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.
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.
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.
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