First Hawaiian Bank Sells 374 Shares of United Technologies Co. (UTX)

First Hawaiian Bank lowered its stake in shares of United Technologies Co. (NYSE:UTX) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,048 shares of the conglomerate’s stock after selling 374 shares during the quarter. First Hawaiian Bank’s holdings in United Technologies were worth $2,454,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Matthew Goff Investment Advisor LLC grew its stake in shares of United Technologies by 12,402.9% during the third quarter. Matthew Goff Investment Advisor LLC now owns 4,115,095 shares of the conglomerate’s stock worth $32,913,000 after purchasing an additional 4,082,182 shares in the last quarter. Epoch Investment Partners Inc. grew its stake in shares of United Technologies by 597.6% during the second quarter. Epoch Investment Partners Inc. now owns 1,289,716 shares of the conglomerate’s stock worth $161,253,000 after purchasing an additional 1,104,849 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of United Technologies by 1.9% during the third quarter. Vanguard Group Inc. now owns 59,240,301 shares of the conglomerate’s stock worth $8,282,386,000 after purchasing an additional 1,094,947 shares in the last quarter. Vanguard Group Inc grew its stake in shares of United Technologies by 1.9% during the third quarter. Vanguard Group Inc now owns 59,240,301 shares of the conglomerate’s stock worth $8,282,386,000 after purchasing an additional 1,094,947 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV grew its stake in shares of United Technologies by 5,810.8% during the second quarter. Mainstay Capital Management LLC ADV now owns 993,368 shares of the conglomerate’s stock worth $8,864,000 after purchasing an additional 976,562 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:UTX opened at $109.95 on Friday. United Technologies Co. has a one year low of $100.48 and a one year high of $144.15. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.52 and a quick ratio of 1.17. The stock has a market capitalization of $87.56 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 1.55 and a beta of 1.11.

United Technologies (NYSE:UTX) last announced its earnings results on Tuesday, October 23rd. The conglomerate reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.11. United Technologies had a net margin of 7.76% and a return on equity of 17.70%. The business had revenue of $16.51 billion during the quarter, compared to analysts’ expectations of $16.10 billion. During the same period in the prior year, the company earned $1.73 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. As a group, sell-side analysts predict that United Technologies Co. will post 7.17 EPS for the current year.

A number of brokerages recently commented on UTX. Robert W. Baird lowered their target price on shares of United Technologies from $167.00 to $149.00 and set an “outperform” rating for the company in a research note on Wednesday, November 28th. Zacks Investment Research upgraded shares of United Technologies from a “hold” rating to a “buy” rating and set a $158.00 price objective for the company in a research note on Thursday, October 4th. Bank of America set a $180.00 price objective on shares of United Technologies and gave the company a “buy” rating in a research note on Tuesday, November 27th. Barclays decreased their price objective on shares of United Technologies from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Jefferies Financial Group set a $148.00 price objective on shares of United Technologies and gave the company a “buy” rating in a research note on Tuesday, November 27th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $145.46.

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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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Institutional Ownership by Quarter for United Technologies (NYSE:UTX)

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