Stock Yards Bank & Trust Co. cut its stake in United Technologies Co. (NYSE:UTX) by 5.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 13,640 shares of the conglomerate’s stock after selling 814 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in United Technologies were worth $1,740,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of United Technologies by 1.6% during the second quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock valued at $6,693,250,000 after acquiring an additional 848,623 shares in the last quarter. BlackRock Inc. grew its stake in shares of United Technologies by 0.3% during the second quarter. BlackRock Inc. now owns 44,095,986 shares of the conglomerate’s stock valued at $5,384,561,000 after acquiring an additional 133,036 shares in the last quarter. FMR LLC grew its stake in shares of United Technologies by 13.2% during the second quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock valued at $2,514,316,000 after acquiring an additional 2,401,795 shares in the last quarter. Capital Research Global Investors grew its stake in shares of United Technologies by 3.6% during the second quarter. Capital Research Global Investors now owns 8,779,642 shares of the conglomerate’s stock valued at $1,072,082,000 after acquiring an additional 304,989 shares in the last quarter. Finally, Boston Partners grew its stake in shares of United Technologies by 5.3% during the third quarter. Boston Partners now owns 5,467,419 shares of the conglomerate’s stock valued at $634,658,000 after acquiring an additional 274,184 shares in the last quarter. 79.87% of the stock is currently owned by institutional investors.

United Technologies Co. (NYSE UTX) opened at $125.77 on Wednesday. The company has a market capitalization of $101,875.76, a PE ratio of 22.06, a P/E/G ratio of 2.16 and a beta of 1.08. United Technologies Co. has a 52 week low of $107.05 and a 52 week high of $139.24. The company has a quick ratio of 0.94, a current ratio of 1.35 and a debt-to-equity ratio of 0.80.

United Technologies (NYSE:UTX) last posted its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.04. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The business had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $15.34 billion. During the same period last year, the firm earned $1.56 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. analysts anticipate that United Technologies Co. will post 7.04 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 16th will be paid a $0.70 dividend. The ex-dividend date is Thursday, February 15th. This represents a $2.80 dividend on an annualized basis and a yield of 2.23%. United Technologies’s payout ratio is currently 49.12%.

In other United Technologies news, VP Robert J. Bailey sold 827 shares of United Technologies 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert J. Bailey sold 864 shares of United Technologies stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $126.01, for a total value of $108,872.64. Following the completion of the transaction, the vice president now owns 2,000 shares of the company’s stock, valued at $252,020. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,480 shares of company stock valued at $1,658,028. 0.16% of the stock is currently owned by insiders.

Several brokerages have recently weighed in on UTX. Argus upgraded United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. Cowen reiterated a “hold” rating and issued a $141.00 price target on shares of United Technologies in a research note on Sunday. Sanford C. Bernstein reiterated a “positive” rating and issued a $153.00 price target (up from $135.00) on shares of United Technologies in a research note on Tuesday, January 30th. Stifel Nicolaus reiterated a “hold” rating and issued a $146.00 price target (up from $124.00) on shares of United Technologies in a research note on Thursday, January 25th. Finally, UBS Group began coverage on United Technologies in a research note on Tuesday, January 23rd. They issued a “buy” rating and a $158.00 price target for the company. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $136.15.

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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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