Capital Planning Advisors LLC Grows Stake in United Technologies Co. (UTX)

Capital Planning Advisors LLC lifted its position in shares of United Technologies Co. (NYSE:UTX) by 127.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,748 shares of the conglomerate’s stock after purchasing an additional 11,643 shares during the period. Capital Planning Advisors LLC’s holdings in United Technologies were worth $2,408,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Connecticut Wealth Management LLC boosted its holdings in United Technologies by 10.1% in the second quarter. Connecticut Wealth Management LLC now owns 11,966 shares of the conglomerate’s stock valued at $1,473,000 after acquiring an additional 1,098 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in United Technologies by 8.4% in the second quarter. Pacer Advisors Inc. now owns 18,682 shares of the conglomerate’s stock valued at $2,281,000 after acquiring an additional 1,447 shares during the last quarter. Stoneridge Investment Partners LLC boosted its holdings in United Technologies by 755.1% in the second quarter. Stoneridge Investment Partners LLC now owns 33,178 shares of the conglomerate’s stock valued at $4,051,000 after acquiring an additional 29,298 shares during the last quarter. Federated Investors Inc. PA boosted its holdings in United Technologies by 22.2% in the second quarter. Federated Investors Inc. PA now owns 65,214 shares of the conglomerate’s stock valued at $7,963,000 after acquiring an additional 11,851 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in United Technologies by 136.2% in the second quarter. Canada Pension Plan Investment Board now owns 340,295 shares of the conglomerate’s stock valued at $41,553,000 after acquiring an additional 196,200 shares during the last quarter. Institutional investors own 80.09% of the company’s stock.

Several analysts recently commented on the company. Goldman Sachs Group upgraded United Technologies from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. Cowen reissued a “hold” rating and issued a $120.00 price target on shares of United Technologies in a research note on Friday, November 10th. Royal Bank of Canada reissued a “hold” rating and issued a $126.00 price target on shares of United Technologies in a research note on Tuesday, October 10th. Zacks Investment Research lowered United Technologies from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Atlantic Securities raised United Technologies from a “neutral” rating to an “overweight” rating in a research note on Tuesday, December 5th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $128.19.

In other news, VP Robert J. Bailey sold 827 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $118.06, for a total transaction of $97,635.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Akhil Johri sold 5,979 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $121.03, for a total value of $723,638.37. Following the transaction, the vice president now directly owns 23,295 shares in the company, valued at $2,819,393.85. The disclosure for this sale can be found here. Insiders have sold 16,466 shares of company stock worth $2,019,274 over the last ninety days. 0.16% of the stock is owned by insiders.

United Technologies Co. (NYSE UTX) opened at $135.21 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 0.91 and a debt-to-equity ratio of 0.76. United Technologies Co. has a 12-month low of $106.85 and a 12-month high of $137.73. The firm has a market capitalization of $107,970.00, a P/E ratio of 20.93, a PEG ratio of 2.35 and a beta of 1.07.

United Technologies (NYSE:UTX) last issued its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share for the quarter, topping 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 company had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same period in the prior year, the firm earned $1.76 earnings per share. United Technologies’s revenue for the quarter was up 4.9% on a year-over-year basis. research analysts predict that United Technologies Co. will post 6.61 EPS for the current fiscal year.

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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.

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

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