Alexandria Capital LLC grew its holdings in United Technologies Co. (NYSE:UTX) by 993.0% during the fourth quarter, Holdings Channel reports. The firm owned 11,815 shares of the conglomerate’s stock after acquiring an additional 10,734 shares during the quarter. Alexandria Capital LLC’s holdings in United Technologies were worth $1,508,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Timber Hill LLC grew its stake in shares of United Technologies by 522.4% in the fourth quarter. Timber Hill LLC now owns 13,692 shares of the conglomerate’s stock valued at $1,747,000 after buying an additional 11,492 shares in the last quarter. Alpha Cubed Investments LLC grew its stake in shares of United Technologies by 9.4% in the fourth quarter. Alpha Cubed Investments LLC now owns 132,625 shares of the conglomerate’s stock valued at $16,919,000 after buying an additional 11,449 shares in the last quarter. GM Advisory Group Inc. bought a new position in shares of United Technologies in the fourth quarter valued at $252,000. Dynamic Advisors Solutions LLC grew its stake in shares of United Technologies by 4.1% in the fourth quarter. Dynamic Advisors Solutions LLC now owns 14,318 shares of the conglomerate’s stock valued at $1,827,000 after buying an additional 567 shares in the last quarter. Finally, Baird Financial Group Inc. grew its stake in shares of United Technologies by 6.7% in the fourth quarter. Baird Financial Group Inc. now owns 420,580 shares of the conglomerate’s stock valued at $53,653,000 after buying an additional 26,415 shares in the last quarter. Institutional investors own 81.89% of the company’s stock.
Several research firms recently weighed in on UTX. ValuEngine raised shares of United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $146.00 target price (up from $124.00) on shares of United Technologies in a research note on Thursday, January 25th. Cowen reissued a “hold” rating and issued a $141.00 target price on shares of United Technologies in a research note on Thursday, January 25th. UBS began coverage on shares of United Technologies in a research note on Tuesday, January 23rd. They issued a “buy” rating and a $158.00 target price for the company. Finally, Goldman Sachs raised shares of United Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. United Technologies has an average rating of “Buy” and an average price target of $139.07.
In other news, VP Robert J. Bailey sold 419 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $133.73, for a total value of $56,032.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert J. Bailey sold 2,032 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $134.95, for a total transaction of $274,218.40. Following the completion of the sale, the vice president now directly owns 4,900 shares of the company’s stock, valued at approximately $661,255. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.
UTX stock opened at $122.76 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. United Technologies Co. has a one year low of $109.10 and a one year high of $139.24. The firm has a market cap of $100,580.13, a price-to-earnings ratio of 18.46, a P/E/G ratio of 1.90 and a beta of 1.08.
United Technologies (NYSE:UTX) last released its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $1.60 EPS for the quarter, topping the Zacks’ 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 during the quarter, compared to analysts’ expectations of $15.34 billion. During the same period in the previous year, the business posted $1.56 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. sell-side analysts anticipate that United Technologies Co. will post 7.04 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 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 2.28%. United Technologies’s payout ratio is presently 42.11%.
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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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