The United Technologies Corp. (UTX) Stake Held by Harvey Capital Management Inc.

The United Technologies Corp. (UTX) Stake Held by Harvey Capital Management Inc.

Harvey Capital Management Inc. held its position in United Technologies Corp. (NYSE:UTX) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,400 shares of the company’s stock at the end of the third quarter. Harvey Capital Management Inc.’s holdings in United Technologies Corp. were worth $243,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in UTX. Thomas J. Herzfeld Advisors Inc. boosted its stake in shares of United Technologies Corp. by 181.1% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,071 shares of the company’s stock valued at $110,000 after buying an additional 690 shares during the last quarter. CWM LLC boosted its stake in shares of United Technologies Corp. by 5.0% in the second quarter. CWM LLC now owns 1,124 shares of the company’s stock valued at $115,000 after buying an additional 54 shares during the last quarter. Penserra Capital Management LLC boosted its stake in shares of United Technologies Corp. by 136.6% in the third quarter. Penserra Capital Management LLC now owns 1,150 shares of the company’s stock valued at $116,000 after buying an additional 664 shares during the last quarter. Nelson Roberts Investment Advisors LLC boosted its stake in shares of United Technologies Corp. by 30.1% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 1,183 shares of the company’s stock valued at $121,000 after buying an additional 274 shares during the last quarter. Finally, Cable Hill Partners LLC boosted its stake in shares of United Technologies Corp. by 59.0% in the second quarter. Cable Hill Partners LLC now owns 1,181 shares of the company’s stock valued at $122,000 after buying an additional 438 shares during the last quarter. 78.30% of the stock is currently owned by institutional investors.

Shares of United Technologies Corp. (NYSE:UTX) traded up 0.05% during trading on Friday, hitting $110.79. The stock had a trading volume of 3,134,293 shares. The stock has a 50 day moving average price of $109.82 and a 200-day moving average price of $105.62. The stock has a market capitalization of $91.23 billion, a price-to-earnings ratio of 12.66 and a beta of 1.11. United Technologies Corp. has a one year low of $83.39 and a one year high of $112.83.

United Technologies Corp. (NYSE:UTX) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.09. The firm earned $14.40 billion during the quarter, compared to analysts’ expectations of $12.28 billion. United Technologies Corp. had a return on equity of 18.28% and a net margin of 12.87%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.67 EPS. On average, equities research analysts predict that United Technologies Corp. will post $6.60 earnings per share for the current year.

Several equities research analysts recently commented on UTX shares. Wells Fargo & Co. reissued a “buy” rating on shares of United Technologies Corp. in a research note on Monday, November 14th. Vetr raised United Technologies Corp. from a “hold” rating to a “buy” rating and set a $120.61 price target for the company in a research note on Monday, December 19th. Barclays PLC reissued an “equal weight” rating and issued a $111.00 price target on shares of United Technologies Corp. in a research note on Friday, December 16th. Credit Suisse Group AG reissued a “hold” rating and issued a $109.00 price target on shares of United Technologies Corp. in a research note on Friday, September 30th. Finally, Deutsche Bank AG boosted their price target on United Technologies Corp. from $105.00 to $112.00 and gave the company a “hold” rating in a research note on Monday, December 5th. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $113.09.

In other United Technologies Corp. news, VP Robert J. Bailey sold 967 shares of United Technologies Corp. stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $106.46, for a total value of $102,946.82. Following the completion of the transaction, the vice president now directly owns 2,000 shares of the company’s stock, valued at approximately $212,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian C. Rogers acquired 5,000 shares of the company’s stock in a transaction on Wednesday, December 7th. The stock was bought at an average cost of $107.94 per share, with a total value of $539,700.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at $539,700. The disclosure for this purchase can be found here. 0.15% of the stock is owned by insiders.

United Technologies Corp. 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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