GHP Investment Advisors Inc. Buys Shares of 4,663 United Technologies Co. (UTX)

GHP Investment Advisors Inc. bought a new position in United Technologies Co. (NYSE:UTX) in the third quarter, HoldingsChannel reports. The fund bought 4,663 shares of the conglomerate’s stock, valued at approximately $541,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Smithfield Trust Co. raised its holdings in shares of United Technologies by 34.7% during the 3rd quarter. Smithfield Trust Co. now owns 3,878 shares of the conglomerate’s stock valued at $450,000 after purchasing an additional 1,000 shares in the last quarter. Sandy Spring Bank raised its holdings in shares of United Technologies by 4.8% during the 3rd quarter. Sandy Spring Bank now owns 73,698 shares of the conglomerate’s stock valued at $8,555,000 after purchasing an additional 3,353 shares in the last quarter. Swiss National Bank raised its holdings in shares of United Technologies by 0.4% during the 3rd quarter. Swiss National Bank now owns 2,808,321 shares of the conglomerate’s stock valued at $325,990,000 after purchasing an additional 11,100 shares in the last quarter. Greenwood Capital Associates LLC bought a new position in shares of United Technologies during the 3rd quarter valued at $2,556,000. Finally, Sunbelt Securities Inc. bought a new position in shares of United Technologies during the 3rd quarter valued at $308,000. Institutional investors own 80.07% of the company’s stock.

United Technologies Co. (UTX) opened at $134.27 on Wednesday. The company has a market cap of $107,220.00, a price-to-earnings ratio of 20.78, a P/E/G ratio of 2.29 and a beta of 1.07. United Technologies Co. has a twelve month low of $106.85 and a twelve month high of $135.79. The company has a quick ratio of 0.91, a current ratio of 1.31 and a debt-to-equity ratio of 0.76.

United Technologies (NYSE:UTX) last announced its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, topping the consensus estimate of $1.68 by $0.05. The firm had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. United Technologies had a net margin of 8.79% and a return on equity of 17.66%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 EPS. analysts expect that United Technologies Co. will post 6.61 earnings per share for the current fiscal year.

UTX has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of United Technologies from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Royal Bank of Canada upgraded shares of United Technologies from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Atlantic Securities upgraded shares of United Technologies from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th. Cowen restated a “hold” rating and set a $120.00 price target on shares of United Technologies in a report on Friday, November 10th. Finally, Robert W. Baird upgraded shares of United Technologies from a “neutral” rating to an “outperform” rating in a report on Friday, January 5th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $125.63.

In other United Technologies news, VP Robert J. Bailey sold 827 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $118.06, for a total value of $97,635.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Michael R. Dumais sold 2,986 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $120.98, for a total transaction of $361,246.28. Following the completion of the sale, the executive vice president now owns 27,548 shares in the company, valued at $3,332,757.04. The disclosure for this sale can be found here. Insiders sold a total of 16,466 shares of company stock worth $2,019,274 over the last 90 days. Company insiders own 0.16% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “GHP Investment Advisors Inc. Buys Shares of 4,663 United Technologies Co. (UTX)” was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark law. The original version of this story can be accessed at https://www.com-unik.info/2018/01/10/ghp-investment-advisors-inc-buys-shares-of-4663-united-technologies-co-utx.html.

About United Technologies

United Technologies Corporation is engaged in providing high technology products and services to the building systems and aerospace industries around the world. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. Otis operates as an elevator and escalator manufacturing, installation and service company.

Want to see what other hedge funds are holding UTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Technologies Co. (NYSE:UTX).

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

Receive News & Ratings for United Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit