Latest Stocks: Foster & Motley Inc. Has $8.06 Million Stake in United Technologies Co. (UTX)

Latest Stocks: Foster & Motley Inc. Has $8.06 Million Stake in United Technologies Co. (UTX)

Foster & Motley Inc. lowered its stake in United Technologies Co. (NYSE:UTX) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,825 shares of the conglomerate’s stock after selling 355 shares during the period. United Technologies accounts for 1.5% of Foster & Motley Inc.’s portfolio, making the stock its 20th largest position. Foster & Motley Inc.’s holdings in United Technologies were worth $8,059,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Cable Hill Partners LLC boosted its position in shares of United Technologies by 79.2% in the third quarter. Cable Hill Partners LLC now owns 2,116 shares of the conglomerate’s stock worth $216,000 after buying an additional 935 shares in the last quarter. Viking Global Investors LP purchased a new position in shares of United Technologies during the fourth quarter worth about $59,353,000. Marshall & Sullivan Inc. WA boosted its position in shares of United Technologies by 0.6% in the fourth quarter. Marshall & Sullivan Inc. WA now owns 26,507 shares of the conglomerate’s stock worth $2,905,000 after buying an additional 150 shares in the last quarter. Quadrature Capital Ltd boosted its position in shares of United Technologies by 292.2% in the third quarter. Quadrature Capital Ltd now owns 144,305 shares of the conglomerate’s stock worth $14,660,000 after buying an additional 107,515 shares in the last quarter. Finally, Sullivan Bruyette Speros & Blaney LLC boosted its position in shares of United Technologies by 18.2% in the fourth quarter. Sullivan Bruyette Speros & Blaney LLC now owns 3,961 shares of the conglomerate’s stock worth $434,000 after buying an additional 609 shares in the last quarter. 79.89% of the stock is owned by institutional investors.

Shares of United Technologies Co. (NYSE UTX) opened at 120.98 on Tuesday. United Technologies Co. has a 1-year low of $96.89 and a 1-year high of $122.85. The company has a market capitalization of $96.93 billion, a PE ratio of 18.84 and a beta of 1.09. The stock’s 50 day moving average price is $119.55 and its 200-day moving average price is $113.12.

United Technologies (NYSE:UTX) last released its earnings results on Wednesday, April 26th. The conglomerate reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.09. United Technologies had a return on equity of 18.13% and a net margin of 8.83%. The firm had revenue of $13.82 billion for the quarter, compared to analysts’ expectations of $13.50 billion. During the same period in the prior year, the firm posted $1.47 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. On average, equities analysts predict that United Technologies Co. will post $6.58 EPS for the current year.

A number of equities analysts recently issued reports on UTX shares. Jefferies Group LLC reiterated a “buy” rating and issued a $126.00 target price on shares of United Technologies in a report on Monday, March 13th. Zacks Investment Research upgraded United Technologies from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a report on Tuesday, May 16th. Vetr cut United Technologies from a “buy” rating to a “hold” rating and set a $114.78 target price on the stock. in a report on Tuesday, February 21st. Royal Bank of Canada reiterated a “hold” rating and issued a $118.00 target price on shares of United Technologies in a report on Friday, March 24th. Finally, Deutsche Bank AG increased their target price on United Technologies from $115.00 to $120.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. United Technologies presently has a consensus rating of “Hold” and an average price target of $119.94. In other news, VP Robert J. Bailey sold 2,702 shares of the company’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $119.53, for a total transaction of $322,970.06. Following the transaction, the vice president now directly owns 5,000 shares of the company’s stock, valued at $597,650. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Philippe Delpech sold 7,696 shares of the company’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $120.32, for a total value of $925,982.72. Following the transaction, the insider now directly owns 63,621 shares in the company, valued at $7,654,878.72. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company’s stock.

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).

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