As United Technologies Corp (UTX) Share Price Declined, Shareholder Morgan Stanley Decreased by $115.51 Million Its Position

May 16, 2018 - By John Moody

United Technologies Corporation (NYSE:UTX) LogoInvestors sentiment decreased to 0.92 in Q4 2017. Its down 0.13, from 1.05 in 2017Q3. It worsened, as 58 investors sold UTX shares while 554 reduced holdings. 121 funds opened positions while 441 raised stakes. 624.06 million shares or 0.48% more from 621.08 million shares in 2017Q3 were reported. California State Teachers Retirement Systems has invested 0.37% in United Technologies Corporation (NYSE:UTX). Northcoast Asset Ltd Limited Liability Company owns 11,349 shares. At Bancorp holds 4,994 shares. Moody Bank & Trust Division has invested 0.04% of its portfolio in United Technologies Corporation (NYSE:UTX). Cls Investments Limited Liability Corp invested in 0% or 154 shares. Cape Cod Five Cents Retail Bank stated it has 0.26% in United Technologies Corporation (NYSE:UTX). Gamco Invsts Et Al holds 7,316 shares or 0.01% of its portfolio. Westover Cap Advisors accumulated 8,716 shares. Washington Tru State Bank owns 3,529 shares. Wells Fargo Mn has 9.87M shares for 0.36% of their portfolio. Massachusetts Fincl Company Ma invested in 0.93% or 17.34M shares. Piedmont Advisors Limited Co has invested 0.47% in United Technologies Corporation (NYSE:UTX). Tru Of Toledo Na Oh invested in 1.15% or 36,151 shares. 3.35 million were reported by Barclays Public Ltd Llc. Congress Asset Mgmt Ma holds 0.01% of its portfolio in United Technologies Corporation (NYSE:UTX) for 6,712 shares.

Since December 13, 2017, it had 1 insider purchase, and 6 selling transactions for $1.25 million activity. 4,341 United Technologies Corporation (NYSE:UTX) shares with value of $546,600 were sold by Amato Elizabeth B. Reynolds Fredric G bought $1.09M worth of United Technologies Corporation (NYSE:UTX) on Friday, April 27. The insider MCDONOUGH ROBERT J sold $1.28M.

Morgan Stanley decreased its stake in United Technologies Corp (UTX) by 5.29% based on its latest 2017Q4 regulatory filing with the SEC. Morgan Stanley sold 909,525 shares as the company’s stock declined 1.53% with the market. The institutional investor held 16.27M shares of the aerospace company at the end of 2017Q4, valued at $2.08B, down from 17.18 million at the end of the previous reported quarter. Morgan Stanley who had been investing in United Technologies Corp for a number of months, seems to be less bullish one the $99.48 billion market cap company. The stock decreased 0.17% or $0.21 during the last trading session, reaching $124.34. About 2.08 million shares traded. United Technologies Corporation (NYSE:UTX) has risen 12.03% since May 16, 2017 and is uptrending. It has outperformed by 0.48% the S&P500.

Morgan Stanley, which manages about $60.09 billion and $365.35 billion US Long portfolio, upped its stake in Geo Group Inc New (NYSE:GEO) by 377,534 shares to 1.04 million shares, valued at $24.50M in 2017Q4, according to the filing. It also increased its holding in Vanguard Mun Bd Fd Inc by 254,130 shares in the quarter, for a total of 366,499 shares, and has risen its stake in Gener8 Maritime Inc.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on July, 24. They expect $1.84 earnings per share, down 0.54 % or $0.01 from last year’s $1.85 per share. UTX’s profit will be $1.47 billion for 16.89 P/E if the $1.84 EPS becomes a reality. After $1.77 actual earnings per share reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts 3.95 % EPS growth.

More important recent United Technologies Corporation (NYSE:UTX) news were published by: Streetinsider.com which released: “Ackman’s Pershing Square Confirms Stake in United Technologies (UTX) (more…) – 13F” on May 15, 2018, also Seekingalpha.com published article titled: “Third Point (Dan Loeb) Q1 2018 Investor Letter”, Prnewswire.com published: “UTC Aerospace Systems Enhances Aircraft Intelligence To Improve Fleet Operations And Passenger Experience” on May 16, 2018. More interesting news about United Technologies Corporation (NYSE:UTX) was released by: Streetinsider.com and their article: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” with publication date: May 15, 2018.

United Technologies Corporation (NYSE:UTX) Ratings Coverage

Among 12 analysts covering United Technologies (NYSE:UTX), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. United Technologies had 20 analyst reports since December 5, 2017 according to SRatingsIntel. The rating was upgraded by Daiwa Securities to “Outperform” on Tuesday, May 8. Cowen & Co maintained United Technologies Corporation (NYSE:UTX) rating on Monday, January 22. Cowen & Co has “Hold” rating and $141.0 target. UBS maintained the stock with “Buy” rating in Thursday, March 15 report. Bernstein maintained United Technologies Corporation (NYSE:UTX) on Tuesday, January 30 with “Hold” rating. On Friday, February 9 the stock rating was upgraded by Argus Research to “Buy”. The stock of United Technologies Corporation (NYSE:UTX) earned “Buy” rating by RBC Capital Markets on Tuesday, January 23. The firm has “Buy” rating by RBC Capital Markets given on Friday, April 6. The stock of United Technologies Corporation (NYSE:UTX) earned “Hold” rating by Stifel Nicolaus on Thursday, January 25. As per Wednesday, January 3, the company rating was upgraded by RBC Capital Markets. Jefferies maintained it with “Buy” rating and $157.0 target in Thursday, January 25 report.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

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