United Technologies Corp (NYSE:UTX) Shareholder Mackay Shields Llc Upped Its Position by $17.64 Million as Price Declined

May 3, 2018 - By Norman Soto

United Technologies Corporation (NYSE:UTX) Corporate LogoBig Money Sentiment decreased to 0.92 in Q4 2017. It has change of 0.13, from 2017Q3’s 1.05. The ratio dropped due to UTX positioning: 58 sold and 554 reduced. 121 funds bought stakes and 441 increased stakes. Investors holded 621.08 million in 2017Q3 but now own 624.06 million shares or 0.48% more. Foster And Motley Inc invested 1.46% in United Technologies Corporation (NYSE:UTX). California-based Lederer And Invest Counsel Ca has invested 1.87% in United Technologies Corporation (NYSE:UTX). Trustco National Bank & Trust Corporation N Y has invested 2.54% in United Technologies Corporation (NYSE:UTX). Tiemann Advsrs Ltd Liability Corp invested in 12,116 shs or 1.23% of the stock. Gulf Intll Bank & Trust (Uk) reported 239,292 shs stake. Reilly Fincl Advsrs Ltd Liability reported 1.54% of its capital in United Technologies Corporation (NYSE:UTX). Ibm Retirement Fund stated it has 0.44% of its capital in United Technologies Corporation (NYSE:UTX). 4,290 were accumulated by Aviance Cap Prns Lc. Cim Limited Co accumulated 0.11% or 2,274 shs. Highstreet Asset Management Inc owns 30,912 shs. Ronna Sue Cohen owns 0.25% invested in United Technologies Corporation (NYSE:UTX) for 2,716 shs. New York-based Reilly Herbert Faulkner Iii has invested 0.18% in United Technologies Corporation (NYSE:UTX). Moreover, Homrich & Berg has 0.04% invested in United Technologies Corporation (NYSE:UTX) for 4,520 shs. Utd Fire Grp invested 0.32% of its capital in United Technologies Corporation (NYSE:UTX). Virginia-based Palladium Ltd has invested 0.41% in United Technologies Corporation (NYSE:UTX).

UTX had 5 sales and 1 insider buy since December 13, 2017. This’s net activity of $29,439. On Friday, December 15 Amato Elizabeth B sold $546,600 worth of United Technologies Corporation (NYSE:UTX). Reynolds Fredric G also bought $1.09 million worth of United Technologies Corporation (NYSE:UTX) shs.

Based on the latest 2018Q1 form from the SEC, Mackay Shields Llc upped its stake in United Technologies Corp (NYSE:UTX) by 265.69%. 141,094 shares were bought by Mackay Shields Llc as United Technologies Corp (NYSE:UTX) stock declined 1.53% with the market. It held 194,199 shares of United Technologies Corp (NYSE:UTX) at the end of 2018Q1, valued at $24.43 million, up from 53,105 last quarter. It decreased Advanced Micro Devices Inc (Prn) () position by 14.76 million shares to 1.24M shares, and cut its American Rlty Cap Pptys Inc (Prn) () stake.

Mackay Shields Llc is a New York-based institutional investor with more than $81.03 billion AUM in January, 2015. This fund invests only a small percentage of its assets in equities and options. Mackay Shields Llc is the 69th largest institutional investor in our database. Taken from Mackay Shields latest Adv, the fund reported to have 151 full and part-time employees. Among which 50 performing investment advisory and research functions. The institutional investor had more than 300 clients.

United Technologies Corporation (NYSE:UTX) Ratings Coverage

A total of 11 analysts rate United Technologies Corp (NYSE:UTX) as follows: 8 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 73% are bullish. The firm has $167.0 highest and $126.0 lowest target. The avg target $150.38 is 28.46% above the last ($117.06) price. (NYSE:UTX) has 20 ratings reports on 3 May 2018 according to StockzIntelligence. On Thursday, January 25 the rating was maintained by Stifel Nicolaus with “Hold”. On Thursday, January 25 the firm earned “Buy” rating by Jefferies. On Friday, February 9 Argus Research upgraded United Technologies Corporation (NYSE:UTX) rating. Argus Research has “Buy” rating and $150.0 target. On Tuesday, December 5 Atlantic Securities upgraded the shares of UTX in report to “Overweight” rating. On Thursday, February 15 Stifel Nicolaus maintained United Technologies Corporation (NYSE:UTX) rating. Stifel Nicolaus has “Hold” rating and $139.0 target. On Tuesday, April 24 the stock has “Hold” rating by Stifel Nicolaus. In Monday, January 8 report Jefferies maintained the stock with “Buy” rating. On Monday, February 26 the company was maintained by Barclays Capital. In Thursday, March 15 report UBS maintained it with “Buy” rating and $155.0 target. On Monday, January 8 the firm has “Buy” rating by Goldman Sachs given.

United Technologies Corporation provides technology services and products to building systems and aerospace industries worldwide.The firm is worth $93.66 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.The P/E ratio is 20.54. 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.

United Technologies Corporation (NYSE:UTX) Institutional Investors Chart

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