Fieldpoint Private Securities LLC Takes $642,000 Position in United Technologies Co. (UTX)

Fieldpoint Private Securities LLC bought a new stake in shares of United Technologies Co. (NYSE:UTX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,531 shares of the conglomerate’s stock, valued at approximately $642,000.

Several other large investors have also recently bought and sold shares of UTX. Benedict Financial Advisors Inc. increased its holdings in shares of United Technologies by 0.4% during the 2nd quarter. Benedict Financial Advisors Inc. now owns 23,369 shares of the conglomerate’s stock valued at $2,886,000 after purchasing an additional 89 shares in the last quarter. Bank of Stockton increased its holdings in shares of United Technologies by 1.8% during the 2nd quarter. Bank of Stockton now owns 11,684 shares of the conglomerate’s stock valued at $1,426,000 after purchasing an additional 208 shares in the last quarter. Gamble Jones Investment Counsel increased its holdings in United Technologies by 0.3% in the 2nd quarter. Gamble Jones Investment Counsel now owns 70,509 shares of the conglomerate’s stock worth $8,610,000 after acquiring an additional 227 shares in the last quarter. Whitnell & Co. increased its holdings in United Technologies by 0.6% in the 2nd quarter. Whitnell & Co. now owns 16,617 shares of the conglomerate’s stock worth $2,029,000 after acquiring an additional 100 shares in the last quarter. Finally, Greystone Investment Management LLC purchased a new stake in United Technologies in the 2nd quarter worth $201,000. 80.01% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Elizabeth B. Amato sold 4,341 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $125.92, for a total transaction of $546,618.72. Following the completion of the sale, the executive vice president now owns 29,122 shares of the company’s stock, valued at $3,667,042.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Robert J. Bailey sold 827 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $118.06, for a total transaction of $97,635.62. The disclosure for this sale can be found here. Insiders have sold 13,480 shares of company stock valued at $1,658,028 in the last ninety days. Insiders own 0.16% of the company’s stock.

UTX has been the subject of several recent analyst reports. Stifel Nicolaus boosted their price target on shares of United Technologies from $122.00 to $124.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Atlantic Securities raised shares of United Technologies from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th. Goldman Sachs Group raised shares of United Technologies from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. Zacks Investment Research lowered shares of United Technologies from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Finally, Robert W. Baird raised shares of United Technologies from a “neutral” rating to an “outperform” rating in a report on Friday, January 5th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $136.15.

Shares of United Technologies Co. (NYSE UTX) opened at $127.48 on Friday. United Technologies Co. has a 1-year low of $107.05 and a 1-year high of $139.24. The stock has a market cap of $101,800.00, a price-to-earnings ratio of 22.36, a PEG ratio of 2.21 and a beta of 1.08. The company has a current ratio of 1.35, a quick ratio of 0.94 and a debt-to-equity ratio of 0.80.

United Technologies (NYSE:UTX) last released its earnings results on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.04. United Technologies had a net margin of 7.61% and a return on equity of 17.35%. The business had revenue of $15.68 billion during the quarter, compared to analyst estimates of $15.34 billion. During the same quarter in the prior year, the firm earned $1.56 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. equities research analysts forecast that United Technologies Co. will post 7.01 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Friday, February 16th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Thursday, February 15th. United Technologies’s payout ratio is 49.12%.

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United Technologies 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 (NYSE:UTX)

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