Janus Henderson Group PLC grew its stake in United Technologies Co. (NYSE:UTX) by 108.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,239,073 shares of the conglomerate’s stock after acquiring an additional 644,795 shares during the quarter. Janus Henderson Group PLC’s holdings in United Technologies were worth $185,553,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in UTX. Bessemer Group Inc. grew its holdings in United Technologies by 7,504.9% during the fourth quarter. Bessemer Group Inc. now owns 1,138,071 shares of the conglomerate’s stock valued at $170,438,000 after purchasing an additional 1,123,106 shares during the period. Massachusetts Financial Services Co. MA grew its stake in United Technologies by 7.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 15,034,348 shares of the conglomerate’s stock valued at $2,251,543,000 after acquiring an additional 1,022,774 shares during the period. Bank of New York Mellon Corp grew its stake in United Technologies by 8.3% in the fourth quarter. Bank of New York Mellon Corp now owns 10,173,835 shares of the conglomerate’s stock valued at $1,523,634,000 after acquiring an additional 782,934 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of United Technologies in the fourth quarter worth about $110,709,000. Finally, Fiera Capital Corp increased its holdings in shares of United Technologies by 17.9% in the fourth quarter. Fiera Capital Corp now owns 4,595,785 shares of the conglomerate’s stock worth $688,265,000 after acquiring an additional 697,181 shares in the last quarter. Institutional investors and hedge funds own 81.71% of the company’s stock.
NYSE:UTX opened at $96.19 on Thursday. The stock has a 50-day simple moving average of $129.04 and a 200 day simple moving average of $140.96. United Technologies Co. has a 52-week low of $69.02 and a 52-week high of $158.44. The company has a market cap of $75.15 billion, a PE ratio of 15.01, a PEG ratio of 1.36 and a beta of 1.26. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.77 and a current ratio of 1.08.
United Technologies (NYSE:UTX) last released its earnings results on Tuesday, January 28th. The conglomerate reported $1.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.10. United Technologies had a return on equity of 16.60% and a net margin of 7.19%. The firm had revenue of $19.55 billion for the quarter, compared to analysts’ expectations of $19.34 billion. During the same quarter in the previous year, the business posted $1.95 EPS. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, research analysts predict that United Technologies Co. will post 7.88 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Friday, February 14th were issued a $0.735 dividend. The ex-dividend date was Thursday, February 13th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 3.06%. United Technologies’s dividend payout ratio (DPR) is presently 35.59%.
Several equities analysts have recently weighed in on the company. UBS Group lifted their price objective on United Technologies from $157.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Cowen reissued an “outperform” rating and set a $150.00 target price (down from $169.00) on shares of United Technologies in a research note on Thursday, March 5th. Benchmark initiated coverage on shares of United Technologies in a report on Friday, January 31st. They set a “buy” rating and a $186.00 target price on the stock. Barclays reaffirmed a “buy” rating and issued a $150.00 price target on shares of United Technologies in a research note on Friday, March 13th. Finally, Argus reaffirmed a “buy” rating and issued a $170.00 price target on shares of United Technologies in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. United Technologies has an average rating of “Buy” and a consensus price target of $162.80.
United Technologies Company 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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