United Technologies Corporation (NYSE:UTX) Shares Sold by OLD National Bancorp IN
OLD National Bancorp IN reduced its position in shares of United Technologies Corporation (NYSE:UTX) by 5.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,221 shares of the conglomerate’s stock after selling 1,813 shares during the period. OLD National Bancorp IN’s holdings in United Technologies Corporation were worth $3,615,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. raised its stake in shares of United Technologies Corporation by 14.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock valued at $112,000 after buying an additional 125 shares during the last quarter. Tortoise Investment Management LLC raised its stake in shares of United Technologies Corporation by 2.7% in the fourth quarter. Tortoise Investment Management LLC now owns 1,031 shares of the conglomerate’s stock valued at $113,000 after buying an additional 27 shares during the last quarter. Northwest Quadrant Wealth Management LLC bought a new stake in shares of United Technologies Corporation during the fourth quarter valued at approximately $115,000. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of United Technologies Corporation during the fourth quarter valued at approximately $118,000. Finally, Alexandria Capital LLC raised its stake in shares of United Technologies Corporation by 0.4% in the first quarter. Alexandria Capital LLC now owns 1,075 shares of the conglomerate’s stock valued at $121,000 after buying an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 78.45% of the company’s stock.
United Technologies Corporation (NYSE UTX) traded up 0.32% during trading on Friday, reaching $121.49. The company’s stock had a trading volume of 1,803,647 shares. The firm has a market capitalization of $97.04 billion, a price-to-earnings ratio of 18.51 and a beta of 1.06. The stock’s 50-day moving average is $121.70 and its 200 day moving average is $116.57. United Technologies Corporation has a 52-week low of $97.62 and a 52-week high of $124.79.
United Technologies Corporation (NYSE:UTX) last issued its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.07. The business had revenue of $15.28 billion for the quarter, compared to analyst estimates of $15.24 billion. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.82 EPS. On average, analysts predict that United Technologies Corporation will post $6.59 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Friday, August 18th will be issued a dividend of $0.70 per share. This is a positive change from United Technologies Corporation’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.30%. United Technologies Corporation’s dividend payout ratio is currently 40.24%.
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Several equities research analysts have commented on UTX shares. Royal Bank Of Canada boosted their target price on shares of United Technologies Corporation from $118.00 to $125.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 27th. Zacks Investment Research lowered shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Morgan Stanley lifted their price target on United Technologies Corporation from $120.00 to $123.00 and gave the stock an “overweight” rating in a research note on Friday, April 28th. Jefferies Group LLC reaffirmed a “buy” rating and set a $132.00 price target (up previously from $126.00) on shares of United Technologies Corporation in a research note on Thursday, April 27th. Finally, BidaskClub downgraded United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $123.54.
United Technologies Corporation Company Profile
United Technologies Corporation is engaged in providing high technology products and services to the building systems and aerospace industries around the world. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. Otis operates as an elevator and escalator manufacturing, installation and service company.
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