Robinson Value Management Ltd. Has $2.11 Million Position in United Technologies Co. (UTX)

Robinson Value Management Ltd. cut its stake in shares of United Technologies Co. (NYSE:UTX) by 47.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,174 shares of the conglomerate’s stock after selling 16,577 shares during the period. United Technologies comprises about 1.9% of Robinson Value Management Ltd.’s investment portfolio, making the stock its 20th biggest position. Robinson Value Management Ltd.’s holdings in United Technologies were worth $2,110,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UTX. Rowland & Co. Investment Counsel ADV lifted its position in shares of United Technologies by 0.3% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock valued at $143,000 after acquiring an additional 3 shares in the last quarter. Jackson Grant Investment Advisers Inc. lifted its position in shares of United Technologies by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,788 shares of the conglomerate’s stock valued at $218,000 after acquiring an additional 8 shares in the last quarter. Mosaic Family Wealth LLC lifted its position in shares of United Technologies by 0.3% in the second quarter. Mosaic Family Wealth LLC now owns 4,357 shares of the conglomerate’s stock valued at $532,000 after acquiring an additional 14 shares in the last quarter. Hudock Capital Group LLC lifted its position in shares of United Technologies by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,705 shares of the conglomerate’s stock valued at $452,000 after acquiring an additional 15 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. lifted its position in shares of United Technologies by 0.3% in the second quarter. Laurel Wealth Advisors Inc. now owns 5,943 shares of the conglomerate’s stock valued at $725,000 after acquiring an additional 18 shares in the last quarter. Institutional investors own 80.01% of the company’s stock.

Shares of United Technologies Co. (UTX) opened at $125.03 on Friday. United Technologies Co. has a twelve month low of $107.05 and a twelve month high of $139.24. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.35 and a quick ratio of 0.94. The stock has a market capitalization of $99,850.00, a PE ratio of 21.94, a PEG ratio of 2.24 and a beta of 1.08.

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

The company 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 $0.70 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $2.80 annualized dividend and a dividend yield of 2.24%. United Technologies’s dividend payout ratio (DPR) is 49.12%.

In other United Technologies news, VP Akhil Johri sold 5,979 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $121.03, for a total transaction of $723,638.37. Following the sale, the vice president now directly owns 23,295 shares of the company’s stock, valued at $2,819,393.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert J. Bailey sold 827 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $118.06, for a total value of $97,635.62. The disclosure for this sale can be found here. Insiders sold 13,480 shares of company stock worth $1,658,028 over the last ninety days. Insiders own 0.16% of the company’s stock.

Several brokerages have recently commented on UTX. Argus upgraded United Technologies from a “hold” rating to a “buy” rating in a research report on Friday. ValuEngine upgraded United Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Sanford C. Bernstein restated a “positive” rating and issued a $153.00 price objective (up from $135.00) on shares of United Technologies in a research report on Tuesday, January 30th. Stifel Nicolaus restated a “hold” rating and issued a $146.00 price objective (up from $124.00) on shares of United Technologies in a research report on Thursday, January 25th. Finally, Cowen restated a “hold” rating and issued a $141.00 price objective on shares of United Technologies in a research report on Thursday, January 25th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. United Technologies has a consensus rating of “Buy” and an average price target of $136.15.

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About United Technologies

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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