Matthew Goff Investment Advisor LLC grew its position in United Technologies Corporation (NYSE:UTX) by 24.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,638 shares of the conglomerate’s stock after acquiring an additional 2,688 shares during the period. United Technologies accounts for 1.5% of Matthew Goff Investment Advisor LLC’s portfolio, making the stock its 21st largest holding. Matthew Goff Investment Advisor LLC’s holdings in United Technologies were worth $1,665,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of UTX. SVA Plumb Wealth Management LLC raised its position in United Technologies by 36.9% in the 2nd quarter. SVA Plumb Wealth Management LLC now owns 2,602 shares of the conglomerate’s stock worth $318,000 after purchasing an additional 701 shares during the last quarter. Fiera Capital Corp raised its position in United Technologies by 14.8% in the 2nd quarter. Fiera Capital Corp now owns 3,013,096 shares of the conglomerate’s stock worth $367,929,000 after purchasing an additional 388,467 shares during the last quarter. Stephens Inc. AR raised its position in United Technologies by 5.5% in the 2nd quarter. Stephens Inc. AR now owns 40,499 shares of the conglomerate’s stock worth $4,945,000 after purchasing an additional 2,100 shares during the last quarter. Summit Global Investments raised its position in United Technologies by 23.7% in the 2nd quarter. Summit Global Investments now owns 5,330 shares of the conglomerate’s stock worth $651,000 after purchasing an additional 1,020 shares during the last quarter. Finally, AJO LP raised its position in United Technologies by 276.6% in the 2nd quarter. AJO LP now owns 53,253 shares of the conglomerate’s stock worth $6,503,000 after purchasing an additional 39,113 shares during the last quarter. Institutional investors own 80.20% of the company’s stock.
Several research analysts recently weighed in on the stock. Atlantic Securities upgraded shares of United Technologies from a “neutral” rating to an “overweight” rating in a research report on Tuesday. Royal Bank Of Canada set a $126.00 price objective on shares of United Technologies and gave the stock a “hold” rating in a research report on Sunday, November 12th. Cowen restated a “hold” rating and issued a $120.00 price objective on shares of United Technologies in a research report on Friday, November 10th. Zacks Investment Research raised shares of United Technologies from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Stifel Nicolaus lifted their target price on shares of United Technologies from $122.00 to $124.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $125.15.
In related news, EVP Michael R. Dumais sold 2,986 shares of the business’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 sale, the executive vice president now directly owns 27,548 shares of the company’s stock, valued at approximately $3,332,757.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Akhil Johri sold 5,979 shares of the business’s 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 completion of the sale, the vice president now directly owns 23,295 shares in the company, valued at $2,819,393.85. The disclosure for this sale can be found here. Insiders sold a total of 9,792 shares of company stock valued at $1,182,520 in the last three months. 0.16% of the stock is owned by company insiders.
Shares of United Technologies Corporation (UTX) traded down $0.08 during mid-day trading on Tuesday, hitting $120.04. 2,756,900 shares of the stock traded hands, compared to its average volume of 3,037,475. United Technologies Corporation has a one year low of $106.85 and a one year high of $124.79. The firm has a market cap of $95,924.23, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 2.16 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 (NYSE:UTX) last announced its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.05. United Technologies had a net margin of 8.79% and a return on equity of 17.66%. The company had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same quarter in the previous year, the business earned $1.76 EPS. The firm’s revenue was up 4.9% on a year-over-year basis. sell-side analysts predict that United Technologies Corporation will post 6.61 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Friday, November 17th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Thursday, November 16th. United Technologies’s dividend payout ratio (DPR) is 43.41%.
United Technologies 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.
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