Dynamic Capital Management Ltd purchased a new position in United Technologies Co. (NYSE:UTX) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 24,640 shares of the conglomerate’s stock, valued at approximately $3,143,000. United Technologies comprises about 1.1% of Dynamic Capital Management Ltd’s holdings, making the stock its 20th largest holding.
Several other large investors also recently made changes to their positions in the business. Rowland & Co. Investment Counsel ADV lifted its position in shares of 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 during the last quarter. Laurel Wealth Advisors Inc. lifted its position in shares of United Technologies by 0.3% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 5,943 shares of the conglomerate’s stock worth $725,000 after purchasing an additional 18 shares during the last quarter. Monetary Management Group Inc. lifted its position in shares of United Technologies by 0.3% during the 2nd quarter. Monetary Management Group Inc. now owns 8,075 shares of the conglomerate’s stock worth $986,000 after purchasing an additional 25 shares during the last quarter. Security National Bank of SO Dak lifted its position in shares of United Technologies by 0.3% during the 2nd quarter. Security National Bank of SO Dak now owns 12,960 shares of the conglomerate’s stock worth $1,583,000 after purchasing an additional 45 shares during the last quarter. Finally, Beaumont Financial Partners LLC lifted its position in shares of United Technologies by 1.0% during the 2nd quarter. Beaumont Financial Partners LLC now owns 6,101 shares of the conglomerate’s stock worth $745,000 after purchasing an additional 60 shares during the last quarter. 81.89% of the stock is owned by institutional investors.
In other news, VP Robert J. Bailey sold 2,032 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $134.95, for a total value of $274,218.40. Following the sale, the vice president now directly owns 4,900 shares in the company, valued at approximately $661,255. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.17% of the company’s stock.
Several research firms recently weighed in on UTX. ValuEngine raised United Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Goldman Sachs raised United Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Stifel Nicolaus reissued a “hold” rating and set a $146.00 price objective (up previously from $124.00) on shares of United Technologies in a research report on Thursday, January 25th. Cowen reissued a “hold” rating and set a $141.00 price objective on shares of United Technologies in a research report on Thursday, January 25th. Finally, Barclays initiated coverage on United Technologies in a research report on Thursday, February 15th. They set an “overweight” rating and a $157.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $139.07.
Shares of UTX opened at $123.85 on Friday. United Technologies Co. has a 12-month low of $109.10 and a 12-month high of $139.24. 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 stock has a market cap of $99,596.39, a P/E ratio of 18.62, a PEG ratio of 1.89 and a beta of 1.08.
United Technologies (NYSE:UTX) last issued its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $15.68 billion for the quarter, compared to analyst estimates of $15.34 billion. During the same period in the previous year, the company posted $1.56 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. analysts anticipate that United Technologies Co. will post 7.04 EPS for the current fiscal year.
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About United Technologies
United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.
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