MML Investors Services LLC Purchases 6,315 Shares of United Technologies Co. (UTX)

MML Investors Services LLC lifted its position in shares of United Technologies Co. (NYSE:UTX) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,248 shares of the conglomerate’s stock after acquiring an additional 6,315 shares during the quarter. MML Investors Services LLC’s holdings in United Technologies were worth $15,360,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UTX. Squarepoint Ops LLC lifted its holdings in United Technologies by 2,667.4% during the 4th quarter. Squarepoint Ops LLC now owns 404,037 shares of the conglomerate’s stock worth $43,022,000 after buying an additional 389,437 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its holdings in United Technologies by 15.0% during the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 112,836 shares of the conglomerate’s stock worth $12,015,000 after buying an additional 14,736 shares during the period. Highbridge Capital Management LLC lifted its holdings in United Technologies by 88.5% during the 4th quarter. Highbridge Capital Management LLC now owns 67,500 shares of the conglomerate’s stock worth $7,187,000 after buying an additional 31,699 shares during the period. Suntrust Banks Inc. lifted its holdings in United Technologies by 12.9% during the 4th quarter. Suntrust Banks Inc. now owns 288,793 shares of the conglomerate’s stock worth $30,751,000 after buying an additional 33,002 shares during the period. Finally, First Commonwealth Financial Corp PA lifted its holdings in United Technologies by 24.8% during the 4th quarter. First Commonwealth Financial Corp PA now owns 6,538 shares of the conglomerate’s stock worth $696,000 after buying an additional 1,301 shares during the period. 80.84% of the stock is currently owned by institutional investors.

In related news, VP Akhil Johri sold 3,210 shares of the business’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $128.49, for a total value of $412,452.90. Following the completion of the sale, the vice president now directly owns 62,915 shares of the company’s stock, valued at approximately $8,083,948.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael R. Dumais sold 9,620 shares of the business’s stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $119.12, for a total value of $1,145,934.40. Following the completion of the sale, the executive vice president now directly owns 35,627 shares of the company’s stock, valued at $4,243,888.24. The disclosure for this sale can be found here. Insiders sold a total of 97,770 shares of company stock valued at $12,153,044 over the last ninety days. 0.15% of the stock is currently owned by corporate insiders.

A number of research analysts have recently issued reports on UTX shares. Zacks Investment Research raised United Technologies from a “hold” rating to a “buy” rating and set a $141.00 price objective on the stock in a research note on Wednesday, March 27th. JPMorgan Chase & Co. started coverage on United Technologies in a research note on Friday, February 22nd. They issued an “overweight” rating and a $132.00 price objective on the stock. Royal Bank of Canada boosted their price objective on United Technologies to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, January 24th. Barclays dropped their price objective on United Technologies from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, January 11th. Finally, Citigroup reissued a “neutral” rating and issued a $120.00 price objective (down from $125.00) on shares of United Technologies in a research note on Thursday, January 3rd. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $144.00.

Shares of United Technologies stock opened at $137.00 on Friday. United Technologies Co. has a one year low of $100.48 and a one year high of $144.15. The stock has a market capitalization of $118.14 billion, a P/E ratio of 18.00, a PEG ratio of 1.93 and a beta of 1.20. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.13 and a quick ratio of 0.81.

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

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About United Technologies

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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