Heritage Wealth Advisors grew its holdings in shares of United Technologies Co. (NYSE:UTX) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,294 shares of the conglomerate’s stock after acquiring an additional 860 shares during the quarter. United Technologies comprises 0.7% of Heritage Wealth Advisors’ investment portfolio, making the stock its 28th largest position. Heritage Wealth Advisors’ holdings in United Technologies were worth $1,696,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Knowledge Leaders Capital LLC bought a new stake in United Technologies in the 3rd quarter worth approximately $105,000. Wealthcare Advisory Partners LLC bought a new stake in United Technologies in the 3rd quarter worth approximately $118,000. Thompson Davis & CO. Inc. lifted 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 last quarter. Thompson Siegel & Walmsley LLC lifted 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 last quarter. Finally, Rowland & Co. Investment Counsel ADV lifted 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 last quarter. Hedge funds and other institutional investors own 82.38% of the company’s stock.
United Technologies Co. (NYSE UTX) opened at $129.58 on Thursday. 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 $103,640.00, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05. United Technologies Co. has a 12 month low of $109.10 and a 12 month 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, topping the Zacks’ consensus estimate of $1.56 by $0.04. The business had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $15.34 billion. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.56 EPS. equities analysts predict that United Technologies Co. will post 7.05 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Friday, February 16th were paid a dividend of $0.70 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.80 annualized dividend and a dividend yield of 2.16%. United Technologies’s dividend payout ratio (DPR) is presently 42.68%.
In other news, VP Robert J. Bailey sold 2,032 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $134.95, for a total transaction of $274,218.40. Following the transaction, the vice president now directly owns 4,900 shares of the company’s stock, valued at $661,255. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Elizabeth B. Amato sold 4,341 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $125.92, for a total value of $546,618.72. Following the transaction, the executive vice president now directly owns 29,122 shares in the company, valued at $3,667,042.24. The disclosure for this sale can be found here. Insiders have sold 7,656 shares of company stock worth $985,743 over the last three months. Insiders own 0.16% of the company’s stock.
A number of analysts recently weighed in on UTX shares. Atlantic Securities upgraded United Technologies from a “neutral” rating to an “overweight” rating in a research report on Tuesday, December 5th. Goldman Sachs Group upgraded United Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Robert W. Baird upgraded United Technologies from a “neutral” rating to an “outperform” rating in a research report on Friday, January 5th. Cowen restated a “hold” rating and issued a $141.00 target price on shares of United Technologies in a research report on Thursday, January 25th. Finally, Zacks Investment Research upgraded United Technologies from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a research report on Saturday, January 20th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $137.20.
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United Technologies Company 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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