Thrivent Financial For Lutherans lifted its stake in United Technologies Co. (NYSE:UTX) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 473,147 shares of the conglomerate’s stock after buying an additional 6,759 shares during the period. Thrivent Financial For Lutherans owned about 0.06% of United Technologies worth $60,360,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Stephens Inc. AR raised its holdings in shares of United Technologies by 5.9% in the 4th quarter. Stephens Inc. AR now owns 42,471 shares of the conglomerate’s stock worth $5,418,000 after buying an additional 2,348 shares in the last quarter. M&T Bank Corp raised its holdings in shares of United Technologies by 2.0% in the 4th quarter. M&T Bank Corp now owns 647,767 shares of the conglomerate’s stock worth $82,636,000 after buying an additional 12,910 shares in the last quarter. Rockefeller Financial Services Inc. raised its holdings in shares of United Technologies by 133.1% in the 4th quarter. Rockefeller Financial Services Inc. now owns 32,684 shares of the conglomerate’s stock worth $4,169,000 after buying an additional 18,660 shares in the last quarter. Levin Capital Strategies L.P. raised its holdings in shares of United Technologies by 84.0% in the 4th quarter. Levin Capital Strategies L.P. now owns 584,846 shares of the conglomerate’s stock worth $74,609,000 after buying an additional 266,951 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of United Technologies by 19.2% in the 3rd quarter. Victory Capital Management Inc. now owns 42,601 shares of the conglomerate’s stock worth $4,945,000 after buying an additional 6,853 shares in the last quarter. 81.89% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on UTX shares. Robert W. Baird raised United Technologies from a “neutral” rating to an “outperform” rating in a report on Friday, January 5th. Cowen restated a “hold” rating and set a $141.00 price target on shares of United Technologies in a research report on Sunday, February 11th. Sanford C. Bernstein restated a “positive” rating and set a $153.00 price target (up from $135.00) on shares of United Technologies in a research report on Tuesday, January 30th. Barclays initiated coverage on United Technologies in a research report on Thursday, February 15th. They set an “overweight” rating and a $157.00 price target on the stock. Finally, Zacks Investment Research upgraded United Technologies from a “hold” rating to a “buy” rating and set a $151.00 price target on the stock in a research report on Saturday, January 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. United Technologies currently has an average rating of “Buy” and a consensus target price of $139.07.
Shares of UTX opened at $124.80 on Thursday. The firm has a market capitalization of $99,020.55, a price-to-earnings ratio of 18.77, a PEG ratio of 1.88 and a beta of 1.08. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.94 and a current ratio of 1.35. United Technologies Co. has a 52 week low of $109.10 and a 52 week high of $139.24.
United Technologies (NYSE:UTX) last announced its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.04. The firm had revenue of $15.68 billion for the quarter, compared to analyst estimates of $15.34 billion. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $1.56 EPS. analysts forecast that United Technologies Co. will post 7.04 EPS for the current year.
In other United Technologies news, VP Robert J. Bailey sold 2,032 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $134.95, for a total value of $274,218.40. Following the transaction, the vice president now directly owns 4,900 shares in the company, valued at approximately $661,255. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is currently owned by company insiders.
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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