Page Arthur B boosted its holdings in United Technologies Co. (NYSE:UTX) by 17.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,412 shares of the conglomerate’s stock after buying an additional 1,248 shares during the quarter. Page Arthur B’s holdings in United Technologies were worth $1,072,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Knowledge Leaders Capital LLC purchased a new position in United Technologies during the 3rd quarter worth approximately $105,000. Wealthcare Advisory Partners LLC purchased a new position in United Technologies during the 3rd quarter worth approximately $118,000. Thompson Davis & CO. Inc. grew its position in United Technologies by 750.4% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,080 shares of the conglomerate’s stock worth $125,000 after purchasing an additional 953 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its position in United Technologies by 3.8% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,090 shares of the conglomerate’s stock worth $133,000 after purchasing an additional 40 shares in the last quarter. Finally, Rowland & Co. Investment Counsel ADV grew its position in United Technologies by 0.3% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock worth $143,000 after purchasing an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 82.38% of the company’s stock.
United Technologies Co. (UTX) opened at $128.33 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.94 and a current ratio of 1.35. United Technologies Co. has a fifty-two week low of $109.10 and a fifty-two week high of $139.24. The company has a market cap of $103,370.00, a price-to-earnings ratio of 19.56, a PEG ratio of 2.13 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 for the quarter, compared to analysts’ expectations of $15.34 billion. During the same period in the previous year, the company posted $1.56 EPS. United Technologies’s revenue was up 7.0% on a year-over-year basis. sell-side analysts predict that United Technologies Co. will post 7.05 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 10th. Investors of record on Friday, February 16th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Thursday, February 15th. United Technologies’s payout ratio is presently 42.68%.
In related news, VP Robert J. Bailey sold 2,032 shares of United Technologies stock in a transaction on Monday, February 26th. The shares were sold at an average price of $134.95, for a total value of $274,218.40. Following the completion of the sale, the vice president now owns 4,900 shares of the company’s stock, valued at approximately $661,255. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by insiders.
UTX has been the topic of several research analyst reports. Atlantic Securities upgraded shares of United Technologies from a “neutral” rating to an “overweight” rating in a research report on Tuesday, December 5th. Goldman Sachs upgraded shares of United Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Robert W. Baird upgraded shares of United Technologies from a “neutral” rating to an “outperform” rating in a research report on Friday, January 5th. Cowen reiterated a “hold” rating and set a $141.00 price objective on shares of United Technologies in a research report on Thursday, January 25th. Finally, Zacks Investment Research upgraded shares of United Technologies from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a research report on Saturday, January 20th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $137.00.
COPYRIGHT VIOLATION WARNING: “Page Arthur B Acquires 1,248 Shares of United Technologies Co. (UTX)” was first reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://www.thelincolnianonline.com/2018/03/17/page-arthur-b-acquires-1248-shares-of-united-technologies-co-utx.html.
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.
Want to see what other hedge funds are holding UTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Technologies Co. (NYSE:UTX).
Receive News & Ratings for United Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Technologies and related companies with MarketBeat.com's FREE daily email newsletter.