Shelton Capital Management trimmed its position in United Technologies Co. (NYSE:UTX) by 2.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 22,114 shares of the conglomerate’s stock after selling 500 shares during the period. Shelton Capital Management’s holdings in United Technologies were worth $2,821,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in UTX. Knowledge Leaders Capital LLC bought a new position in United Technologies in the 3rd quarter valued at $105,000. Wealthcare Advisory Partners LLC bought a new position in United Technologies in the 3rd quarter valued at $118,000. Thompson Davis & CO. Inc. boosted its position in 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 during the last quarter. Thompson Siegel & Walmsley LLC boosted its position in United Technologies by 3.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,090 shares of the conglomerate’s stock valued at $133,000 after buying an additional 40 shares during the last quarter. Finally, Rowland & Co. Investment Counsel ADV boosted its position in United Technologies by 0.3% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock valued at $143,000 after buying an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.
United Technologies Co. (NYSE UTX) opened at $124.07 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. The firm has a market capitalization of $101,699.81, a PE ratio of 21.77, a price-to-earnings-growth ratio of 1.92 and a beta of 1.05. United Technologies Co. has a twelve month low of $109.10 and a twelve month high of $139.24.
United Technologies (NYSE:UTX) last posted its earnings results on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.04. The firm had revenue of $15.68 billion for the quarter, compared to analyst estimates of $15.34 billion. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.56 earnings per share. equities analysts predict that United Technologies Co. will post 7.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Shareholders of record on Friday, February 16th were issued a dividend of $0.70 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.80 annualized dividend and a yield of 2.26%. United Technologies’s dividend payout ratio is presently 49.12%.
A number of research analysts have commented on UTX shares. Zacks Investment Research upgraded 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. Goldman Sachs upgraded United Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. UBS assumed coverage on United Technologies in a research report on Tuesday, January 23rd. They issued a “buy” rating and a $158.00 price target on the stock. Argus upgraded United Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 9th. Finally, ValuEngine upgraded United Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $137.00.
In other United Technologies news, VP Robert J. Bailey sold 2,032 shares of United Technologies stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $134.95, for a total transaction of $274,218.40. Following the transaction, the vice president now directly owns 4,900 shares in the company, valued at $661,255. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.
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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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