Investors Sell United Technologies (UTX) on Strength (UTX)

Traders sold shares of United Technologies Co. (NYSE:UTX) on strength during trading on Monday. $67.05 million flowed into the stock on the tick-up and $121.33 million flowed out of the stock on the tick-down, for a money net flow of $54.28 million out of the stock. Of all companies tracked, United Technologies had the 24th highest net out-flow for the day. United Technologies traded up $1.10 for the day and closed at $123.81

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

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The firm has a market capitalization of $98,140.80, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 1.86 and a beta of 1.08. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.35 and a quick ratio of 0.94.

United Technologies (NYSE:UTX) last released its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share for the quarter, topping the Zacks’ 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 during the quarter, compared to analysts’ expectations of $15.34 billion. During the same period in the previous year, the firm posted $1.56 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. research analysts anticipate that United Technologies Co. will post 7.04 EPS for the current fiscal year.

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

Several large investors have recently made changes to their positions in UTX. Beach Investment Management LLC. purchased a new stake in shares of United Technologies in the second quarter valued at $434,000. Bahl & Gaynor Inc. grew its position in shares of United Technologies by 7.5% in the second quarter. Bahl & Gaynor Inc. now owns 614,945 shares of the conglomerate’s stock valued at $67,411,000 after purchasing an additional 43,071 shares during the period. Bruderman Asset Management LLC purchased a new stake in shares of United Technologies in the second quarter valued at $706,000. Richard C. Young & CO. LTD. grew its position in shares of United Technologies by 41.0% in the second quarter. Richard C. Young & CO. LTD. now owns 10,898 shares of the conglomerate’s stock valued at $1,331,000 after purchasing an additional 3,167 shares during the period. Finally, BlackRock Inc. grew its position in United Technologies by 0.3% during the second quarter. BlackRock Inc. now owns 44,095,986 shares of the conglomerate’s stock valued at $5,384,561,000 after acquiring an additional 133,036 shares during the period. 81.89% of the stock is owned by institutional investors and hedge funds.

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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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