Barr E S & Co. Has $795,000 Position in United Technologies Corporation (UTX)

Barr E S & Co. trimmed its position in United Technologies Corporation (NYSE:UTX) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,507 shares of the conglomerate’s stock after selling 48 shares during the period. Barr E S & Co.’s holdings in United Technologies were worth $795,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Tortoise Investment Management LLC raised its holdings in United Technologies by 5.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock worth $117,000 after buying an additional 48 shares during the period. Seven Bridges Advisors LLC acquired a new stake in United Technologies during the 2nd quarter worth approximately $120,000. Winfield Associates Inc. raised its holdings in United Technologies by 2.9% during the 2nd quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock worth $126,000 after buying an additional 29 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in United Technologies during the 2nd quarter worth approximately $131,000. Finally, Alexandria Capital LLC raised its holdings in United Technologies by 0.3% during the 2nd 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. Institutional investors and hedge funds own 80.20% of the company’s stock.

In related 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 completion of 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert J. Bailey sold 827 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were 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. Insiders have sold a total of 9,792 shares of company stock valued at $1,182,520 over the last ninety days. Company insiders own 0.16% of the company’s stock.

Shares of United Technologies Corporation (NYSE UTX) traded up $0.41 on Friday, hitting $122.81. 2,788,784 shares of the stock traded hands, compared to its average volume of 2,748,098. The company has a market cap of $97,744.96, a PE ratio of 18.49, a P/E/G ratio of 2.20 and a beta of 1.07. United Technologies Corporation has a one year low of $106.85 and a one year high of $124.79. 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 issued its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.05. The company had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. United Technologies had a net margin of 8.79% and a return on equity of 17.66%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned $1.76 EPS. equities research analysts forecast that United Technologies Corporation will post 6.61 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.80 annualized dividend and a dividend yield of 2.28%. United Technologies’s dividend payout ratio is currently 43.41%.

UTX has been the topic of several research analyst reports. Royal Bank Of Canada restated a “hold” rating and set a $125.00 target price on shares of United Technologies in a report on Sunday, August 13th. Jefferies Group restated a “buy” rating and set a $139.00 target price on shares of United Technologies in a report on Tuesday, August 29th. Credit Suisse Group restated a “neutral” rating on shares of United Technologies in a report on Friday, September 1st. Vertical Research downgraded shares of United Technologies from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a report on Tuesday, September 5th. Finally, Cowen restated a “buy” rating and set a $127.00 target price on shares of United Technologies in a report on Tuesday, September 5th. 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 presently has a consensus rating of “Hold” and an average price target of $125.15.

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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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