Doliver Capital Advisors LP lessened its holdings in United Technologies Co. (NYSE:UTX) by 50.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,485 shares of the conglomerate’s stock after selling 1,497 shares during the quarter. Doliver Capital Advisors LP’s holdings in United Technologies were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Credit Agricole S A boosted its holdings in United Technologies by 101.4% in the 2nd quarter. Credit Agricole S A now owns 866 shares of the conglomerate’s stock valued at $109,000 after purchasing an additional 436 shares in the last quarter. Jolley Asset Management LLC purchased a new stake in United Technologies in the 2nd quarter valued at approximately $114,000. Fort L.P. purchased a new stake in United Technologies in the 2nd quarter valued at approximately $120,000. WP Advisors LLC purchased a new stake in United Technologies in the 2nd quarter valued at approximately $126,000. Finally, Kiley Juergens Wealth Management LLC purchased a new stake in United Technologies in the 2nd quarter valued at approximately $127,000. 81.64% of the stock is currently owned by institutional investors.
Shares of NYSE:UTX opened at $130.71 on Friday. The company has a market cap of $102.48 billion, a PE ratio of 19.66, a PEG ratio of 1.94 and a beta of 1.09. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.17 and a current ratio of 1.52. United Technologies Co. has a 12 month low of $115.40 and a 12 month high of $144.15.
United Technologies (NYSE:UTX) last announced its quarterly earnings results on Tuesday, October 23rd. The conglomerate reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.11. The business had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.10 billion. United Technologies had a return on equity of 17.70% and a net margin of 7.76%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.73 EPS. Analysts expect that United Technologies Co. will post 7.27 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be given a dividend of $0.735 per share. This is an increase from United Technologies’s previous quarterly dividend of $0.70. This represents a $2.94 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Thursday, November 15th. United Technologies’s payout ratio is currently 42.11%.
Several equities research analysts have recently commented on the company. Zacks Investment Research raised United Technologies from a “hold” rating to a “buy” rating and set a $158.00 price target on the stock in a research note on Thursday, October 4th. ValuEngine lowered United Technologies from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. UBS Group assumed coverage on United Technologies in a research note on Wednesday, August 15th. They set a “buy” rating on the stock. Robert W. Baird boosted their price target on United Technologies from $156.00 to $167.00 and gave the stock a “neutral” rating in a research note on Thursday, September 20th. Finally, Royal Bank of Canada decreased their price target on United Technologies to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 24th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $151.90.
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United Technologies Profile
United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.
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