Bremer Trust National Association trimmed its holdings in shares of United Technologies Co. (NYSE:UTX) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,366 shares of the conglomerate’s stock after selling 1,496 shares during the quarter. United Technologies comprises about 0.9% of Bremer Trust National Association’s investment portfolio, making the stock its 23rd largest holding. Bremer Trust National Association’s holdings in United Technologies were worth $3,236,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in United Technologies by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock valued at $6,693,250,000 after buying an additional 848,623 shares during the period. BlackRock Inc. increased its holdings in United Technologies by 0.3% in the 2nd quarter. BlackRock Inc. now owns 44,095,986 shares of the conglomerate’s stock valued at $5,384,561,000 after buying an additional 133,036 shares during the period. FMR LLC increased its holdings in United Technologies by 13.2% in the 2nd quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock valued at $2,514,316,000 after buying an additional 2,401,795 shares during the period. Capital Research Global Investors increased its holdings in United Technologies by 3.6% in the 2nd quarter. Capital Research Global Investors now owns 8,779,642 shares of the conglomerate’s stock valued at $1,072,082,000 after buying an additional 304,989 shares during the period. Finally, Boston Partners increased its holdings in United Technologies by 5.3% in the 3rd quarter. Boston Partners now owns 5,467,419 shares of the conglomerate’s stock valued at $634,658,000 after buying an additional 274,184 shares during the period. 79.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of United Technologies Co. (NYSE UTX) opened at $126.70 on Thursday. United Technologies Co. has a one year low of $107.05 and a one year 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. The firm has a market cap of $101,180.00, a P/E ratio of 22.23, a PEG ratio of 2.16 and a beta of 1.08.

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, beating analysts’ consensus estimates of $1.56 by $0.04. United Technologies had a net margin of 7.61% and a return on equity of 17.35%. The company had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $15.34 billion. During the same period last year, the company posted $1.56 EPS. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. sell-side analysts anticipate that United Technologies Co. will post 7.04 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 16th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, February 15th. This represents a $2.80 annualized dividend and a yield of 2.21%. United Technologies’s dividend payout ratio is presently 49.12%.

In related news, EVP Elizabeth B. Amato sold 4,341 shares of United Technologies stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $125.92, for a total transaction of $546,618.72. Following the sale, the executive vice president now directly owns 29,122 shares in the company, valued at approximately $3,667,042.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $97,635.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,480 shares of company stock worth $1,658,028. 0.16% of the stock is owned by corporate insiders.

Several equities analysts have commented on UTX shares. Zacks Investment Research raised shares of United Technologies from a “hold” rating to a “buy” rating and set a $151.00 target price on the stock in a report on Saturday, January 20th. Goldman Sachs Group raised shares of United Technologies from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. UBS Group started coverage on shares of United Technologies in a report on Tuesday, January 23rd. They issued a “buy” rating and a $158.00 target price on the stock. ValuEngine raised shares of United Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Argus raised shares of United Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $136.15.

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

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