Sawyer & Company Inc purchased a new position in United Technologies Co. (NYSE:UTX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,190 shares of the conglomerate’s stock, valued at approximately $917,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of UTX. Rowland & Co. Investment Counsel ADV increased its stake in shares of United Technologies by 0.3% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock valued at $143,000 after acquiring an additional 3 shares in the last quarter. Jackson Grant Investment Advisers Inc. increased its stake in shares of United Technologies by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 1,788 shares of the conglomerate’s stock valued at $218,000 after acquiring an additional 8 shares in the last quarter. Mosaic Family Wealth LLC increased its stake in shares of United Technologies by 0.3% in the 2nd quarter. Mosaic Family Wealth LLC now owns 4,357 shares of the conglomerate’s stock valued at $532,000 after acquiring an additional 14 shares in the last quarter. Hudock Capital Group LLC increased its stake in shares of United Technologies by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 3,705 shares of the conglomerate’s stock valued at $452,000 after acquiring an additional 15 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. increased its stake in shares of United Technologies by 0.3% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 5,943 shares of the conglomerate’s stock valued at $725,000 after acquiring an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 79.87% of the company’s stock.

Shares of United Technologies Co. (UTX) opened at $126.70 on Thursday. The company has a market cap of $101,180.00, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 2.16 and a beta of 1.08. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.94 and a current ratio of 1.35. United Technologies Co. has a one year low of $107.05 and a one year high of $139.24.

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

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

Several analysts have recently weighed in on UTX shares. Stifel Nicolaus lifted their price objective on shares of United Technologies from $122.00 to $124.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Atlantic Securities upgraded shares of United Technologies from a “neutral” rating to an “overweight” rating in a research note on Tuesday, December 5th. Goldman Sachs Group upgraded shares of United Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Robert W. Baird upgraded shares of United Technologies from a “neutral” rating to an “outperform” rating in a research note on Friday, January 5th. Finally, Zacks Investment Research upgraded shares of United Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $136.15.

In other United Technologies news, VP Akhil Johri sold 5,979 shares of United Technologies stock in a transaction 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 directly owns 23,295 shares of the company’s stock, valued at approximately $2,819,393.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert J. Bailey sold 864 shares of United Technologies stock in a transaction 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 $252,020. The disclosure for this sale can be found here. Insiders have sold a total of 13,480 shares of company stock worth $1,658,028 over the last ninety days. Insiders own 0.16% of the company’s stock.

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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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