Savant Capital LLC Has $3.71 Million Stock Position in United Technologies Co. (NYSE:UTX)

Savant Capital LLC grew its stake in United Technologies Co. (NYSE:UTX) by 3.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,504 shares of the conglomerate’s stock after purchasing an additional 890 shares during the quarter. Savant Capital LLC’s holdings in United Technologies were worth $3,711,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of UTX. Wealth Architects LLC raised its stake in shares of United Technologies by 4.3% in the 2nd quarter. Wealth Architects LLC now owns 1,812 shares of the conglomerate’s stock valued at $236,000 after purchasing an additional 75 shares during the period. Patten Group Inc. raised its stake in shares of United Technologies by 0.3% in the 2nd quarter. Patten Group Inc. now owns 27,978 shares of the conglomerate’s stock valued at $3,643,000 after purchasing an additional 75 shares during the period. Glenview State Bank Trust DEPT. raised its stake in shares of United Technologies by 3.0% in the 2nd quarter. Glenview State Bank Trust DEPT. now owns 2,543 shares of the conglomerate’s stock valued at $331,000 after purchasing an additional 75 shares during the period. Mcrae Capital Management Inc. raised its stake in shares of United Technologies by 1.4% in the 2nd quarter. Mcrae Capital Management Inc. now owns 5,495 shares of the conglomerate’s stock valued at $715,000 after purchasing an additional 75 shares during the period. Finally, Heritage Way Advisors LLC raised its stake in shares of United Technologies by 0.4% in the 2nd quarter. Heritage Way Advisors LLC now owns 18,501 shares of the conglomerate’s stock valued at $2,409,000 after purchasing an additional 75 shares during the period. 80.13% of the stock is currently owned by institutional investors.

Shares of NYSE UTX traded down $3.19 during mid-day trading on Friday, hitting $124.77. The company had a trading volume of 121,399 shares, compared to its average volume of 2,915,187. The company has a market capitalization of $109.31 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.79 and a beta of 1.20. The firm has a 50-day simple moving average of $131.10 and a two-hundred day simple moving average of $130.36. The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 0.93. United Technologies Co. has a one year low of $100.48 and a one year high of $144.40.

United Technologies (NYSE:UTX) last posted its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.16. United Technologies had a return on equity of 16.81% and a net margin of 7.13%. The business had revenue of $19.63 billion during the quarter, compared to analysts’ expectations of $19.58 billion. During the same quarter last year, the company posted $1.97 earnings per share. United Technologies’s quarterly revenue was up 17.5% on a year-over-year basis. Sell-side analysts expect that United Technologies Co. will post 8.03 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be issued a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Thursday, August 15th. United Technologies’s payout ratio is currently 38.63%.

UTX has been the topic of several recent research reports. William Blair reissued a “hold” rating on shares of United Technologies in a research note on Monday, June 10th. Seaport Global Securities raised United Technologies from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a research note on Monday, June 10th. Barclays raised their price objective on United Technologies from $149.00 to $153.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Bank of America restated a “buy” rating and issued a $195.00 price objective (up previously from $185.00) on shares of United Technologies in a report on Thursday, July 25th. Finally, Zacks Investment Research cut United Technologies from a “strong-buy” rating to a “hold” rating and set a $151.00 price objective for the company. in a report on Friday, July 19th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $152.21.

In related news, EVP Elizabeth B. Amato sold 4,298 shares of United Technologies stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $135.71, for a total transaction of $583,281.58. Following the completion of the transaction, the executive vice president now owns 30,847 shares in the company, valued at $4,186,246.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael R. Dumais sold 4,329 shares of United Technologies stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $130.98, for a total value of $567,012.42. Following the transaction, the executive vice president now owns 39,265 shares of the company’s stock, valued at approximately $5,142,929.70. The disclosure for this sale can be found here. Company insiders own 0.15% of the company’s stock.

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.

Read More: Why is the ex-dividend date different from the record date?

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

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