Insider Selling: United Technologies Co. (NYSE:UTX) EVP Sells 4,113 Shares of Stock

United Technologies Co. (NYSE:UTX) EVP Elizabeth B. Amato sold 4,113 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $137.18, for a total transaction of $564,221.34. Following the sale, the executive vice president now directly owns 31,501 shares in the company, valued at $4,321,307.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

UTX traded up $0.60 during midday trading on Friday, hitting $138.06. 3,004,653 shares of the company traded hands, compared to its average volume of 3,654,504. The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $115.55 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 1.89 and a beta of 1.21. United Technologies Co. has a 52-week low of $100.48 and a 52-week high of $144.40. The business has a 50 day simple moving average of $130.05 and a two-hundred day simple moving average of $130.91.

United Technologies (NYSE:UTX) last posted its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $2.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.04 by $0.16. The business had revenue of $19.63 billion for the quarter, compared to the consensus estimate of $19.58 billion. United Technologies had a net margin of 7.13% and a return on equity of 16.81%. The company’s revenue was up 17.5% compared to the same quarter last year. During the same period last year, the firm posted $1.97 earnings per share. Equities research analysts anticipate that United Technologies Co. will post 8.03 earnings per share for the current year.

A number of analysts recently issued reports on UTX shares. Vertical Research raised shares of United Technologies from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Friday, June 14th. Bank of America reissued a “buy” rating and set a $195.00 price target (up from $185.00) on shares of United Technologies in a report on Thursday, July 25th. Cowen reissued a “buy” rating and set a $150.00 price target on shares of United Technologies in a report on Wednesday, September 4th. William Blair reissued a “hold” rating on shares of United Technologies in a report on Tuesday, September 3rd. Finally, Morgan Stanley increased their price target on shares of United Technologies from $155.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $152.21.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Princeton Global Asset Management LLC lifted its holdings in United Technologies by 4.2% during the second quarter. Princeton Global Asset Management LLC now owns 16,792 shares of the conglomerate’s stock valued at $2,186,000 after purchasing an additional 679 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of United Technologies by 0.7% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 182,670 shares of the conglomerate’s stock worth $23,784,000 after buying an additional 1,291 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of United Technologies in the second quarter worth about $807,000. Rehmann Capital Advisory Group lifted its stake in shares of United Technologies by 28.2% in the second quarter. Rehmann Capital Advisory Group now owns 3,337 shares of the conglomerate’s stock worth $435,000 after buying an additional 735 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in shares of United Technologies by 29.9% in the second quarter. EP Wealth Advisors LLC now owns 149,948 shares of the conglomerate’s stock worth $19,523,000 after buying an additional 34,477 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

United Technologies Company Profile

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.

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