Capital Analysts LLC Has $1.14 Million Position in United Technologies Corporation (UTX)
Capital Analysts LLC boosted its stake in United Technologies Corporation (NYSE:UTX) by 7.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,338 shares of the conglomerate’s stock after acquiring an additional 638 shares during the period. Capital Analysts LLC’s holdings in United Technologies Corporation were worth $1,140,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in UTX. Girard Partners LTD. boosted its holdings in United Technologies Corporation by 0.5% in the first quarter. Girard Partners LTD. now owns 25,543 shares of the conglomerate’s stock valued at $2,866,000 after acquiring an additional 128 shares during the last quarter. Boston Partners lifted its stake in United Technologies Corporation by 3.0% in the first quarter. Boston Partners now owns 5,385,002 shares of the conglomerate’s stock valued at $604,251,000 after buying an additional 158,696 shares during the period. HPM Partners LLC acquired a new position in United Technologies Corporation in the first quarter valued at approximately $2,801,000. Davis R M Inc. lifted its stake in United Technologies Corporation by 0.4% in the first quarter. Davis R M Inc. now owns 251,087 shares of the conglomerate’s stock valued at $28,174,000 after buying an additional 1,000 shares during the period. Finally, Buffington Mohr McNeal lifted its stake in United Technologies Corporation by 33.0% in the first quarter. Buffington Mohr McNeal now owns 7,330 shares of the conglomerate’s stock valued at $822,000 after buying an additional 1,817 shares during the period. Institutional investors and hedge funds own 78.80% of the company’s stock.
Shares of United Technologies Corporation (UTX) opened at $117.89 on Friday. United Technologies Corporation has a 1-year low of $106.21 and a 1-year high of $124.79. The stock has a market capitalization of $94,140.00, a price-to-earnings ratio of 17.95, a P/E/G ratio of 2.14 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 0.91 and a debt-to-equity ratio of 0.76.
United Technologies Corporation (NYSE:UTX) last announced its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.05. United Technologies Corporation had a return on equity of 17.66% and a net margin of 8.79%. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the prior year, the company posted $1.76 earnings per share. United Technologies Corporation’s revenue was up 4.9% compared to the same quarter last year. analysts forecast that United Technologies Corporation will post 6.61 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Friday, November 17th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.80 annualized dividend and a yield of 2.38%. United Technologies Corporation’s dividend payout ratio (DPR) is currently 43.34%.
Several equities analysts have issued reports on UTX shares. Bank of America Corporation reissued a “buy” rating and issued a $140.00 price target on shares of United Technologies Corporation in a research note on Wednesday, September 6th. Deutsche Bank AG dropped their price target on United Technologies Corporation from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Wednesday, September 6th. Vertical Research lowered United Technologies Corporation from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Tuesday, September 5th. Cowen and Company lowered United Technologies Corporation from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $127.00 to $120.00 in a research note on Wednesday, September 6th. Finally, Stifel Nicolaus boosted their price target on United Technologies Corporation from $122.00 to $124.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Fourteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $125.15.
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In related news, EVP Michael R. Dumais sold 2,986 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $120.98, for a total transaction of $361,246.28. Following the completion of the sale, the executive vice president now owns 27,548 shares in the company, valued at $3,332,757.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.16% of the company’s stock.
United Technologies Corporation 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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