Hudock Capital Group LLC trimmed its holdings in United Technologies Co. (NYSE:UTX) by 15.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,133 shares of the conglomerate’s stock after selling 590 shares during the quarter. Hudock Capital Group LLC’s holdings in United Technologies were worth $399,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Knowledge Leaders Capital LLC purchased a new position in United Technologies in the third quarter worth approximately $105,000. Wealthcare Advisory Partners LLC purchased a new position in United Technologies in the third quarter worth approximately $118,000. Thompson Davis & CO. Inc. grew its position in United Technologies by 750.4% in the third quarter. Thompson Davis & CO. Inc. now owns 1,080 shares of the conglomerate’s stock worth $125,000 after acquiring an additional 953 shares during the period. Thompson Siegel & Walmsley LLC grew its position in United Technologies by 3.8% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,090 shares of the conglomerate’s stock worth $133,000 after acquiring an additional 40 shares during the period. Finally, Rowland & Co. Investment Counsel ADV grew its position in United Technologies by 0.3% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock worth $143,000 after acquiring an additional 3 shares during the period. Institutional investors own 81.51% of the company’s stock.
A number of research analysts have commented on the company. ValuEngine upgraded United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Goldman Sachs Group upgraded United Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Stifel Nicolaus restated a “hold” rating and set a $146.00 price target (up from $124.00) on shares of United Technologies in a research note on Thursday, January 25th. Cowen restated a “hold” rating and set a $141.00 price target on shares of United Technologies in a research note on Thursday, January 25th. Finally, Barclays assumed coverage on United Technologies in a research note on Thursday, February 15th. They set an “overweight” rating and a $157.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $137.20.
In other United Technologies news, VP Robert J. Bailey sold 419 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $133.73, for a total transaction of $56,032.87. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Robert J. Bailey sold 636 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $124.35, for a total value of $79,086.60. Following the transaction, the vice president now directly owns 1,500 shares in the company, valued at approximately $186,525. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,125 shares of company stock worth $1,167,005. 0.16% of the stock is owned by insiders.
Shares of United Technologies Co. (UTX) opened at $131.61 on Wednesday. The stock has a market capitalization of $105,260.00, a price-to-earnings ratio of 20.06, a PEG ratio of 2.14 and a beta of 1.05. The company has a quick ratio of 0.94, a current ratio of 1.35 and a debt-to-equity ratio of 0.80. United Technologies Co. has a 52 week low of $107.05 and a 52 week high of $139.24.
United Technologies (NYSE:UTX) last posted its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.04. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The company had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $15.34 billion. During the same period last year, the firm earned $1.56 earnings per share. United Technologies’s quarterly revenue was up 7.0% on a year-over-year basis. analysts anticipate that United Technologies Co. will post 7.05 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 16th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Thursday, February 15th. United Technologies’s dividend payout ratio is presently 42.68%.
United Technologies Company 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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