We Are One Seven LLC boosted its position in United Technologies Co. (NYSE:UTX) by 10.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,197 shares of the conglomerate’s stock after acquiring an additional 204 shares during the period. We Are One Seven LLC’s holdings in United Technologies were worth $300,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in UTX. Phocas Financial Corp. purchased a new stake in shares of United Technologies during the 2nd quarter valued at $25,000. Krane Funds Advisors LLC purchased a new stake in shares of United Technologies during the 2nd quarter valued at $26,000. Transamerica Financial Advisors Inc. purchased a new stake in shares of United Technologies during the 2nd quarter valued at $30,000. Quad Cities Investment Group LLC grew its stake in shares of United Technologies by 62.1% during the 2nd quarter. Quad Cities Investment Group LLC now owns 261 shares of the conglomerate’s stock valued at $34,000 after buying an additional 100 shares during the period. Finally, American National Bank acquired a new position in shares of United Technologies during the 3rd quarter valued at $34,000. 80.68% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on UTX shares. Cowen restated a “buy” rating and set a $150.00 target price on shares of United Technologies in a report on Wednesday, September 4th. Sanford C. Bernstein lifted their target price on shares of United Technologies from $143.00 to $154.00 and gave the company a “market perform” rating in a report on Tuesday, September 17th. Credit Suisse Group started coverage on shares of United Technologies in a report on Thursday, October 3rd. They set an “outperform” rating and a $164.00 target price on the stock. Vertical Research upgraded shares of United Technologies from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Friday, June 14th. Finally, William Blair restated a “hold” rating on shares of United Technologies in a report on Tuesday, September 3rd. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $154.81.
Shares of UTX stock opened at $136.15 on Friday. United Technologies Co. has a 12 month low of $100.48 and a 12 month high of $144.40. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.05 and a quick ratio of 0.74. The firm has a market capitalization of $113.87 billion, a P/E ratio of 16.52, a P/E/G ratio of 2.30 and a beta of 1.21. The company’s fifty day moving average price is $132.93 and its two-hundred day moving average price is $132.26.
United Technologies (NYSE:UTX) last issued its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.16. United Technologies had a net margin of 7.13% and a return on equity of 16.81%. The firm had revenue of $19.63 billion for the quarter, compared to analyst estimates of $19.58 billion. During the same quarter in the previous year, the business posted $1.97 EPS. The firm’s revenue was up 17.5% compared to the same quarter last year. On average, sell-side analysts anticipate that United Technologies Co. will post 8.03 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 2.16%. United Technologies’s dividend payout ratio is currently 38.63%.
In other news, EVP Elizabeth B. Amato sold 4,113 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $137.18, for a total value of $564,221.34. Following the sale, the executive vice president now owns 31,501 shares in the company, valued at approximately $4,321,307.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregory Hayes sold 19,542 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $133.35, for a total transaction of $2,605,925.70. Following the completion of the sale, the chief executive officer now owns 246,111 shares in the company, valued at approximately $32,818,901.85. The disclosure for this sale can be found here. Insiders sold a total of 103,123 shares of company stock worth $13,787,015 in the last quarter. 0.15% of the stock is currently owned by company insiders.
United Technologies Profile
United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.
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