USA Mutuals Advisors Inc. Has $6,172,000 Stake in United Technologies Corporation (UTX)

USA Mutuals Advisors Inc. held its stake in shares of United Technologies Corporation (NYSE:UTX) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,000 shares of the conglomerate’s stock at the close of the first quarter. United Technologies Corporation accounts for about 3.5% of USA Mutuals Advisors Inc.’s investment portfolio, making the stock its 15th biggest holding. USA Mutuals Advisors Inc.’s holdings in United Technologies Corporation were worth $6,172,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Fisher Asset Management LLC increased its stake in shares of United Technologies Corporation by 1.3% in the 1st quarter. Fisher Asset Management LLC now owns 8,535,397 shares of the conglomerate’s stock valued at $957,757,000 after purchasing an additional 106,552 shares during the last quarter. Boston Partners increased its stake in shares of United Technologies Corporation by 3.0% in the 1st quarter. Boston Partners now owns 5,385,002 shares of the conglomerate’s stock valued at $604,251,000 after purchasing an additional 158,696 shares during the last quarter. Legal & General Group Plc increased its stake in shares of United Technologies Corporation by 3.6% in the 1st quarter. Legal & General Group Plc now owns 3,682,243 shares of the conglomerate’s stock valued at $413,192,000 after purchasing an additional 128,123 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of United Technologies Corporation by 3.7% in the 1st quarter. Ameriprise Financial Inc. now owns 3,544,737 shares of the conglomerate’s stock valued at $397,774,000 after purchasing an additional 125,003 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of United Technologies Corporation by 15.8% in the 1st quarter. American Century Companies Inc. now owns 3,430,061 shares of the conglomerate’s stock valued at $384,887,000 after purchasing an additional 468,515 shares during the last quarter. Institutional investors own 78.85% of the company’s stock.

United Technologies Corporation (UTX) traded up 0.57% during midday trading on Monday, hitting $110.17. The company’s stock had a trading volume of 1,791,762 shares. The stock has a 50 day moving average of $117.10 and a 200 day moving average of $117.64. The company has a market cap of $88.00 billion, a PE ratio of 16.78 and a beta of 1.05. United Technologies Corporation has a 52-week low of $97.62 and a 52-week high of $124.79.

United Technologies Corporation (NYSE:UTX) last released its earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.07. United Technologies Corporation had a net margin of 9.15% and a return on equity of 18.07%. The firm had revenue of $15.28 billion during the quarter, compared to analyst estimates of $15.24 billion. During the same period last year, the business earned $1.82 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. On average, equities analysts expect that United Technologies Corporation will post $6.57 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 10th. Stockholders of record on Friday, August 18th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.56%. This is a positive change from United Technologies Corporation’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Wednesday, August 16th. United Technologies Corporation’s dividend payout ratio (DPR) is presently 42.68%.

Several equities analysts have recently issued reports on UTX shares. Zacks Investment Research upgraded United Technologies Corporation from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Tuesday, May 16th. Jefferies Group LLC reiterated a “buy” rating on shares of United Technologies Corporation in a research note on Wednesday, May 31st. BidaskClub upgraded United Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. UBS AG boosted their price objective on United Technologies Corporation to $135.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Finally, Cowen and Company restated a “buy” rating and set a $127.00 price objective on shares of United Technologies Corporation in a research report on Tuesday, July 25th. Sixteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $124.48.

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United Technologies Corporation 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.

Institutional Ownership by Quarter for United Technologies Corporation (NYSE:UTX)

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