Caisse DE Depot ET Placement DU Quebec Has $187.54 Million Stake in United Technologies Co. (UTX)

Caisse DE Depot ET Placement DU Quebec reduced its stake in shares of United Technologies Co. (NYSE:UTX) by 14.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,470,100 shares of the conglomerate’s stock after selling 247,200 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in United Technologies were worth $187,541,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Truewealth LLC bought a new stake in United Technologies during the 4th quarter valued at approximately $228,000. ETRADE Capital Management LLC raised its stake in United Technologies by 19.1% during the 4th quarter. ETRADE Capital Management LLC now owns 5,061 shares of the conglomerate’s stock valued at $646,000 after purchasing an additional 811 shares during the period. Connors Investor Services Inc. raised its stake in United Technologies by 2.8% during the 4th quarter. Connors Investor Services Inc. now owns 97,378 shares of the conglomerate’s stock valued at $12,423,000 after purchasing an additional 2,611 shares during the period. Amundi Pioneer Asset Management Inc. raised its stake in United Technologies by 70.5% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,407,472 shares of the conglomerate’s stock valued at $307,122,000 after purchasing an additional 995,075 shares during the period. Finally, Cahill Financial Advisors Inc. raised its stake in United Technologies by 28.5% during the 4th quarter. Cahill Financial Advisors Inc. now owns 2,927 shares of the conglomerate’s stock valued at $374,000 after purchasing an additional 650 shares during the period. 81.89% of the stock is currently owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

Several analysts recently issued reports on the company. ValuEngine raised United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Cowen reaffirmed a “hold” rating and issued a $141.00 price objective on shares of United Technologies in a research note on Thursday, January 25th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $146.00 price objective (up previously from $124.00) on shares of United Technologies in a research note on Thursday, January 25th. Sanford C. Bernstein reaffirmed a “positive” rating and issued a $153.00 price objective (up previously from $135.00) on shares of United Technologies in a research note on Tuesday, January 30th. Finally, Zacks Investment Research downgraded United Technologies from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. United Technologies currently has an average rating of “Buy” and an average target price of $139.07.

NYSE UTX opened at $123.81 on Tuesday. The company has a market cap of $98,140.80, a PE ratio of 18.62, a P/E/G ratio of 1.86 and a beta of 1.08. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.94 and a current ratio of 1.35. United Technologies Co. has a fifty-two week low of $109.10 and a fifty-two week high of $139.24.

United Technologies (NYSE:UTX) last released its earnings results on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.04. The firm had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $15.34 billion. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 EPS. equities analysts expect that United Technologies Co. will post 7.04 earnings per share for the current year.

In other news, VP Robert J. Bailey sold 2,032 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $134.95, for a total transaction of $274,218.40. Following the transaction, the vice president now owns 4,900 shares of the company’s stock, valued at approximately $661,255. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This article was originally published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this article on another publication, it was illegally stolen and republished in violation of United States & international copyright and trademark law. The correct version of this article can be read at https://www.chaffeybreeze.com/2018/04/17/caisse-de-depot-et-placement-du-quebec-has-187-54-million-stake-in-united-technologies-co-utx.html.

United Technologies 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 Co. (NYSE:UTX).

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

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

Leave a Reply