Mairs & Power INC lessened its position in shares of United Technologies Co. (NYSE:UTX) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,959 shares of the conglomerate’s stock after selling 282 shares during the period. Mairs & Power INC’s holdings in United Technologies were worth $1,486,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of UTX. Point View Wealth Management Inc. increased its holdings in shares of United Technologies by 2.4% in the 4th quarter. Point View Wealth Management Inc. now owns 3,600 shares of the conglomerate’s stock worth $383,000 after buying an additional 85 shares during the last quarter. Newman Dignan & Sheerar Inc. increased its holdings in shares of United Technologies by 1.1% in the 4th quarter. Newman Dignan & Sheerar Inc. now owns 8,234 shares of the conglomerate’s stock worth $877,000 after buying an additional 86 shares during the last quarter. Cim LLC increased its holdings in shares of United Technologies by 4.0% in the 4th quarter. Cim LLC now owns 2,280 shares of the conglomerate’s stock worth $243,000 after buying an additional 87 shares during the last quarter. Pineno Levin & Ford Asset Management Inc. increased its holdings in shares of United Technologies by 2.0% in the 4th quarter. Pineno Levin & Ford Asset Management Inc. now owns 4,794 shares of the conglomerate’s stock worth $510,000 after buying an additional 93 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of United Technologies by 3.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,221 shares of the conglomerate’s stock worth $343,000 after buying an additional 95 shares during the last quarter. 80.83% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Robert J. Bailey sold 862 shares of the company’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $121.71, for a total value of $104,914.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert Kelly Ortberg sold 16,587 shares of the company’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $126.59, for a total transaction of $2,099,748.33. Following the completion of the sale, the chief executive officer now directly owns 70,211 shares of the company’s stock, valued at approximately $8,888,010.49. The disclosure for this sale can be found here. Insiders sold a total of 97,770 shares of company stock valued at $12,153,044 in the last ninety days. 0.15% of the stock is owned by corporate insiders.
A number of equities analysts have recently commented on UTX shares. Zacks Investment Research raised shares of United Technologies from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a report on Wednesday, January 30th. Barclays decreased their price target on shares of United Technologies from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 11th. Citigroup reissued a “neutral” rating and issued a $120.00 price target (down previously from $125.00) on shares of United Technologies in a report on Thursday, January 3rd. Goldman Sachs Group raised shares of United Technologies from a “buy” rating to a “conviction-buy” rating and set a $153.00 price target on the stock in a report on Friday, February 1st. Finally, Bank of America reissued a “buy” rating and issued a $185.00 price target on shares of United Technologies in a report on Thursday, January 24th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. United Technologies currently has a consensus rating of “Buy” and an average price target of $144.00.
Shares of United Technologies stock opened at $134.55 on Tuesday. United Technologies Co. has a 52-week low of $100.48 and a 52-week high of $144.15. The firm has a market capitalization of $116.09 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 1.91 and a beta of 1.20. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.13 and a quick ratio of 0.81.
United Technologies (NYSE:UTX) last announced its quarterly earnings data on Wednesday, January 23rd. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.42. United Technologies had a net margin of 7.92% and a return on equity of 17.53%. The company had revenue of $18.04 billion during the quarter, compared to analysts’ expectations of $16.87 billion. During the same quarter in the prior year, the company earned $1.60 EPS. The firm’s revenue was up 15.1% on a year-over-year basis. As a group, equities research analysts forecast that United Technologies Co. will post 7.92 EPS for the current year.
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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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