V Wealth Management LLC Takes Position in United Technologies Co. (UTX)

V Wealth Management LLC bought a new position in United Technologies Co. (NYSE:UTX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,566 shares of the conglomerate’s stock, valued at approximately $340,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rowland & Co. Investment Counsel ADV raised its holdings in shares of United Technologies by 0.3% during the second 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. raised its holdings in shares of United Technologies by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,788 shares of the conglomerate’s stock valued at $218,000 after acquiring an additional 8 shares during the period. Mosaic Family Wealth LLC raised its holdings in shares of United Technologies by 0.3% during the second quarter. Mosaic Family Wealth LLC now owns 4,357 shares of the conglomerate’s stock valued at $532,000 after acquiring an additional 14 shares during the period. Hudock Capital Group LLC increased its stake in United Technologies 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. Finally, Laurel Wealth Advisors Inc. increased its stake in United Technologies by 0.3% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 5,943 shares of the conglomerate’s stock valued at $725,000 after buying an additional 18 shares during the period. Institutional investors and hedge funds own 79.54% of the company’s stock.

UTX has been the topic of several research reports. Stifel Nicolaus upped their price objective on shares of United Technologies from $122.00 to $124.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Atlantic Securities upgraded shares of United Technologies from a “neutral” rating to an “overweight” rating in a research note on Tuesday, December 5th. Goldman Sachs Group upgraded shares of United Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Robert W. Baird upgraded shares of United Technologies from a “neutral” rating to an “outperform” rating in a research note on Friday, January 5th. Finally, Zacks Investment Research upgraded shares of United Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $137.07.

In related news, VP Akhil Johri sold 5,979 shares of the company’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 completion of the transaction, the vice president now directly owns 23,295 shares in the company, valued at approximately $2,819,393.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Elizabeth B. Amato sold 4,341 shares of the company’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 owns 29,122 shares of the company’s stock, valued at $3,667,042.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,480 shares of company stock valued at $1,658,028. 0.16% of the stock is owned by insiders.

Shares of United Technologies Co. (NYSE:UTX) opened at $129.26 on Thursday. 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 stock has a market cap of $101,139.97, a price-to-earnings ratio of 18.99, a P/E/G ratio of 2.09 and a beta of 1.08. United Technologies Co. has a 1-year low of $107.05 and a 1-year high of $139.24.

United Technologies (NYSE:UTX) last posted its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.04. The business had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $15.34 billion. United Technologies had a net margin of 7.61% and a return on equity of 17.35%. United Technologies’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.56 EPS. 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. Investors of record on Friday, February 16th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, February 15th. United Technologies’s dividend payout ratio is currently 49.12%.

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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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Institutional Ownership by Quarter for United Technologies (NYSE:UTX)

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