Teachers Retirement System Of The State Of Kentucky Lowered United Technologies Corp (UTX) Holding by $51.12 Million

November 14, 2017 - By Vivian Park

Investors sentiment decreased to 0.95 in Q2 2017. Its down 0.03, from 0.98 in 2017Q1. It is negative, as 39 investors sold UTX shares while 553 reduced holdings. 112 funds opened positions while 451 raised stakes. 611.76 million shares or 0.92% less from 617.43 million shares in 2017Q1 were reported. Quantum Capital reported 9,863 shares or 0.3% of all its holdings. Acropolis Invest Mngmt Ltd stated it has 0.19% in United Technologies Corporation (NYSE:UTX). Usca Ria Limited reported 0.18% of its portfolio in United Technologies Corporation (NYSE:UTX). Bradley Foster Sargent Ct reported 2.64% in United Technologies Corporation (NYSE:UTX). Salem Inv Counselors Inc has 141,510 shares. 243,829 are owned by Cap Financial Advisers Lc. 70,330 are held by Hemenway Trust Company Ltd Limited Liability Company. Clearbridge Ltd owns 0.18% invested in United Technologies Corporation (NYSE:UTX) for 1.52 million shares. Pineno Levin And Ford Asset Management holds 2,433 shares. Nordea Inv Mgmt Ab invested in 0.12% or 400,325 shares. Tortoise Investment Limited Liability invested 0.04% of its portfolio in United Technologies Corporation (NYSE:UTX). Hayek Kallen Invest Mngmt holds 2.05% of its portfolio in United Technologies Corporation (NYSE:UTX) for 24,832 shares. Forte Ltd Adv has 0.08% invested in United Technologies Corporation (NYSE:UTX) for 1,924 shares. Phocas Financial Corp invested in 310 shares. Strategic Advisors Ltd Liability holds 4,580 shares.

Teachers Retirement System Of The State Of Kentucky decreased its stake in United Technologies Corp (UTX) by 49.32% based on its latest 2017Q2 regulatory filing with the SEC. Teachers Retirement System Of The State Of Kentucky sold 419,045 shares as the company’s stock rose 8.03% with the market. The institutional investor held 430,634 shares of the aerospace company at the end of 2017Q2, valued at $52.58M, down from 849,679 at the end of the previous reported quarter. Teachers Retirement System Of The State Of Kentucky who had been investing in United Technologies Corp for a number of months, seems to be less bullish one the $93.66 billion market cap company. The stock rose 0.18% or $0.21 reaching $117.29. About 321,835 shares traded. United Technologies Corporation (NYSE:UTX) has risen 22.99% since November 14, 2016 and is uptrending. It has outperformed by 6.29% the S&P500.

Teachers Retirement System Of The State Of Kentucky, which manages about $7.99B US Long portfolio, upped its stake in General Dynamics Corp (NYSE:GD) by 43,065 shares to 55,115 shares, valued at $10.92M in 2017Q2, according to the filing. It also increased its holding in Goldman Sachs Group Inc (NYSE:GS) by 56,004 shares in the quarter, for a total of 183,364 shares, and has risen its stake in Amdocs Ltd (NASDAQ:DOX).

Wall Street await United Technologies Corporation (NYSE:UTX) to release earnings on January, 24. Analysts forecast EPS of $1.56, exactly $0.00 or 0.00 % from 2014’s $1.56 EPS. The expected UTX’s profit could reach $1.25B giving the stock 18.80 P/E in the case that $1.56 earnings per share is reported. After posting $1.73 EPS for the previous quarter, United Technologies Corporation’s analysts now forecast -9.83 % negative EPS growth.

More notable recent United Technologies Corporation (NYSE:UTX) news were published by: Nasdaq.com which released: “Low Revenues to Hurt United Technologies (UTX) Q3 Earnings?” on October 20, 2017, also Nasdaq.com with their article: “Broderick Brian C Buys United Technologies Corp, Union Pacific Corp, DowDuPont …” published on October 27, 2017, Streetinsider.com published: “Form 8-K UNITED TECHNOLOGIES CORP For: Nov 13” on November 13, 2017. More interesting news about United Technologies Corporation (NYSE:UTX) were released by: Seekingalpha.com and their article: “United Technologies: Selling Sikorsky And Buying Rockwell Collins: 2 Great …” published on October 26, 2017 as well as Nasdaq.com‘s news article titled: “United Technologies (UTX) Beats on Q3 Earnings & Revenues” with publication date: October 24, 2017.

United Technologies Corporation (NYSE:UTX) Ratings Coverage

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 6 have Buy rating, 0 Sell and 15 Hold. Therefore 29% are positive. United Technologies Corporation has $139.0 highest and $100 lowest target. $119.88’s average target is 2.21% above currents $117.29 stock price. United Technologies Corporation had 66 analyst reports since July 21, 2015 according to SRatingsIntel. HSBC initiated it with “Hold” rating and $12500 target in Monday, June 12 report. The stock of United Technologies Corporation (NYSE:UTX) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, October 13. The rating was maintained by RBC Capital Markets with “Hold” on Friday, August 11. The stock of United Technologies Corporation (NYSE:UTX) earned “Buy” rating by Jefferies on Tuesday, May 30. The firm earned “Buy” rating on Friday, April 28 by Jefferies. Atlantic Securities downgraded it to “Neutral” rating and $110 target in Wednesday, July 22 report. The firm earned “Hold” rating on Friday, September 15 by RBC Capital Markets. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, October 25 report. As per Tuesday, December 15, the company rating was maintained by RBC Capital Markets. Cowen & Co maintained the shares of UTX in report on Monday, August 7 with “Buy” rating.

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