United Technologies Corp (NYSE:UTX).
Thomaspartners, Inc. increased its stake in United Technologies Corp by 2.7% as reported in a filing on 11/15/2017. Its investment was worth $299,119,000 a decrease of $7,334,000 according to the filing.
The following firms have recently changed their position in UTX. Tredje Ap-fonden added to its holdings by buying 67,189 shares an increase of 13.7%. Tredje Ap-fonden now controls 86,783 shares with a value of $10,074,000. The value of the position overall is up by 8.1%. Thomaspartners, Inc. bolstered its ownership by buying 67,189 shares an increase of 2.7% as of 09/30/2017. Thomaspartners, Inc. now holds 2,576,834 shares valued at $299,119,000. The total value of its holdings decreased 2.4%.
As of the end of the quarter Thomaspartners, Inc. had bought a total of 10,440 shares growing its holdings by 2.7%. The value of the investment in (UTX) decreased from $306,453,000 to $299,119,000 a change of $7,334,000 quarter over quarter. Baird Financial Group, Inc. expanded its investment by buying 211 shares an increase of 0.1% from 06/30/2017 to 09/30/2017. Baird Financial Group, Inc. controls 394,165 shares worth $45,755,000. The total value of its holdings decreased 4.9%.
As of quarter end Omers Administration Corp had acquired 210,742 shares growing its stake by 13.1%. The value of the investment in UTX went from $197,186,000 to $211,912,000 a change of 7.5% since the last quarter.
On November 10 Cowen and Company maintained a company rating of “Hold” with a current price target of $120.00. Equity analyst Stifel Nicolaus raised the price target on October 25 changing the forecast from $122.00 to $124.00 with a “Hold” recommendation.
October 24 investment analysts at Cowen and Company left the company rating at “Hold” targeting a price of $120.00. On October 10 Royal Bank Of Canada made no change to the stock rating of “Hold” projecting a price of $126.00.
September 6 investment analysts at Bank of America Corporation kept the stock rating at “Buy” projecting a price of $140.00.
In the market the company is trading down by 1.21% since yesterday’s close of 118.8. The company currently has a P/E ratio of 18.15 and the market cap is 93.72B. As of the last earnings report the EPS was $6.46 with 798.57M shares presently outstanding.
Investors are feeling more bearish recently considering the rise in short interest. The firm experienced a rise in short interest between September 29, 2017 and October 13, 2017 of 6.66%. Short shares grew 727,255 over that period. The days to cover increased to 5.0 and the percentage of shorted shares was 0.01% on October 13.