United Technologies Corp (NYSE:UTX) Institutional Investors Sentiment

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Sentiment for United Technologies Corp (NYSE:UTX)

United Technologies Corp (NYSE:UTX) institutional sentiment decreased to 1 in 2019 Q2. Its down -0.07, from 1.07 in 2019Q1. The ratio dived, as 584 funds increased and started new positions, while 582 sold and decreased their stakes in United Technologies Corp. The funds in our partner’s database now have: 667.41 million shares, down from 668.70 million shares in 2019Q1. Also, the number of funds holding United Technologies Corp in their top 10 positions decreased from 54 to 48 for a decrease of 6. Sold All: 45 Reduced: 537 Increased: 463 New Position: 121.

United Technologies Corporation provides technology services and products to building systems and aerospace industries worldwide. The company has market cap of $119.18 billion. The Company’s Otis segment designs, makes, 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. It has a 22.5 P/E ratio. The companyÂ’s UTC Climate, Controls & Security segment provides heating, ventilating, air conditioning, and refrigeration solutions, such as controls for residential, commercial, industrial, and transportation applications.

The stock increased 0.49% or $0.67 during the last trading session, reaching $138.13. About 2.52 million shares traded. United Technologies Corporation (NYSE:UTX) has risen 0.38% since September 13, 2018 and is uptrending. It has outperformed by 0.38% the S&P500.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on October, 22. They expect $2.01 earnings per share, up 4.15 % or $0.08 from last year’s $1.93 per share. UTX’s profit will be $1.73 billion for 17.18 P/E if the $2.01 EPS becomes a reality. After $2.20 actual earnings per share reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts -8.64 % negative EPS growth.

Soroban Capital Partners Lp holds 10.42% of its portfolio in United Technologies Corporation for 5.33 million shares. Third Point Llc owns 6.00 million shares or 9.15% of their US portfolio. Moreover, Csu Producer Resources Inc. has 7.2% invested in the company for 15,000 shares. The California-based Saratoga Research & Investment Management has invested 6.14% in the stock. Jensen Investment Management Inc, a Oregon-based fund reported 3.97 million shares.

United Technologies Corporation (NYSE:UTX) Ratings Coverage

Ratings analysis reveals 100% of United Technologies’s analysts are positive. Out of 3 Wall Street analysts rating United Technologies, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $14900 while the high is $16400. The stock’s average target of $155.67 is 12.70% above today’s ($138.13) share price. UTX was included in 8 notes of analysts from March 27, 2019. On Monday, June 24 the stock rating was upgraded by Cowen & Co to “Outperform”. The stock of United Technologies Corporation (NYSE:UTX) has “Overweight” rating given on Wednesday, July 24 by Barclays Capital. The company was maintained on Wednesday, April 24 by Barclays Capital. The stock has “Overweight” rating by Morgan Stanley on Monday, May 20.

More notable recent United Technologies Corporation (NYSE:UTX) news were published by: Finance.Yahoo.com which released: “United Technologies: Breaking Down the Breakup – Yahoo Finance” on July 01, 2019, also Seekingalpha.com with their article: “Dividend Champion Spotlight: United Technologies Corporation – Seeking Alpha” published on April 05, 2019, Finance.Yahoo.com published: “Daniel Loeb’s Top 5 Holdings as of the 2nd Quarter – Yahoo Finance” on September 09, 2019. More interesting news about United Technologies Corporation (NYSE:UTX) were released by: Seekingalpha.com and their article: “Collins Aerospace to support C-130H modifications – Seeking Alpha” published on August 28, 2019 as well as Finance.Yahoo.com‘s news article titled: “Here’s What Hedge Funds Think About United Technologies Corporation (UTX) – Yahoo Finance” with publication date: June 10, 2019.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

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