Security National Trust Co. lowered its stake in United Technologies Co. (NYSE:UTX) by 9.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,887 shares of the conglomerate’s stock after selling 3,222 shares during the quarter. United Technologies makes up approximately 1.2% of Security National Trust Co.’s investment portfolio, making the stock its 26th largest position. Security National Trust Co.’s holdings in United Technologies were worth $3,585,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Knowledge Leaders Capital LLC acquired a new stake in shares of United Technologies in the third quarter valued at about $105,000. Tortoise Investment Management LLC increased its position in shares of United Technologies by 5.3% in the second quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock valued at $117,000 after acquiring an additional 48 shares during the last quarter. Seven Bridges Advisors LLC acquired a new stake in shares of United Technologies in the second quarter valued at about $120,000. Winfield Associates Inc. increased its position in shares of United Technologies by 2.9% in the second quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock valued at $126,000 after acquiring an additional 29 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new stake in shares of United Technologies in the second quarter valued at about $131,000. 80.07% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Robert J. Bailey sold 827 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $118.06, for a total transaction of $97,635.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Robert J. Bailey sold 636 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $124.35, for a total value of $79,086.60. Following the sale, the vice president now owns 1,500 shares of the company’s stock, valued at approximately $186,525. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,466 shares of company stock valued at $2,019,274. Corporate insiders own 0.16% of the company’s stock.
A number of research firms recently issued reports on UTX. Goldman Sachs Group raised United Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Cowen reaffirmed a “hold” rating and issued a $120.00 target price on shares of United Technologies in a research report on Friday, November 10th. Royal Bank of Canada reissued a “hold” rating and set a $126.00 price target on shares of United Technologies in a research report on Tuesday, October 10th. Atlantic Securities raised United Technologies from a “neutral” rating to an “overweight” rating in a research report on Tuesday, December 5th. Finally, Zacks Investment Research downgraded United Technologies from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. United Technologies has an average rating of “Hold” and a consensus price target of $128.19.
United Technologies Co. (NYSE UTX) opened at $135.90 on Friday. The firm has a market capitalization of $108,530.00, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 0.91 and a debt-to-equity ratio of 0.76. United Technologies Co. has a 12-month low of $106.85 and a 12-month high of $137.73.
United Technologies (NYSE:UTX) last announced its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. United Technologies had a return on equity of 17.66% and a net margin of 8.79%. The firm had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the previous year, the business earned $1.76 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. equities analysts forecast that United Technologies Co. will post 6.61 EPS for the current year.
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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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