St. Johns Investment Management Company LLC lessened its position in shares of United Technologies Co. (NYSE:UTX) by 8.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,419 shares of the conglomerate’s stock after selling 605 shares during the period. St. Johns Investment Management Company LLC’s holdings in United Technologies were worth $819,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of UTX. Knowledge Leaders Capital LLC acquired a new position in shares of United Technologies in the 3rd quarter valued at $105,000. Tortoise Investment Management LLC boosted its holdings in shares of United Technologies by 5.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock valued at $117,000 after buying an additional 48 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new position in shares of United Technologies in the 3rd quarter valued at $118,000. Thompson Davis & CO. Inc. boosted its holdings in shares of United Technologies by 750.4% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,080 shares of the conglomerate’s stock valued at $125,000 after buying an additional 953 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new position in shares of United Technologies in the 2nd quarter valued at $131,000. Institutional investors own 79.87% of the company’s stock.
Several research analysts have recently issued reports on the stock. ValuEngine upgraded shares of United Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus restated a “hold” rating and issued a $146.00 target price (up previously from $124.00) on shares of United Technologies in a report on Thursday, January 25th. Cowen restated a “hold” rating and issued a $141.00 target price on shares of United Technologies in a report on Thursday, January 25th. UBS Group assumed coverage on shares of United Technologies in a report on Tuesday, January 23rd. They issued a “buy” rating and a $158.00 target price for the company. Finally, Goldman Sachs Group upgraded shares of United Technologies from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $137.07.
Shares of United Technologies Co. (NYSE:UTX) opened at $129.26 on Friday. United Technologies Co. has a 12-month low of $107.05 and a 12-month high of $139.24. The company has a market cap of $103,380.00, a price-to-earnings ratio of 19.70, a P/E/G ratio of 2.09 and a beta of 1.08. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.35 and a quick ratio of 0.94.
United Technologies (NYSE:UTX) last released its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $1.60 EPS for the quarter, beating the consensus estimate of $1.56 by $0.04. United Technologies had a net margin of 7.61% and a return on equity of 17.35%. The firm had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $15.34 billion. During the same quarter in the prior year, the firm earned $1.56 EPS. United Technologies’s revenue for the quarter was up 7.0% on a year-over-year basis. equities analysts forecast that United Technologies Co. will post 7.04 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 16th will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $2.80 annualized dividend and a yield of 2.17%. United Technologies’s dividend payout ratio (DPR) is 42.68%.
In other United Technologies news, VP Robert J. Bailey sold 827 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $118.06, for a total transaction of $97,635.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Akhil Johri sold 5,979 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $121.03, for a total transaction of $723,638.37. Following the transaction, the vice president now owns 23,295 shares of the company’s stock, valued at approximately $2,819,393.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,480 shares of company stock valued at $1,658,028. 0.16% of the stock is owned by insiders.
United Technologies 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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