First Quadrant L P CA reduced its holdings in United Technologies Co. (NYSE:UTX) by 63.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,510 shares of the conglomerate’s stock after selling 9,490 shares during the period. First Quadrant L P CA’s holdings in United Technologies were worth $703,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of UTX. Knowledge Leaders Capital LLC bought a new position in United Technologies in the 3rd quarter worth approximately $105,000. Wealthcare Advisory Partners LLC bought a new position in United Technologies in the 3rd quarter worth approximately $118,000. Thompson Davis & CO. Inc. increased its position in United Technologies by 750.4% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,080 shares of the conglomerate’s stock worth $125,000 after buying an additional 953 shares during the period. Thompson Siegel & Walmsley LLC increased its position in United Technologies by 3.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,090 shares of the conglomerate’s stock worth $133,000 after buying an additional 40 shares during the period. Finally, Rowland & Co. Investment Counsel ADV increased its position in United Technologies by 0.3% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock worth $143,000 after buying an additional 3 shares during the period. 79.54% of the stock is currently owned by institutional investors.
Shares of United Technologies Co. (UTX) opened at $133.15 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.35 and a quick ratio of 0.94. The company has a market capitalization of $106,490.00, a price-to-earnings ratio of 20.30, a P/E/G ratio of 2.20 and a beta of 1.08. United Technologies Co. has a one year low of $107.05 and a one year high of $139.24.
United Technologies (NYSE:UTX) last announced its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $1.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.04. The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $15.34 billion. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. United Technologies’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.56 EPS. equities analysts forecast that United Technologies Co. will post 7.04 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 16th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, February 15th. United Technologies’s dividend payout ratio is 42.68%.
UTX has been the topic of several recent research reports. Robert W. Baird raised United Technologies from a “neutral” rating to an “outperform” rating in a report on Friday, January 5th. Cowen reissued a “hold” rating and set a $141.00 price objective on shares of United Technologies in a report on Sunday, February 11th. Sanford C. Bernstein reissued 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. Barclays initiated coverage on United Technologies in a report on Thursday, February 15th. They set an “overweight” rating and a $157.00 price objective on the stock. Finally, Royal Bank of Canada set a $126.00 price objective on United Technologies and gave the stock a “hold” rating in a report on Sunday, November 12th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $137.07.
In related news, VP Robert J. Bailey sold 827 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $118.06, for a total value of $97,635.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 value of $723,638.37. Following the completion of the sale, the vice president now directly owns 23,295 shares in the company, valued at approximately $2,819,393.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,899 shares of company stock worth $1,714,061. 0.16% of the stock is owned by insiders.
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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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