First Merchants Corp Lifted Its Holding in United Technologies Corp Com (UTX) as Stock Price Rose

January 14, 2018 - By reb123z

Investors sentiment increased to 1.05 in Q3 2017. 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. The New York-based Joel Isaacson And Ltd has invested 0.08% in United Technologies Corporation (NYSE:UTX). Woodley Farra Manion Mngmt holds 1,855 shares. Connable Office Inc has 28,644 shares for 0.68% of their portfolio. Credit Agricole S A owns 1.02 million shares or 0.4% of their US portfolio. Stadion Money Limited Liability Corporation stated it has 0.06% in United Technologies Corporation (NYSE:UTX). Parsons Cap Management Incorporated Ri, Rhode Island-based fund reported 44,841 shares. Bright Rock Capital Management Ltd Co has 1.48% invested in United Technologies Corporation (NYSE:UTX) for 44,000 shares. Amarillo Bancshares invested in 2,116 shares. Lazard Asset Management Ltd Liability Com holds 0.8% in United Technologies Corporation (NYSE:UTX) or 3.46 million shares. United Kingdom-based Hsbc Holding Pcl has invested 0.28% in United Technologies Corporation (NYSE:UTX). Moreover, Btim Corp has 0.03% invested in United Technologies Corporation (NYSE:UTX). Mawer Inv Mgmt invested in 0.95% or 959,749 shares. Fifth Third Financial Bank reported 548,365 shares stake. Checchi Capital Advisers Limited Liability holds 0.08% or 6,539 shares in its portfolio. Franklin Resource Inc invested in 0.53% or 9.39M shares.

Since December 13, 2017, it had 0 insider purchases, and 3 insider sales for $734,561 activity. $546,600 worth of United Technologies Corporation (NYSE:UTX) shares were sold by Amato Elizabeth B.

First Merchants Corp increased its stake in United Technologies Corp Com (UTX) by 100.24% based on its latest 2017Q3 regulatory filing with the SEC. First Merchants Corp bought 37,973 shares as the company’s stock rose 8.03% with the market. The institutional investor held 75,854 shares of the aerospace company at the end of 2017Q3, valued at $8.81 million, up from 37,881 at the end of the previous reported quarter. First Merchants Corp who had been investing in United Technologies Corp Com for a number of months, seems to be bullish on the $109.07B market cap company. The stock increased 1.18% or $1.59 during the last trading session, reaching $136.58. About 5.21M shares traded or 67.82% up from the average. United Technologies Corporation (NYSE:UTX) has risen 22.99% since January 14, 2017 and is uptrending. It has outperformed by 6.29% the S&P500.

More notable recent United Technologies Corporation (NYSE:UTX) news were published by: Zacks.com which released: “United Technologies Moves a Step Closer to Rockwell Merger” on January 12, 2018, also Seekingalpha.com with their article: “Sand In My Shoes – Looking For Another Industrial” published on January 10, 2018, Reuters.com published: “United Technologies resolves US counterfeit parts probe for $1 million” on December 19, 2017. More interesting news about United Technologies Corporation (NYSE:UTX) were released by: Cnbc.com and their article: “United Technologies gains after RBC upgrades Dow member, predicts 25% 2018 rally” published on January 03, 2018 as well as Nasdaq.com‘s news article titled: “United Technologies (UTX) Remains Focused on Key Priorities” with publication date: December 28, 2017.

United Technologies Corporation (NYSE:UTX) Ratings Coverage

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 10 have Buy rating, 0 Sell and 11 Hold. Therefore 48% are positive. United Technologies Corporation had 71 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of United Technologies Corporation (NYSE:UTX) has “Buy” rating given on Wednesday, October 21 by Citigroup. On Tuesday, May 3 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. The firm has “Buy” rating by Citigroup given on Thursday, September 10. The stock of United Technologies Corporation (NYSE:UTX) has “Neutral” rating given on Thursday, October 8 by JP Morgan. Liberum Capital initiated the shares of UTX in report on Tuesday, December 1 with “Hold” rating. Cowen & Co maintained it with “Buy” rating and $12700 target in Tuesday, July 25 report. HSBC initiated United Technologies Corporation (NYSE:UTX) on Monday, June 12 with “Hold” rating. RBC Capital Markets downgraded United Technologies Corporation (NYSE:UTX) on Tuesday, October 13 to “Sector Perform” rating. The rating was downgraded by Sterne Agee CRT on Wednesday, January 6 to “Neutral”. The stock of United Technologies Corporation (NYSE:UTX) earned “Neutral” rating by Citigroup on Monday, October 10.

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