United Technologies Corp (UTX) Holder Sumitomo Mitsui Trust Holdings INC Has Decreased Position by $19.84 Million

December 8, 2017 - By Peter Erickson

Investors sentiment decreased to 0.95 in Q2 2017. Its down 0.03, from 0.98 in 2017Q1. It is negative, as 39 investors sold UTX shares while 553 reduced holdings. 112 funds opened positions while 451 raised stakes. 611.76 million shares or 0.92% less from 617.43 million shares in 2017Q1 were reported. 30,507 are owned by Northstar Asset Management Limited Liability. Capital Invest Advisors Limited Liability Com accumulated 30,024 shares or 0.26% of the stock. Pictet Asset Ltd stated it has 471,701 shares. Seaward Mgmt Lp has invested 2.06% in United Technologies Corporation (NYSE:UTX). Citadel Advsrs Llc holds 0.29% in United Technologies Corporation (NYSE:UTX) or 2.81M shares. North Star Asset Management holds 0.16% or 12,740 shares. Nelson Roberts Invest Advsrs Limited Co stated it has 1.77% of its portfolio in United Technologies Corporation (NYSE:UTX). Ig Management Ltd has invested 0.5% in United Technologies Corporation (NYSE:UTX). Papp L Roy And Associate holds 0.96% or 36,476 shares. Osborne Prtnrs Mgmt Ltd has invested 0.88% in United Technologies Corporation (NYSE:UTX). Foyston Gordon Payne Inc stated it has 123,886 shares or 3.26% of all its holdings. Forward Management Ltd has 0.13% invested in United Technologies Corporation (NYSE:UTX) for 12,492 shares. Moreover, Intrust Bancorp Na has 0.09% invested in United Technologies Corporation (NYSE:UTX) for 2,119 shares. Td Asset holds 0.31% or 1.59M shares. South State reported 1% of its portfolio in United Technologies Corporation (NYSE:UTX).

Sumitomo Mitsui Trust Holdings Inc decreased its stake in United Technologies Corp (UTX) by 6.55% based on its latest 2017Q2 regulatory filing with the SEC. Sumitomo Mitsui Trust Holdings Inc sold 162,588 shares as the company’s stock rose 8.03% with the market. The institutional investor held 2.32M shares of the aerospace company at the end of 2017Q2, valued at $283.45M, down from 2.48 million at the end of the previous reported quarter. Sumitomo Mitsui Trust Holdings Inc who had been investing in United Technologies Corp for a number of months, seems to be less bullish one the $97.75 billion market cap company. The stock increased 0.99% or $1.2 during the last trading session, reaching $122.4. About 3.61 million shares traded or 14.08% up from the average. United Technologies Corporation (NYSE:UTX) has risen 22.99% since December 8, 2016 and is uptrending. It has outperformed by 6.29% the S&P500.

Sumitomo Mitsui Trust Holdings Inc, which manages about $68.16B US Long portfolio, upped its stake in Red Hat Inc (NYSE:RHT) by 86,292 shares to 576,206 shares, valued at $55.17M in 2017Q2, according to the filing. It also increased its holding in Republic Services Inc (NYSE:RSG) by 67,480 shares in the quarter, for a total of 935,467 shares, and has risen its stake in Cboe Holdings Inc (NASDAQ:CBOE).

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on January, 24. They expect $1.56 EPS, 0.00 % or $0.00 from last year’s $1.56 per share. UTX’s profit will be $1.25B for 19.62 P/E if the $1.56 EPS becomes a reality. After $1.73 actual EPS reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts -9.83 % negative EPS growth.

More recent United Technologies Corporation (NYSE:UTX) news were published by: Fool.com which released: “What to Expect From United Technologies in 2018” on December 04, 2017. Also Nasdaq.com published the news titled: “United Technologies Corporation (UTX) Ex-Dividend Date Scheduled for November …” on November 15, 2017. Prnewswire.com‘s news article titled: “Paul Eremenko Joins United Technologies Corporation as Chief Technology Officer” with publication date: November 30, 2017 was also an interesting one.

United Technologies Corporation (NYSE:UTX) Ratings Coverage

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 7 have Buy rating, 0 Sell and 14 Hold. Therefore 33% are positive. United Technologies Corporation had 67 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, October 6, the company rating was upgraded by Numis Securities. Credit Suisse maintained it with “Neutral” rating and $108 target in Monday, November 16 report. The company was maintained on Tuesday, October 3 by Jefferies. Citigroup downgraded the shares of UTX in report on Monday, October 10 to “Neutral” rating. The stock has “Hold” rating by Stifel Nicolaus on Friday, January 27. As per Monday, December 5, the company rating was maintained by Deutsche Bank. The company was maintained on Wednesday, October 25 by Stifel Nicolaus. Atlantic Securities upgraded the shares of UTX in report on Tuesday, December 5 to “Overweight” rating. The firm has “Hold” rating by Stifel Nicolaus given on Friday, July 7. On Friday, November 10 the stock rating was maintained by RBC Capital Markets with “Hold”.

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