United Technologies Co. (NYSE:UTX) Shares Purchased by M&R Capital Management Inc.

M&R Capital Management Inc. raised its position in United Technologies Co. (NYSE:UTX) by 3.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,041 shares of the conglomerate’s stock after purchasing an additional 126 shares during the quarter. M&R Capital Management Inc.’s holdings in United Technologies were worth $551,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Phocas Financial Corp. purchased a new position in United Technologies in the second quarter valued at about $25,000. Krane Funds Advisors LLC acquired a new position in United Technologies during the 2nd quarter valued at about $26,000. Transamerica Financial Advisors Inc. acquired a new position in United Technologies during the 2nd quarter valued at about $30,000. Quad Cities Investment Group LLC boosted its stake in United Technologies by 62.1% during the 2nd quarter. Quad Cities Investment Group LLC now owns 261 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 100 shares during the period. Finally, Manchester Financial Inc. acquired a new position in United Technologies during the 2nd quarter valued at about $35,000. 80.67% of the stock is currently owned by institutional investors.

UTX traded up $1.13 on Friday, reaching $132.34. 800,256 shares of the company traded hands, compared to its average volume of 2,665,710. The stock’s 50 day moving average price is $131.73 and its 200-day moving average price is $131.97. United Technologies Co. has a 52-week low of $100.48 and a 52-week high of $144.40. The company has a market cap of $113.22 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 2.34 and a beta of 1.21. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.05 and a quick ratio of 0.74.

United Technologies (NYSE:UTX) last announced its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $2.20 EPS for the quarter, beating the Zacks’ consensus estimate of $2.04 by $0.16. United Technologies had a net margin of 7.13% and a return on equity of 16.81%. The firm had revenue of $19.63 billion for the quarter, compared to the consensus estimate of $19.58 billion. During the same period in the previous year, the firm posted $1.97 earnings per share. The firm’s revenue was up 17.5% on a year-over-year basis. As a group, equities research analysts forecast that United Technologies Co. will post 8.03 earnings per share for the current fiscal year.

UTX has been the subject of a number of analyst reports. Bank of America reissued a “buy” rating and set a $195.00 target price (up from $185.00) on shares of United Technologies in a research note on Thursday, July 25th. Credit Suisse Group began coverage on shares of United Technologies in a report on Thursday. They set an “outperform” rating and a $164.00 price target on the stock. Barclays boosted their price target on shares of United Technologies from $149.00 to $153.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Zacks Investment Research lowered shares of United Technologies from a “strong-buy” rating to a “hold” rating and set a $151.00 price target on the stock. in a report on Friday, July 19th. Finally, Cowen reaffirmed a “buy” rating and set a $150.00 price objective on shares of United Technologies in a research report on Wednesday, September 4th. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. United Technologies has a consensus rating of “Buy” and a consensus target price of $153.38.

In other United Technologies news, EVP Elizabeth B. Amato sold 4,113 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $137.18, for a total value of $564,221.34. Following the completion of the sale, the executive vice president now directly owns 31,501 shares of the company’s stock, valued at $4,321,307.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael R. Dumais sold 4,329 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $130.98, for a total transaction of $567,012.42. Following the completion of the sale, the executive vice president now directly owns 39,265 shares of the company’s stock, valued at $5,142,929.70. The disclosure for this sale can be found here. Insiders sold 103,123 shares of company stock valued at $13,787,015 over the last three months. Insiders own 0.15% of the company’s stock.

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

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