United Technologies Corp (UTX) Holder State Street Corp Has Cut Its Holding by $54.47 Million

February 15, 2018 - By Maria Brooks

Investors sentiment increased to 1.05 in Q3 2017. Its up 0.10, from 0.95 in 2017Q2. It improved, as 63 investors sold UTX shares while 503 reduced holdings. 111 funds opened positions while 484 raised stakes. 621.08 million shares or 1.52% more from 611.76 million shares in 2017Q2 were reported. Rothschild Corp Il stated it has 0.1% in United Technologies Corporation (NYSE:UTX). Sector Pension Investment Board reported 91,665 shares or 0.05% of all its holdings. 47,416 were accumulated by Ray Gerald L & Associates Ltd. Mitchell Sinkler Starr Pa invested in 9,596 shares or 1.75% of the stock. Apriem Advsrs has 0.83% invested in United Technologies Corporation (NYSE:UTX). First Republic Mgmt holds 0.66% of its portfolio in United Technologies Corporation (NYSE:UTX) for 788,790 shares. Cantab Cap Prns Ltd Liability Partnership holds 13,866 shares or 0.23% of its portfolio. Bancorpsouth Inc owns 5,156 shares for 0.06% of their portfolio. 2,222 were reported by Bellecapital International. Tiaa Cref Management Limited Liability Company reported 1.32M shares or 0.1% of all its holdings. Edgemoor Invest Incorporated owns 2,040 shares for 0.03% of their portfolio. Moreover, Court Place Advsrs Ltd Liability Corp has 0.44% invested in United Technologies Corporation (NYSE:UTX) for 8,530 shares. Btim has 15,746 shares for 0.03% of their portfolio. Daiwa Secs Gp owns 0.02% invested in United Technologies Corporation (NYSE:UTX) for 30,194 shares. Franklin Street Advsr Inc Nc stated it has 1.47% of its portfolio in United Technologies Corporation (NYSE:UTX).

Since December 13, 2017, it had 0 insider purchases, and 3 selling transactions for $734,561 activity. The insider Amato Elizabeth B sold 4,341 shares worth $546,600.

State Street Corp decreased its stake in United Technologies Corp (UTX) by 0.51% based on its latest 2017Q3 regulatory filing with the SEC. State Street Corp sold 469,558 shares as the company’s stock rose 8.03% with the market. The institutional investor held 91.65 million shares of the aerospace company at the end of 2017Q3, valued at $10.64 billion, down from 92.12M at the end of the previous reported quarter. State Street Corp who had been investing in United Technologies Corp for a number of months, seems to be less bullish one the $103.74 billion market cap company. The stock increased 2.94% or $3.71 during the last trading session, reaching $129.71. About 2.61 million shares traded. United Technologies Corporation (NYSE:UTX) has risen 22.99% since February 15, 2017 and is uptrending. It has outperformed by 6.29% the S&P500.

State Street Corp, which manages about $1158.96B US Long portfolio, upped its stake in Boston Scientific Corp (NYSE:BSX) by 360,757 shares to 57.52M shares, valued at $1.68B in 2017Q3, according to the filing. It also increased its holding in Calatlantic Group Inc by 227,156 shares in the quarter, for a total of 2.76 million shares, and has risen its stake in Spdr Bloomberg Barclays Long Term Treasury Etf (TLO).

More notable recent United Technologies Corporation (NYSE:UTX) news were published by: Seekingalpha.com which released: “United Technologies: Easing Fears On Lifts And Gears Suggest A Long-Term Buy” on January 23, 2018, also Seekingalpha.com with their article: “United Technologies: Headed Higher” published on January 31, 2018, Nasdaq.com published: “United Technologies Corporation (UTX) Ex-Dividend Date Scheduled for February …” on February 14, 2018. More interesting news about United Technologies Corporation (NYSE:UTX) were released by: Prnewswire.com and their article: “United Technologies Reports 2017 Results Above Company Expectations, Announces …” published on January 24, 2018 as well as Journalnow.com‘s news article titled: “United Technologies joins corporations with initial tax-rate cut hit; adjusted …” with publication date: January 24, 2018.

United Technologies Corporation (NYSE:UTX) Ratings Coverage

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 11 have Buy rating, 0 Sell and 10 Hold. Therefore 52% are positive. United Technologies Corporation had 78 analyst reports since July 21, 2015 according to SRatingsIntel. S&P Research upgraded it to “Buy” rating and $134 target in Tuesday, July 21 report. The rating was maintained by Jefferies on Tuesday, May 30 with “Buy”. Cowen & Co upgraded United Technologies Corporation (NYSE:UTX) rating on Thursday, July 23. Cowen & Co has “Outperform” rating and $119 target. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Tuesday, May 3 report. The firm earned “Neutral” rating on Thursday, October 8 by JP Morgan. The company was maintained on Wednesday, October 25 by Stifel Nicolaus. Jefferies maintained the shares of UTX in report on Tuesday, October 3 with “Buy” rating. The firm has “Sector Perform” rating given on Thursday, April 27 by RBC Capital Markets. The rating was maintained by Bernstein on Tuesday, January 30 with “Hold”. The stock of United Technologies Corporation (NYSE:UTX) earned “Hold” rating by Stifel Nicolaus on Friday, July 7.

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