United Technologies Co. (UTX) Position Lifted by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. lifted its position in United Technologies Co. (NYSE:UTX) by 6.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 96,000 shares of the conglomerate’s stock after purchasing an additional 5,929 shares during the quarter. United Technologies comprises approximately 1.2% of Lee Danner & Bass Inc.’s portfolio, making the stock its 19th largest holding. Lee Danner & Bass Inc.’s holdings in United Technologies were worth $11,144,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. PGGM Investments boosted its position in United Technologies by 52.4% during the second quarter. PGGM Investments now owns 749,206 shares of the conglomerate’s stock valued at $91,486,000 after buying an additional 257,582 shares during the period. Connecticut Wealth Management LLC boosted its holdings 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. Russell Investments Group Ltd. boosted its holdings in shares of United Technologies by 0.6% during the second quarter. Russell Investments Group Ltd. now owns 1,695,965 shares of the conglomerate’s stock worth $207,154,000 after purchasing an additional 9,664 shares during the period. Pacer Advisors Inc. boosted its holdings 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. Finally, Delaney Dennis R boosted its holdings in shares of United Technologies by 28.4% during the second quarter. Delaney Dennis R now owns 4,855 shares of the conglomerate’s stock worth $593,000 after purchasing an additional 1,075 shares during the period. 80.07% of the stock is currently owned by hedge funds and other institutional investors.

UTX has been the subject of a number of analyst reports. Royal Bank of Canada reiterated a “hold” rating and set a $126.00 target price on shares of United Technologies in a report on Tuesday, October 10th. Zacks Investment Research downgraded shares of United Technologies from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Cowen reissued a “hold” rating and issued a $120.00 price target on shares of United Technologies in a research note on Tuesday, October 24th. Stifel Nicolaus raised their target price on shares of United Technologies from $122.00 to $124.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Finally, Atlantic Securities raised shares of United Technologies from a “neutral” rating to an “overweight” rating in a research note on Tuesday, December 5th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $125.63.

Shares of United Technologies Co. (NYSE UTX) opened at $136.58 on Friday. The company has a market cap of $109,070.00, a price-to-earnings ratio of 21.14, a PEG ratio of 2.34 and a beta of 1.07. United Technologies Co. has a 52-week low of $106.85 and a 52-week high of $136.58. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.31.

United Technologies (NYSE:UTX) last announced its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.05. The firm had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. United Technologies had a net margin of 8.79% and a return on equity of 17.66%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $1.76 EPS. analysts anticipate that United Technologies Co. will post 6.61 earnings per share for the current fiscal year.

In related news, VP Akhil Johri sold 5,979 shares of United Technologies stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $121.03, for a total transaction of $723,638.37. Following the completion of the transaction, the vice president now directly owns 23,295 shares of the company’s stock, valued at approximately $2,819,393.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Robert J. Bailey sold 864 shares of United Technologies stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $126.01, for a total transaction of $108,872.64. Following the transaction, the vice president now directly owns 2,000 shares of the company’s stock, valued at $252,020. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,466 shares of company stock worth $2,019,274. 0.16% of the stock is currently owned by insiders.

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United Technologies Company 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.

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

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