Charles D. Gill Sells 33,763 Shares of United Technologies Co. (NYSE:UTX) Stock

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United Technologies Co. (NYSE:UTX) VP Charles D. Gill sold 33,763 shares of United Technologies stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $135.04, for a total transaction of $4,559,355.52. Following the completion of the sale, the vice president now owns 112,458 shares in the company, valued at $15,186,328.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of UTX stock traded up $0.60 during midday trading on Friday, hitting $138.06. 3,004,653 shares of the company were exchanged, compared to its average volume of 3,654,504. The firm has a market capitalization of $115.55 billion, a P/E ratio of 18.14, a PEG ratio of 1.89 and a beta of 1.21. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.74 and a current ratio of 1.05. The firm’s 50 day moving average price is $130.05 and its two-hundred day moving average price is $130.91. United Technologies Co. has a 52 week low of $100.48 and a 52 week high of $144.40.

United Technologies (NYSE:UTX) last announced its earnings results on Tuesday, July 23rd. The conglomerate reported $2.20 EPS for the quarter, topping the consensus estimate of $2.04 by $0.16. The business had revenue of $19.63 billion during the quarter, compared to the consensus estimate of $19.58 billion. United Technologies had a net margin of 7.13% and a return on equity of 16.81%. United Technologies’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.97 EPS. Analysts expect that United Technologies Co. will post 8.03 EPS for the current year.

Several hedge funds have recently made changes to their positions in UTX. Phocas Financial Corp. acquired a new stake in United Technologies in the 2nd quarter worth about $25,000. Krane Funds Advisors LLC bought a new stake in United Technologies during the 2nd quarter worth approximately $26,000. Transamerica Financial Advisors Inc. bought a new stake in United Technologies during the 2nd quarter worth approximately $30,000. Quad Cities Investment Group LLC grew its holdings in United Technologies by 62.1% during the 2nd quarter. Quad Cities Investment Group LLC now owns 261 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 100 shares during the last quarter. Finally, Manchester Financial Inc. bought a new stake in United Technologies during the 2nd quarter worth approximately $35,000. 80.72% of the stock is owned by institutional investors and hedge funds.

UTX has been the topic of several recent research reports. Vertical Research upgraded shares of United Technologies from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Friday, June 14th. Bank of America reissued a “buy” rating and issued a $195.00 price objective (up previously from $185.00) on shares of United Technologies in a research report on Thursday, July 25th. Zacks Investment Research downgraded shares of United Technologies from a “strong-buy” rating to a “hold” rating and set a $151.00 price objective for the company. in a research report on Friday, July 19th. William Blair reissued a “hold” rating on shares of United Technologies in a research report on Tuesday, September 3rd. Finally, Cowen reissued a “buy” rating and issued a $150.00 price objective on shares of United Technologies in a research report on Wednesday, September 4th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. United Technologies has an average rating of “Buy” and a consensus target price of $152.21.

About United Technologies

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, 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.

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Insider Buying and Selling by Quarter for United Technologies (NYSE:UTX)

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