Savior LLC Acquires New Holdings in United Technologies Co. (NYSE:UTX)

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Savior LLC acquired a new stake in United Technologies Co. (NYSE:UTX) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 212 shares of the conglomerate’s stock, valued at approximately $32,000.

Several other institutional investors and hedge funds have also modified their holdings of UTX. Assenagon Asset Management S.A. acquired a new stake in United Technologies in the fourth quarter valued at about $110,709,000. Millennium Management LLC increased its holdings in shares of United Technologies by 184.4% in the 3rd quarter. Millennium Management LLC now owns 1,001,644 shares of the conglomerate’s stock valued at $136,744,000 after acquiring an additional 649,502 shares during the period. State of Tennessee Treasury Department boosted its holdings in United Technologies by 228.5% during the third quarter. State of Tennessee Treasury Department now owns 845,693 shares of the conglomerate’s stock worth $115,454,000 after buying an additional 588,243 shares in the last quarter. Primecap Management Co. CA boosted its stake in shares of United Technologies by 84.1% during the 2nd quarter. Primecap Management Co. CA now owns 1,116,162 shares of the conglomerate’s stock worth $145,324,000 after acquiring an additional 510,000 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of United Technologies by 22.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,002,606 shares of the conglomerate’s stock valued at $260,739,000 after purchasing an additional 370,601 shares in the last quarter. Institutional investors and hedge funds own 80.91% of the company’s stock.

Shares of United Technologies stock opened at $153.80 on Friday. The company has a market cap of $132.76 billion, a P/E ratio of 25.98, a PEG ratio of 2.01 and a beta of 1.22. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.75 and a current ratio of 1.06. United Technologies Co. has a one year low of $113.77 and a one year high of $155.53. The firm has a fifty day moving average of $150.73 and a two-hundred day moving average of $140.08.

United Technologies (NYSE:UTX) last announced its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.18. United Technologies had a net margin of 6.72% and a return on equity of 16.81%. The firm had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.31 billion. During the same period in the previous year, the company posted $1.93 earnings per share. United Technologies’s revenue was up 18.1% compared to the same quarter last year. As a group, equities analysts predict that United Technologies Co. will post 8.13 earnings per share for the current year.

In related news, VP Robert J. Bailey sold 1,299 shares of United Technologies stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $149.17, for a total transaction of $193,771.83. Following the sale, the vice president now directly owns 2,600 shares of the company’s stock, valued at $387,842. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robert F. Leduc sold 33,175 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $147.01, for a total value of $4,877,056.75. Following the transaction, the insider now owns 96,270 shares in the company, valued at $14,152,652.70. The disclosure for this sale can be found here. Insiders sold a total of 69,015 shares of company stock worth $10,163,321 in the last three months. Company insiders own 0.15% of the company’s stock.

Several research analysts have issued reports on UTX shares. JPMorgan Chase & Co. raised their price objective on shares of United Technologies from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Credit Suisse Group set a $162.00 price objective on shares of United Technologies and gave the company a “buy” rating in a research report on Friday, October 25th. Cowen restated a “buy” rating and set a $169.00 price objective on shares of United Technologies in a research report on Wednesday. Zacks Investment Research upgraded shares of United Technologies from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Thursday, November 28th. Finally, UBS Group upped their price objective on shares of United Technologies from $157.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. United Technologies has a consensus rating of “Buy” and a consensus price target of $160.79.

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

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