Advisor Group Inc. Has $11.32 Million Position in United Technologies Co. (NYSE:UTX)

Advisor Group Inc. raised its stake in shares of United Technologies Co. (NYSE:UTX) by 13.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,220 shares of the conglomerate’s stock after acquiring an additional 12,207 shares during the period. Advisor Group Inc.’s holdings in United Technologies were worth $11,317,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Point View Wealth Management Inc. lifted its holdings in United Technologies by 2.4% in the fourth quarter. Point View Wealth Management Inc. now owns 3,600 shares of the conglomerate’s stock valued at $383,000 after acquiring an additional 85 shares during the period. Newman Dignan & Sheerar Inc. lifted its holdings in United Technologies by 1.1% in the fourth quarter. Newman Dignan & Sheerar Inc. now owns 8,234 shares of the conglomerate’s stock valued at $877,000 after acquiring an additional 86 shares during the period. Cim LLC lifted its holdings in United Technologies by 4.0% in the fourth quarter. Cim LLC now owns 2,280 shares of the conglomerate’s stock valued at $243,000 after acquiring an additional 87 shares during the period. Pineno Levin & Ford Asset Management Inc. lifted its holdings in United Technologies by 2.0% in the fourth quarter. Pineno Levin & Ford Asset Management Inc. now owns 4,794 shares of the conglomerate’s stock valued at $510,000 after acquiring an additional 93 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings in United Technologies by 3.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,221 shares of the conglomerate’s stock valued at $343,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 80.83% of the company’s stock.

In other United Technologies news, EVP Michael R. Dumais sold 9,620 shares of United Technologies stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $119.12, for a total transaction 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 approximately $4,243,888.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Charles D. Gill sold 12,842 shares of United Technologies stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $123.67, for a total value of $1,588,170.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,770 shares of company stock valued at $12,153,044. 0.15% of the stock is currently owned by corporate insiders.

A number of brokerages have commented on UTX. Zacks Investment Research upgraded United Technologies from a “sell” rating to a “hold” rating in a research report on Friday. Bank of America restated a “buy” rating and issued a $185.00 price target on shares of United Technologies in a research report on Thursday, January 24th. Goldman Sachs Group upgraded United Technologies from a “buy” rating to a “conviction-buy” rating and set a $153.00 price target for the company in a research report on Friday, February 1st. Barclays upped their price target on United Technologies from $142.00 to $149.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $159.00 price target on shares of United Technologies in a research report on Wednesday. Five investment 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 stock. The stock presently has a consensus rating of “Buy” and an average price target of $148.67.

Shares of UTX stock traded up $1.05 on Friday, reaching $140.78. 1,809,447 shares of the company’s stock were exchanged, compared to its average volume of 4,116,314. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.81 and a current ratio of 1.13. The firm has a market capitalization of $120.63 billion, a P/E ratio of 18.50, a P/E/G ratio of 2.01 and a beta of 1.20. United Technologies Co. has a 52 week low of $100.48 and a 52 week high of $144.15.

United Technologies (NYSE:UTX) last issued its earnings results on Tuesday, April 23rd. The conglomerate reported $1.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.20. The business had revenue of $18.37 billion during the quarter, compared to analyst estimates of $18.01 billion. United Technologies had a return on equity of 17.02% and a net margin of 7.64%. United Technologies’s revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.77 EPS. As a group, sell-side analysts forecast that United Technologies Co. will post 7.92 EPS for the current 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.

Further Reading: Are sell-side analysts objective?

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

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