Winslow Asset Management Inc. bought a new position in shares of United Technologies Co. (NYSE:UTX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,648 shares of the conglomerate’s stock, valued at approximately $210,000.
A number of other large investors have also recently made changes to their positions in the stock. Callahan Advisors LLC increased its holdings in shares of United Technologies by 5.6% in the second quarter. Callahan Advisors LLC now owns 9,620 shares of the conglomerate’s stock valued at $1,175,000 after buying an additional 511 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of United Technologies by 6.4% in the second quarter. IFP Advisors Inc now owns 22,567 shares of the conglomerate’s stock valued at $2,756,000 after buying an additional 1,366 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of United Technologies by 24.7% in the second quarter. Chicago Partners Investment Group LLC now owns 6,278 shares of the conglomerate’s stock valued at $728,000 after buying an additional 1,245 shares in the last quarter. Beach Investment Management LLC. bought a new position in shares of United Technologies in the second quarter valued at $434,000. Finally, Davis R M Inc. increased its holdings in shares of United Technologies by 0.6% in the second quarter. Davis R M Inc. now owns 252,477 shares of the conglomerate’s stock valued at $30,830,000 after buying an additional 1,390 shares in the last quarter. 79.87% of the stock is currently owned by hedge funds and other institutional investors.
United Technologies Co. (NYSE UTX) opened at $125.77 on Wednesday. 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 $101,875.76, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 2.16 and a beta of 1.08.
United Technologies (NYSE:UTX) last posted its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share for the quarter, topping the 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 firm had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $15.34 billion. During the same period in the previous year, the company posted $1.56 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. equities analysts anticipate that United Technologies Co. will post 7.04 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 16th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.23%. The ex-dividend date is Thursday, February 15th. United Technologies’s payout ratio is 49.12%.
In other news, EVP Elizabeth B. Amato sold 4,341 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $125.92, for a total transaction of $546,618.72. Following the transaction, the executive vice president now directly owns 29,122 shares in the company, valued at approximately $3,667,042.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Akhil Johri sold 5,979 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $121.03, for a total transaction of $723,638.37. Following the transaction, the vice president now owns 23,295 shares in the company, valued at $2,819,393.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,480 shares of company stock worth $1,658,028. Corporate insiders own 0.16% of the company’s stock.
Several research firms have issued reports on UTX. Argus raised United Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Cowen reaffirmed a “hold” rating and issued a $141.00 price target on shares of United Technologies in a report on Sunday. Sanford C. Bernstein reaffirmed a “positive” rating and issued a $153.00 price target (up previously from $135.00) on shares of United Technologies in a report on Tuesday, January 30th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $146.00 price target (up previously from $124.00) on shares of United Technologies in a report on Thursday, January 25th. Finally, UBS Group initiated coverage on United Technologies in a report on Tuesday, January 23rd. They issued a “buy” rating and a $158.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $136.15.
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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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