Diam Company LTD Has Trimmed Its United Technologies Corp (UTX) Position by $3.33 Million as Stock Price Rose

December 12, 2017 - By Vivian Currie

Investors sentiment decreased to 0.95 in Q2 2017. Its down 0.03, from 0.98 in 2017Q1. It turned negative, 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. Sawgrass Asset Mngmt invested 0.08% in United Technologies Corporation (NYSE:UTX). Clearbridge Llc accumulated 0.18% or 1.52 million shares. Hightower Advsrs Limited Liability holds 0.3% of its portfolio in United Technologies Corporation (NYSE:UTX) for 287,114 shares. Private Wealth Advisors invested in 24,856 shares or 1.3% of the stock. Australia-based Amp Cap Investors has invested 0.3% in United Technologies Corporation (NYSE:UTX). Colony Grp Inc Ltd Com has invested 0.05% in United Technologies Corporation (NYSE:UTX). 95,120 were reported by Pinnacle Limited. Cibc Asset Management invested 0.07% of its portfolio in United Technologies Corporation (NYSE:UTX). 1.62M were reported by Flossbach Von Storch Ag. Invesco Limited accumulated 4.53 million shares. Jolley Asset stated it has 908 shares. 71,981 were accumulated by Livforsakringsbolaget Skandia Omsesidigt. Cornercap Investment Counsel holds 0.04% or 2,000 shares in its portfolio. Hudson Valley Inv Advsr Adv invested 0.2% of its portfolio in United Technologies Corporation (NYSE:UTX). Fukoku Mutual Life Ins holds 0.07% or 3,700 shares in its portfolio.

Diam Company Ltd decreased its stake in United Technologies Corp (UTX) by 2.2% based on its latest 2017Q2 regulatory filing with the SEC. Diam Company Ltd sold 27,322 shares as the company’s stock rose 8.03% with the market. The institutional investor held 1.21 million shares of the aerospace company at the end of 2017Q2, valued at $148.03M, down from 1.24 million at the end of the previous reported quarter. Diam Company Ltd who had been investing in United Technologies Corp for a number of months, seems to be less bullish one the $98.66 billion market cap company. The stock increased 0.19% or $0.24 during the last trading session, reaching $123.54. About 1.84M shares traded. United Technologies Corporation (NYSE:UTX) has risen 22.99% since December 12, 2016 and is uptrending. It has outperformed by 6.29% the S&P500.

Diam Company Ltd, which manages about $39.18 billion US Long portfolio, upped its stake in Cme Group Inc (NASDAQ:CME) by 62,026 shares to 669,493 shares, valued at $83.82M in 2017Q2, according to the filing. It also increased its holding in Alibaba Group Hldg Ltd (NYSE:BABA) by 47,862 shares in the quarter, for a total of 1.45 million shares, and has risen its stake in Costco Whsl Corp New (NASDAQ:COST).

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on January, 24. They expect $1.56 earnings per share, 0.00 % or $0.00 from last year’s $1.56 per share. UTX’s profit will be $1.25B for 19.80 P/E if the $1.56 EPS becomes a reality. After $1.73 actual earnings per share reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts -9.83 % negative EPS growth.

More recent United Technologies Corporation (NYSE:UTX) news were published by: Fool.com which released: “What to Expect From United Technologies in 2018” on December 04, 2017. Also Nasdaq.com published the news titled: “United Technologies Corporation (UTX) Ex-Dividend Date Scheduled for November …” on November 15, 2017. Prnewswire.com‘s news article titled: “Paul Eremenko Joins United Technologies Corporation as Chief Technology Officer” with publication date: November 30, 2017 was also an interesting one.

United Technologies Corporation (NYSE:UTX) Ratings Coverage

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 7 have Buy rating, 0 Sell and 14 Hold. Therefore 33% are positive. United Technologies Corporation had 67 analyst reports since July 21, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, December 5 by Atlantic Securities. On Thursday, January 26 the stock rating was downgraded by Argus Research to “Hold”. RBC Capital Markets maintained it with “Sector Perform” rating and $118 target in Thursday, January 12 report. As per Wednesday, September 6, the company rating was downgraded by Cowen & Co. The company was downgraded on Monday, October 10 by Citigroup. Deutsche Bank maintained it with “Hold” rating and $102 target in Monday, September 21 report. On Friday, January 27 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm earned “Hold” rating on Friday, June 2 by RBC Capital Markets. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, December 15. Jefferies maintained it with “Buy” rating and $138.0 target in Tuesday, October 3 report.

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