United Technologies Corporation Just Recorded A Sigfniciant Bearish Options Activity

 United Technologies Corporation Just Recorded A Sigfniciant Bearish Options Activity

In today’s session United Technologies Corporation (UTX) recorded an unusually high (304) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious UTX decrease. With 304 contracts traded and 24704 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: UTX161021P00100000 closed last at: $0.74 or 33.3% down. About 1.20M shares traded hands. United Technologies Corporation (NYSE:UTX) has risen 3.55% since March 15, 2016 and is uptrending. It has underperformed by 1.93% the S&P500.

United Technologies Corporation (NYSE:UTX) Ratings Coverage

Out of 19 analysts covering United Technologies Corporation (NYSE:UTX), 7 rate it a “Buy”, 0 “Sell”, while 12 “Hold”. This means 37% are positive. United Technologies Corporation has been the topic of 38 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Credit Suisse with “Neutral” on Monday, November 16. The stock has “Hold” rating given by Liberum Capital on Tuesday, December 1. The stock of United Technologies Corporation (NYSE:UTX) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, May 3. Deutsche Bank maintained United Technologies Corporation (NYSE:UTX) on Tuesday, August 25 with “Hold” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $100 target price in Thursday, January 28 report. The rating was maintained by Argus Research with “Buy” on Thursday, January 28. The stock of United Technologies Corporation (NYSE:UTX) earned “Buy” rating by Jefferies on Monday, August 24. On Wednesday, July 27 the stock rating was maintained by Barclays Capital with “Equalweight”. The company was downgraded on Monday, October 10 by Citigroup. The stock has “Buy” rating given by S&P Research on Tuesday, July 21.

According to Zacks Investment Research, “United Technologies Corporation provides a broad range of high technology products and services to the building systems and aerospace industries. Those products include Pratt & Whitney aircraft engines, space propulsion systems and industrial gas turbines; Carrier heating, air conditioning and refrigeration; Otis elevator, escalator and people movers; Hamilton Sundstrand aerospace and industrial products; Sikorsky helicopters and International Fuel Cells power systems. (Company Press Release)”

Insitutional Activity: The institutional sentiment is 0.98 in 2016 Q2. Its the same as in 2016Q1. The ratio has no change, as 65 funds sold all United Technologies Corporation shares owned while 517 reduced positions. only 91 funds bought stakes while 482 increased positions. They now own 655.21 million shares or 3.61% less from 679.78 million shares in 2016Q1.
Sentinel Asset Mgmt Inc holds 0.79% or 324,500 shares in its portfolio. Wafra Inv Advisory Grp Inc Inc Inc Ny holds 2.51% or 200,796 shares in its portfolio. Hilltop has 0.27% invested in the company for 8,204 shares. Motco has invested 0.91% of its portfolio in United Technologies Corporation (NYSE:UTX). Balyasny Asset Management Lc last reported 425,694 shares in the company. Spinnaker Trust has 0.53% invested in the company for 37,609 shares. Dimensional Fund Advsr Lp last reported 2.43M shares in the company. Schroder Inv Management holds 748,030 shares or 0.15% of its portfolio. South Texas Money Mngmt Limited accumulated 0.01% or 2,163 shares. American Grp Inc has invested 0% of its portfolio in United Technologies Corporation (NYSE:UTX). Teachers Advisors Inc last reported 1.21M shares in the company. Waverton Inv Mngmt Ltd accumulated 0.13% or 16,400 shares. Moreover, Joel Isaacson & Ltd Llc has 0.09% invested in United Technologies Corporation (NYSE:UTX) for 4,080 shares. Hudson Valley Inv Advisors Inc Adv, a New York-based fund reported 21,572 shares. The California-based California Pub Employees Retirement System has invested 0.36% in United Technologies Corporation (NYSE:UTX).

Insider Transactions: Since April 28, 2016, the stock had 0 insider buys, and 9 insider sales for $8.56 million net activity. Dumais Michael R sold $251,460 worth of stock. The insider Gill Charles D sold 7,144 shares worth $771,910. The insider MCDONOUGH ROBERT J sold 3,100 shares worth $332,033. The insider Gitlin David L. sold 7,091 shares worth $739,024. 40,800 shares were sold by DELPECH PHILIPPE, worth $4.40 million on Thursday, July 28. 980 United Technologies Corporation (NYSE:UTX) shares with value of $100,107 were sold by HAYES GREGORY. On Tuesday, May 10 the insider Amato Elizabeth B sold $377,448.

United Technologies Corporation is engaged in providing high technology services and products to the building systems and aerospace industries around the world. The company has a market cap of $83.37 billion. The Firm operates through four divisions: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. It has a 22.57 P/E ratio. The Company’s Otis segment designs, makes, sells and installs a range of passenger and freight elevators, as well as a line of escalators and moving walkways.

UTX Company Profile

United Technologies Corporation, incorporated on July 21, 1934, is engaged in providing high technology services and products to the building systems and aerospace industries around the world. The Firm operates through four divisions: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. The Company’s UTC Building & Industrial Systems unit, comprising the activities of Otis and UTC Climate, Controls & Security, is the well-known provider of building technologies. The unit offers elevator, escalator heating, ventilating, air-condition and refrigeration systems and services for buildings. Pratt & Whitney and UTC Aerospace Systems serve commercial and government clients in both the original equipment and aftermarket parts and services markets of the aerospace industry. Pratt & Whitney also provides products to certain industrial markets.

More news for United Technologies Corporation (NYSE:UTX) were recently published by: Reuters.com, which released: “United Technologies will retrain Carrier workers: CEO” on October 04, 2016. Profitconfidential.com‘s article titled: “United Technologies Corp: Here’s Why I’m Bullish on UTX Stock” and published on September 21, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment