Mitchell Mcleod Pugh & Williams Inc. Grows Holdings in United Technologies Co. (UTX)

Share on StockTwits

Mitchell Mcleod Pugh & Williams Inc. boosted its position in shares of United Technologies Co. (NYSE:UTX) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,953 shares of the conglomerate’s stock after purchasing an additional 420 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in United Technologies were worth $527,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Fort L.P. bought a new position in shares of United Technologies in the 2nd quarter valued at about $120,000. Psagot Investment House Ltd. bought a new position in United Technologies during the third quarter worth about $134,000. Adalta Capital Management LLC bought a new position in United Technologies during the second quarter worth about $163,000. Kiley Juergens Wealth Management LLC grew its holdings in United Technologies by 42.6% during the third quarter. Kiley Juergens Wealth Management LLC now owns 1,453 shares of the conglomerate’s stock worth $203,000 after purchasing an additional 434 shares during the period. Finally, Paulson Wealth Management Inc. bought a new position in United Technologies during the third quarter worth about $204,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Shares of UTX stock opened at $110.41 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.52 and a quick ratio of 1.17. The company has a market cap of $85.72 billion, a price-to-earnings ratio of 16.60, a P/E/G ratio of 1.51 and a beta of 1.11. United Technologies Co. has a 12-month low of $100.48 and a 12-month high of $144.15.

United Technologies (NYSE:UTX) last issued its quarterly earnings data on Tuesday, October 23rd. The conglomerate reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.11. The firm had revenue of $16.51 billion during the quarter, compared to the consensus estimate of $16.10 billion. United Technologies had a net margin of 7.76% and a return on equity of 17.70%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the business posted $1.73 earnings per share. On average, sell-side analysts anticipate that United Technologies Co. will post 7.17 EPS for the current fiscal year.

A number of equities analysts recently commented on UTX shares. Zacks Investment Research upgraded United Technologies from a “hold” rating to a “buy” rating and set a $159.00 price target for the company in a report on Tuesday, September 25th. Bank of America set a $180.00 price target on United Technologies and gave the stock a “buy” rating in a report on Tuesday, November 27th. Jefferies Financial Group set a $148.00 price target on United Technologies and gave the stock a “buy” rating in a report on Tuesday, November 27th. Wolfe Research set a $147.00 price target on United Technologies and gave the stock a “buy” rating in a report on Monday, November 26th. Finally, ValuEngine upgraded United Technologies from a “hold” rating to a “buy” rating in a report on Friday, November 23rd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $145.85.

COPYRIGHT VIOLATION WARNING: This article was published by Week Herald and is the property of of Week Herald. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be accessed at https://weekherald.com/2019/01/11/mitchell-mcleod-pugh-williams-inc-grows-holdings-in-united-technologies-co-utx.html.

United Technologies Profile

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.

Read More: What are no-load funds?

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