Chilton Capital Management LLC reduced its stake in United Technologies Corporation (NYSE:UTX) by 3.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,739 shares of the conglomerate’s stock after selling 71 shares during the quarter. Chilton Capital Management LLC’s holdings in United Technologies were worth $212,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Goelzer Investment Management Inc. boosted its stake in shares of United Technologies by 0.3% in the first quarter. Goelzer Investment Management Inc. now owns 48,204 shares of the conglomerate’s stock valued at $5,409,000 after buying an additional 138 shares in the last quarter. Lincoln National Corp boosted its stake in shares of United Technologies by 102.1% in the first quarter. Lincoln National Corp now owns 4,961 shares of the conglomerate’s stock valued at $557,000 after buying an additional 2,506 shares in the last quarter. Thomaspartners Inc. boosted its stake in shares of United Technologies by 9.1% in the first quarter. Thomaspartners Inc. now owns 2,401,311 shares of the conglomerate’s stock valued at $269,451,000 after buying an additional 200,659 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of United Technologies in the first quarter valued at approximately $40,211,000. Finally, Capital Analysts LLC boosted its stake in shares of United Technologies by 9.0% in the first quarter. Capital Analysts LLC now owns 8,700 shares of the conglomerate’s stock valued at $976,000 after buying an additional 718 shares in the last quarter. Institutional investors own 80.20% of the company’s stock.
In other news, EVP Michael R. Dumais sold 2,986 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was 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 legal filing with the SEC, which is accessible through this hyperlink. Also, VP Robert J. Bailey sold 827 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $118.06, for a total value of $97,635.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,792 shares of company stock valued at $1,182,520. 0.16% of the stock is currently owned by insiders.
UTX has been the topic of a number of analyst reports. Bank of America restated a “buy” rating and issued a $140.00 price target on shares of United Technologies in a research note on Wednesday, September 6th. Cowen restated a “buy” rating and issued a $127.00 price target on shares of United Technologies in a research note on Tuesday, September 5th. Jefferies Group restated a “buy” rating and issued a $139.00 price target on shares of United Technologies in a research note on Tuesday, August 29th. Zacks Investment Research upgraded United Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Finally, Stifel Nicolaus lifted their price target on United Technologies from $122.00 to $124.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Fourteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. United Technologies currently has a consensus rating of “Hold” and a consensus target price of $125.15.
Shares of United Technologies Corporation (NYSE:UTX) traded up $0.41 during mid-day trading on Friday, reaching $122.81. The company had a trading volume of 2,788,784 shares, compared to its average volume of 2,748,098. The firm has a market capitalization of $98,072.38, a PE ratio of 18.55, a PEG ratio of 2.21 and a beta of 1.07. United Technologies Corporation has a 52-week low of $106.85 and a 52-week high of $124.79. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.31.
United Technologies (NYSE:UTX) last issued its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.05. The firm had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. United Technologies had a return on equity of 17.66% and a net margin of 8.79%. United Technologies’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.76 earnings per share. sell-side analysts anticipate that United Technologies Corporation will post 6.61 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Friday, November 17th will be issued 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 yield of 2.28%. United Technologies’s dividend payout ratio is presently 43.41%.
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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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