As United Technologies Corp (UTX) Valuation Rose, Holder Davidson D A & Company Cut Its Stake

March 21, 2018 - By Adrian Erickson

Investors sentiment increased to 1.05 in Q3 2017. Its up 0.10, from 0.95 in 2017Q2. It is positive, 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. Cibc World Markets has invested 0.12% in United Technologies Corporation (NYSE:UTX). Burke & Herbert Commercial Bank Communication, Virginia-based fund reported 6,529 shares. Guinness Atkinson Asset Mngmt, California-based fund reported 1,970 shares. Cadinha & Ltd Liability Com reported 0.2% in United Technologies Corporation (NYSE:UTX). Catawba Mgmt Va owns 21,263 shares for 0.56% of their portfolio. Eastern Savings Bank reported 2,864 shares. Eagle Ridge Mgmt reported 51,712 shares. Kbc Grp Nv holds 259,988 shares or 0.27% of its portfolio. Forward Management Ltd Co holds 13,049 shares or 0.17% of its portfolio. Ronna Sue Cohen holds 0.24% in United Technologies Corporation (NYSE:UTX) or 2,702 shares. Kidder Stephen W holds 2.24% or 52,360 shares. Tdam Usa Incorporated holds 0.65% of its portfolio in United Technologies Corporation (NYSE:UTX) for 95,964 shares. M&R Cap Mgmt Inc holds 4,702 shares or 0.13% of its portfolio. Buckingham Asset Limited Liability Company owns 7,640 shares. Amica Mutual Ins Company invested in 38,159 shares or 0.4% of the stock.

Since December 13, 2017, it had 0 insider purchases, and 5 sales for $1.06 million activity. Another trade for 4,341 shares valued at $546,600 was sold by Amato Elizabeth B.

Thomas Lenox Kempner decreased its stake in United Technologies Corp (UTX) by 10.02% based on its latest 2017Q3 regulatory filing with the SEC. Davidson D A & Company sold 42,237 shares as the company’s stock rose 8.03% with the market. The hedge fund run by Thomas Lenox Kempner held 379,199 shares of the aerospace company at the end of 2017Q3, valued at $44.02M, down from 421,436 at the end of the previous reported quarter. Davidson D A & Company who had been investing in United Technologies Corp for a number of months, seems to be less bullish one the $101.74B market cap company. The stock decreased 0.03% or $0.04 during the last trading session, reaching $127.16. About 2.81M shares traded. United Technologies Corporation (NYSE:UTX) has risen 22.99% since March 21, 2017 and is uptrending. It has outperformed by 6.29% the S&P500.

Davidson D A & Company, which manages about $9.65 billion and $5.10 billion US Long portfolio, upped its stake in International Business Machs (NYSE:IBM) by 23,122 shares to 290,602 shares, valued at $42.16M in 2017Q3, according to the filing. It also increased its holding in Vanguard Index Fds (VTV) by 161,607 shares in the quarter, for a total of 3.81M shares, and has risen its stake in Vanguard Tax Managed Intl Fd (VEA).

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on April, 25. They expect $1.51 EPS, up 2.03 % or $0.03 from last year’s $1.48 per share. UTX’s profit will be $1.21 billion for 21.05 P/E if the $1.51 EPS becomes a reality. After $1.60 actual EPS reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts -5.63 % negative EPS growth.

United Technologies Corporation (NYSE:UTX) Ratings Coverage

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 57% are positive. United Technologies Corporation had 82 analyst reports since July 21, 2015 according to SRatingsIntel. As per Friday, February 9, the company rating was upgraded by Argus Research. Deutsche Bank maintained United Technologies Corporation (NYSE:UTX) on Wednesday, September 6 with “Hold” rating. RBC Capital Markets maintained United Technologies Corporation (NYSE:UTX) rating on Friday, September 15. RBC Capital Markets has “Hold” rating and $125.0 target. The firm has “Mkt Perform” rating by Bernstein given on Friday, January 8. The stock of United Technologies Corporation (NYSE:UTX) earned “Buy” rating by Argus Research on Thursday, January 28. The firm has “Hold” rating given on Thursday, August 10 by Stifel Nicolaus. The stock of United Technologies Corporation (NYSE:UTX) has “Hold” rating given on Tuesday, December 1 by Liberum Capital. The stock of United Technologies Corporation (NYSE:UTX) has “Buy” rating given on Tuesday, October 6 by Numis Securities. As per Monday, October 10, the company rating was downgraded by Citigroup. The rating was upgraded by Credit Suisse to “Outperform” on Monday, December 19.

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