As United Technologies Corp (UTX) Stock Value Rose, Holder Teachers Retirement System Of The State Of Kentucky Cut Its Stake

November 14, 2017 - By reb123z

Investors sentiment decreased to 0.95 in 2017 Q2. Its down 0.03, from 0.98 in 2017Q1. It fall, as 39 investors sold UTX shares while 553 reduced holdings. 112 funds opened positions while 451 raised stakes. 611.76 million shares or 0.92% less from 617.43 million shares in 2017Q1 were reported. Wealthtrust reported 0.01% stake. Monetary Grp Inc Inc invested 0.4% in United Technologies Corporation (NYSE:UTX). Williams Jones Associate Ltd Limited Liability Company invested in 29,099 shares. Sol Cap Management reported 5,085 shares or 0.17% of all its holdings. 44,900 were reported by Art Advsrs Ltd. Century Cos owns 3.41M shares or 0.43% of their US portfolio. Daiwa Secs Grp has invested 0.05% in United Technologies Corporation (NYSE:UTX). Benjamin F Edwards & holds 28,828 shares or 0.46% of its portfolio. Paragon Cap stated it has 1,870 shares. Massachusetts Fincl Services Ma stated it has 16.62 million shares or 0.9% of all its holdings. Regal Ltd Llc has invested 0.08% in United Technologies Corporation (NYSE:UTX). 5,678 are held by Private Fincl Bank & Tru. Croft reported 44,738 shares or 1.19% of all its holdings. The Missouri-based Atwood Palmer has invested 0.22% in United Technologies Corporation (NYSE:UTX). Moreover, Waters Parkerson & Communication Limited Liability has 0.48% invested in United Technologies Corporation (NYSE:UTX) for 42,291 shares.

Teachers Retirement System Of The State Of Kentucky decreased its stake in United Technologies Corp (UTX) by 49.32% based on its latest 2017Q2 regulatory filing with the SEC. Teachers Retirement System Of The State Of Kentucky sold 419,045 shares as the company’s stock rose 8.03% with the market. The institutional investor held 430,634 shares of the aerospace company at the end of 2017Q2, valued at $52.58 million, down from 849,679 at the end of the previous reported quarter. Teachers Retirement System Of The State Of Kentucky who had been investing in United Technologies Corp for a number of months, seems to be less bullish one the $93.66 billion market cap company. The stock rose 0.18% or $0.21 reaching $117.29. About 321,835 shares traded. United Technologies Corporation (NYSE:UTX) has risen 22.99% since November 14, 2016 and is uptrending. It has outperformed by 6.29% the S&P500.

Teachers Retirement System Of The State Of Kentucky, which manages about $7.99 billion US Long portfolio, upped its stake in Pepsico Inc (NYSE:PEP) by 89,975 shares to 524,948 shares, valued at $60.63 million in 2017Q2, according to the filing. It also increased its holding in Itau Unibanco Hldg Sa (NYSE:ITUB) by 852,600 shares in the quarter, for a total of 864,700 shares, and has risen its stake in Danaher Corp (NYSE:DHR).

Analysts expect United Technologies Corporation (NYSE:UTX) to report $1.56 EPS on January, 24.They anticipate $0.00 EPS change or 0.00 % from last quarter’s $1.56 EPS. UTX’s profit would be $1.25B giving it 18.80 P/E if the $1.56 EPS is correct. After having $1.73 EPS previously, United Technologies Corporation’s analysts see -9.83 % EPS growth.

More notable recent United Technologies Corporation (NYSE:UTX) news were published by: Prnewswire.com which released: “University of Redlands Announces Collaboration With United Technologies …” on October 26, 2017, also Nasdaq.com with their article: “United Technologies (UTX) Beats on Q3 Earnings & Revenues” published on October 24, 2017, Streetinsider.com published: “Form 8-K UNITED TECHNOLOGIES CORP For: Nov 13” on November 13, 2017. More interesting news about United Technologies Corporation (NYSE:UTX) were released by: Nasdaq.com and their article: “Low Revenues to Hurt United Technologies (UTX) Q3 Earnings?” published on October 20, 2017 as well as Seekingalpha.com‘s news article titled: “United Technologies: Selling Sikorsky And Buying Rockwell Collins: 2 Great …” with publication date: October 26, 2017.

United Technologies Corporation (NYSE:UTX) Ratings Coverage

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 6 have Buy rating, 0 Sell and 15 Hold. Therefore 29% are positive. United Technologies Corporation has $139.0 highest and $100 lowest target. $119.88’s average target is 2.21% above currents $117.29 stock price. United Technologies Corporation had 66 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Hold” rating and $12500 target in Friday, July 7 report. As per Monday, September 21, the company rating was maintained by Deutsche Bank. RBC Capital Markets maintained the stock with “Hold” rating in Friday, November 10 report. Deutsche Bank downgraded the shares of UTX in report on Wednesday, July 22 to “Hold” rating. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, August 25. The firm has “Hold” rating by RBC Capital Markets given on Friday, September 15. The firm earned “Equal Weight” rating on Monday, August 31 by Barclays Capital. The firm has “Hold” rating by RBC Capital Markets given on Friday, August 11. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, January 28. Sterne Agee CRT downgraded the shares of UTX in report on Wednesday, January 6 to “Neutral” rating.

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