Janney Capital Management LLC decreased its position in United Technologies Co. (NYSE:UTX) by 33.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,959 shares of the conglomerate’s stock after selling 1,982 shares during the period. Janney Capital Management LLC’s holdings in United Technologies were worth $459,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Rowland & Co. Investment Counsel ADV increased its position in shares of United Technologies by 0.3% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock valued at $143,000 after acquiring an additional 3 shares during the period. Jackson Grant Investment Advisers Inc. grew its position in United Technologies by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 1,788 shares of the conglomerate’s stock worth $218,000 after purchasing an additional 8 shares during the period. Mosaic Family Wealth LLC grew its position in United Technologies by 0.3% during the 2nd quarter. Mosaic Family Wealth LLC now owns 4,357 shares of the conglomerate’s stock worth $532,000 after purchasing an additional 14 shares during the period. Hudock Capital Group LLC grew its position in shares of United Technologies by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 3,705 shares of the conglomerate’s stock valued at $452,000 after acquiring an additional 15 shares during the period. Finally, Laurel Wealth Advisors Inc. grew its position in shares of United Technologies by 0.3% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 5,943 shares of the conglomerate’s stock valued at $725,000 after acquiring an additional 18 shares during the period. Institutional investors own 79.87% of the company’s stock.
A number of research firms have recently commented on UTX. Cowen restated a “hold” rating and set a $141.00 target price on shares of United Technologies in a research report on Sunday. Argus raised shares of United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. ValuEngine raised shares of United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Sanford C. Bernstein restated a “positive” rating and set a $153.00 price target (up previously from $135.00) on shares of United Technologies in a report on Tuesday, January 30th. Finally, Stifel Nicolaus restated a “hold” rating and set a $146.00 price target (up previously from $124.00) on shares of United Technologies in a report on Thursday, January 25th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. United Technologies has an average rating of “Buy” and an average price target of $136.15.
In other news, VP Akhil Johri sold 5,979 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $121.03, for a total value of $723,638.37. Following the completion of the sale, the vice president now owns 23,295 shares of the company’s stock, valued at $2,819,393.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert J. Bailey sold 864 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $126.01, for a total transaction of $108,872.64. Following the sale, the vice president now directly owns 2,000 shares of the company’s stock, valued at $252,020. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,480 shares of company stock worth $1,658,028. 0.16% of the stock is currently owned by insiders.
Shares of United Technologies Co. (NYSE UTX) traded down $0.87 on Wednesday, reaching $124.90. 2,607,270 shares of the company were exchanged, compared to its average volume of 5,103,184. United Technologies Co. has a 52-week low of $107.05 and a 52-week high of $139.24. The company has a current ratio of 1.35, a quick ratio of 0.94 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $101,875.76, a PE ratio of 21.93, a PEG ratio of 2.16 and a beta of 1.08.
United Technologies (NYSE:UTX) last issued its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.04. United Technologies had a net margin of 7.61% and a return on equity of 17.35%. The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $15.34 billion. During the same period in the previous year, the business posted $1.56 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. analysts anticipate that United Technologies Co. will post 7.04 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 16th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Thursday, February 15th. United Technologies’s payout ratio is 49.12%.
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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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