Trust Co. of Vermont increased its position in shares of United Technologies Co. (NYSE:UTX) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 139,991 shares of the conglomerate’s stock after purchasing an additional 5,053 shares during the period. United Technologies makes up 1.7% of Trust Co. of Vermont’s portfolio, making the stock its 8th largest holding. Trust Co. of Vermont’s holdings in United Technologies were worth $17,858,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC purchased a new position in shares of United Technologies during the 4th quarter worth about $1,477,000. Hemenway Trust Co LLC boosted its stake in shares of United Technologies by 8.0% during the 4th quarter. Hemenway Trust Co LLC now owns 98,465 shares of the conglomerate’s stock worth $12,561,000 after purchasing an additional 7,316 shares during the period. Global Trust Asset Management LLC purchased a new position in shares of United Technologies during the 4th quarter worth about $935,000. Aperio Group LLC boosted its stake in shares of United Technologies by 8.6% during the 4th quarter. Aperio Group LLC now owns 442,858 shares of the conglomerate’s stock worth $56,495,000 after purchasing an additional 35,122 shares during the period. Finally, Telemus Capital LLC boosted its stake in shares of United Technologies by 154.2% during the 4th quarter. Telemus Capital LLC now owns 6,213 shares of the conglomerate’s stock worth $793,000 after purchasing an additional 3,769 shares during the period. 82.38% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Robert J. Bailey sold 419 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $133.73, for a total value of $56,032.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Robert J. Bailey sold 864 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $126.01, for a total transaction of $108,872.64. Following the completion of the sale, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $252,020. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,656 shares of company stock valued at $985,743. Company insiders own 0.16% of the company’s stock.
Shares of United Technologies Co. (NYSE:UTX) opened at $130.15 on Wednesday. United Technologies Co. has a twelve month low of $109.10 and a twelve month high of $139.24. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.35 and a quick ratio of 0.94. The company has a market cap of $104,090.00, a PE ratio of 19.84, a PEG ratio of 2.21 and a beta of 1.05.
United Technologies (NYSE:UTX) last posted 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 business had revenue of $15.68 billion during the quarter, compared to analyst estimates of $15.34 billion. During the same quarter in the previous year, the business posted $1.56 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. sell-side analysts expect that United Technologies Co. will post 7.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Friday, February 16th were issued a $0.70 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.80 annualized dividend and a dividend yield of 2.15%. United Technologies’s dividend payout ratio is currently 42.68%.
A number of equities analysts recently commented on the stock. ValuEngine raised shares of United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Goldman Sachs Group raised shares of United Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Stifel Nicolaus reissued a “hold” rating and issued a $146.00 price objective (up from $124.00) on shares of United Technologies in a research report on Thursday, January 25th. Cowen reissued a “hold” rating and issued a $141.00 price objective on shares of United Technologies in a research report on Thursday, January 25th. Finally, Barclays began coverage on shares of United Technologies in a research report on Thursday, February 15th. They issued an “overweight” rating and a $157.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. United Technologies presently has an average rating of “Buy” and a consensus price target of $137.20.
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About United Technologies
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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