1,648 Shares in United Technologies Corporation (UTX) Acquired by Winslow Asset Management Inc.

Winslow Asset Management Inc. acquired a new stake in shares of United Technologies Corporation (NYSE:UTX) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,648 shares of the conglomerate’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of UTX. Harbour Capital Advisors LLC raised its stake in United Technologies Corporation by 11,652.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,127,156 shares of the conglomerate’s stock valued at $17,420,000 after acquiring an additional 2,109,056 shares during the last quarter. Flossbach Von Storch AG raised its stake in United Technologies Corporation by 95.6% during the 2nd quarter. Flossbach Von Storch AG now owns 1,617,008 shares of the conglomerate’s stock valued at $197,453,000 after acquiring an additional 790,496 shares during the last quarter. Swiss National Bank raised its stake in United Technologies Corporation by 25.2% during the 1st quarter. Swiss National Bank now owns 2,771,721 shares of the conglomerate’s stock valued at $311,015,000 after acquiring an additional 557,300 shares during the last quarter. American Century Companies Inc. raised its stake in United Technologies Corporation by 15.8% during the 1st quarter. American Century Companies Inc. now owns 3,430,061 shares of the conglomerate’s stock valued at $384,887,000 after acquiring an additional 468,515 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new stake in United Technologies Corporation during the 1st quarter valued at approximately $40,211,000. 78.87% of the stock is owned by hedge funds and other institutional investors.

United Technologies Corporation (NYSE:UTX) last posted its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, beating the consensus estimate of $1.68 by $0.05. United Technologies Corporation had a net margin of 8.79% and a return on equity of 17.66%. The business had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. During the same period in the previous year, the company posted $1.76 EPS. United Technologies Corporation’s revenue was up 4.9% on a year-over-year basis.

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Thursday, November 16th. United Technologies Corporation’s dividend payout ratio is currently 43.41%.

Several research firms have commented on UTX. Zacks Investment Research raised United Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Sanford C. Bernstein reissued a “market perform” rating and set a $135.00 target price (up from $130.00) on shares of United Technologies Corporation in a research note on Friday, July 21st. BidaskClub raised United Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Stifel Nicolaus reissued a “hold” rating and set a $126.00 target price on shares of United Technologies Corporation in a research note on Friday, July 7th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $125.00 target price on shares of United Technologies Corporation in a research note on Sunday, August 13th. Fourteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $125.15.

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United Technologies Corporation Company 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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