General Electric versus United Technologies --Buy or Hold?
By Insider Monkey: By Guan Wang United Technologies Corp (UTX) is one of the most popular conglomerate stocks amongst the 350+ hedge funds we track. The number of hedge funds invested in United Technologies increased from 30 at the end of the third quarter to 34 at the end of the fourth quarter. In total, these 34 hedge funds had $1.32 billion invested in this stock at the end of 2011. Billionaire Jim Simons is one of the money managers who initiated a new position in United Technologies during the fourth quarter. His Renaissance Technologies had $83 million in the company at the end of the fourth quarter last year. Ric Dillon and Bill Miller are also bullish about this stock. In September last year, United Technologies reached an agreement to buy Goodrich Corp (GR) for $18.4 billion, or $127.5 per share, in cash. The deal is expected to be completed in mid-2012.Complete Story »