Abner Herrman & Brock LLC Sold 85,863 Shares of United Technologies Co. (UTX)

Abner Herrman & Brock LLC Sold 85,863 Shares of United Technologies Co. (UTX)

Abner Herrman & Brock LLC trimmed its stake in shares of United Technologies Co. (NYSE:UTX) by 91.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,647 shares of the conglomerate’s stock after selling 85,863 shares during the quarter. Abner Herrman & Brock LLC’s holdings in United Technologies were worth $814,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of United Technologies by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 59,240,301 shares of the conglomerate’s stock worth $8,282,386,000 after acquiring an additional 1,094,947 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of United Technologies by 1.9% in the 3rd quarter. Vanguard Group Inc now owns 59,240,301 shares of the conglomerate’s stock worth $8,282,386,000 after acquiring an additional 1,094,947 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of United Technologies by 0.7% in the 3rd quarter. BlackRock Inc. now owns 47,687,427 shares of the conglomerate’s stock worth $6,667,179,000 after acquiring an additional 347,202 shares in the last quarter. FMR LLC boosted its holdings in shares of United Technologies by 1.4% in the 3rd quarter. FMR LLC now owns 26,833,527 shares of the conglomerate’s stock worth $3,751,597,000 after acquiring an additional 372,456 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of United Technologies by 5.5% in the 3rd quarter. Morgan Stanley now owns 12,431,324 shares of the conglomerate’s stock worth $1,738,025,000 after acquiring an additional 649,983 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors.

Shares of United Technologies stock traded down $0.95 on Friday, hitting $109.46. 174,980 shares of the company’s stock traded hands, compared to its average volume of 5,721,764. The stock has a market capitalization of $87.56 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 1.55 and a beta of 1.11. United Technologies Co. has a one year low of $100.48 and a one year high of $144.15. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.17 and a current ratio of 1.52.

United Technologies (NYSE:UTX) last issued its earnings results on Tuesday, October 23rd. The conglomerate reported $1.93 EPS for the quarter, beating the consensus estimate of $1.82 by $0.11. The company had revenue of $16.51 billion during the quarter, compared to analysts’ expectations of $16.10 billion. United Technologies had a net margin of 7.76% and a return on equity of 17.70%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 EPS. As a group, research analysts forecast that United Technologies Co. will post 7.17 EPS for the current fiscal year.

Several research analysts have recently commented on UTX shares. Robert W. Baird boosted their target price on United Technologies from $156.00 to $167.00 and gave the stock a “neutral” rating in a report on Thursday, September 20th. Citigroup reissued a “neutral” rating and issued a $120.00 target price (down from $125.00) on shares of United Technologies in a report on Thursday, January 3rd. Zacks Investment Research cut shares of United Technologies from a “buy” rating to a “hold” rating in a research report on Friday, October 26th. Jefferies Financial Group set a $148.00 price objective on shares of United Technologies and gave the stock a “buy” rating in a research report on Tuesday, November 27th. Finally, ValuEngine upgraded shares of United Technologies from a “hold” rating to a “buy” rating in a research report on Friday, November 23rd. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $145.46.

About United Technologies

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.

Featured Article: Futures Contract

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).

Related posts

Leave a Comment