Blackhawk Capital Partners LLC. Buys 4,051 Shares of United Technologies Co. (NYSE:UTX)


Blackhawk Capital Partners LLC. lifted its stake in shares of United Technologies Co. (NYSE:UTX) by 41.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,866 shares of the conglomerate’s stock after purchasing an additional 4,051 shares during the quarter. United Technologies accounts for about 1.7% of Blackhawk Capital Partners LLC.’s portfolio, making the stock its 22nd largest position. Blackhawk Capital Partners LLC.’s holdings in United Technologies were worth $1,805,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Chilton Capital Management LLC grew its holdings in United Technologies by 172.4% during the 2nd quarter. Chilton Capital Management LLC now owns 5,706 shares of the conglomerate’s stock worth $743,000 after acquiring an additional 3,611 shares during the last quarter. United Capital Financial Advisers LLC boosted its stake in shares of United Technologies by 3.1% in the 2nd quarter. United Capital Financial Advisers LLC now owns 316,314 shares of the conglomerate’s stock valued at $41,184,000 after purchasing an additional 9,466 shares during the last quarter. Profund Advisors LLC boosted its stake in shares of United Technologies by 1.9% in the 2nd quarter. Profund Advisors LLC now owns 21,915 shares of the conglomerate’s stock valued at $2,853,000 after purchasing an additional 404 shares during the last quarter. Bank of Nova Scotia boosted its stake in shares of United Technologies by 1.3% in the 2nd quarter. Bank of Nova Scotia now owns 236,082 shares of the conglomerate’s stock valued at $29,558,000 after purchasing an additional 2,967 shares during the last quarter. Finally, Everett Harris & Co. CA boosted its stake in shares of United Technologies by 8.5% in the 2nd quarter. Everett Harris & Co. CA now owns 67,680 shares of the conglomerate’s stock valued at $8,812,000 after purchasing an additional 5,319 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors.

Shares of UTX stock opened at $135.95 on Thursday. The firm has a 50-day moving average of $130.05 and a 200-day moving average of $130.91. The company has a market cap of $115.55 billion, a P/E ratio of 17.86, a P/E/G ratio of 1.90 and a beta of 1.21. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.05 and a quick ratio of 0.74. United Technologies Co. has a one year low of $100.48 and a one year high of $144.40.

United Technologies (NYSE:UTX) last announced its earnings results on Tuesday, July 23rd. The conglomerate reported $2.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.04 by $0.16. The company had revenue of $19.63 billion during the quarter, compared to the consensus estimate of $19.58 billion. United Technologies had a net margin of 7.13% and a return on equity of 16.81%. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.97 earnings per share. As a group, research analysts expect that United Technologies Co. will post 8.03 earnings per share for the current fiscal year.

A number of research firms have recently commented on UTX. Morgan Stanley upped their price objective on shares of United Technologies from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Barclays upped their price objective on shares of United Technologies from $149.00 to $153.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Seaport Global Securities raised shares of United Technologies from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a research note on Monday, June 10th. Bank of America reaffirmed a “buy” rating and issued a $195.00 price objective (up from $185.00) on shares of United Technologies in a research note on Thursday, July 25th. Finally, William Blair reaffirmed a “hold” rating on shares of United Technologies in a research note on Tuesday, September 3rd. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $152.21.

In related news, EVP Elizabeth B. Amato sold 4,298 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $135.71, for a total transaction of $583,281.58. Following the completion of the transaction, the executive vice president now owns 30,847 shares in the company, valued at $4,186,246.37. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Michael R. Dumais sold 4,329 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $130.98, for a total transaction of $567,012.42. Following the transaction, the executive vice president now owns 39,265 shares of the company’s stock, valued at approximately $5,142,929.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,567 shares of company stock valued at $8,030,281. 0.15% of the stock is currently owned by corporate insiders.

United Technologies Profile

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.

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

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