Economy

United Technologies Corporation (UTX) Stake Increased by Morse Asset Management Inc

United Technologies Corp. had a net margin of 12.87% and a return on equity of 18.28%. The Taurus Asset Management Llc holds 72,145 shares with $8.81M value, down from 104,334 last quarter. United Technologies Corp now has $95.69B valuation. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands.

About 27,497 shares traded.

United Technologies Corporation (NYSE:UTX) last announced its quarterly earnings results on Tuesday, July 25th. It has outperformed by 6.29% the S&P500.

Grantham Mayo Van Otterloo & Co Llc decreased Alphabet Inc stake by 107,450 shares to 416,117 valued at $386.86 million in 2017Q2. The stock rose 0.66% or $0.79 reaching $119.86. Facebook Inc now has $519.14 billion valuation. About 2.60 million shares traded. SunTrust Banks, Inc. (NYSE:STI) has risen 26.82% since October 30, 2016 and is uptrending. It has outperformed by 6.29% the S&P500. Panagora Asset Management reported 452,688 shares. The company has market cap of $4.19 billion. The conglomerate reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.05.

Investors sentiment increased to 1.4 in 2017 Q2. Its down 0.03, from 0.98 in 2017Q1. 159 funds opened positions while 684 raised stakes. The percentage of shares being held by the company management was 0.3% while institutional stake was 0%. Marshall Wace Llp invested in 0.17% or 30,832 shares. Congress Asset Mngmt Ma reported 6,765 shares. Atlantic Tru Grp Limited Liability owns 0.09% invested in Facebook Inc (NASDAQ:FB) for 93,952 shares. Macguire Cheswick & Tuttle Inv Counsel Limited Liability Company reported 1.92% stake. California-based Stevens First Principles Investment has invested 0.27% in Facebook Inc (NASDAQ:FB). However, United Technologies is exposed to market price volatility and availability risks related to raw materials, which hamper its ability to meet delivery schedules and increase operating costs. Viking Glob Investors Ltd Partnership has invested 6.29% in Facebook Inc (NASDAQ:FB). Palo Cap Incorporated holds 0.53% or 7,682 shares in its portfolio. Cohen Klingenstein accumulated 17,400 shares. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Hanover Insurance Group had 9 analyst reports since August 15, 2015 according to SRatingsIntel. The firm has "Hold" rating given on Tuesday, August 25 by Deutsche Bank. The ex-dividend date of this dividend is Wednesday, November 16th. Axiom Capital maintained Facebook Inc (NASDAQ:FB) rating on Thursday, April 28. Axiom Capital has "Buy" rating and $155 target. The firm has "Buy" rating given on Monday, September 19 by UBS.

UTX has been the topic of a number of research reports. Finally, Robert W. Baird assumed coverage on shares of United Technologies Corp.in a research note on Wednesday, October 5th. The rating was maintained by Jefferies on Friday, April 28 with "Buy". The insider Gurandiano Jay J sold $28,040. About 116,001 shares traded. $70,300 worth of Xerium Technologies, Inc. 37,922 shares were sold by Schroepfer Michael Todd, worth $5.71M.

ATR value of the company was 1.35 and Relative Strength Index (RSI) was 51.17. Target Corp Com (NYSE:TGT) was raised too.

It last reported revenues of $716 million and EPS of $0.07 for the September 2017, representing -12% top-line growth and 0.29 EPS growth. Its down 0.03, from 0.98 in 2017Q1. 112 funds opened positions while 451 raised stakes. After a recent check, it is observed that the insiders for the firm now own 0.11% shares. Flossbach Von Storch Ag invested in 2.25% or 1.62M shares. Advantus Capital Management Inc increased its position in United Technologies Corp.by 0.9% in the second quarter. 2,247 were reported by Ssi Invest Mgmt Inc. X Management Ltd Liability Com stated it has 9,578 shares or 0.04% of all its holdings. Vanguard Group Inc. lifted its holdings in United Technologies Corporation by 1.6% in the second quarter. Barnett And owns 729 shares. Finally, Russell Investments Group Ltd. boosted its position in United Technologies Corporation by 0.6% during the 2nd quarter. Maple Mgmt Incorporated holds 1.73% or 49,218 shares in its portfolio. Tarbox Family Office holds 276 shares or 0.02% of its portfolio. First Manhattan Company invested in 0.62% or 589,375 shares.

Zacks Investment Research upgraded shares of United Technologies Corporation (NYSE:UTX) from a sell rating to a hold rating in a report released on Thursday morning. United Technologies Corporation posted sales of $14.35 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 3.8%. United Technologies Corporation has a 52-week low of $100.52 and a 52-week high of $124.79.

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 had 65 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has "Buy" rating by Jefferies on Friday, July 7. BidaskClub lowered United Technologies Corporation from a "buy" rating to a "hold" rating in a research note on Wednesday, July 19th. The stock has a consensus rating of "Hold" and an average price target of $109.80. Bank of America Corporation reaffirmed a "buy" rating and set a $140.00 target price on shares of United Technologies Corporation in a research report on Wednesday, September 6th. The firm has "Neutral" rating by Citigroup given on Monday, October 10. The firm has "Sector Perform" rating given on Tuesday, December 15 by RBC Capital Markets. As per Thursday, January 28, the company rating was maintained by RBC Capital Markets. The firm earned "Outperform" rating on Monday, December 19 by Credit Suisse. Illinois-based Allstate Corp has invested 0.01% in United Technologies Corporation (NYSE:UTX).

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