Kistler Tiffany Companies LLC Buys 2,895 Shares of United Technologies Co. (UTX)
Kistler Tiffany Companies LLC grew its holdings in United Technologies Co. (NYSE:UTX) by 34.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 11,390 shares of the conglomerate’s stock after acquiring an additional 2,895 shares during the quarter. Kistler Tiffany Companies LLC’s holdings in United Technologies were worth $1,322,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tortoise Investment Management LLC boosted its position in shares of United Technologies by 5.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock valued at $117,000 after purchasing an additional 48 shares during the period. Seven Bridges Advisors LLC acquired a new stake in shares of United Technologies in the 2nd quarter valued at about $120,000. Winfield Associates Inc. boosted its position in shares of United Technologies by 2.9% in the 2nd quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock valued at $126,000 after purchasing an additional 29 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in shares of United Technologies in the 2nd quarter valued at about $131,000. Finally, Alexandria Capital LLC boosted its position in shares of United Technologies by 0.3% in the 2nd quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock valued at $132,000 after purchasing an additional 3 shares during the period. Institutional investors and hedge funds own 80.07% of the company’s stock.
Shares of United Technologies Co. (NYSE:UTX) opened at $127.00 on Thursday. United Technologies Co. has a 1 year low of $106.85 and a 1 year high of $127.89. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.31. The firm has a market capitalization of $101,186.80, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 2.28 and a beta of 1.07.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 10th. Shareholders of record on Friday, November 17th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.80 dividend on an annualized basis and a yield of 2.20%. United Technologies’s payout ratio is 43.41%.
UTX has been the subject of a number of research analyst reports. Bank of America reissued a “buy” rating and issued a $140.00 target price on shares of United Technologies in a research report on Wednesday, September 6th. Deutsche Bank decreased their target price on United Technologies from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Wednesday, September 6th. Vertical Research cut United Technologies from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Tuesday, September 5th. Cowen cut United Technologies from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $127.00 to $120.00 in a research report on Wednesday, September 6th. Finally, Stifel Nicolaus upped their target price on United Technologies from $122.00 to $124.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Fourteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $125.63.
In other news, VP Robert J. Bailey sold 827 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $118.06, for a total value of $97,635.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Akhil Johri sold 5,979 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $121.03, for a total value of $723,638.37. Following the completion of the sale, the vice president now directly owns 23,295 shares of the company’s stock, valued at $2,819,393.85. The disclosure for this sale can be found here. Insiders have sold a total of 16,466 shares of company stock valued at $2,019,274 over the last ninety days. 0.16% of the stock is owned by insiders.
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United Technologies 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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