Asset Planning Services Inc. LA ADV boosted its stake in shares of United Technologies Corporation (NYSE:UTX) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,841 shares of the conglomerate’s stock after purchasing an additional 1,770 shares during the quarter. United Technologies Corporation accounts for approximately 3.6% of Asset Planning Services Inc. LA ADV’s holdings, making the stock its 8th biggest position. Asset Planning Services Inc. LA ADV’s holdings in United Technologies Corporation were worth $4,254,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in UTX. Brighton Jones LLC bought a new stake in United Technologies Corporation in the 2nd quarter valued at $871,000. Cambridge Investment Research Advisors Inc. increased its holdings in United Technologies Corporation by 9.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 86,127 shares of the conglomerate’s stock valued at $10,517,000 after buying an additional 7,766 shares during the period. NTV Asset Management LLC increased its holdings in United Technologies Corporation by 1.0% in the 2nd quarter. NTV Asset Management LLC now owns 29,049 shares of the conglomerate’s stock valued at $3,547,000 after buying an additional 289 shares during the period. McKinley Carter Wealth Services Inc. increased its holdings in United Technologies Corporation by 0.9% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 24,542 shares of the conglomerate’s stock valued at $2,997,000 after buying an additional 210 shares during the period. Finally, Hudock Capital Group LLC increased its holdings in United Technologies Corporation by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 3,705 shares of the conglomerate’s stock valued at $452,000 after buying an additional 15 shares during the period. Hedge funds and other institutional investors own 78.80% of the company’s stock.
In other United Technologies Corporation news, EVP Michael R. Dumais sold 2,986 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $120.98, for a total transaction of $361,246.28. Following the sale, the executive vice president now owns 27,548 shares of the company’s stock, valued at approximately $3,332,757.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.
Several equities research analysts have issued reports on UTX shares. Sanford C. Bernstein reissued a “market perform” rating and issued a $135.00 price target (up previously from $130.00) on shares of United Technologies Corporation in a report on Friday, July 21st. Cowen and Company reissued a “buy” rating and issued a $127.00 price target on shares of United Technologies Corporation in a report on Tuesday, July 25th. Credit Suisse Group reissued a “buy” rating and issued a $136.00 price target on shares of United Technologies Corporation in a report on Wednesday, July 26th. Jefferies Group LLC reissued a “buy” rating on shares of United Technologies Corporation in a report on Thursday, July 27th. Finally, BidaskClub lowered shares of United Technologies Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. United Technologies Corporation currently has a consensus rating of “Hold” and a consensus target price of $125.15.
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Shares of United Technologies Corporation (NYSE:UTX) opened at $117.89 on Friday. United Technologies Corporation has a fifty-two week low of $106.21 and a fifty-two week high of $124.79. The company has a current ratio of 1.31, a quick ratio of 0.91 and a debt-to-equity ratio of 0.76. The company has a market cap of $94,140.00, a PE ratio of 17.95, a price-to-earnings-growth ratio of 2.14 and a beta of 1.07.
United Technologies Corporation (NYSE:UTX) last issued its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, topping 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 quarter in the prior year, the firm earned $1.76 EPS. The company’s revenue was up 4.9% on a year-over-year basis. equities analysts forecast that United Technologies Corporation will post 6.61 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Thursday, November 16th. United Technologies Corporation’s dividend payout ratio is currently 43.34%.
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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