As United Technologies Corp (UTX) Market Valuation Declined, First Pacific Advisors LLC Increased by $3.70 Million Its Holding

April 21, 2018 - By Maria Brooks

United Technologies Corporation (NYSE:UTX) LogoInvestors sentiment decreased to 0.92 in 2017 Q4. Its down 0.13, from 1.05 in 2017Q3. It turned negative, as 58 investors sold UTX shares while 554 reduced holdings. 121 funds opened positions while 441 raised stakes. 624.06 million shares or 0.48% more from 621.08 million shares in 2017Q3 were reported. Moreover, Buckingham Asset Mgmt Ltd Liability Company has 0.23% invested in United Technologies Corporation (NYSE:UTX). Alpha Cubed Limited Liability has invested 2.21% in United Technologies Corporation (NYSE:UTX). Veritas Inv Llp reported 4,865 shares. Moreover, Glenmede Company Na has 0.34% invested in United Technologies Corporation (NYSE:UTX). West Oak Llc holds 0.36% or 4,612 shares. Michigan-based World Asset Management has invested 0.27% in United Technologies Corporation (NYSE:UTX). Bancorp Of Nova Scotia reported 321,188 shares. Rathbone Brothers Public Llc reported 0.07% stake. Cohen Lawrence B accumulated 20,887 shares. Pennsylvania-based Federated Pa has invested 0.02% in United Technologies Corporation (NYSE:UTX). Vantage Llc holds 8,739 shares or 1.01% of its portfolio. Private Wealth invested 1.19% of its portfolio in United Technologies Corporation (NYSE:UTX). Voya Management Lc reported 350,695 shares or 0.09% of all its holdings. Newfocus Fincl Gru Limited Com holds 14,904 shares or 1.16% of its portfolio. Diamond Hill Cap accumulated 3.78 million shares.

Since December 13, 2017, it had 0 insider buys, and 5 insider sales for $1.06 million activity. $546,600 worth of United Technologies Corporation (NYSE:UTX) shares were sold by Amato Elizabeth B.

Robert Rodriguez increased its stake in United Technologies Corp (UTX) by 0.56% based on its latest 2017Q4 regulatory filing with the SEC. First Pacific Advisors Llc bought 29,130 shares as the company’s stock declined 1.53% with the market. The hedge fund run by Robert Rodriguez held 5.27M shares of the aerospace company at the end of 2017Q4, valued at $672.31 million, up from 5.24 million at the end of the previous reported quarter. First Pacific Advisors Llc who had been investing in United Technologies Corp for a number of months, seems to be bullish on the $98.48 billion market cap company. The stock decreased 0.62% or $0.77 during the last trading session, reaching $123.08. About 5.38M shares traded or 4.24% up from the average. United Technologies Corporation (NYSE:UTX) has risen 12.03% since April 21, 2017 and is uptrending. It has outperformed by 0.48% the S&P500.

First Pacific Advisors Llc, which manages about $28.26B and $13.37 billion US Long portfolio, decreased its stake in American Express Company (NYSE:AXP) by 713,773 shares to 2.63 million shares, valued at $261.40M in 2017Q4, according to the filing. It also reduced its holding in Avnet Inc (NYSE:AVT) by 170,826 shares in the quarter, leaving it with 1.06M shares, and cut its stake in Qualcomm Inc (NASDAQ:QCOM).

United Technologies Corporation (NYSE:UTX) Ratings Coverage

Among 11 analysts covering United Technologies (NYSE:UTX), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. United Technologies has $167.0 highest and $124 lowest target. $150.88’s average target is 22.59% above currents $123.08 stock price. United Technologies had 20 analyst reports since October 25, 2017 according to SRatingsIntel. As per Wednesday, January 3, the company rating was upgraded by RBC Capital Markets. Stifel Nicolaus maintained the shares of UTX in report on Thursday, January 25 with “Hold” rating. The firm has “Overweight” rating given on Tuesday, December 5 by Atlantic Securities. The rating was maintained by RBC Capital Markets on Tuesday, January 23 with “Buy”. Goldman Sachs upgraded the stock to “Buy” rating in Monday, January 8 report. The company was maintained on Monday, January 22 by Cowen & Co. The stock of United Technologies Corporation (NYSE:UTX) has “Hold” rating given on Wednesday, October 25 by Stifel Nicolaus. The firm has “Outperform” rating by Robert W. Baird given on Friday, January 5. UBS initiated United Technologies Corporation (NYSE:UTX) on Tuesday, January 23 with “Buy” rating. UBS maintained the stock with “Buy” rating in Thursday, March 15 report.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

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