Suvretta Capital Management LLC Increased Holding in United Technologies Corp (UTX) by $81.28 Million as Shares Declined

June 13, 2018 - By Clifton Ray

United Technologies Corporation (NYSE:UTX) LogoInvestors sentiment increased to 0.94 in 2018 Q1. Its up 0.02, from 0.92 in 2017Q4. It is positive, as 62 investors sold UTX shares while 542 reduced holdings. 98 funds opened positions while 467 raised stakes. 630.65 million shares or 1.06% more from 624.06 million shares in 2017Q4 were reported. Guardian Life Insurance Communications Of America accumulated 1,709 shares. 59,267 were reported by Richard Bernstein Advisors Limited Liability Company. Pineno Levin And Ford Asset Mngmt reported 0.25% in United Technologies Corporation (NYSE:UTX). Hudock Capital Group Incorporated Limited Company has 3,174 shares for 0.17% of their portfolio. Utah Retirement System holds 0.37% or 139,055 shares in its portfolio. California State Teachers Retirement owns 1.37 million shares. 2,450 were reported by Loeb Prns. Professional Advisory Services Inc has invested 2.97% of its portfolio in United Technologies Corporation (NYSE:UTX). Jarislowsky Fraser holds 2,204 shares. King Wealth stated it has 0.14% of its portfolio in United Technologies Corporation (NYSE:UTX). Stratos Wealth Prns Limited invested in 0.24% or 44,450 shares. Natixis Advsrs Lp reported 177,103 shares or 0.22% of all its holdings. Modera Wealth Llc reported 1,660 shares. 65,987 are held by Markston Intl Ltd Limited Liability Company. Ibm Retirement Fund holds 17,977 shares or 0.42% of its portfolio.

Since December 13, 2017, it had 1 buying transaction, and 5 selling transactions for $2.57 million activity. $108,873 worth of United Technologies Corporation (NYSE:UTX) was sold by Bailey Robert J.. $803,037 worth of United Technologies Corporation (NYSE:UTX) was sold by JOHRI AKHIL on Tuesday, May 22. $1.28 million worth of United Technologies Corporation (NYSE:UTX) was sold by MCDONOUGH ROBERT J. Gill Charles D had sold 9,700 shares worth $1.25 million. Amato Elizabeth B had sold 4,341 shares worth $546,600 on Friday, December 15.

Aaron Cowen increased its stake in United Technologies Corp (UTX) by 32.46% based on its latest 2018Q1 regulatory filing with the SEC. Suvretta Capital Management Llc bought 650,240 shares as the company’s stock declined 6.23% with the market. The hedge fund run by Aaron Cowen held 2.65 million shares of the aerospace company at the end of 2018Q1, valued at $333.85M, up from 2.00M at the end of the previous reported quarter. Suvretta Capital Management Llc who had been investing in United Technologies Corp for a number of months, seems to be bullish on the $101.82 billion market cap company. The stock decreased 0.46% or $0.59 during the last trading session, reaching $127.26. About 1.31M shares traded. United Technologies Corporation (NYSE:UTX) has risen 3.91% since June 13, 2017 and is uptrending. It has underperformed by 8.66% the S&P500.

Suvretta Capital Management Llc, which manages about $998.31M and $3.96B US Long portfolio, decreased its stake in Dowdupont Inc (Call) by 2.46 million shares to 500,000 shares, valued at $31.86 million in 2018Q1, according to the filing. It also reduced its holding in Salesforce Com Inc (NYSE:CRM) by 130,239 shares in the quarter, leaving it with 3.42 million shares, and cut its stake in Restaurant Brands Intl Inc.

More notable recent United Technologies Corporation (NYSE:UTX) news were published by: Fool.com which released: “Boeing Continues Assault on Supplier Base With New JV” on June 09, 2018, also Seekingalpha.com with their article: “You’re Better Off Sitting On The Sidelines In The United Technologies And Rockwell Collins Deal” published on June 05, 2018, Investorplace.com published: “Despite Some Support, General Electric Company Stock Still Isn’t a Buy” on June 12, 2018. More interesting news about United Technologies Corporation (NYSE:UTX) were released by: Globenewswire.com and their article: “P&WC Now Providing its Proactive Help Desk Digital Engine Service to Nearly 3000 PW300 Engines” published on June 12, 2018 as well as Seekingalpha.com‘s news article titled: “Cisco Is A High Quality Stock – Cramer’s Lightning Round (6/8/18)” with publication date: June 11, 2018.

United Technologies Corporation (NYSE:UTX) Ratings Coverage

Among 11 analysts covering United Technologies Corp (NYSE:UTX), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. United Technologies Corp had 19 analyst reports since January 3, 2018 according to SRatingsIntel. The firm has “Hold” rating by Cowen & Co given on Monday, January 22. The firm earned “Buy” rating on Thursday, March 15 by UBS. The stock of United Technologies Corporation (NYSE:UTX) earned “Overweight” rating by Barclays Capital on Monday, February 26. Jefferies maintained the stock with “Buy” rating in Monday, January 8 report. The stock of United Technologies Corporation (NYSE:UTX) has “Buy” rating given on Thursday, January 25 by Jefferies. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, April 24. As per Tuesday, April 3, the company rating was maintained by Stifel Nicolaus. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, January 23 report. The stock of United Technologies Corporation (NYSE:UTX) earned “Buy” rating by UBS on Tuesday, January 23. Argus Research upgraded the stock to “Buy” rating in Friday, February 9 report.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

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