As United Technologies Corp (Call) (UTX) Shares Declined, Shareholder Jefferies Group LLC Has Decreased Its Stake by $3.90 Million

May 17, 2018 - By Harriett Tippett

United Technologies Corporation (NYSE:UTX) LogoInvestors sentiment decreased to 0.92 in 2017 Q4. Its down 0.13, from 1.05 in 2017Q3. It fall, 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. Anderson Hoagland And reported 5,360 shares. Moreover, Mitchell Mcleod Pugh Williams Incorporated has 0.36% invested in United Technologies Corporation (NYSE:UTX). Coastline invested in 0.26% or 13,685 shares. Tokio Marine Asset Mgmt Company invested in 6,581 shares or 0.13% of the stock. 13,692 are held by Timber Hill. Franklin Res holds 5.72 million shares or 0.35% of its portfolio. The Texas-based Cullen Frost Bankers has invested 0.3% in United Technologies Corporation (NYSE:UTX). 2,100 are held by Loeb Prtn Corp. Jarislowsky Fraser reported 4,102 shares. Moreover, Levin Cap Strategies Lp has 1.26% invested in United Technologies Corporation (NYSE:UTX). Cincinnati Fincl Corporation has invested 0.12% in United Technologies Corporation (NYSE:UTX). Pacad Investment accumulated 800 shares or 0.02% of the stock. Wealthfront holds 0.03% or 17,692 shares in its portfolio. Mitchell Sinkler & Starr Pa has 1.81% invested in United Technologies Corporation (NYSE:UTX). Sandy Spring Retail Bank has invested 0.9% in United Technologies Corporation (NYSE:UTX).

Since December 13, 2017, it had 1 insider purchase, and 6 insider sales for $1.25 million activity. MCDONOUGH ROBERT J sold 10,770 shares worth $1.28 million. Shares for $1.09M were bought by Reynolds Fredric G. Amato Elizabeth B had sold 4,341 shares worth $546,600 on Friday, December 15.

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 $31.20M, 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 $99.84B market cap company. The stock increased 0.57% or $0.71 during the last trading session, reaching $124.79. About 1.89M shares traded. United Technologies Corporation (NYSE:UTX) has risen 12.03% since May 17, 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 Zimmer Biomet Hldgs Inc (ZMH) by 63,301 shares to 65,946 shares, valued at $7.96M in 2017Q4, according to the filing. It also increased its holding in Transocean Ltd (NYSE:RIG) by 819,089 shares in the quarter, for a total of 884,089 shares, and has risen its stake in Time Warner Inc (Call) (NYSE:TWX).

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on July, 24. They expect $1.84 EPS, down 0.54 % or $0.01 from last year’s $1.85 per share. UTX’s profit will be $1.47 billion for 16.96 P/E if the $1.84 EPS becomes a reality. After $1.77 actual EPS reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts 3.95 % EPS growth.

More recent United Technologies Corporation (NYSE:UTX) news were published by: Seekingalpha.com which released: “Third Point (Dan Loeb) Q1 2018 Investor Letter” on May 10, 2018. Also Streetinsider.com published the news titled: “United Technologies (NYSE: UTX) May calls active after Third Point expressed views of the company’s portfolio structure” on May 04, 2018. Streetinsider.com‘s news article titled: “Ackman’s Pershing Square Confirms Stake in United Technologies (UTX) (more…) – 13F” with publication date: May 15, 2018 was also an interesting one.

United Technologies Corporation (NYSE:UTX) Ratings Coverage

Among 12 analysts covering United Technologies (NYSE:UTX), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. United Technologies had 20 analyst reports since December 5, 2017 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, January 5 by Robert W. Baird. The rating was upgraded by Goldman Sachs on Monday, January 8 to “Buy”. On Thursday, January 25 the stock rating was maintained by Jefferies with “Buy”. The firm has “Overweight” rating given on Tuesday, December 5 by Atlantic Securities. The rating was maintained by UBS with “Buy” on Thursday, March 15. Stifel Nicolaus maintained it with “Hold” rating and $13100 target in Tuesday, April 3 report. As per Thursday, February 15, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus on Thursday, January 25 with “Hold”. The rating was upgraded by RBC Capital Markets on Wednesday, January 3 to “Buy”. Jefferies maintained United Technologies Corporation (NYSE:UTX) on Monday, January 8 with “Buy” rating.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

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