Davis Selected Advisers Decreased Its United Technologies Corp. (UTX) Stake by $8.48 Million as Shares Declined

May 16, 2018 - By Michele Cranor

United Technologies Corporation (NYSE:UTX) Corporate LogoDuring Q4 2017 the big money sentiment decreased to 0.92. That’s change of 0.13, from 2017Q3’s 1.05. 58 investors sold all, 554 reduced holdings as UTX ratio worsened. 441 increased positions while 121 funds bought positions. Funds hold 624.06 million shares thus 0.48% more from 2017Q3’s 621.08 million shares. 1,807 were accumulated by First Retail Bank Of Newtown. Gemmer Asset Management Ltd Liability Company accumulated 473 shs or 0.02% of the stock. First Merchants Corporation has invested 1.56% in United Technologies Corporation (NYSE:UTX). Patten Grp has invested 1.44% in United Technologies Corporation (NYSE:UTX). Cypress Management Limited Com (Wy) invested in 1.02% or 7,050 shs. Moreover, Cornercap Inv Counsel Inc has 0.45% invested in United Technologies Corporation (NYSE:UTX) for 25,965 shs. Texas Yale holds 0.07% in United Technologies Corporation (NYSE:UTX) or 6,253 shs. Ferguson Wellman Cap stated it has 50,762 shs. Triangle Securities Wealth Management stated it has 1.83% in United Technologies Corporation (NYSE:UTX). Buckingham Capital Management Inc accumulated 8,919 shs or 0.24% of the stock. Greystone Inv Limited Liability Company stated it has 1,650 shs or 0.1% of all its holdings. Colonial Trust holds 87,253 shs or 1.73% of its capital. Dnb Asset Mgmt As invested 0.24% of its capital in United Technologies Corporation (NYSE:UTX). Matrix Asset Advisors New York holds 156,382 shs or 3.17% of its capital. Moreover, Bridges Invest Counsel has 0.64% invested in United Technologies Corporation (NYSE:UTX).

UTX had 6 selling transactions and 1 buy since December 13, 2017. This’s net activity of $1.25 million. Bailey Robert J. also sold $56,034 worth of United Technologies Corporation (NYSE:UTX) shs. On Wednesday, May 2 the insider MCDONOUGH ROBERT J sold $1.28M. Amato Elizabeth B sold $546,600 worth of United Technologies Corporation (NYSE:UTX) on Friday, December 15.

In United Technologies Corp. (UTX) was decreased the holdings owned by Davis Selected Advisers. The decrease is 0.87% according to 2017Q4 SEC form. The company’s stock declined 1.53% with the market as Davis Selected Advisers sold 66,809 shares. The aerospace company reported $969.46M value for the 2017Q4. Now the institutional investor is holding 7.60M shares, compared to the 7.67 million from the previous quarter. $99.82 billion is the market cap of United Technologies Corp.. Ticker’s shares touched $124.77 during the last trading session after 0.18% change.United Technologies Corporation has volume of 2.47 million shares. Since May 16, 2017 UTX has risen 12.03% and is uptrending. UTX outperformed by 0.48% the S&P500.

About $48.17B and $23.54 billion US Long portfolio Davis Selected Advisers manages. Its stake in Ctrip.Com International Ltd. Adr (NASDAQ:CTRP) was increased by 137,430 shares to 256,991 shares valued at $11.33M in 2017Q4, according to the filing. Davis Selected Advisers has risen its stake in Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) and also increased its holding in Axalta Coating Systems Ltd. by 174,808 shares in the quarter, for a total of 9.58M shares.

Earnings report for United Technologies Corporation (NYSE:UTX) is anticipated on July, 24., as reported by Faxor. Analysts expect change of 0.54 % or $0.01 from previous year’s $1.85 earnings per share compared to current’s $1.84 earnings per share. If the current earnings per share of $1.84 is accurate, UTX’s profit could be $1.47 billion. After $1.77 EPS report previous quarter, Wall Street now sees 3.95 % EPS growth of United Technologies Corporation.

A couple more United Technologies Corporation (NYSE:UTX) news were brought out by: Streetinsider.com which released on May 15, 2018 “Ackman’s Pershing Square Confirms Stake in United Technologies (UTX) (more…) – 13F”, also Prnewswire.com on May 16, 2018 brought out “UTC Aerospace Systems Enhances Aircraft Intelligence To Improve Fleet Operations And Passenger Experience”, the next Streetinsider.com is “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” on May 15, 2018. Seekingalpha.com has article titled “Third Point (Dan Loeb) Q1 2018 Investor Letter”.

United Technologies Corporation (NYSE:UTX) Ratings Coverage

A total of 12 analysts rate United Technologies (NYSE:UTX) as follows: 9 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 75% are bullish. (NYSE:UTX) has 20 ratings reports on May 16, 2018 according to StockzIntelligence. On Friday, February 9 the firm earned “Buy” rating by Argus Research. The company rating was upgraded by Daiwa Securities on Tuesday, May 8. On Friday, April 6 the firm has “Buy” rating given by RBC Capital Markets. The company rating was maintained by Stifel Nicolaus on Thursday, February 15. The stock rating was maintained by Cowen & Co with “Hold” on Monday, January 22. On Monday, January 8 Jefferies maintained the shares of UTX in report with “Buy” rating. On Thursday, January 25 the rating was maintained by Stifel Nicolaus with “Hold”. In Tuesday, January 23 report UBS initiated it with “Buy” rating and $158.0 target. On Monday, January 8 the rating was upgraded by Goldman Sachs to “Buy”. On Monday, February 26 the firm has “Overweight” rating by Barclays Capital given.

United Technologies Corporation (NYSE:UTX) Institutional Investors Chart

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