Anchor Bolt Capital LP Has $31.02 Million Stake in United Technologies Co. (UTX)

Anchor Bolt Capital LP decreased its holdings in shares of United Technologies Co. (NYSE:UTX) by 48.6% during the 4th quarter, Holdings Channel reports. The firm owned 291,331 shares of the conglomerate’s stock after selling 275,463 shares during the period. United Technologies accounts for about 2.2% of Anchor Bolt Capital LP’s investment portfolio, making the stock its 17th largest holding. Anchor Bolt Capital LP’s holdings in United Technologies were worth $31,021,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. QS Investors LLC boosted its holdings in shares of United Technologies by 5.6% during the fourth quarter. QS Investors LLC now owns 13,784 shares of the conglomerate’s stock worth $1,468,000 after purchasing an additional 735 shares during the last quarter. Claybrook Capital LLC acquired a new stake in shares of United Technologies during the fourth quarter worth $56,000. Mosaic Family Wealth LLC boosted its holdings in shares of United Technologies by 20.3% during the fourth quarter. Mosaic Family Wealth LLC now owns 5,448 shares of the conglomerate’s stock worth $580,000 after purchasing an additional 921 shares during the last quarter. MUFG Securities EMEA plc boosted its holdings in shares of United Technologies by 63.7% during the fourth quarter. MUFG Securities EMEA plc now owns 33,378 shares of the conglomerate’s stock worth $3,554,000 after purchasing an additional 12,989 shares during the last quarter. Finally, Maven Securities LTD acquired a new stake in shares of United Technologies during the fourth quarter worth $301,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

NYSE:UTX opened at $135.34 on Wednesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.81 and a current ratio of 1.13. United Technologies Co. has a 12 month low of $100.48 and a 12 month high of $144.15. The stock has a market capitalization of $116.08 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 1.94 and a beta of 1.20.

United Technologies (NYSE:UTX) last released its quarterly earnings data on Wednesday, January 23rd. The conglomerate reported $1.95 EPS for the quarter, beating the consensus estimate of $1.53 by $0.42. United Technologies had a return on equity of 17.53% and a net margin of 7.92%. The company had revenue of $18.04 billion for the quarter, compared to analyst estimates of $16.87 billion. During the same period last year, the company posted $1.60 earnings per share. The firm’s revenue was up 15.1% compared to the same quarter last year. Equities research analysts anticipate that United Technologies Co. will post 7.92 EPS for the current fiscal year.

In other United Technologies news, EVP Michael R. Dumais sold 9,620 shares of the firm’s stock in a transaction dated Wednesday, January 30th. The stock was sold at an average price of $119.12, for a total value of $1,145,934.40. Following the transaction, the executive vice president now directly owns 35,627 shares of the company’s stock, valued at $4,243,888.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert J. Bailey sold 862 shares of the firm’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $121.71, for a total value of $104,914.02. The disclosure for this sale can be found here. Insiders sold 97,770 shares of company stock worth $12,153,044 over the last three months. 0.15% of the stock is currently owned by corporate insiders.

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on United Technologies in a report on Friday, February 22nd. They issued an “overweight” rating and a $132.00 target price on the stock. Zacks Investment Research cut United Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Royal Bank of Canada cut United Technologies from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $139.00 to $119.00 in a report on Thursday, January 3rd. Goldman Sachs Group reiterated a “buy” rating and issued a $149.00 target price on shares of United Technologies in a report on Wednesday, January 23rd. Finally, OTR Global cut United Technologies to a “positive” rating in a report on Friday, January 18th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. United Technologies has an average rating of “Buy” and an average target price of $144.00.

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United Technologies Company 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.

See Also: Cost of equity and a company’s balance sheet

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

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