United Technologies Co. (UTX) Position Lifted by Usca Ria LLC

Usca Ria LLC boosted its position in United Technologies Co. (NYSE:UTX) by 22.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,241 shares of the conglomerate’s stock after acquiring an additional 4,197 shares during the quarter. Usca Ria LLC’s holdings in United Technologies were worth $3,249,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in UTX. Credit Agricole S A grew its stake in shares of United Technologies by 101.4% during the second quarter. Credit Agricole S A now owns 866 shares of the conglomerate’s stock worth $109,000 after buying an additional 436 shares during the last quarter. Jolley Asset Management LLC bought a new stake in shares of United Technologies during the second quarter worth $114,000. Fort L.P. bought a new stake in shares of United Technologies during the second quarter worth $120,000. WP Advisors LLC bought a new stake in shares of United Technologies during the second quarter worth $126,000. Finally, Kiley Juergens Wealth Management LLC bought a new stake in shares of United Technologies during the second quarter worth $127,000. 81.64% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of United Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. Robert W. Baird boosted their price objective on shares of United Technologies from $156.00 to $167.00 and gave the stock a “neutral” rating in a research note on Thursday, September 20th. ValuEngine raised shares of United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 14th. Finally, UBS Group assumed coverage on shares of United Technologies in a research note on Wednesday, August 15th. They issued a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $151.90.

Shares of United Technologies stock opened at $130.71 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.17 and a debt-to-equity ratio of 1.12. United Technologies Co. has a twelve month low of $115.40 and a twelve month high of $144.15. The firm has a market capitalization of $104.57 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09.

United Technologies (NYSE:UTX) last issued its quarterly earnings data on Tuesday, October 23rd. The conglomerate reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.11. United Technologies had a net margin of 7.76% and a return on equity of 17.70%. The company had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $16.10 billion. During the same quarter in the previous year, the firm posted $1.73 earnings per share. United Technologies’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, sell-side analysts predict that United Technologies Co. will post 7.27 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be paid a $0.735 dividend. This is a boost from United Technologies’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $2.94 annualized dividend and a dividend yield of 2.25%. United Technologies’s payout ratio is currently 42.11%.

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United Technologies Company 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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