United Technologies Co. (UTX) Shares Bought by Rosenbaum Jay D.

Rosenbaum Jay D. lifted its holdings in shares of United Technologies Co. (NYSE:UTX) by 23.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,953 shares of the conglomerate’s stock after buying an additional 1,725 shares during the period. United Technologies comprises about 2.0% of Rosenbaum Jay D.’s portfolio, making the stock its 24th biggest holding. Rosenbaum Jay D.’s holdings in United Technologies were worth $1,040,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Alexandria Capital LLC grew its position in United Technologies by 0.3% during the 2nd quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock worth $132,000 after acquiring an additional 3 shares during the last quarter. Rowland & Co. Investment Counsel ADV grew its position in United Technologies by 0.3% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock worth $143,000 after acquiring an additional 3 shares during the last quarter. Jackson Grant Investment Advisers Inc. grew its position in United Technologies by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 1,788 shares of the conglomerate’s stock worth $218,000 after acquiring an additional 8 shares during the last quarter. Kissinger Financial Services LLC grew its position in United Technologies by 0.5% during the 2nd quarter. Kissinger Financial Services LLC now owns 2,095 shares of the conglomerate’s stock worth $256,000 after acquiring an additional 11 shares during the last quarter. Finally, Vigilant Capital Management LLC grew its position in United Technologies by 0.7% during the 2nd quarter. Vigilant Capital Management LLC now owns 1,891 shares of the conglomerate’s stock worth $231,000 after acquiring an additional 14 shares during the last quarter. 80.07% of the stock is owned by institutional investors.

In related news, EVP Elizabeth B. Amato sold 4,341 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $125.92, for a total transaction of $546,618.72. Following the sale, the executive vice president now owns 29,122 shares in the company, valued at approximately $3,667,042.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Robert J. Bailey sold 827 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $118.06, for a total value of $97,635.62. The disclosure for this sale can be found here. Insiders sold a total of 16,466 shares of company stock worth $2,019,274 in the last quarter. Corporate insiders own 0.16% of the company’s stock.

Shares of United Technologies Co. (NYSE:UTX) opened at $134.90 on Thursday. United Technologies Co. has a 52-week low of $106.85 and a 52-week high of $135.79. The company has a market capitalization of $107,730.00, a PE ratio of 20.88, a price-to-earnings-growth ratio of 2.29 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91.

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

A number of equities research analysts recently weighed in on the company. Goldman Sachs Group upgraded United Technologies from a “neutral” rating to a “buy” rating in a research report on Monday. Robert W. Baird upgraded United Technologies from a “neutral” rating to an “outperform” rating in a research report on Friday, January 5th. Royal Bank of Canada upgraded United Technologies from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Cowen restated a “hold” rating and set a $120.00 price objective on shares of United Technologies in a research report on Tuesday, October 24th. Finally, Atlantic Securities upgraded United Technologies from a “neutral” rating to an “overweight” rating in a research report on Tuesday, December 5th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $125.63.

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United Technologies Company Profile

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.

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

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