TRUE Private Wealth Advisors Has $440,000 Holdings in United Technologies Corporation (UTX)

TRUE Private Wealth Advisors raised its position in United Technologies Corporation (NYSE:UTX) by 7.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,610 shares of the conglomerate’s stock after buying an additional 254 shares during the period. TRUE Private Wealth Advisors’ holdings in United Technologies Corporation were worth $440,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Harbour Capital Advisors LLC increased its stake in shares of United Technologies Corporation by 11,652.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,127,156 shares of the conglomerate’s stock worth $17,420,000 after purchasing an additional 2,109,056 shares during the last quarter. Flossbach Von Storch AG increased its stake in shares of United Technologies Corporation by 95.6% during the 2nd quarter. Flossbach Von Storch AG now owns 1,617,008 shares of the conglomerate’s stock worth $197,453,000 after purchasing an additional 790,496 shares during the last quarter. Swiss National Bank increased its stake in shares of United Technologies Corporation by 25.2% during the 1st quarter. Swiss National Bank now owns 2,771,721 shares of the conglomerate’s stock worth $311,015,000 after purchasing an additional 557,300 shares during the last quarter. American Century Companies Inc. increased its stake in shares of United Technologies Corporation by 15.8% during the 1st quarter. American Century Companies Inc. now owns 3,430,061 shares of the conglomerate’s stock worth $384,887,000 after purchasing an additional 468,515 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new stake in shares of United Technologies Corporation during the 1st quarter worth approximately $40,211,000. Hedge funds and other institutional investors own 78.81% of the company’s stock.

Shares of United Technologies Corporation (NYSE:UTX) opened at $118.37 on Friday. The stock has a market cap of $94,990.00, a price-to-earnings ratio of 18.24, a PEG ratio of 2.18 and a beta of 1.07. United Technologies Corporation has a fifty-two week low of $105.34 and a fifty-two week high of $124.79. The company has a current ratio of 1.31, a quick ratio of 0.91 and a debt-to-equity ratio of 0.76.

United Technologies Corporation (NYSE:UTX) last issued its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. The company had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. United Technologies Corporation had a net margin of 8.79% and a return on equity of 17.66%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.76 EPS. research analysts predict that United Technologies Corporation will post 6.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Friday, November 17th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, November 16th. United Technologies Corporation’s payout ratio is presently 43.34%.

Several equities research analysts have recently issued reports on UTX shares. Zacks Investment Research lowered shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub lowered shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Sanford C. Bernstein restated a “market perform” rating and set a $135.00 price target (up previously from $130.00) on shares of United Technologies Corporation in a research note on Friday, July 21st. Cowen and Company restated a “buy” rating and set a $127.00 price target on shares of United Technologies Corporation in a research note on Tuesday, July 25th. Finally, Credit Suisse Group restated a “buy” rating and set a $136.00 price target on shares of United Technologies Corporation in a research note on Wednesday, July 26th. Fourteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $125.15.

COPYRIGHT VIOLATION NOTICE: This news story was posted by Transcript Daily and is the property of of Transcript Daily. If you are viewing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright and trademark laws. The correct version of this news story can be read at https://transcriptdaily.com/2017/11/10/true-private-wealth-advisors-has-440000-holdings-in-united-technologies-corporation-utx.html.

In related news, EVP Michael R. Dumais sold 2,986 shares of United Technologies Corporation stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $120.98, for a total value of $361,246.28. Following the transaction, the executive vice president now owns 27,548 shares in the company, valued at approximately $3,332,757.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.16% of the stock is owned by company insiders.

United Technologies Corporation Company 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.

Want to see what other hedge funds are holding UTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Technologies Corporation (NYSE:UTX).

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

Receive News & Ratings for United Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Technologies Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply