United Technologies (UTX) Earning Somewhat Favorable Press Coverage, Accern Reports

Lloyd Doyle
January 13, 2018

The institutional investor held 13,958 shares of the aerospace company at the end of 2017Q3, valued at $1.62 million, up from 3,068 at the end of the previous reported quarter. Mawer Investment Management Ltd who had been investing in United Technologies Corp for a number of months, seems to be bullish on the $108.12B market cap company. The stock increased 0.80% or $2.11 during the last trading session, reaching $265.21. About 4.80M shares traded or 56.58% up from the average.

United Technologies Corporation (NYSE:UTX) last posted its quarterly earnings results on Wednesday, January 25th. It has outperformed by 6.29% the S&P500.

Intersect Capital Llc increased its stake in Intl Paper Co (IP) by 34.03% based on its latest 2017Q3 regulatory filing with the SEC. Connecticut Wealth Management LLC now owns 11,966 shares of the conglomerate's stock valued at $1,473,000 after buying an additional 1,098 shares during the period. The institutional investor held 45,070 shares of the aerospace company at the end of 2017Q3, valued at $5.33 million, up from 10,420 at the end of the previous reported quarter. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Statoil ASA (NYSE:STO) has risen 12.95% since January 12, 2017 and is uptrending. Citigroup Inc. downgraded shares of United Technologies Corporation from a "buy" rating to a "neutral" rating and increased their target price for the company from $99.20 to $100.58 in a research report on Monday, October 10th.

A number of research analysts recently issued reports on the stock. Seaport Global Securities downgraded FMC Corporation (NYSE:FMC) on Monday, January 23 to "Neutral" rating. The company presently has a consensus rating of "Hold" and a consensus target price of $114.62. The firm has "Buy" rating by Goldman Sachs given on Monday, January 8. The firm has "Sector Perform" rating by RBC Capital Markets given on Tuesday, May 3. The stock has "Neutral" rating by Sterne Agee CRT on Tuesday, August 25. The company was upgraded on Tuesday, July 21 by S&P Research. The company was maintained on Thursday, November 9 by Morgan Stanley. Deutsche Bank maintained it with "Buy" rating and $1192 target in Tuesday, October 24 report.

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.01, from 1.22 in 2017Q2. 77 funds opened positions while 141 raised stakes. Swiss National Bank holds 0.07% of its portfolio in Apache Corporation (NYSE:APA) for 1.40M shares. Gateway Advisers Limited Com holds 9,181 shares or 0.01% of its portfolio. First Limited Partnership reported 381,306 shares. Natl Asset Inc holds 16,026 shares. Eagle Ridge Management reported 51,712 shares. Regentatlantic Capital Limited Liability Corp reported 32,561 shares. Lazard Asset Management Lc, a New York-based fund reported 5,394 shares. Moreover, New Mexico Educational Retirement Board has 0.05% invested in FMC Corporation (NYSE:FMC). Amf Pensionsforsakring Ab has invested 0.66% in International Paper Company (NYSE:IP). Jolley Asset Mgmt Ltd Liability Corporation has 0.07% invested in United Technologies Corporation (NYSE:UTX) for 908 shares. Further, company shares have been seen trading -0.59% off of the 52 week high and 26.34% away from the 52 week low. Hbk Sorce Advisory Ltd reported 0.07% in The Sherwin-Williams Company (NYSE:SHW). State Treasurer State Of Michigan owns 322,485 shares or 0.14% of their USA portfolio. Fulton Breakefield Broenniman Lc stated it has 57,508 shares or 1.16% of all its holdings.

Analysts await Humana Inc. During the same period in the prior year, the business posted $1.37 earnings per share. HUM's profit will be $279.15M for 33.15 P/E if the $2.00 EPS becomes a reality. Mason Street Advisors LLC purchased a new stake in United Technologies Corporation during the second quarter valued at approximately $10,750,000.


Since December 13, 2017, it had 0 buys, and 3 sales for $734,561 activity.

In related news, VP Akhil Johri sold 5,979 shares of the business's stock in a transaction that occurred on Friday, December 1st. 8,000 are held by Platinum Invest Mngmt. Therefore 48% are positive. United Technologies's quarterly revenue was up 4.9% on a year-over-year basis. research analysts anticipate that United Technologies Co. will post 6.61 EPS for the current year. Hendershot Invests Inc has 2.19% invested in United Technologies Corporation (NYSE:UTX). The firm earned "Buy" rating on Friday, July 24 by Monness Crespi & Hardt. The firm has "Hold" rating given on Wednesday, September 6 by Deutsche Bank. Moneta Grp Inc Investment Advsr Limited Liability Com invested 0.03% of its portfolio in United Technologies Corporation (NYSE:UTX). As per Friday, July 7, the company rating was maintained by RBC Capital Markets. The stock of United Technologies Corporation (NYSE:UTX) has "Hold" rating given on Tuesday, December 1 by Liberum Capital. Finally, Zacks Investment Research raised United Technologies from a "sell" rating to a "hold" rating in a research report on Thursday, October 26th. The firm earned "Buy" rating on Thursday, January 28 by Argus Research.

Investors sentiment increased to 1.05 in 2017 Q3. Its up 0.31, from 0.74 in 2017Q2.

Several other large investors have also bought and sold shares of UTX. 111 funds opened positions while 484 raised stakes. The conglomerate reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.05. Washington Trust Commercial Bank has 1,425 shares for 0.01% of their portfolio.

WARNING: "Meeder Asset Management Inc". Community Bank Na invested in 0.03% or 5,114 shares. 4,200 are held by Highvista Strategies Ltd Limited Liability Company. Cambridge invested in 14,429 shares. The Massachusetts-based Eaton Vance Mngmt has invested 0.54% in United Technologies Corporation (NYSE:UTX). 29,581 are owned by Fagan Assocs. Northside Capital Ltd Liability Corporation reported 3,428 shares. Livforsakringsbolaget Skandia Omsesidigt holds 0.69% or 65,924 shares.

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