The United Technologies Corporation (UTX) Position Held by Logan Capital Management Inc.

The United Technologies Corporation (UTX) Position Held by Logan Capital Management Inc.

Logan Capital Management Inc. held its stake in United Technologies Corporation (NYSE:UTX) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,698 shares of the company’s stock at the end of the third quarter. Logan Capital Management Inc.’s holdings in United Technologies Corporation were worth $376,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Bailard Inc. increased its stake in United Technologies Corporation by 0.5% in the third quarter. Bailard Inc. now owns 7,046 shares of the company’s stock valued at $716,000 after buying an additional 34 shares during the last quarter. Korea Investment CORP increased its stake in United Technologies Corporation by 18.3% in the third quarter. Korea Investment CORP now owns 533,514 shares of the company’s stock valued at $54,205,000 after buying an additional 82,478 shares during the last quarter. Windsor Capital Management LLC increased its stake in United Technologies Corporation by 1.1% in the third quarter. Windsor Capital Management LLC now owns 4,291 shares of the company’s stock valued at $435,000 after buying an additional 48 shares during the last quarter. Boston Partners increased its stake in United Technologies Corporation by 26.0% in the third quarter. Boston Partners now owns 5,281,056 shares of the company’s stock valued at $536,555,000 after buying an additional 1,088,456 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in United Technologies Corporation during the third quarter valued at $1,453,000. Institutional investors and hedge funds own 78.30% of the company’s stock.

Shares of United Technologies Corporation (NYSE:UTX) traded up 0.41% on Wednesday, reaching $110.42. The company had a trading volume of 2,600,332 shares. The firm has a 50-day moving average price of $109.93 and a 200 day moving average price of $105.79. The firm has a market capitalization of $90.92 billion, a price-to-earnings ratio of 12.62 and a beta of 1.11. United Technologies Corporation has a 1-year low of $83.85 and a 1-year high of $112.83.

United Technologies Corporation (NYSE:UTX) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.09. United Technologies Corporation had a net margin of 12.87% and a return on equity of 18.28%. The company earned $14.40 billion during the quarter, compared to the consensus estimate of $12.28 billion. During the same period last year, the firm earned $1.67 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts predict that United Technologies Corporation will post $6.59 earnings per share for the current year.

Several brokerages have recently issued reports on UTX. Royal Bank Of Canada decreased their price objective on United Technologies Corporation from $121.00 to $118.00 and set a “sector perform” rating for the company in a report on Thursday, January 12th. Barclays PLC reissued an “equal weight” rating and issued a $111.00 price objective on shares of United Technologies Corporation in a report on Friday, December 16th. RBC Capital Markets began coverage on United Technologies Corporation in a report on Thursday, January 12th. They issued a “sector perform” rating and a $118.00 price objective for the company. Vetr cut United Technologies Corporation from a “buy” rating to a “hold” rating and set a $106.05 price objective for the company. in a report on Monday, November 7th. Finally, Zacks Investment Research raised United Technologies Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 26th. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $113.09.

In related news, Director Brian C. Rogers purchased 5,000 shares of United Technologies Corporation stock in a transaction dated Wednesday, December 7th. The stock was bought at an average cost of $107.94 per share, for a total transaction of $539,700.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $539,700. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert J. Bailey sold 967 shares of United Technologies Corporation stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $106.46, for a total transaction of $102,946.82. Following the sale, the vice president now owns 2,000 shares of the company’s stock, valued at $212,920. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

United Technologies Corporation Company Profile

United Technologies Corporation is engaged in providing high technology products and services to the building systems and aerospace industries around the world. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. Its Otis segment designs, manufactures, sells and installs a range of passenger and freight elevators, as well as a line of escalators and moving walkways.

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