United Technologies Corporation (UTX) Holdings Lifted by Shelton Capital Management

Shelton Capital Management grew its holdings in shares of United Technologies Corporation (NYSE:UTX) by 36.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 69,983 shares of the conglomerate’s stock after buying an additional 18,828 shares during the quarter. Shelton Capital Management’s holdings in United Technologies Corporation were worth $7,853,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Swiss National Bank lifted its holdings in United Technologies Corporation by 25.2% during the first quarter. Swiss National Bank now owns 2,771,721 shares of the conglomerate’s stock worth $311,015,000 after buying an additional 557,300 shares during the period. American Century Companies Inc. lifted its holdings in United Technologies Corporation by 15.8% during the first quarter. American Century Companies Inc. now owns 3,430,061 shares of the conglomerate’s stock worth $384,887,000 after buying an additional 468,515 shares during the period. Karp Capital Management Corp purchased a new stake in United Technologies Corporation during the first quarter worth $40,211,000. UBS Asset Management Americas Inc. lifted its holdings in shares of United Technologies Corporation by 11.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 2,858,758 shares of the conglomerate’s stock valued at $320,781,000 after purchasing an additional 301,484 shares during the last quarter. Finally, Thomaspartners Inc. lifted its holdings in shares of United Technologies Corporation by 9.1% during the 1st quarter. Thomaspartners Inc. now owns 2,401,311 shares of the conglomerate’s stock valued at $269,451,000 after purchasing an additional 200,659 shares during the last quarter. 78.85% of the stock is currently owned by institutional investors.

A number of brokerages recently issued reports on UTX. UBS AG increased their price target on United Technologies Corporation to $135.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Jefferies Group LLC reaffirmed a “buy” rating on shares of United Technologies Corporation in a research report on Thursday, July 27th. Cowen and Company reaffirmed a “buy” rating and set a $127.00 price target on shares of United Technologies Corporation in a research report on Tuesday, September 5th. Credit Suisse Group restated a “neutral” rating on shares of United Technologies Corporation in a research report on Friday, September 1st. Finally, BidaskClub cut United Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Sixteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. United Technologies Corporation has an average rating of “Hold” and an average price target of $124.48.

COPYRIGHT VIOLATION WARNING: This news story was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of international copyright laws. The legal version of this news story can be read at https://www.truebluetribune.com/2017/09/17/shelton-capital-management-has-7-85-million-position-in-united-technologies-corporation-utx.html.

United Technologies Corporation (NYSE UTX) traded down 0.05% during trading on Friday, hitting $113.08. 6,529,563 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $115.87 and its 200 day moving average price is $117.52. The stock has a market cap of $90.33 billion, a P/E ratio of 17.22 and a beta of 1.05. United Technologies Corporation has a 12-month low of $97.62 and a 12-month high of $124.79.

United Technologies Corporation (NYSE:UTX) last issued its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.07. The business had revenue of $15.28 billion for the quarter, compared to the consensus estimate of $15.24 billion. United Technologies Corporation had a net margin of 9.15% and a return on equity of 18.07%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 EPS. Analysts anticipate that United Technologies Corporation will post $6.57 earnings per share for the current fiscal year.

United Technologies Corporation 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 Corporation (NYSE:UTX)

Receive News & Ratings for United Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Technologies Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply