Zurcher Kantonalbank Zurich Cantonalbank Has $18.23 Million Holdings in United Technologies Corporation (UTX)

Zurcher Kantonalbank Zurich Cantonalbank cut its position in United Technologies Corporation (NYSE:UTX) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 149,287 shares of the conglomerate’s stock after selling 1,411 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in United Technologies Corporation were worth $18,229,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bbva Compass Bancshares Inc. increased its position in shares of United Technologies Corporation by 2.7% during the first quarter. Bbva Compass Bancshares Inc. now owns 104,785 shares of the conglomerate’s stock worth $11,759,000 after acquiring an additional 2,801 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of United Technologies Corporation by 15.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 192,380 shares of the conglomerate’s stock worth $21,818,000 after acquiring an additional 25,571 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of United Technologies Corporation by 179.4% during the first quarter. Daiwa Securities Group Inc. now owns 63,110 shares of the conglomerate’s stock worth $7,082,000 after acquiring an additional 40,520 shares in the last quarter. Tower Bridge Advisors increased its position in shares of United Technologies Corporation by 0.5% during the first quarter. Tower Bridge Advisors now owns 100,252 shares of the conglomerate’s stock worth $11,249,000 after acquiring an additional 452 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of United Technologies Corporation by 17.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 28,592 shares of the conglomerate’s stock worth $3,208,000 after acquiring an additional 4,193 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.

Shares of United Technologies Corporation (UTX) opened at $118.80 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.31. The stock has a market cap of $95,000.00, a PE ratio of 17.84, a PEG ratio of 2.13 and a beta of 1.07. United Technologies Corporation has a 12 month low of $106.21 and a 12 month high of $124.79.

United Technologies Corporation (NYSE:UTX) last posted its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. The company had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. United Technologies Corporation had a net margin of 8.79% and a return on equity of 17.66%. United Technologies Corporation’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.76 EPS. research analysts forecast that United Technologies Corporation will post 6.61 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Thursday, November 16th. United Technologies Corporation’s dividend payout ratio is presently 43.34%.

In other news, EVP Michael R. Dumais sold 2,986 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $120.98, for a total transaction of $361,246.28. Following the completion of the sale, the executive vice president now owns 27,548 shares in the company, valued at approximately $3,332,757.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

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Several brokerages have recently issued reports on UTX. BidaskClub downgraded shares of United Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Cowen and Company reissued a “hold” rating and set a $120.00 price objective on shares of United Technologies Corporation in a research report on Friday, November 10th. Royal Bank Of Canada reissued a “hold” rating and set a $125.00 price objective on shares of United Technologies Corporation in a research report on Sunday, August 13th. Jefferies Group LLC reissued a “buy” rating on shares of United Technologies Corporation in a research report on Thursday, July 27th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $135.00 price objective (up previously from $130.00) on shares of United Technologies Corporation in a research report on Friday, July 21st. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. United Technologies Corporation presently has a consensus rating of “Hold” and a consensus target price of $125.15.

United Technologies Corporation Profile

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 Corporation (NYSE:UTX)

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