We Are One Seven LLC boosted its position in United Technologies Co. (NYSE:UTX) by 10.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,197 shares of the conglomerate’s stock after buying an additional 204 shares during the quarter. We Are One Seven LLC’s holdings in United Technologies were worth $300,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Sound View Wealth Advisors Group LLC bought a new stake in United Technologies in the 2nd quarter valued at $2,049,000. Great Valley Advisor Group Inc. lifted its holdings in shares of United Technologies by 276.0% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 11,743 shares of the conglomerate’s stock worth $1,526,000 after acquiring an additional 8,620 shares during the period. Farr Miller & Washington LLC DC lifted its holdings in shares of United Technologies by 0.5% during the 2nd quarter. Farr Miller & Washington LLC DC now owns 383,785 shares of the conglomerate’s stock worth $49,969,000 after acquiring an additional 2,017 shares during the period. BTR Capital Management Inc. lifted its holdings in shares of United Technologies by 1.6% during the 2nd quarter. BTR Capital Management Inc. now owns 87,006 shares of the conglomerate’s stock worth $11,328,000 after acquiring an additional 1,398 shares during the period. Finally, Captrust Financial Advisors increased its position in shares of United Technologies by 50.3% during the 2nd quarter. Captrust Financial Advisors now owns 58,174 shares of the conglomerate’s stock worth $7,574,000 after purchasing an additional 19,474 shares in the last quarter. Institutional investors and hedge funds own 80.68% of the company’s stock.
In other news, CEO Gregory Hayes sold 19,542 shares of United Technologies stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $133.35, for a total transaction of $2,605,925.70. Following the completion of the sale, the chief executive officer now owns 246,111 shares in the company, valued at approximately $32,818,901.85. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Charles D. Gill sold 33,763 shares of United Technologies stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $135.04, for a total transaction of $4,559,355.52. Following the sale, the vice president now owns 112,458 shares of the company’s stock, valued at approximately $15,186,328.32. The disclosure for this sale can be found here. Insiders sold a total of 103,123 shares of company stock valued at $13,787,015 in the last 90 days. Corporate insiders own 0.15% of the company’s stock.
UTX opened at $136.15 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $113.87 billion, a PE ratio of 16.52, a PEG ratio of 2.30 and a beta of 1.21. United Technologies Co. has a 1-year low of $100.48 and a 1-year high of $144.40. The firm has a 50-day moving average price of $132.93 and a two-hundred day moving average price of $132.26.
United Technologies (NYSE:UTX) last posted its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.16. The firm had revenue of $19.63 billion during the quarter, compared to analysts’ expectations of $19.58 billion. United Technologies had a net margin of 7.13% and a return on equity of 16.81%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.97 EPS. On average, research analysts predict that United Technologies Co. will post 8.03 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a $0.735 dividend. This represents a $2.94 annualized dividend and a yield of 2.16%. United Technologies’s payout ratio is presently 38.63%.
A number of equities research analysts recently issued reports on the stock. William Blair reiterated a “hold” rating on shares of United Technologies in a research report on Tuesday, September 3rd. Cowen reiterated a “buy” rating and set a $150.00 target price on shares of United Technologies in a research report on Wednesday, September 4th. Vertical Research upgraded shares of United Technologies from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Friday, June 14th. Wolfe Research set a $152.00 target price on shares of United Technologies and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Finally, Barclays increased their target price on shares of United Technologies from $149.00 to $153.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $154.81.
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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