State Street Corp Decreased Its United Technologies Corp (UTX) Holding by $54.47 Million

February 15, 2018 - By Darrin Black

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. Moreover, Golub Group Inc has 0.06% invested in United Technologies Corporation (NYSE:UTX) for 5,190 shares. California State Teachers Retirement Sys has invested 0.34% in United Technologies Corporation (NYSE:UTX). Personal Capital Advsr Corporation, a California-based fund reported 41,617 shares. Lau Associate Limited Liability invested 1.13% in United Technologies Corporation (NYSE:UTX). West Coast Financial Llc stated it has 5,516 shares or 0.17% of all its holdings. 168,388 are owned by Foyston Gordon Payne. Croft owns 1.21% invested in United Technologies Corporation (NYSE:UTX) for 44,120 shares. Yhb Advsrs has 86,181 shares for 1.79% of their portfolio. Sol Cap Mngmt Company invested in 0.17% or 5,205 shares. Amp Cap Investors Ltd reported 422,999 shares. Cincinnati Fincl invested in 0.11% or 21,000 shares. Meridian Mngmt Company holds 0.69% of its portfolio in United Technologies Corporation (NYSE:UTX) for 12,055 shares. Fayerweather Charles reported 2.65% of its portfolio in United Technologies Corporation (NYSE:UTX). The California-based Wealthfront has invested 0.03% in United Technologies Corporation (NYSE:UTX). Hillsdale Invest invested in 30 shares.

Since December 13, 2017, it had 0 insider buys, and 3 sales for $734,561 activity. Bailey Robert J. also sold $108,873 worth of United Technologies Corporation (NYSE:UTX) shares.

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 91.65M shares of the aerospace company at the end of 2017Q3, valued at $10.64B, 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 Idex Corp (NYSE:IEX) by 60,195 shares to 2.46 million shares, valued at $298.35 million in 2017Q3, according to the filing. It also increased its holding in Steel Dynamics Inc (NASDAQ:STLD) by 267,338 shares in the quarter, for a total of 9.12 million shares, and has risen its stake in British Amer Tobacco Plc (NYSEMKT:BTI).

More notable recent United Technologies Corporation (NYSE:UTX) news were published by: Prnewswire.com which released: “United Technologies Reports 2017 Results Above Company Expectations, Announces …” on January 24, 2018, also Fool.com with their article: “United Technologies Corporation: Aerospace Operations Are Set to Take Off in 2018” published on February 05, 2018, Seekingalpha.com published: “United Technologies: Easing Fears On Lifts And Gears Suggest A Long-Term Buy” on January 23, 2018. More interesting news about United Technologies Corporation (NYSE:UTX) were released by: Seekingalpha.com and their article: “United Technologies: Headed Higher” published on January 31, 2018 as well as Nasdaq.com‘s news article titled: “United Technologies Corporation (UTX) Ex-Dividend Date Scheduled for February …” with publication date: February 14, 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. Stifel Nicolaus maintained United Technologies Corporation (NYSE:UTX) rating on Thursday, August 10. Stifel Nicolaus has “Hold” rating and $12600 target. RBC Capital Markets maintained United Technologies Corporation (NYSE:UTX) rating on Thursday, January 28. RBC Capital Markets has “Sector Perform” rating and $100 target. Sterne Agee CRT downgraded the shares of UTX in report on Wednesday, January 6 to “Neutral” rating. The firm earned “Hold” rating on Tuesday, December 1 by Liberum Capital. On Tuesday, January 23 the stock rating was initiated by UBS with “Buy”. The stock of United Technologies Corporation (NYSE:UTX) has “Hold” rating given on Tuesday, January 30 by Bernstein. The company was downgraded on Monday, October 10 by Citigroup. The stock has “Buy” rating by Cowen & Co on Tuesday, July 25. As per Thursday, October 8, the company rating was initiated by JP Morgan. Cowen & Co downgraded United Technologies Corporation (NYSE:UTX) on Wednesday, September 6 to “Market Perform” rating.

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