Point View Wealth Management Inc. Boosts Holdings in United Technologies Co. (UTX)

Point View Wealth Management Inc. raised its holdings in shares of United Technologies Co. (NYSE:UTX) by 25.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,950 shares of the conglomerate’s stock after purchasing an additional 811 shares during the period. Point View Wealth Management Inc.’s holdings in United Technologies were worth $459,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of UTX. Vanguard Group Inc. grew its position in shares of United Technologies by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock worth $6,693,250,000 after buying an additional 848,623 shares during the last quarter. BlackRock Inc. grew its position in shares of United Technologies by 0.3% in the 2nd quarter. BlackRock Inc. now owns 44,095,986 shares of the conglomerate’s stock worth $5,384,561,000 after buying an additional 133,036 shares during the last quarter. FMR LLC grew its position in shares of United Technologies by 13.2% in the 2nd quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock worth $2,514,316,000 after buying an additional 2,401,795 shares during the last quarter. Capital Research Global Investors grew its position in shares of United Technologies by 3.6% in the 2nd quarter. Capital Research Global Investors now owns 8,779,642 shares of the conglomerate’s stock worth $1,072,082,000 after buying an additional 304,989 shares during the last quarter. Finally, Boston Partners grew its position in shares of United Technologies by 5.3% in the 3rd quarter. Boston Partners now owns 5,467,419 shares of the conglomerate’s stock worth $634,658,000 after buying an additional 274,184 shares during the last quarter. 80.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of United Technologies Co. (NYSE:UTX) opened at $135.90 on Friday. The company has a market cap of $108,530.00, a P/E ratio of 21.04, a P/E/G ratio of 2.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91. United Technologies Co. has a 12 month low of $106.85 and a 12 month high of $137.73.

United Technologies (NYSE:UTX) last released its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. The company had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. United Technologies had a net margin of 8.79% and a return on equity of 17.66%. United Technologies’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the business earned $1.76 EPS. analysts anticipate that United Technologies Co. will post 6.61 earnings per share for the current fiscal year.

In other United Technologies news, EVP Elizabeth B. Amato sold 4,341 shares of United Technologies stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $125.92, for a total transaction of $546,618.72. Following the completion of the sale, the executive vice president now directly owns 29,122 shares in the company, valued at approximately $3,667,042.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Robert J. Bailey sold 864 shares of United Technologies stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $126.01, for a total transaction of $108,872.64. Following the sale, the vice president now owns 2,000 shares of the company’s stock, valued at $252,020. The disclosure for this sale can be found here. Insiders sold a total of 16,466 shares of company stock valued at $2,019,274 over the last quarter. 0.16% of the stock is owned by company insiders.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of United Technologies from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a research report on Saturday. Goldman Sachs Group raised shares of United Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Robert W. Baird raised shares of United Technologies from a “neutral” rating to an “outperform” rating in a research report on Friday, January 5th. Royal Bank of Canada raised shares of United Technologies from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Finally, Cowen reaffirmed a “hold” rating and issued a $120.00 price objective on shares of United Technologies in a research report on Tuesday, October 24th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. United Technologies has a consensus rating of “Hold” and a consensus price target of $128.19.

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

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