Bush Odonnell Investment Advisors Inc. lessened its stake in United Technologies Co. (NYSE:UTX) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 44,852 shares of the conglomerate’s stock after selling 3,095 shares during the period. United Technologies comprises 4.7% of Bush Odonnell Investment Advisors Inc.’s investment portfolio, making the stock its 13th biggest position. Bush Odonnell Investment Advisors Inc.’s holdings in United Technologies were worth $5,722,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of UTX. Knowledge Leaders Capital LLC acquired a new position in United Technologies in the 3rd quarter worth about $105,000. Wealthcare Advisory Partners LLC acquired a new position in shares of United Technologies during the third quarter valued at approximately $118,000. Thompson Davis & CO. Inc. raised its holdings in shares of United Technologies by 750.4% during the third quarter. Thompson Davis & CO. Inc. now owns 1,080 shares of the conglomerate’s stock valued at $125,000 after acquiring an additional 953 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of United Technologies by 3.8% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,090 shares of the conglomerate’s stock valued at $133,000 after acquiring an additional 40 shares during the last quarter. Finally, 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 last quarter. 81.86% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have commented on UTX. ValuEngine raised United Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus reissued a “hold” rating and set a $146.00 target price (up previously from $124.00) on shares of United Technologies in a report on Thursday, January 25th. Cowen reissued a “hold” rating and set a $141.00 target price on shares of United Technologies in a report on Thursday, January 25th. UBS began coverage on United Technologies in a report on Tuesday, January 23rd. They set a “buy” rating and a $158.00 target price for the company. Finally, Goldman Sachs raised United Technologies from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. United Technologies currently has an average rating of “Buy” and a consensus target price of $137.00.
In related news, VP Robert J. Bailey sold 419 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $133.73, for a total value of $56,032.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert J. Bailey sold 2,032 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $134.95, for a total value of $274,218.40. Following the completion of the transaction, the vice president now owns 4,900 shares of the company’s stock, valued at $661,255. The disclosure for this sale can be found here. 0.16% of the stock is owned by corporate insiders.
Shares of United Technologies Co. (UTX) opened at $127.20 on Tuesday. 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 stock has a market capitalization of $102,635.55, a P/E ratio of 22.32, a PEG ratio of 2.12 and a beta of 1.05. United Technologies Co. has a 52-week low of $109.10 and a 52-week high of $139.24.
United Technologies (NYSE:UTX) last posted its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.04. The business had revenue of $15.68 billion during 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%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.56 earnings per share. sell-side analysts predict that United Technologies Co. will post 7.04 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Friday, February 16th were given a $0.70 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.20%. United Technologies’s dividend payout ratio (DPR) is presently 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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