United Technologies Corporation (UTX) Stake Lowered by Hartford Investment Management Co.

Hartford Investment Management Co. lessened its position in United Technologies Corporation (NYSE:UTX) by 5.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 170,913 shares of the conglomerate’s stock after selling 9,269 shares during the period. Hartford Investment Management Co.’s holdings in United Technologies Corporation were worth $20,870,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of UTX. Evanson Asset Management LLC acquired a new stake in shares of United Technologies Corporation in the 1st quarter valued at $379,000. Armstrong Henry H Associates Inc. boosted its stake in shares of United Technologies Corporation by 0.8% in the 1st quarter. Armstrong Henry H Associates Inc. now owns 12,012 shares of the conglomerate’s stock valued at $1,348,000 after purchasing an additional 100 shares in the last quarter. Boston Advisors LLC boosted its stake in shares of United Technologies Corporation by 0.9% in the 1st quarter. Boston Advisors LLC now owns 11,735 shares of the conglomerate’s stock valued at $1,317,000 after purchasing an additional 100 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of United Technologies Corporation by 1.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 295,104 shares of the conglomerate’s stock valued at $33,113,000 after purchasing an additional 5,140 shares in the last quarter. Finally, Whitnell & Co. boosted its stake in shares of United Technologies Corporation by 1.8% in the 1st quarter. Whitnell & Co. now owns 16,517 shares of the conglomerate’s stock valued at $1,853,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 78.85% of the company’s stock.

Several equities research analysts have recently commented on UTX shares. Zacks Investment Research downgraded shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Jefferies Group LLC restated a “buy” rating on shares of United Technologies Corporation in a research note on Wednesday, May 31st. Royal Bank Of Canada restated a “hold” rating and issued a $125.00 target price on shares of United Technologies Corporation in a research note on Friday, June 2nd. HSBC Holdings plc started coverage on shares of United Technologies Corporation in a research note on Monday, June 12th. They issued a “hold” rating and a $125.00 target price on the stock. Finally, Morgan Stanley restated an “overweight” rating and issued a $132.00 target price (up previously from $128.00) on shares of United Technologies Corporation in a research note on Thursday, June 22nd. Sixteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $124.48.

ILLEGAL ACTIVITY WARNING: This news story was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this news story on another domain, it was copied illegally and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.chaffeybreeze.com/2017/09/15/united-technologies-corporation-utx-stake-lowered-by-hartford-investment-management-co.html.

Shares of United Technologies Corporation (UTX) traded up 0.473% during mid-day trading on Friday, reaching $113.675. The company’s stock had a trading volume of 3,404,810 shares. The company has a 50-day moving average of $116.03 and a 200-day moving average of $117.52. The firm has a market cap of $90.80 billion, a PE ratio of 17.315 and a beta of 1.05. United Technologies Corporation has a 12 month low of $97.62 and a 12 month high of $124.79.

United Technologies Corporation (NYSE:UTX) last issued its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.07. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The company had revenue of $15.28 billion during the quarter, compared to the consensus estimate of $15.24 billion. During the same period last year, the company earned $1.82 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that United Technologies Corporation will post $6.57 earnings per share for the current year.

United Technologies Corporation 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.

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 Corporation (NYSE:UTX).

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

Receive News & Ratings for United Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Technologies Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply