Birch Hill Investment Advisors LLC increased its holdings in United Technologies Co. (NYSE:UTX) by 0.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 149,495 shares of the conglomerate’s stock after acquiring an additional 1,125 shares during the period. United Technologies makes up about 1.5% of Birch Hill Investment Advisors LLC’s holdings, making the stock its 26th largest holding. Birch Hill Investment Advisors LLC’s holdings in United Technologies were worth $17,353,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Knowledge Leaders Capital LLC acquired a new stake in shares of United Technologies in the third quarter valued at $105,000. Tortoise Investment Management LLC raised its stake in 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 buying an additional 48 shares in the last quarter. Seven Bridges Advisors LLC acquired a new stake in United Technologies in the second quarter valued at $120,000. Thompson Davis & CO. Inc. raised its stake in United Technologies by 750.4% in the third quarter. Thompson Davis & CO. Inc. now owns 1,080 shares of the conglomerate’s stock valued at $125,000 after buying an additional 953 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new stake in United Technologies in the second quarter valued at $131,000. Institutional investors own 79.87% of the company’s stock.
A number of analysts have weighed in on the company. Cowen restated a “hold” rating and issued a $141.00 price target on shares of United Technologies in a research note on Sunday. Argus raised United Technologies from a “hold” rating to a “buy” rating in a report on Friday. ValuEngine raised United Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Sanford C. Bernstein reaffirmed a “positive” rating and set a $153.00 price objective (up previously from $135.00) on shares of United Technologies in a report on Tuesday, January 30th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $146.00 price objective (up previously from $124.00) on shares of United Technologies in a report on Thursday, January 25th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. United Technologies has a consensus rating of “Buy” and an average price target of $136.15.
United Technologies Co. (NYSE UTX) traded down $1.32 during mid-day trading on Tuesday, hitting $126.06. 1,394,076 shares of the stock were exchanged, compared to its average volume of 5,111,972. United Technologies Co. has a 52 week low of $107.05 and a 52 week high of $139.24. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.94 and a current ratio of 1.35. The firm has a market cap of $100,800.00, a P/E ratio of 22.14, a price-to-earnings-growth ratio of 2.12 and a beta of 1.08.
United Technologies (NYSE:UTX) last posted its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.04. United Technologies had a net margin of 7.61% and a return on equity of 17.35%. The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $15.34 billion. During the same period last year, the firm earned $1.56 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. equities research analysts expect that United Technologies Co. will post 7.01 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 16th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $2.80 annualized dividend and a dividend yield of 2.22%. United Technologies’s dividend payout ratio is currently 49.12%.
In related news, EVP Elizabeth B. Amato sold 4,341 shares of United Technologies stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $125.92, for a total transaction of $546,618.72. Following the completion of the transaction, the executive vice president now directly owns 29,122 shares in the company, valued at approximately $3,667,042.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Akhil Johri sold 5,979 shares of United Technologies stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $121.03, for a total value of $723,638.37. Following the transaction, the vice president now owns 23,295 shares of the company’s stock, valued at $2,819,393.85. The disclosure for this sale can be found here. Insiders have sold a total of 13,480 shares of company stock valued at $1,658,028 over the last 90 days. Insiders own 0.16% of the company’s stock.
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About United Technologies
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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