Mackay Shields Llc Upped Its Position in United Technologies Corp (NYSE:UTX) by $17.64 Million

May 3, 2018 - By Mark Williams

United Technologies Corporation (NYSE:UTX) Corporate LogoDuring Q4 2017 the big money sentiment decreased to 0.92. That’s change of 0.13, from 2017Q3’s 1.05. 58 investors sold all, 554 reduced holdings as UTX ratio turned negative. 441 rose stakes while 121 funds bought stakes. Funds hold 624.06 million shares thus 0.48% more from 2017Q3’s 621.08 million shares. Viking Ltd Partnership has invested 4.68% of its capital in United Technologies Corporation (NYSE:UTX). Sun Life Financial Inc holds 0.08% or 5,848 shs in its capital. Rathbone Brothers Plc holds 14,033 shs or 0.07% of its capital. Stonehearth Capital Ltd Limited Liability Company owns 230 shs. Bragg Fincl Advisors accumulated 1.08% or 58,870 shs. Coldstream Cap Mgmt owns 21,198 shs. Mason Street Advsrs Ltd Liability Com invested in 103,448 shs. Moreover, First Tru Lp has 0.14% invested in United Technologies Corporation (NYSE:UTX). Rbf Cap Lc reported 2,500 shs. 16,883 are held by Cleararc Capital. Tru Of Virginia Va holds 18,942 shs or 0.34% of its capital. Hartford Financial Management invested in 37,181 shs. Folger Nolan Fleming Douglas Incorporated invested 1.06% in United Technologies Corporation (NYSE:UTX). Monroe Bancshares Mi holds 8,584 shs or 0.33% of its capital. Lazard Asset Mgmt Limited Com has 0.83% invested in United Technologies Corporation (NYSE:UTX) for 3.42M shs.

UTX registered $29,439 net activity with 1 buy and 5 sales since December 13, 2017. 4,341 shs were sold by Amato Elizabeth B, worth $546,600. Another trade for 9,000 shs valued at $1.09M was made by Reynolds Fredric G on Friday, April 27.

Based on the latest 2018Q1 form from the SEC, Mackay Shields Llc upped its holdings in United Technologies Corp (NYSE:UTX) by 265.69%. United Technologies Corp (NYSE:UTX) stock Sank 1.53% while Mackay Shields Llc bought 141,094 shares. In 2018Q1, the 194,199 shares in United Technologies Corp (NYSE:UTX) held by Mackay Shields Llc were valued $24.43 million, up from 53,105 last quarter. Mackay Shields Llc cut its stake in Priceline Grp Inc (Prn) () and reduced Servicenow Inc (Prn) () position by 9.98 million shares for a total of 14.25 million shares.

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 Monday, February 26 the company was maintained by Barclays Capital. On Tuesday, April 24 the firm has “Hold” rating given by Stifel Nicolaus. The company rating was maintained by Stifel Nicolaus on Thursday, January 25. On Monday, January 22 the company was maintained by Cowen & Co. The stock rating was maintained by Jefferies with “Buy” on Thursday, January 25. The stock rating was upgraded by Atlantic Securities to “Overweight” on Tuesday, December 5. On Tuesday, April 3 the firm has “Hold” rating by Stifel Nicolaus given. The stock rating was maintained by UBS with “Buy” on Thursday, March 15. On Wednesday, January 3 the rating was upgraded by RBC Capital Markets to “Buy”. On Friday, February 9 Argus Research upgraded United Technologies Corporation (NYSE:UTX) rating. Argus Research has “Buy” rating and $150.0 target.

United Technologies Corporation provides technology services and products to building systems and aerospace industries worldwide.The company has $93.66 billion market cap. 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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