Tdam USA Inc. Has $18.11 Million Stake in United Technologies Co. (UTX)

Tdam USA Inc. lifted its holdings in shares of United Technologies Co. (NYSE:UTX) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 137,460 shares of the conglomerate’s stock after purchasing an additional 2,692 shares during the quarter. United Technologies makes up about 1.1% of Tdam USA Inc.’s holdings, making the stock its 25th biggest position. Tdam USA Inc.’s holdings in United Technologies were worth $18,110,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. BTR Capital Management Inc. grew its stake in United Technologies by 0.4% in the 2nd quarter. BTR Capital Management Inc. now owns 92,105 shares of the conglomerate’s stock valued at $11,516,000 after buying an additional 375 shares during the last quarter. Squar Milner Financial Services LLC boosted its holdings in United Technologies by 13.5% in the 2nd quarter. Squar Milner Financial Services LLC now owns 3,346 shares of the conglomerate’s stock valued at $418,000 after purchasing an additional 397 shares during the period. Ascension Asset Management LLC boosted its holdings in United Technologies by 2.6% in the 2nd quarter. Ascension Asset Management LLC now owns 15,775 shares of the conglomerate’s stock valued at $1,972,000 after purchasing an additional 400 shares during the period. Elmwood Wealth Management Inc. boosted its holdings in United Technologies by 5.4% in the 3rd quarter. Elmwood Wealth Management Inc. now owns 7,763 shares of the conglomerate’s stock valued at $1,085,000 after purchasing an additional 400 shares during the period. Finally, FCG Advisors LLC boosted its holdings in United Technologies by 12.3% in the 2nd quarter. FCG Advisors LLC now owns 3,678 shares of the conglomerate’s stock valued at $460,000 after purchasing an additional 403 shares during the period. Institutional investors and hedge funds own 81.64% of the company’s stock.

A number of analysts have weighed in on the stock. UBS Group assumed coverage on shares of United Technologies in a report on Wednesday, August 15th. They issued a “buy” rating for the company. Zacks Investment Research raised shares of United Technologies from a “hold” rating to a “buy” rating and set a $158.00 price target for the company in a report on Thursday, October 4th. ValuEngine raised shares of United Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Royal Bank of Canada reduced their price target on shares of United Technologies to $148.00 and set an “outperform” rating for the company in a report on Wednesday, October 24th. Finally, Robert W. Baird increased their price target on shares of United Technologies from $156.00 to $167.00 and gave the company a “neutral” rating in a report on Thursday, September 20th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $151.90.

NYSE:UTX opened at $131.34 on Friday. The stock has a market cap of $102.48 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 1.94 and a beta of 1.09. United Technologies Co. has a 52 week low of $115.40 and a 52 week high of $144.15. The company has a quick ratio of 1.17, a current ratio of 1.52 and a debt-to-equity ratio of 1.12.

United Technologies (NYSE:UTX) last released its quarterly earnings data on Tuesday, October 23rd. The conglomerate reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.11. The company had revenue of $16.51 billion during the quarter, compared to the consensus estimate of $16.10 billion. United Technologies had a net margin of 7.76% and a return on equity of 17.70%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm earned $1.73 EPS. On average, equities research analysts expect that United Technologies Co. will post 7.27 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be issued a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.24%. This is an increase from United Technologies’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, November 15th. United Technologies’s dividend payout ratio (DPR) is presently 42.11%.

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United Technologies Profile

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.

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

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