Orleans Capital Management Corp LA reduced its stake in shares of United Technologies Co. (NYSE:UTX) by 9.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 23,642 shares of the conglomerate’s stock after selling 2,449 shares during the quarter. United Technologies comprises 2.1% of Orleans Capital Management Corp LA’s portfolio, making the stock its 22nd biggest holding. Orleans Capital Management Corp LA’s holdings in United Technologies were worth $2,744,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Knowledge Leaders Capital LLC acquired a new stake in shares of United Technologies in the third quarter valued at approximately $105,000. Tortoise Investment Management LLC grew its position in shares of United Technologies by 5.3% in the second 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 last quarter. Wealthcare Advisory Partners LLC acquired a new stake in shares of United Technologies in the third quarter valued at approximately $118,000. Seven Bridges Advisors LLC acquired a new stake in shares of United Technologies in the second quarter valued at approximately $120,000. Finally, Thompson Davis & CO. Inc. grew its position in shares of United Technologies by 750.4% in the third quarter. Thompson Davis & CO. Inc. now owns 1,080 shares of the conglomerate’s stock valued at $125,000 after purchasing an additional 953 shares during the last quarter. Institutional investors own 80.01% of the company’s stock.

United Technologies Co. (NYSE:UTX) opened at $125.03 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.94 and a current ratio of 1.35. The firm has a market cap of $99,850.00, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 2.17 and a beta of 1.08. United Technologies Co. has a one year low of $107.05 and a one year high of $139.24.

United Technologies (NYSE:UTX) last posted its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.04. The company had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $15.34 billion. United Technologies had a net margin of 7.61% and a return on equity of 17.35%. United Technologies’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.56 earnings per share. equities analysts expect that United Technologies Co. will post 7.01 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 16th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, February 15th. United Technologies’s dividend payout ratio is currently 49.12%.

Several analysts have recently commented on UTX shares. Stifel Nicolaus increased their price target on shares of United Technologies from $122.00 to $124.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Atlantic Securities upgraded shares of United Technologies from a “neutral” rating to an “overweight” rating in a research report on Tuesday, December 5th. Goldman Sachs Group upgraded shares of United Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Zacks Investment Research lowered shares of United Technologies from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Finally, Robert W. Baird upgraded shares of United Technologies from a “neutral” rating to an “outperform” rating in a research report on Friday, January 5th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. United Technologies has an average rating of “Buy” and an average price target of $136.15.

In other United Technologies news, VP Akhil Johri sold 5,979 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $121.03, for a total transaction of $723,638.37. Following the transaction, the vice president now owns 23,295 shares of the company’s stock, valued at $2,819,393.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Robert J. Bailey sold 864 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $126.01, for a total transaction of $108,872.64. Following the transaction, the vice president now directly owns 2,000 shares in the company, valued at approximately $252,020. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,480 shares of company stock worth $1,658,028. 0.16% of the stock is currently owned by insiders.

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About United Technologies

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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Institutional Ownership by Quarter for United Technologies (NYSE:UTX)

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