Harel Insurance Investments & Financial Services Ltd. boosted its stake in United Technologies Co. (NYSE:UTX) by 141.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,290 shares of the conglomerate’s stock after buying an additional 2,516 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in United Technologies were worth $498,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of UTX. Knowledge Leaders Capital LLC purchased a new position in United Technologies in the 3rd quarter worth approximately $105,000. Tortoise Investment Management LLC raised its holdings in United Technologies by 5.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock worth $117,000 after acquiring an additional 48 shares during the last quarter. Seven Bridges Advisors LLC purchased a new position in United Technologies in the 2nd quarter worth approximately $120,000. Thompson Davis & CO. Inc. raised its holdings in United Technologies by 750.4% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,080 shares of the conglomerate’s stock worth $125,000 after acquiring an additional 953 shares during the last quarter. Finally, Winfield Associates Inc. raised its holdings in United Technologies by 2.9% in the 2nd quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock worth $126,000 after acquiring an additional 29 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

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A number of equities analysts recently weighed in on UTX shares. Zacks Investment Research upgraded shares of United Technologies from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Robert W. Baird raised shares of United Technologies from a “neutral” rating to an “outperform” rating in a research report on Friday, January 5th. Royal Bank of Canada set a $126.00 target price on shares of United Technologies and gave the stock a “hold” rating in a research report on Sunday, November 12th. Cowen reaffirmed a “hold” rating and issued a $120.00 target price on shares of United Technologies in a research report on Tuesday, October 24th. Finally, Stifel Nicolaus lifted their target price on shares of United Technologies from $122.00 to $124.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $134.86.

In other news, VP Akhil Johri sold 5,979 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $121.03, for a total transaction of $723,638.37. Following the sale, the vice president now directly owns 23,295 shares in the company, valued at approximately $2,819,393.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert J. Bailey sold 827 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $118.06, for a total transaction of $97,635.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,466 shares of company stock worth $2,019,274. Corporate insiders own 0.16% of the company’s stock.

Shares of United Technologies Co. (NYSE:UTX) traded down $1.30 during mid-day trading on Monday, reaching $136.67. 3,480,000 shares of the company’s stock traded hands, compared to its average volume of 3,820,000. The stock has a market cap of $109,140.00, a PE ratio of 23.98, a P/E/G ratio of 2.35 and a beta of 1.07. United Technologies Co. has a 1-year low of $106.85 and a 1-year high of $139.24. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.94 and a current ratio of 1.35.

United Technologies (NYSE:UTX) last announced its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $1.60 EPS for the quarter, topping the consensus estimate of $1.56 by $0.04. The business had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $15.34 billion. United Technologies had a net margin of 7.61% and a return on equity of 17.35%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.56 EPS. research analysts forecast that United Technologies Co. will post 7.01 EPS for the current fiscal year.

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About United Technologies

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. Otis operates as an elevator and escalator manufacturing, installation and service company.

Institutional Ownership by Quarter for United Technologies (NYSE:UTX)

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