Sequoia Financial Advisors LLC decreased its position in United Technologies Co. (NYSE:UTX) by 2.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,571 shares of the conglomerate’s stock after selling 560 shares during the period. Sequoia Financial Advisors LLC’s holdings in United Technologies were worth $2,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of the stock. Orser Capital Management LLC grew its position in United Technologies by 81.3% during the 4th quarter. Orser Capital Management LLC now owns 2,029 shares of the conglomerate’s stock worth $304,000 after purchasing an additional 910 shares during the period. Savior LLC acquired a new stake in United Technologies during the 4th quarter worth about $32,000. Weatherly Asset Management L. P. grew its position in United Technologies by 2.4% during the 4th quarter. Weatherly Asset Management L. P. now owns 3,268 shares of the conglomerate’s stock worth $489,000 after purchasing an additional 78 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in United Technologies during the 4th quarter worth about $2,022,000. Finally, Segment Wealth Management LLC grew its position in United Technologies by 30.8% during the 4th quarter. Segment Wealth Management LLC now owns 2,921 shares of the conglomerate’s stock worth $438,000 after purchasing an additional 687 shares during the period. Institutional investors own 81.71% of the company’s stock.
UTX stock traded down $0.10 during trading on Friday, hitting $60.00. The stock had a trading volume of 6,502,019 shares, compared to its average volume of 7,298,222. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.08 and a quick ratio of 0.77. United Technologies Co. has a twelve month low of $69.02 and a twelve month high of $158.44. The stock has a market capitalization of $52.06 billion, a P/E ratio of 9.36, a PEG ratio of 1.38 and a beta of 1.42. The company’s 50-day moving average price is $61.90 and its two-hundred day moving average price is $121.09.
Several equities research analysts have weighed in on the company. Credit Suisse Group cut their price target on United Technologies from $177.00 to $172.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. They noted that the move was a valuation call. Cowen reaffirmed an “outperform” rating and set a $150.00 price target (down from $169.00) on shares of United Technologies in a research report on Thursday, March 5th. Benchmark started coverage on United Technologies in a research report on Friday, January 31st. They set a “buy” rating and a $186.00 price target on the stock. Barclays restated a “buy” rating and set a $150.00 target price on shares of United Technologies in a research report on Friday, March 13th. Finally, ValuEngine upgraded United Technologies from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $163.00.
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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