Hengehold Capital Management LLC Has $264,000 Stock Position in United Technologies Co. (NYSE:UTX)

Hengehold Capital Management LLC boosted its position in shares of United Technologies Co. (NYSE:UTX) by 15.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,763 shares of the conglomerate’s stock after purchasing an additional 235 shares during the quarter. Hengehold Capital Management LLC’s holdings in United Technologies were worth $264,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Phocas Financial Corp. acquired a new position in United Technologies in the second quarter valued at approximately $25,000. Transamerica Financial Advisors Inc. acquired a new stake in United Technologies during the 2nd quarter worth $30,000. Accurate Investment Solutions Inc. acquired a new stake in United Technologies during the 4th quarter worth $30,000. Savior LLC acquired a new stake in United Technologies during the 4th quarter worth $32,000. Finally, American National Bank bought a new stake in shares of United Technologies during the 3rd quarter valued at $34,000. 80.91% of the stock is owned by hedge funds and other institutional investors.

In other United Technologies news, VP Robert J. Bailey sold 1,299 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $149.17, for a total value of $193,771.83. Following the completion of the transaction, the vice president now directly owns 2,600 shares of the company’s stock, valued at $387,842. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael R. Dumais sold 6,554 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $145.91, for a total value of $956,294.14. Following the completion of the transaction, the executive vice president now directly owns 37,173 shares of the company’s stock, valued at $5,423,912.43. The disclosure for this sale can be found here. Insiders have sold a total of 69,015 shares of company stock worth $10,163,321 in the last ninety days. 0.15% of the stock is currently owned by company insiders.

Shares of NYSE UTX traded down $0.83 during midday trading on Friday, reaching $152.97. 2,426,735 shares of the stock were exchanged, compared to its average volume of 2,619,403. The business has a 50-day simple moving average of $150.73 and a two-hundred day simple moving average of $140.08. The company has a market capitalization of $132.76 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 2.01 and a beta of 1.22. United Technologies Co. has a 12 month low of $113.77 and a 12 month high of $155.53. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.06 and a quick ratio of 0.75.

United Technologies (NYSE:UTX) last announced its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.18. The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.31 billion. United Technologies had a net margin of 6.72% and a return on equity of 16.81%. The firm’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.93 EPS. Equities research analysts expect that United Technologies Co. will post 8.13 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on UTX. JPMorgan Chase & Co. increased their price target on United Technologies from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. UBS Group lifted their price objective on United Technologies from $157.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Zacks Investment Research upgraded United Technologies from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Thursday, November 28th. Cowen reissued a “buy” rating and issued a $169.00 target price on shares of United Technologies in a research note on Wednesday. Finally, Credit Suisse Group set a $162.00 target price on United Technologies and gave the company a “buy” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. United Technologies has a consensus rating of “Buy” and a consensus target price of $160.79.

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.

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

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