Economy

United Technologies (NYSE:UTX) Upgraded to Outperform by Royal Bank of Canada

Boyd Watterson Asset Management Llc increased its stake in United Technologies Corp (UTX) by 54.88% based on its latest 2017Q3 regulatory filing with the SEC. Following the sale, the vice president now directly owns 1,500 shares of the company's stock, valued at approximately $186,525. United Technologies Corp Com now has $108.53 billion valuation. About 3.24M shares traded.

United Technologies (NYSE:UTX) opened at $135.90 on Friday. It has outperformed by 28.99% the S&P500. Therefore 48% are positive. Weibo Corp had 19 analyst reports since August 19, 2015 according to SRatingsIntel. The firm has "Hold" rating given on Monday, June 12 by HSBC. The firm has "Hold" rating given on Tuesday, December 1 by Liberum Capital. The stock has "Buy" rating by Jefferies on Friday, July 7. RBC Capital Markets maintained United Technologies Corporation (NYSE:UTX) rating on Thursday, April 27. (NYSE:GWW) earned "Sell" rating by RBC Capital Markets on Monday, July 10. The rating was upgraded by Morgan Stanley on Thursday, December 17 to "Overweight".

Several research analysts have weighed in on the company.

Since December 13, 2017, it had 0 insider purchases, and 3 selling transactions for $734,561 activity. 864 shares valued at $108,873 were sold by Bailey Robert J. on Friday, December 15.

United Technologies Corporation (NYSE:UTX) last posted its earnings results on Tuesday, July 25th. The stock of United Technologies Corporation (NYSE:UTX) earned "Hold" rating by Argus Research on Thursday, January 26. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.05. UTX's profit will be $1.25 billion for 21.78 P/E if the $1.56 EPS becomes a reality. After $1.73 actual earnings per share reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts -9.83% negative EPS growth.

Investors sentiment decreased to 1 in 2017 Q3. Its up 0.10, from 0.95 in 2017Q2. Bridges Investment Counsel Inc who had been investing in Ing Groep Nv Adr for a number of months, seems to be less bullish one the $75.78 billion market cap company. 111 funds opened positions while 484 raised stakes. 196.05 million shares or 0.97% more from 194.17 million shares in 2017Q2 were reported. Logan Management Inc accumulated 4,407 shares. Robert W. Baird upgraded United Technologies from a "neutral" rating to an "outperform" rating in a research note on Friday, January 5th. Richard Bernstein Ltd Company owns 0.39% invested in Loews Corporation (NYSE:L) for 118,148 shares. Ramsay Stattman Vela Price stated it has 59,769 shares. It also upped Vanguard Index Fds Large Cap Etf (VV) stake by 12,559 shares and now owns 270,752 shares. Cramer Rosenthal Mcglynn Ltd Limited Liability Company invested in 0.01% or 4,670 shares. Obermeyer Wood Inv Counsel Lllp invested in 0.04% or 3,968 shares. Investors of record on Friday, August 18th will be issued a dividend of $0.70 per share. Kanawha Capital Management Limited Liability holds 2.22% in United Technologies Corporation (NYSE:UTX) or 125,423 shares. Livforsakringsbolaget Skandia Omsesidigt invested in 0.07% or 15,458 shares. Mercer Advisers has invested 0.38% in United Technologies Corporation (NYSE:UTX). 3,987 were reported by Sabal Tru. Cubic Asset Management Llc reported 45,887 shares. Finally, Cowen reissued a "hold" rating and set a $120.00 price target on shares of United Technologies in a research report on Tuesday, October 24th. Therefore 48% are positive. ING Groep N.V. had 10 analyst reports since August 27, 2015 according to SRatingsIntel. Royal Bank of Canada set a $126.00 target price on shares of United Technologies and gave the stock a "hold" rating in a report on Sunday, November 12th. Jefferies maintained it with "Buy" rating and $13200 target in Tuesday, May 30 report. The firm earned "Neutral" rating on Monday, May 2 by Goldman Sachs. The rating was maintained by Credit Suisse with "Underperform" on Wednesday, October 18.

UTX has been the subject of a number of recent research reports. Finally, Zacks Investment Research downgraded United Technologies from a "hold" rating to a "sell" rating in a report on Monday, October 16th. The stock has "Neutral" rating by UBS on Thursday, September 17. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The firm has "Buy" rating given on Monday, September 19 by UBS.

State Farm Mutual Automobile Insurance Company increased its stake in Grainger W W Inc (GWW) by 23.45% based on its latest 2017Q3 regulatory filing with the SEC. 1,944 were reported by Beese Fulmer Invest Mgmt. Its down 1.07, from 2.62 in 2017Q2. It improved, as 36 investors sold Jack in the Box Inc. shares while 72 reduced holdings. Utah Retirement, a Utah-based fund reported 136,955 shares. Northern Tru Corp reported 352,017 shares. Ubs Asset Mngmt Americas has 86,395 shares.

Investors sentiment increased to 0.88 in 2017 Q3. Sun Life Financial has invested 0.01% in Loews Corporation (NYSE:L). 134 were reported by Glenmede Trust Com Na. Nebraska-based Cwm Ltd Liability has invested 0% in Jack in the Box Inc. Parallax Volatility Advisers Limited Partnership holds 62,627 shares or 0.01% of its portfolio. Wellington Mgmt Llp has 0% invested in Loews Corporation (NYSE:L) for 60,057 shares. Pinnacle Assoc Limited invested 0.2% in United Technologies Corporation (NYSE:UTX). Walleye Trading Ltd Company owns 25,688 shares. The stock increased 1.91% or $1.78 during the last trading session, reaching $94.99. About 1.22M shares traded or 8.69% up from the average. W.W. Grainger, Inc. (NYSE:GWW) has declined 21.15% since January 19, 2017 and is downtrending.

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