Investors Sell Shares of United Technologies (UTX) on Strength (UTX)

Traders sold shares of United Technologies Co. (NYSE:UTX) on strength during trading hours on Monday. $67.05 million flowed into the stock on the tick-up and $121.33 million flowed out of the stock on the tick-down, for a money net flow of $54.28 million out of the stock. Of all equities tracked, United Technologies had the 0th highest net out-flow for the day. United Technologies traded up $1.10 for the day and closed at $123.81

A number of research firms recently issued reports on UTX. ValuEngine raised United Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Goldman Sachs raised United Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $146.00 target price (up previously from $124.00) on shares of United Technologies in a research report on Thursday, January 25th. Cowen reaffirmed a “hold” rating and issued a $141.00 target price on shares of United Technologies in a research report on Thursday, January 25th. Finally, Barclays began coverage on United Technologies in a research report on Thursday, February 15th. They issued an “overweight” rating and a $157.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. United Technologies presently has an average rating of “Buy” and a consensus price target of $139.07.

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The company has a quick ratio of 0.94, a current ratio of 1.35 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $99,020.55, a P/E ratio of 18.73, a PEG ratio of 1.88 and a beta of 1.08.

United Technologies (NYSE:UTX) last posted its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.04. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The business had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $15.34 billion. During the same quarter last year, the company posted $1.56 earnings per share. United Technologies’s quarterly revenue was up 7.0% on a year-over-year basis. equities analysts expect that United Technologies Co. will post 7.04 earnings per share for the current fiscal year.

In related news, VP Robert J. Bailey sold 2,032 shares of United Technologies stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $134.95, for a total transaction of $274,218.40. Following the completion of the transaction, the vice president now owns 4,900 shares in the company, valued at $661,255. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.17% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of United Technologies by 1.6% during the second quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock worth $6,693,250,000 after acquiring an additional 848,623 shares during the period. BlackRock Inc. boosted its holdings in shares of United Technologies by 1.8% during the fourth quarter. BlackRock Inc. now owns 46,850,302 shares of the conglomerate’s stock worth $5,976,695,000 after acquiring an additional 822,595 shares during the period. FMR LLC boosted its holdings in shares of United Technologies by 13.2% during the second quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock worth $2,514,316,000 after acquiring an additional 2,401,795 shares during the period. Capital Research Global Investors boosted its holdings in shares of United Technologies by 3.6% during the second quarter. Capital Research Global Investors now owns 8,779,642 shares of the conglomerate’s stock worth $1,072,082,000 after acquiring an additional 304,989 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of United Technologies by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 7,665,846 shares of the conglomerate’s stock worth $975,815,000 after acquiring an additional 139,345 shares during the period. Institutional investors and hedge funds own 81.89% of the company’s stock.

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About United Technologies

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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