United Technologies Corp (UTX) Shares Rose While State Street Corp Lowered Its Holding by $54.47 Million

February 15, 2018 - By Clifton Ray

Investors sentiment increased to 1.05 in 2017 Q3. Its up 0.10, from 0.95 in 2017Q2. It increased, as 63 investors sold UTX shares while 503 reduced holdings. 111 funds opened positions while 484 raised stakes. 621.08 million shares or 1.52% more from 611.76 million shares in 2017Q2 were reported. Tokio Marine Asset Management Limited accumulated 9,951 shares. North Star Asset Management Inc holds 0.2% or 16,850 shares in its portfolio. Kelly Lawrence W And Associates Ca invested 0.04% in United Technologies Corporation (NYSE:UTX). Moreover, Selway Asset Mgmt has 1.18% invested in United Technologies Corporation (NYSE:UTX). Rnc Cap Mngmt Limited Liability Corporation holds 5,696 shares or 0.05% of its portfolio. Royal Comml Bank Of Scotland Grp Inc Public Limited holds 0.21% or 7,261 shares. Zeke Cap Advsrs Ltd Liability accumulated 15,345 shares or 0.24% of the stock. Valley Natl Advisers owns 0.04% invested in United Technologies Corporation (NYSE:UTX) for 997 shares. Reynders Mcveigh Management Limited Liability Corp accumulated 24,266 shares. Contravisory Investment Inc owns 142 shares for 0.01% of their portfolio. Chemung Canal invested in 1.26% or 47,702 shares. Moreover, Victory Cap has 0.01% invested in United Technologies Corporation (NYSE:UTX). Croft reported 44,120 shares. Suvretta Ltd Liability Company holds 3.86% of its portfolio in United Technologies Corporation (NYSE:UTX) for 1.18 million shares. Segment Wealth Limited Liability Corporation invested in 0.06% or 2,039 shares.

Since December 13, 2017, it had 0 insider purchases, and 3 sales for $734,561 activity. Amato Elizabeth B sold $546,600 worth of stock or 4,341 shares.

State Street Corp decreased its stake in United Technologies Corp (UTX) by 0.51% based on its latest 2017Q3 regulatory filing with the SEC. State Street Corp sold 469,558 shares as the company’s stock rose 8.03% with the market. The institutional investor held 91.65M shares of the aerospace company at the end of 2017Q3, valued at $10.64 billion, down from 92.12M at the end of the previous reported quarter. State Street Corp who had been investing in United Technologies Corp for a number of months, seems to be less bullish one the $103.74 billion market cap company. The stock increased 2.94% or $3.71 during the last trading session, reaching $129.71. About 2.61 million shares traded. United Technologies Corporation (NYSE:UTX) has risen 22.99% since February 15, 2017 and is uptrending. It has outperformed by 6.29% the S&P500.

State Street Corp, which manages about $1158.96 billion US Long portfolio, upped its stake in Mgm Resorts International (NYSE:MGM) by 10.14 million shares to 19.08M shares, valued at $621.78 million in 2017Q3, according to the filing. It also increased its holding in Vistra Energy Corp by 194,280 shares in the quarter, for a total of 2.67M shares, and has risen its stake in Fortinet Inc (NASDAQ:FTNT).

More notable recent United Technologies Corporation (NYSE:UTX) news were published by: Nasdaq.com which released: “United Technologies Corporation (UTX) Ex-Dividend Date Scheduled for February …” on February 14, 2018, also Journalnow.com with their article: “United Technologies joins corporations with initial tax-rate cut hit; adjusted …” published on January 24, 2018, Seekingalpha.com published: “United Technologies: Headed Higher” on January 31, 2018. More interesting news about United Technologies Corporation (NYSE:UTX) were released by: Zacks.com and their article: “United Technologies’ Pratt Aims to Fix Airbus Engine Issue” published on February 13, 2018 as well as Seekingalpha.com‘s news article titled: “United Technologies: Easing Fears On Lifts And Gears Suggest A Long-Term Buy” with publication date: January 23, 2018.

United Technologies Corporation (NYSE:UTX) Ratings Coverage

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 11 have Buy rating, 0 Sell and 10 Hold. Therefore 52% are positive. United Technologies Corporation had 78 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Bernstein to “Mkt Perform” on Friday, January 8. UBS initiated the shares of UTX in report on Tuesday, January 23 with “Buy” rating. Deutsche Bank maintained it with “Hold” rating and $112 target in Monday, December 5 report. The firm has “Buy” rating by Argus Research given on Wednesday, July 22. Barclays Capital maintained the stock with “Equalweight” rating in Wednesday, July 27 report. The firm has “Hold” rating by RBC Capital Markets given on Friday, September 15. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, April 27. The firm has “Buy” rating by Jefferies given on Monday, August 24. Cowen & Co maintained the stock with “Hold” rating in Monday, January 22 report. The firm has “Neutral” rating by Goldman Sachs given on Monday, May 2.

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