Viking Global Investors LP Raised Its United Technologies Corp (UTX) Holding by $226.61 Million; Share Value Declined

April 26, 2018 - By Peter Erickson

United Technologies Corporation (NYSE:UTX) LogoInvestors sentiment decreased to 0.92 in 2017 Q4. 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. Wealthfront Inc stated it has 0.03% of its portfolio in United Technologies Corporation (NYSE:UTX). Winslow Evans Crocker, Massachusetts-based fund reported 9,622 shares. 23,049 are owned by Covington Invest Advsr. Willingdon Wealth Mngmt accumulated 986 shares. Fayez Sarofim Co accumulated 1.30 million shares. Amica Retiree Med Tru reported 0.41% in United Technologies Corporation (NYSE:UTX). Arizona State Retirement Systems invested 0.25% of its portfolio in United Technologies Corporation (NYSE:UTX). Allen Inv Mngmt Ltd Liability stated it has 0.04% of its portfolio in United Technologies Corporation (NYSE:UTX). Ameritas Inv Prns Inc has 20,743 shares for 0.13% of their portfolio. Hbk Sorce Advisory Ltd has 0.11% invested in United Technologies Corporation (NYSE:UTX). Marathon Asset Mgmt Llp accumulated 0.92% or 469,822 shares. Wellington Shields Cap Limited Liability Company owns 0.25% invested in United Technologies Corporation (NYSE:UTX) for 12,475 shares. Beck Mack & Oliver Limited Liability Company stated it has 0.09% in United Technologies Corporation (NYSE:UTX). Foster & Motley, Ohio-based fund reported 71,799 shares. Godshalk Welsh Capital Mngmt reported 0.96% of its portfolio in United Technologies Corporation (NYSE:UTX).

Since December 13, 2017, it had 0 buys, and 5 insider sales for $1.06 million activity. Amato Elizabeth B sold $546,600 worth of stock or 4,341 shares.

Andreas Halvorsen increased its stake in United Technologies Corp (UTX) by 42.7% based on its latest 2017Q4 regulatory filing with the SEC. Viking Global Investors Lp bought 1.78M shares as the company’s stock declined 1.53% with the market. The hedge fund run by Andreas Halvorsen held 5.96 million shares of the aerospace company at the end of 2017Q4, valued at $760.72M, up from 4.18M at the end of the previous reported quarter. Viking Global Investors Lp who had been investing in United Technologies Corp for a number of months, seems to be bullish on the $97.17B market cap company. The stock decreased 0.53% or $0.65 during the last trading session, reaching $121.45. About 4.72M shares traded. United Technologies Corporation (NYSE:UTX) has risen 12.03% since April 26, 2017 and is uptrending. It has outperformed by 0.48% the S&P500.

Viking Global Investors Lp, which manages about $39.90 billion and $16.26 billion US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 1.23M shares to 8.85M shares, valued at $757.41 million in 2017Q4, according to the filing. It also reduced its holding in Visa Inc (NYSE:V) by 2.60 million shares in the quarter, leaving it with 7.62 million shares, and cut its stake in Calithera Biosciences Inc (NASDAQ:CALA).

United Technologies Corporation (NYSE:UTX) Ratings Coverage

Among 11 analysts covering United Technologies Corp (NYSE:UTX), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. United Technologies Corp has $167.0 highest and $126.0 lowest target. $150.38’s average target is 23.82% above currents $121.45 stock price. United Technologies Corp had 20 analyst reports since November 10, 2017 according to SRatingsIntel. The company was maintained on Thursday, January 25 by Stifel Nicolaus. RBC Capital Markets maintained the shares of UTX in report on Tuesday, January 23 with “Buy” rating. The company was maintained on Monday, January 8 by Jefferies. On Thursday, January 25 the stock rating was maintained by Jefferies with “Buy”. The firm earned “Hold” rating on Friday, November 10 by RBC Capital Markets. The company was maintained on Tuesday, April 24 by Stifel Nicolaus. UBS initiated the shares of UTX in report on Tuesday, January 23 with “Buy” rating. The firm has “Buy” rating given on Monday, January 8 by Goldman Sachs. On Monday, January 22 the stock rating was maintained by Cowen & Co with “Hold”. The company was maintained on Friday, April 6 by RBC Capital Markets.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

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