United Technologies Corp. (UTX) Shareholder Davis Selected Advisers Has Trimmed Stake as Market Value Declined

May 27, 2018 - By reb123z

United Technologies Corporation (NYSE:UTX) LogoInvestors sentiment decreased to 0.92 in 2017 Q4. Its down 0.13, from 1.05 in 2017Q3. It worsened, as 58 investors sold UTX shares while 554 reduced holdings. 121 funds opened positions while 441 raised stakes. 624.06 million shares or 0.48% more from 621.08 million shares in 2017Q3 were reported. Shayne Lc stated it has 14,149 shares or 1.24% of all its holdings. Lombard Odier Asset Mgmt (Switzerland) Sa holds 0.04% of its portfolio in United Technologies Corporation (NYSE:UTX) for 3,298 shares. Whitnell And holds 14,517 shares. Ingalls And Snyder Ltd Liability Company reported 183,794 shares. The New Jersey-based Systematic Financial Lp has invested 0.02% in United Technologies Corporation (NYSE:UTX). Wisconsin-based Artisan Prtn LP has invested 0.59% in United Technologies Corporation (NYSE:UTX). Moreover, Stonehearth Cap Lc has 0.02% invested in United Technologies Corporation (NYSE:UTX). Edgemoor Inv Advisors Incorporated has invested 0.03% in United Technologies Corporation (NYSE:UTX). Smith Moore And Company holds 4,391 shares or 0.15% of its portfolio. Haverford Financial Serv holds 74,353 shares or 3.46% of its portfolio. Parthenon Lc reported 0.06% in United Technologies Corporation (NYSE:UTX). 16,435 were accumulated by Washington Tru. Sandy Spring National Bank & Trust reported 77,062 shares. Cetera Advsrs Ltd Liability Com accumulated 18,494 shares. Weatherstone Cap owns 0.25% invested in United Technologies Corporation (NYSE:UTX) for 2,967 shares.

Since December 13, 2017, it had 1 insider buy, and 6 sales for $1.25 million activity. 419 shares were sold by Bailey Robert J., worth $56,034 on Thursday, February 22. The insider Reynolds Fredric G bought 9,000 shares worth $1.09M. MCDONOUGH ROBERT J sold $1.28M worth of United Technologies Corporation (NYSE:UTX) on Wednesday, May 2.

Davis Selected Advisers decreased its stake in United Technologies Corp. (UTX) by 0.87% based on its latest 2017Q4 regulatory filing with the SEC. Davis Selected Advisers sold 66,809 shares as the company’s stock declined 1.53% with the market. The institutional investor held 7.60 million shares of the aerospace company at the end of 2017Q4, valued at $969.46 million, down from 7.67 million at the end of the previous reported quarter. Davis Selected Advisers who had been investing in United Technologies Corp. for a number of months, seems to be less bullish one the $101.63 billion market cap company. The stock decreased 0.29% or $0.37 during the last trading session, reaching $127.03. About 1.73 million shares traded. United Technologies Corporation (NYSE:UTX) has risen 12.03% since May 27, 2017 and is uptrending. It has outperformed by 0.48% the S&P500.

Davis Selected Advisers, which manages about $48.17 billion and $23.54 billion US Long portfolio, upped its stake in Jbg Smith Properties by 90,342 shares to 173,348 shares, valued at $6.02 million in 2017Q4, according to the filing. It also increased its holding in Berkshire Hathaway Inc. Class B (BRKB) by 38,443 shares in the quarter, for a total of 1.77 million shares, and has risen its stake in Us Bancorp (NYSE:USB).

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on July, 24. They expect $1.84 earnings per share, down 0.54 % or $0.01 from last year’s $1.85 per share. UTX’s profit will be $1.47B for 17.26 P/E if the $1.84 EPS becomes a reality. After $1.77 actual earnings per share reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts 3.95 % EPS growth.

Another recent and important United Technologies Corporation (NYSE:UTX) news was published by Fool.com which published an article titled: “The Best is Yet to Come For United Technologies” on May 09, 2018.

United Technologies Corporation (NYSE:UTX) Ratings Coverage

Among 12 analysts covering United Technologies (NYSE:UTX), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. United Technologies had 20 analyst reports since December 5, 2017 according to SRatingsIntel. The company was upgraded on Tuesday, May 8 by Daiwa Securities. The stock of United Technologies Corporation (NYSE:UTX) has “Outperform” rating given on Friday, January 5 by Robert W. Baird. The firm earned “Hold” rating on Tuesday, April 3 by Stifel Nicolaus. Cowen & Co maintained the shares of UTX in report on Monday, January 22 with “Hold” rating. The rating was maintained by Jefferies on Monday, January 8 with “Buy”. As per Monday, January 8, the company rating was upgraded by Goldman Sachs. On Tuesday, December 5 the stock rating was upgraded by Atlantic Securities to “Overweight”. The firm has “Buy” rating given on Wednesday, January 3 by RBC Capital Markets. The stock of United Technologies Corporation (NYSE:UTX) earned “Hold” rating by Stifel Nicolaus on Tuesday, April 24. The firm has “Buy” rating by Argus Research given on Friday, February 9.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

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