Chicago Equity Partners LLC Acquires 410 Shares of United Technologies Corporation (UTX)

Chicago Equity Partners LLC lifted its position in shares of United Technologies Corporation (NYSE:UTX) by 6.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,195 shares of the conglomerate’s stock after buying an additional 410 shares during the quarter. Chicago Equity Partners LLC’s holdings in United Technologies Corporation were worth $879,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Alexandria Capital LLC increased its position in shares of United Technologies Corporation by 0.3% during the second quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock worth $132,000 after buying an additional 3 shares during the period. TCI Wealth Advisors Inc. increased its position in shares of United Technologies Corporation by 0.3% during the first quarter. TCI Wealth Advisors Inc. now owns 2,501 shares of the conglomerate’s stock worth $281,000 after buying an additional 7 shares during the period. Kissinger Financial Services LLC increased its position in shares of United Technologies Corporation by 0.5% during the second quarter. Kissinger Financial Services LLC now owns 2,095 shares of the conglomerate’s stock worth $256,000 after buying an additional 11 shares during the period. Baystate Wealth Management LLC increased its position in shares of United Technologies Corporation by 0.5% during the second quarter. Baystate Wealth Management LLC now owns 2,262 shares of the conglomerate’s stock worth $279,000 after buying an additional 11 shares during the period. Finally, Vigilant Capital Management LLC increased its position in shares of United Technologies Corporation by 0.7% during the second quarter. Vigilant Capital Management LLC now owns 1,891 shares of the conglomerate’s stock worth $231,000 after buying an additional 14 shares during the period. Institutional investors own 78.33% of the company’s stock.

United Technologies Corporation (UTX) opened at $116.38 on Tuesday. United Technologies Corporation has a 12 month low of $106.21 and a 12 month high of $124.79. The firm has a market cap of $93,057.35, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 2.10 and a beta of 1.07. The company has a quick ratio of 0.91, a current ratio of 1.31 and a debt-to-equity ratio of 0.76.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Friday, November 17th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, November 16th. United Technologies Corporation’s dividend payout ratio (DPR) is 43.41%.

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In other United Technologies Corporation news, EVP Michael R. Dumais sold 2,986 shares of the firm’s 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 directly owns 27,548 shares of the company’s stock, valued at $3,332,757.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is currently owned by company insiders.

Several equities research analysts have recently weighed in on UTX shares. Bank of America Corporation reiterated a “buy” rating and set a $140.00 price objective on shares of United Technologies Corporation in a research report on Wednesday, September 6th. Jefferies Group LLC reiterated a “buy” rating on shares of United Technologies Corporation in a research report on Thursday, July 27th. Credit Suisse Group reiterated a “buy” rating and set a $136.00 price objective on shares of United Technologies Corporation in a research report on Wednesday, July 26th. Cowen and Company reiterated a “buy” rating and set a $127.00 price objective on shares of United Technologies Corporation in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $125.00 price objective on shares of United Technologies Corporation in a research report on Sunday, August 13th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $125.15.

United Technologies Corporation 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 Corporation (NYSE:UTX)

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