WealthTrust Arizona LLC lifted its stake in United Technologies Co. (NYSE:UTX) by 1,960.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,194 shares of the conglomerate’s stock after purchasing an additional 3,039 shares during the period. WealthTrust Arizona LLC’s holdings in United Technologies were worth $340,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of United Technologies by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 59,240,301 shares of the conglomerate’s stock worth $8,282,386,000 after acquiring an additional 1,094,947 shares in the last quarter. Vanguard Group Inc increased its stake in United Technologies by 1.9% during the 3rd quarter. Vanguard Group Inc now owns 59,240,301 shares of the conglomerate’s stock valued at $8,282,386,000 after purchasing an additional 1,094,947 shares in the last quarter. BlackRock Inc. increased its stake in United Technologies by 0.7% during the 3rd quarter. BlackRock Inc. now owns 47,687,427 shares of the conglomerate’s stock valued at $6,667,179,000 after purchasing an additional 347,202 shares in the last quarter. FMR LLC increased its stake in United Technologies by 1.4% during the 3rd quarter. FMR LLC now owns 26,833,527 shares of the conglomerate’s stock valued at $3,751,597,000 after purchasing an additional 372,456 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of United Technologies by 5.5% in the third quarter. Morgan Stanley now owns 12,431,324 shares of the conglomerate’s stock worth $1,738,025,000 after acquiring an additional 649,983 shares during the period. 79.98% of the stock is owned by hedge funds and other institutional investors.
In other United Technologies news, EVP Michael R. Dumais sold 9,620 shares of United Technologies stock in a transaction that occurred on Wednesday, January 30th. The shares were sold at an average price of $119.12, for a total transaction of $1,145,934.40. Following the transaction, the executive vice president now owns 35,627 shares of the company’s stock, valued at $4,243,888.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Kelly Ortberg sold 16,587 shares of United Technologies stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $126.59, for a total transaction of $2,099,748.33. Following the transaction, the chief executive officer now directly owns 70,211 shares in the company, valued at approximately $8,888,010.49. The disclosure for this sale can be found here. Insiders have sold 97,770 shares of company stock worth $12,153,044 in the last ninety days. Insiders own 0.17% of the company’s stock.
UTX opened at $125.60 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.81 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $109.02 billion, a P/E ratio of 16.50, a price-to-earnings-growth ratio of 1.82 and a beta of 1.20. United Technologies Co. has a 12-month low of $100.48 and a 12-month high of $144.15.
United Technologies (NYSE:UTX) last posted its quarterly earnings data on Wednesday, January 23rd. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.42. The company had revenue of $18.04 billion for the quarter, compared to the consensus estimate of $16.87 billion. United Technologies had a net margin of 7.92% and a return on equity of 17.53%. The firm’s revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.60 earnings per share. On average, equities research analysts predict that United Technologies Co. will post 7.93 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Sunday, March 10th. Shareholders of record on Friday, February 15th were issued a dividend of $0.735 per share. This represents a $2.94 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, February 14th. United Technologies’s dividend payout ratio is currently 38.63%.
A number of analysts have recently commented on the stock. Wolfe Research set a $147.00 price target on shares of United Technologies and gave the stock a “buy” rating in a research note on Monday, November 26th. ValuEngine upgraded shares of United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, November 23rd. Jefferies Financial Group set a $148.00 price target on shares of United Technologies and gave the stock a “buy” rating in a research note on Tuesday, November 27th. JPMorgan Chase & Co. assumed coverage on shares of United Technologies in a research note on Friday, February 22nd. They issued an “overweight” rating and a $132.00 price target for the company. Finally, UBS Group upgraded shares of United Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $143.08.
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About United Technologies
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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