Osborn Williams & Donohoe LLC lowered its stake in United Technologies Co. (NYSE:UTX) by 0.1% during the first quarter, Holdings Channel reports. The institutional investor owned 86,076 shares of the conglomerate’s stock after selling 59 shares during the period. United Technologies accounts for approximately 1.7% of Osborn Williams & Donohoe LLC’s holdings, making the stock its 11th largest position. Osborn Williams & Donohoe LLC’s holdings in United Technologies were worth $9,659,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of UTX. Norges Bank bought a new stake in United Technologies during the fourth quarter valued at about $740,872,000. The Manufacturers Life Insurance Company bought a new stake in United Technologies during the third quarter valued at about $374,918,000. Russell Investments Group Ltd. bought a new stake in United Technologies during the fourth quarter valued at about $168,592,000. Asset Management One Co. Ltd. increased its stake in United Technologies by 1,283.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,554,886 shares of the conglomerate’s stock valued at $170,546,000 after buying an additional 1,442,524 shares in the last quarter. Finally, Boston Partners increased its stake in United Technologies by 26.0% in the third quarter. Boston Partners now owns 5,281,056 shares of the conglomerate’s stock valued at $536,555,000 after buying an additional 1,088,456 shares in the last quarter. Hedge funds and other institutional investors own 79.89% of the company’s stock.
United Technologies Co. (NYSE:UTX) opened at 113.94 on Friday. United Technologies Co. has a 1-year low of $96.89 and a 1-year high of $114.44. The company has a 50-day moving average price of $112.49 and a 200-day moving average price of $108.80. The company has a market cap of $91.82 billion, a PE ratio of 18.62 and a beta of 1.09.
United Technologies (NYSE:UTX) last issued its earnings results on Wednesday, January 25th. The conglomerate reported $1.56 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.56. The business had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.70 billion. United Technologies had a net margin of 8.83% and a return on equity of 18.13%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.37 EPS. On average, analysts expect that United Technologies Co. will post $6.55 EPS for the current fiscal year.
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A number of equities research analysts recently issued reports on UTX shares. Vetr downgraded United Technologies from a “buy” rating to a “hold” rating and set a $114.78 price objective on the stock. in a research report on Tuesday, February 21st. Jefferies Group LLC reiterated a “buy” rating and issued a $126.00 price objective on shares of United Technologies in a research report on Monday, March 13th. Barclays PLC increased their price objective on United Technologies from $111.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 26th. Argus downgraded United Technologies from a “buy” rating to a “hold” rating and increased their price objective for the stock from $110.96 to $115.00 in a research report on Thursday, January 26th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $118.00 price objective on shares of United Technologies in a research report on Friday, March 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $116.01.
In other United Technologies news, VP Robert J. Bailey sold 1,022 shares of the company’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $112.26, for a total value of $114,729.72. Following the transaction, the vice president now directly owns 2,000 shares in the company, valued at approximately $224,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert J. Mcdonough sold 300 shares of the company’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $111.32, for a total transaction of $33,396.00. Following the completion of the transaction, the insider now owns 11,049 shares in the company, valued at $1,229,974.68. The disclosure for this sale can be found here. Insiders sold a total of 44,497 shares of company stock worth $4,982,862 over the last 90 days. Insiders own 0.15% of the company’s stock.
United Technologies Company 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.
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