty-two week high of $136.58. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91. The stock has a market cap of $109,070.00, a P/E ratio of 21.14, a P/E/G ratio of 2.34 and a beta of 1.07.

United Technologies (NYSE:UTX) last issued its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.05. United Technologies had a net margin of 8.79% and a return on equity of 17.66%. The company had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. During the same quarter last year, the company posted $1.76 earnings per share. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. analysts expect that United Technologies Co. will post 6.61 EPS for the current fiscal year.

In other United Technologies news, VP Robert J. Bailey sold 864 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $126.01, for a total value of $108,872.64. Following the transaction, the vice president now directly owns 2,000 shares in the company, valued at $252,020. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael R. Dumais sold 2,986 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $120.98, for a total transaction of $361,246.28. Following the completion of the transaction, the executive vice president now owns 27,548 shares in the company, valued at $3,332,757.04. The disclosure for this sale can be found here. Insiders sold 16,466 shares of company stock worth $2,019,274 over the last quarter. Insiders own 0.16% of the company’s stock.

UTX has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of United Technologies from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Royal Bank of Canada upgraded shares of United Technologies from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Atlantic Securities upgraded shares of United Technologies from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th. Cowen reiterated a “hold” rating and set a $120.00 price target on shares of United Technologies in a report on Friday, November 10th. Finally, Robert W. Baird upgraded shares of United Technologies from a “neutral” rating to an “outperform” rating in a report on Friday, January 5th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $125.63.

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About United Technologies

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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