Akhil Johri Sells 5979 Shares of United Technologies Co. (NYSE:UTX) Stock

Marco Green
December 16, 2017

Rowan Companies plc (NYSE:RDC) has declined 16.50% since December 15, 2016 and is downtrending. It has outperformed by 6.29% the S&P500. The Scopia Capital Management Lp holds 1.93 million shares with $87.26M value, up from 1.47 million last quarter. The institutional investor held 27,833 shares of the aerospace company at the end of 2017Q2, valued at $3.40 million, up from 24,773 at the end of the previous reported quarter. The stock increased 1.95% or $2.41 during the last trading session, reaching $126.17. About 7.93 million shares traded or 26.23% up from the average.

United Technologies (NYSE:UTX) last issued its quarterly earnings data on Tuesday, October 24th. It has underperformed by 10.02% the S&P500. The shares were sold at an average price of $120.98, for a total value of $361,246.28. Mastrapasqua Asset Mgmt stated it has 75,364 shares or 1.98% of all its holdings. At Retail Bank invested 0.08% of its portfolio in United Technologies Corporation (NYSE:UTX). Therefore 33% are positive. Cowen reiterated a "buy" rating and issued a $127.00 price target on shares of United Technologies in a report on Tuesday, September 5th.

COPYRIGHT VIOLATION NOTICE: "United Technologies (UTX) Upgraded to Overweight at Atlantic Securities" was first posted by StockNewsTimes and is owned by of StockNewsTimes. Cowen reissued a "hold" rating and issued a $120.00 price objective on shares of United Technologies in a research note on Friday, November 10th. The firm has "Buy" rating by Investec given on Tuesday, December 15. The rating was upgraded by Independent Research on Thursday, December 1 to "Buy". The firm earned "Buy" rating on Monday, September 19 by UBS.

Investors sentiment decreased to 0.95 in 2017 Q2. Its up 0.10, from 0.95 in 2017Q1.

Other large investors have also bought and sold shares of the company. 112 funds opened positions while 451 raised stakes. The conglomerate reported $1.73 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.68 by $0.05. Harbour Capital Advisors LLC increased its holdings in shares of United Technologies by 11,652.2% in the 2nd quarter. Chesley Taft Assoc Lc, a Illinois-based fund reported 7,234 shares. Baystate Wealth Management LLC lifted its stake in United Technologies by 0.5% in the second quarter. Alpha Cubed Invs Limited Co has invested 2.09% in United Technologies Corporation (NYSE:UTX).

More news for United Technologies Corporation (NYSE:UTX) were recently published by: Prnewswire.com, which released: "Paul Eremenko Joins United Technologies Corporation as Chief Technology Officer" on November 30, 2017. Arcadia Investment Mgmt Mi invested 0.02% of its portfolio in United Technologies Corporation (NYSE:UTX). Amp Cap Ltd reported 0.02% of its portfolio in Targa Resources Corp. Geode Mngmt Limited Liability Corp owns 0.35% invested in United Technologies Corporation (NYSE:UTX) for 7.26M shares.

Goodwin Daniel L holds 0.24% of its portfolio in BlackRock Municipal Income Quality Trust for 36,622 shares. (NYSE:V). Windsor Gp Limited Company holds 2.53% or 57,875 shares in its portfolio. Fil Limited reported 386,164 shares. Eqis Capital Mgmt owns 18,940 shares or 0.13% of their USA portfolio. (NYSE:TRGP). Miller Howard Invests Inc Ny stated it has 281,997 shares or 0.25% of all its holdings.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on January, 24. Russell Investments Group Ltd. now owns 1,695,965 shares of the conglomerate's stock worth $207,154,000 after buying an additional 9,664 shares in the last quarter. V's profit will be $2.20 billion for 29.31 P/E if the $0.97 EPS becomes a reality. United Technologies has a fifty-two week low of $106.85 and a fifty-two week high of $126.44. Tortoise Investment Management LLC now owns 962 shares of the conglomerate's stock worth $117,000 after acquiring an additional 48 shares in the last quarter. It also reduced its holding in Haemonetics Corp (NYSE:HAE) by 10,685 shares in the quarter, leaving it with 22,960 shares, and cut its stake in Wyndham Worldwide (NYSE:WYN). The firm had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. (NYSE:V) rating on Monday, June 6. Therefore 56% are positive. Targa Resources had 74 analyst reports since August 5, 2015 according to SRatingsIntel. Citigroup maintained it with "Buy" rating and $115 target in Wednesday, October 21 report. Compass Point initiated the shares of V in report on Friday, April 15 with "Neutral" rating. Jefferies maintained Lowe's Companies, Inc. Jefferies has "Hold" rating and $8900 target. Credit Suisse downgraded Visa Inc. The rating was maintained by Citigroup with "Buy" on Wednesday, October 21. The company was upgraded on Thursday, December 15 by Bank of America. The stock of Visa Inc. On Thursday, October 8 the stock rating was initiated by JP Morgan with "Neutral". The rating was maintained by RBC Capital Markets with "Sector Perform" on Thursday, January 28. Shareholders of record on Friday, November 17th were issued a $0.70 dividend. Jefferies has "Hold" rating and $81.0 target. The stock presently has an average rating of "Hold" and a consensus target price of $125.63.

Since August 1, 2017, it had 0 insider purchases, and 4 sales for $11.07 million activity. JOHNSON JAMES WILLIAM sold $3.43M worth of stock.

Investors sentiment increased to 1.13 in 2017 Q2. The company has a quick ratio of 0.91, a current ratio of 1.31 and a debt-to-equity ratio of 0.76. It increased, as 79 investors sold LOW shares while 402 reduced holdings. 123 funds opened positions while 564 raised stakes. Fiduciary Fincl Service Of The Southwest Tx has invested 0.15% of its portfolio in Targa Resources Corp. Following the completion of the sale, the vice president now directly owns 23,295 shares of the company's stock, valued at $2,819,393.85. Windacre Partnership Llc who had been investing in Visa Inc for a number of months, seems to be bullish on the $257.94 billion market cap company. Paragon Mgmt Ltd holds 1,870 shares. Dearborn has 0.13% invested in Visa Inc. Deily Linnet F had sold 2,312 shares worth $248,274 on Wednesday, August 16.

Capital International Sarl decreased Tenaris Sa Adr (NYSE:TS) stake by 38,100 shares to 466,300 valued at $14.52M in 2017Q2.

The top 5 institutional holders, in ascending order, are as follows: STATE STREET CORP with 91.65 million shares, VANGUARD GROUP INC with 55.39 million shares, BLACKROCK INC. with 46.03 million shares, FMR LLC with 21.05 million shares, and MASSACHUSETTS FINANCIAL SERVICES CO /MA/ with 17.64 million shares.

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