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Is United Technologies Corporation (UTX) Going to Burn These Hedge Funds?

There are several ways to beat the market, and investing in small cap stocks has historically been one of them. We like to improve the odds of beating the market further by examining what famous hedge fund operators such as Carl Icahn and George Soros think. Those hedge fund operators make billions of dollars each year by hiring the best and the brightest to do research on stocks, including small cap stocks that big brokerage houses simply don’t cover. Because of Carl Icahn and other elite funds’ exemplary historical records, we pay attention to their small cap picks. In this article, we use hedge fund filing data to analyze United Technologies Corporation (NYSE:UTX).

Is United Technologies Corporation (NYSE:UTX) a bargain? Prominent investors are turning less bullish. The number of long hedge fund bets were cut by 8 recently. UTX was in 48 hedge funds’ portfolios at the end of the third quarter of 2016. There were 56 hedge funds in our database with UTX positions at the end of the previous quarter. At the end of this article we will also compare UTX to other stocks including Starbucks Corporation (NASDAQ:SBUX), The Boeing Company (NYSE:BA), and Toronto-Dominion Bank (USA) (NYSE:TD) to get a better sense of its popularity.

At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using...