Family Management Corp bought a new position in shares of United Technologies Co. (NYSE:UTX) during the third quarter, HoldingsChannel reports. The fund bought 29,105 shares of the conglomerate’s stock, valued at approximately $3,379,000. United Technologies accounts for 2.3% of Family Management Corp’s investment portfolio, making the stock its 24th largest holding.

Other large investors have also recently modified their holdings of the company. Connecticut Wealth Management LLC raised its position in shares of United Technologies by 10.1% during the second quarter. Connecticut Wealth Management LLC now owns 11,966 shares of the conglomerate’s stock worth $1,473,000 after purchasing an additional 1,098 shares during the period. Pacer Advisors Inc. raised its position in shares of United Technologies by 8.4% during the second quarter. Pacer Advisors Inc. now owns 18,682 shares of the conglomerate’s stock worth $2,281,000 after purchasing an additional 1,447 shares during the period. Stoneridge Investment Partners LLC raised its position in shares of United Technologies by 755.1% during the second quarter. Stoneridge Investment Partners LLC now owns 33,178 shares of the conglomerate’s stock worth $4,051,000 after purchasing an additional 29,298 shares during the period. Federated Investors Inc. PA raised its position in shares of United Technologies by 22.2% during the second quarter. Federated Investors Inc. PA now owns 65,214 shares of the conglomerate’s stock worth $7,963,000 after purchasing an additional 11,851 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in shares of United Technologies by 136.2% during the second quarter. Canada Pension Plan Investment Board now owns 340,295 shares of the conglomerate’s stock worth $41,553,000 after purchasing an additional 196,200 shares during the period. 80.09% of the stock is currently owned by institutional investors.

In other news, EVP Michael R. Dumais sold 2,986 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $120.98, for a total transaction of $361,246.28. Following the completion of the sale, the executive vice president now directly owns 27,548 shares of the company’s stock, valued at approximately $3,332,757.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Akhil Johri sold 5,979 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $121.03, for a total value of $723,638.37. Following the sale, the vice president now directly owns 23,295 shares of the company’s stock, valued at $2,819,393.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,466 shares of company stock valued at $2,019,274. Insiders own 0.16% of the company’s stock.

A number of brokerages have recently weighed in on UTX. Cowen reaffirmed a “hold” rating and set a $141.00 target price on shares of United Technologies in a research report on Thursday, January 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $146.00 target price (up from $124.00) on shares of United Technologies in a research report on Thursday, January 25th. Zacks Investment Research lowered United Technologies from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. UBS Group assumed coverage on United Technologies in a research report on Tuesday, January 23rd. They issued a “buy” rating and a $158.00 price target for the company. Finally, Goldman Sachs Group raised United Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. United Technologies currently has an average rating of “Hold” and an average price target of $134.86.

Shares of United Technologies Co. (NYSE:UTX) opened at $136.67 on Tuesday. The company has a market capitalization of $109,140.00, a price-to-earnings ratio of 23.98, a P/E/G ratio of 2.35 and a beta of 1.07. United Technologies Co. has a 12-month low of $106.85 and a 12-month high of $139.24. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.35 and a quick ratio of 0.94.

United Technologies (NYSE:UTX) last released its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.04. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The business had revenue of $15.68 billion during the quarter, compared to analyst estimates of $15.34 billion. During the same period in the prior year, the firm posted $1.56 EPS. United Technologies’s quarterly revenue was up 7.0% compared to the same quarter last year. equities analysts anticipate that United Technologies Co. will post 7.01 earnings per share for the current fiscal year.

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United Technologies Profile

United Technologies Corporation is engaged in providing high technology products and services to the building systems and aerospace industries around the world. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. Otis operates as an elevator and escalator manufacturing, installation and service company.

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Institutional Ownership by Quarter for United Technologies (NYSE:UTX)

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