United Technologies Corp (Call) (UTX) Share Price Declined While Jefferies Group LLC Has Trimmed Position

April 25, 2018 - By Marie Mckinney

United Technologies Corporation (NYSE:UTX) LogoInvestors sentiment decreased to 0.92 in Q4 2017. Its down 0.13, from 1.05 in 2017Q3. It dived, 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. Moreover, Greenwood Assoc Ltd Liability Co has 0.65% invested in United Technologies Corporation (NYSE:UTX) for 21,924 shares. Bragg Advsr has invested 1.08% of its portfolio in United Technologies Corporation (NYSE:UTX). Moreover, Ballentine Prtnrs Llc has 0.05% invested in United Technologies Corporation (NYSE:UTX) for 7,213 shares. Lazard Asset Management Lc stated it has 3.42 million shares. 14,037 were accumulated by Dixon Hubard Feinour & Brown Inc Va. Moreover, Coastline Trust has 0.26% invested in United Technologies Corporation (NYSE:UTX) for 13,685 shares. Artisan Ptnrs Limited Partnership reported 2.44 million shares. 1832 Asset Mngmt Limited Partnership holds 0.28% or 681,358 shares. The Massachusetts-based Amundi Pioneer Asset Mngmt Incorporated has invested 0.47% in United Technologies Corporation (NYSE:UTX). Canada Pension Plan Inv Board, a Ontario – Canada-based fund reported 114,039 shares. 84,746 are held by Murphy. 8,716 were reported by Westover Capital Advisors Ltd Liability Com. King Luther Capital Corp reported 0.25% of its portfolio in United Technologies Corporation (NYSE:UTX). Scotia Cap Inc has invested 0.49% in United Technologies Corporation (NYSE:UTX). Moreover, Segall Bryant And Hamill Lc has 0.07% invested in United Technologies Corporation (NYSE:UTX).

Since December 13, 2017, it had 0 insider buys, and 5 insider sales for $1.06 million activity. The insider Bailey Robert J. sold $108,873.

Jefferies Group Llc decreased its stake in United Technologies Corp (Call) (UTX) by 11.15% based on its latest 2017Q4 regulatory filing with the SEC. Jefferies Group Llc sold 30,700 shares as the company’s stock declined 1.53% with the market. The institutional investor held 244,600 shares of the aerospace company at the end of 2017Q4, valued at $31.20 million, down from 275,300 at the end of the previous reported quarter. Jefferies Group Llc who had been investing in United Technologies Corp (Call) for a number of months, seems to be less bullish one the $97.19B market cap company. The stock decreased 0.52% or $0.63 during the last trading session, reaching $121.47. About 2.86 million shares traded. United Technologies Corporation (NYSE:UTX) has risen 12.03% since April 25, 2017 and is uptrending. It has outperformed by 0.48% the S&P500.

Jefferies Group Llc, which manages about $21.33B US Long portfolio, upped its stake in Goldman Sachs Group Inc (Call) (NYSE:GS) by 14,300 shares to 23,100 shares, valued at $5.89 million in 2017Q4, according to the filing. It also increased its holding in Ventas Inc (NYSE:VTR) by 58,291 shares in the quarter, for a total of 216,291 shares, and has risen its stake in Lowes Cos Inc (Put) (NYSE:LOW).

United Technologies Corporation (NYSE:UTX) Ratings Coverage

Among 11 analysts covering United Technologies Corp (NYSE:UTX), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. United Technologies Corp had 19 analyst reports since November 10, 2017 according to SRatingsIntel. The firm earned “Hold” rating on Friday, November 10 by RBC Capital Markets. The firm has “Hold” rating by Cowen & Co given on Monday, January 22. UBS initiated United Technologies Corporation (NYSE:UTX) rating on Tuesday, January 23. UBS has “Buy” rating and $158.0 target. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, January 25 report. RBC Capital Markets maintained United Technologies Corporation (NYSE:UTX) on Tuesday, January 23 with “Buy” rating. Stifel Nicolaus maintained the stock with “Hold” rating in Tuesday, April 3 report. Bernstein maintained it with “Hold” rating and $153.0 target in Tuesday, January 30 report. As per Tuesday, December 5, the company rating was upgraded by Atlantic Securities. The firm earned “Outperform” rating on Friday, January 5 by Robert W. Baird. Barclays Capital maintained the shares of UTX in report on Monday, February 26 with “Overweight” rating.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

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