United Technologies Corp. (UTX) Shareholder Davis Selected Advisers Decreased Its Stake

May 16, 2018 - By Mark Babin

United Technologies Corporation (NYSE:UTX) Corporate LogoBig Money Sentiment decreased to 0.92 in Q4 2017. It has change of 0.13, from 2017Q3’s 1.05. The ratio dived due to UTX positioning: 58 sold and 554 reduced. 121 funds took positions and 441 increased positions. Investors holded 621.08 million in 2017Q3 but now own 624.06 million shares or 0.48% more. Tower Cap Lc (Trc) has 0.18% invested in United Technologies Corporation (NYSE:UTX). Woodmont Counsel Limited Liability Company reported 0.53% of its capital in United Technologies Corporation (NYSE:UTX). Stearns Financial holds 0.72% or 23,557 shs. Ifrah Fincl Services Inc reported 3,556 shs. Pekin Singer Strauss Asset Mngmt Il owns 4,756 shs. Goelzer Investment Management Inc invested in 49,411 shs. Murphy Capital reported 84,746 shs. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mngmt owns 0.16% invested in United Technologies Corporation (NYSE:UTX) for 147,200 shs. Hsbc Holding Public Limited Company reported 1.90 million shs. Stock Yards Financial Bank And has invested 0.19% of its capital in United Technologies Corporation (NYSE:UTX). Vulcan Value Partners Limited Liability Com owns 0.9% invested in United Technologies Corporation (NYSE:UTX) for 862,037 shs. Hayek Kallen Inv invested in 2.02% or 24,141 shs. Pictet Cie (Europe) holds 1.85% of its capital in United Technologies Corporation (NYSE:UTX) for 102,598 shs. Adage Ptnrs Ltd Liability owns 1.97 million shs or 0.57% of their US capital. 20,088 were accumulated by Boston Limited Liability Company.

UTX had 6 sales and 1 buying transaction since December 13, 2017. This’s net activity of $1.25 million. On Friday, December 15 Bailey Robert J. had sold 864 shs worth $108,873. Shares for $1.09 million were bought by Reynolds Fredric G on Friday, April 27. On Friday, December 15 a trade for 4,341 shs valued at $546,600 was made by Amato Elizabeth B.

In United Technologies Corp. (UTX) was reduced the holdings held by Davis Selected Advisers. The decrease is 0.87% according to 2017Q4 Securities and Exchange filling. The company’s stock declined 1.53% with the market as Davis Selected Advisers sold 66,809 shares. The aerospace company at the end of 2017Q4 was priced at $969.46 million. It’s down from 7.67 million at the end of the previous reported quarter. Now it had 7.60M shares held by the institutional investor . United Technologies Corp. has $99.82B MC. UTX reached $124.77 during the last trading session after $0.22 change.Currently United Technologies Corporation is uptrending after 12.03% change in last May 16, 2017. UTX has 2.47 million shares volume. UTX outperformed by 0.48% the S&P500.

According to a filing the Davis Selected Advisers’s stake in Davis Select U.S. Equity was rose by 743,000 shares to 2.80 million shares valued at $65.59 million in 2017Q4. It manages about $48.17B and $23.54B US Long portfolio. Davis Selected Advisers has risen its stake in Johnson Controls International Plc and also increased its holding in Adient Plc by 396,092 shares in the quarter, for a total of 7.55 million shares.

United Technologies Corporation (NYSE:UTX)’s earnings report is awaited on July, 24., according to RTT. This year’s earnings per share analyst estimate is awaited to be $1.84. That is 0.54 % down compareed to $1.85 earnings per share for last year. UTX’s profit could be $1.47 billion if the current earnings per share of $1.84 is accurate. Last quarter $1.77 earnings per share was reported. Analysts forecasts 3.95 % EPS growth this quarter.

A couple more United Technologies Corporation (NYSE:UTX) news were published by: Streetinsider.com which released on May 15, 2018 “Ackman’s Pershing Square Confirms Stake in United Technologies (UTX) (more…) – 13F”, also Prnewswire.com on May 16, 2018 published “UTC Aerospace Systems Enhances Aircraft Intelligence To Improve Fleet Operations And Passenger Experience”, the next Streetinsider.com is “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” on May 15, 2018. Seekingalpha.com has article titled “Third Point (Dan Loeb) Q1 2018 Investor Letter”.

United Technologies Corporation (NYSE:UTX) Ratings Coverage

In total 12 analysts cover United Technologies (NYSE:UTX). “Buy” rating has 9, “Sell” are 0, while 3 are “Hold”. 75% are bullish. 20 are the (NYSE:UTX)’s analyst reports since December 5, 2017 according to StockzIntelligence Inc. On Thursday, January 25 the firm has “Buy” rating by Jefferies given. On Monday, January 22 the rating was maintained by Cowen & Co with “Hold”. On Tuesday, December 5 the stock of United Technologies Corporation (NYSE:UTX) has “Overweight” rating given by Atlantic Securities. On Monday, January 8 the stock has “Buy” rating by Jefferies. On Thursday, March 15 the stock has “Buy” rating by UBS. On Tuesday, January 23 the company was initiated by UBS. On Friday, February 9 the stock of United Technologies Corporation (NYSE:UTX) earned “Buy” rating by Argus Research. On Tuesday, May 8 Daiwa Securities upgraded the shares of UTX in report to “Outperform” rating. On Thursday, February 15 the rating was maintained by Stifel Nicolaus with “Hold”. On Monday, January 8 the firm earned “Buy” rating by Goldman Sachs.

United Technologies Corporation (NYSE:UTX) Institutional Investors Chart

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