Blue Fin Capital Inc. decreased its position in shares of United Technologies Co. (NYSE:UTX) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,794 shares of the conglomerate’s stock after selling 215 shares during the quarter. Blue Fin Capital Inc.’s holdings in United Technologies were worth $1,369,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Baldwin Brothers Inc. MA grew its position in United Technologies by 45.3% in the 3rd quarter. Baldwin Brothers Inc. MA now owns 7,238 shares of the conglomerate’s stock valued at $1,012,000 after purchasing an additional 2,257 shares during the period. Kentucky Retirement Systems bought a new position in United Technologies during the 3rd quarter valued at $7,931,000. Dodge & Cox lifted its stake in United Technologies by 25.7% during the 3rd quarter. Dodge & Cox now owns 2,200 shares of the conglomerate’s stock valued at $308,000 after acquiring an additional 450 shares in the last quarter. Wade G W & Inc. lifted its stake in United Technologies by 1.8% during the 3rd quarter. Wade G W & Inc. now owns 100,341 shares of the conglomerate’s stock valued at $14,029,000 after acquiring an additional 1,808 shares in the last quarter. Finally, Oakworth Capital Inc. lifted its stake in United Technologies by 17.6% during the 3rd quarter. Oakworth Capital Inc. now owns 3,929 shares of the conglomerate’s stock valued at $550,000 after acquiring an additional 589 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.
Several equities analysts have weighed in on UTX shares. Robert W. Baird raised their price objective on United Technologies from $156.00 to $167.00 and gave the company a “neutral” rating in a research note on Thursday, September 20th. Citigroup reiterated a “neutral” rating and set a $120.00 target price (down from $125.00) on shares of United Technologies in a research note on Thursday, January 3rd. Zacks Investment Research cut United Technologies from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Jefferies Financial Group set a $148.00 target price on United Technologies and gave the stock a “buy” rating in a research note on Tuesday, November 27th. Finally, ValuEngine upgraded United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, November 23rd. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $145.46.
Shares of NYSE UTX traded down $0.95 during midday trading on Friday, hitting $109.46. 174,980 shares of the company’s stock were exchanged, compared to its average volume of 5,721,764. United Technologies Co. has a 12-month low of $100.48 and a 12-month high of $144.15. The company has a current ratio of 1.52, a quick ratio of 1.17 and a debt-to-equity ratio of 1.12. The firm 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 (NYSE:UTX) last issued its quarterly earnings data on Tuesday, October 23rd. The conglomerate reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.11. United Technologies had a return on equity of 17.70% and a net margin of 7.76%. The company had revenue of $16.51 billion during the quarter, compared to analyst estimates of $16.10 billion. During the same quarter in the previous year, the firm earned $1.73 earnings per share. United Technologies’s revenue was up 9.6% on a year-over-year basis. On average, analysts predict that United Technologies Co. will post 7.17 earnings per share for the current year.
United Technologies Profile
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.
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