United Technologies Co. (UTX) Shares Bought by Teacher Retirement System of Texas
Teacher Retirement System of Texas grew its holdings in shares of United Technologies Co. (NYSE:UTX) by 36.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 320,236 shares of the conglomerate’s stock after buying an additional 84,757 shares during the period. Teacher Retirement System of Texas’ holdings in United Technologies were worth $37,173,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of UTX. Knowledge Leaders Capital LLC bought a new stake in shares of United Technologies during the third quarter valued at approximately $105,000. Tortoise Investment Management LLC boosted its position in shares of United Technologies by 5.3% during the second quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock valued at $117,000 after purchasing an additional 48 shares in the last quarter. Seven Bridges Advisors LLC bought a new stake in shares of United Technologies during the second quarter valued at approximately $120,000. Thompson Davis & CO. Inc. boosted its position in shares of United Technologies by 750.4% during the third quarter. Thompson Davis & CO. Inc. now owns 1,080 shares of the conglomerate’s stock valued at $125,000 after purchasing an additional 953 shares in the last quarter. Finally, Winfield Associates Inc. boosted its position in shares of United Technologies by 2.9% during the second quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock valued at $126,000 after purchasing an additional 29 shares in the last quarter. 80.07% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on UTX shares. Royal Bank of Canada restated a “hold” rating and set a $126.00 price target on shares of United Technologies in a research report on Tuesday, October 10th. Zacks Investment Research lowered United Technologies from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Cowen restated a “hold” rating and set a $120.00 price target on shares of United Technologies in a research report on Tuesday, October 24th. Stifel Nicolaus lifted their price target on United Technologies from $122.00 to $124.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, Atlantic Securities upgraded United Technologies from a “neutral” rating to an “overweight” rating in a research report on Tuesday, December 5th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $125.63.
United Technologies (NYSE:UTX) last released its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.05. United Technologies had a return on equity of 17.66% and a net margin of 8.79%. The business had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the previous year, the company posted $1.76 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. sell-side analysts anticipate that United Technologies Co. will post 6.61 EPS for the current fiscal year.
In other news, VP Robert J. Bailey sold 827 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $118.06, for a total transaction of $97,635.62. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Elizabeth B. Amato sold 4,341 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $125.92, for a total value of $546,618.72. Following the transaction, the executive vice president now directly owns 29,122 shares in the company, valued at $3,667,042.24. The disclosure for this sale can be found here. Insiders sold 16,466 shares of company stock worth $2,019,274 over the last three months. Corporate insiders own 0.16% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at https://www.thecerbatgem.com/2018/01/14/united-technologies-co-utx-shares-bought-by-teacher-retirement-system-of-texas.html.
United Technologies Profile
United Technologies Corporation is engaged in providing high technology products and services to the building systems and aerospace industries around the world. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. Otis operates as an elevator and escalator manufacturing, installation and service company.
Want to see what other hedge funds are holding UTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Technologies Co. (NYSE:UTX).
Receive News & Stock Ratings for United Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Technologies and related stocks with our FREE daily email newsletter.