SeaCrest Wealth Management LLC bought a new position in United Technologies Co. (NYSE:UTX) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 11,580 shares of the conglomerate’s stock, valued at approximately $1,477,000.
Several other large investors also recently bought and sold shares of UTX. FMR LLC raised its holdings in shares of United Technologies by 13.2% in the 2nd quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock worth $2,514,316,000 after purchasing an additional 2,401,795 shares during the period. Stifel Financial Corp raised its holdings in shares of United Technologies by 14,827.8% in the 3rd quarter. Stifel Financial Corp now owns 1,079,875 shares of the conglomerate’s stock worth $125,442,000 after purchasing an additional 1,072,641 shares during the period. Vanguard Group Inc. raised its holdings in shares of United Technologies by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock worth $6,693,250,000 after purchasing an additional 848,623 shares during the period. Parametric Portfolio Associates LLC raised its holdings in shares of United Technologies by 50.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,244,427 shares of the conglomerate’s stock worth $274,067,000 after purchasing an additional 756,600 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of United Technologies by 325.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 880,900 shares of the conglomerate’s stock worth $107,567,000 after purchasing an additional 673,800 shares during the period. 82.38% of the stock is currently owned by institutional investors.
A number of equities research analysts recently commented on UTX shares. Robert W. Baird raised shares of United Technologies from a “neutral” rating to an “outperform” rating in a report on Friday, January 5th. Cowen reaffirmed a “hold” rating and issued a $141.00 price target on shares of United Technologies in a report on Sunday, February 11th. Sanford C. Bernstein reaffirmed a “positive” rating and issued a $153.00 price target (up previously from $135.00) on shares of United Technologies in a report on Tuesday, January 30th. Barclays started coverage on shares of United Technologies in a report on Thursday, February 15th. They issued an “overweight” rating and a $157.00 price target on the stock. Finally, Zacks Investment Research raised shares of United Technologies from a “hold” rating to a “buy” rating and set a $151.00 price target on the stock in a report on Saturday, January 20th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. United Technologies presently has a consensus rating of “Buy” and a consensus price target of $137.20.
United Technologies (NYSE:UTX) last released its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.04. The firm had revenue of $15.68 billion during the quarter, compared to analyst estimates of $15.34 billion. United Technologies had a net margin of 7.61% and a return on equity of 17.35%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.56 EPS. equities research analysts forecast that United Technologies Co. will post 7.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Friday, February 16th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.15%. United Technologies’s dividend payout ratio (DPR) is currently 42.68%.
In other news, EVP Elizabeth B. Amato sold 4,341 shares of the business’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 transaction, the executive vice president now directly owns 29,122 shares in the company, valued at approximately $3,667,042.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert J. Bailey sold 2,032 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $134.95, for a total transaction of $274,218.40. Following the transaction, the vice president now owns 4,900 shares of the company’s stock, valued at $661,255. The disclosure for this sale can be found here. Insiders have sold a total of 7,656 shares of company stock valued at $985,743 over the last 90 days. Company insiders own 0.16% of the company’s stock.
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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