Capital Planning Advisors LLC Cuts Stake in United Technologies Corporation (UTX)

Capital Planning Advisors LLC lessened its stake in shares of United Technologies Corporation (NYSE:UTX) by 5.9% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 9,105 shares of the conglomerate’s stock after selling 570 shares during the quarter. Capital Planning Advisors LLC’s holdings in United Technologies Corporation were worth $1,112,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tortoise Investment Management LLC lifted its stake in shares of United Technologies Corporation by 5.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock worth $117,000 after buying an additional 48 shares during the last quarter. Seven Bridges Advisors LLC acquired a new stake in shares of United Technologies Corporation during the 2nd quarter worth about $120,000. Winfield Associates Inc. lifted its stake in shares of United Technologies Corporation by 2.9% during the 2nd quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock worth $126,000 after buying an additional 29 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in shares of United Technologies Corporation during the 2nd quarter worth about $131,000. Finally, Alexandria Capital LLC lifted its stake in shares of United Technologies Corporation by 0.3% during the 2nd quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock worth $132,000 after buying an additional 3 shares during the last quarter. Institutional investors own 78.80% of the company’s stock.

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In other United Technologies Corporation news, EVP Michael R. Dumais sold 2,986 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $120.98, for a total value of $361,246.28. Following the transaction, the executive vice president now directly owns 27,548 shares of the company’s stock, valued at approximately $3,332,757.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is owned by company insiders.

United Technologies Corporation (NYSE:UTX) opened at $118.80 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.31 and a debt-to-equity ratio of 0.76. United Technologies Corporation has a 1-year low of $106.21 and a 1-year high of $124.79. The company has a market cap of $95,000.00, a PE ratio of 17.84, a price-to-earnings-growth ratio of 2.13 and a beta of 1.07.

United Technologies Corporation (NYSE:UTX) last released its 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 firm had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same period last year, the firm earned $1.76 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. equities research analysts predict that United Technologies Corporation will post 6.61 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Friday, November 17th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.36%. The ex-dividend date is Thursday, November 16th. United Technologies Corporation’s dividend payout ratio is currently 43.34%.

UTX has been the subject of a number of research reports. Zacks Investment Research upgraded shares of United Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Jefferies Group LLC restated a “buy” rating on shares of United Technologies Corporation in a research note on Thursday, July 27th. Cowen and Company restated a “buy” rating and set a $127.00 target price on shares of United Technologies Corporation in a research note on Tuesday, September 5th. Credit Suisse Group restated a “neutral” rating on shares of United Technologies Corporation in a research note on Friday, September 1st. Finally, BidaskClub cut shares of United Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Fourteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $125.15.

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.

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

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