United Technologies Co. (UTX) Shares Sold by M. Kraus & Co

M. Kraus & Co lowered its position in United Technologies Co. (NYSE:UTX) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,334 shares of the conglomerate’s stock after selling 1,045 shares during the quarter. United Technologies accounts for approximately 4.4% of M. Kraus & Co’s holdings, making the stock its 5th biggest holding. M. Kraus & Co’s holdings in United Technologies were worth $7,314,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Knowledge Leaders Capital LLC purchased a new stake in United Technologies during the 3rd quarter worth about $105,000. Tortoise Investment Management LLC boosted its stake in United Technologies by 5.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock worth $117,000 after buying an additional 48 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in United Technologies in the 3rd quarter worth about $118,000. Thompson Davis & CO. Inc. boosted its stake in United Technologies by 750.4% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,080 shares of the conglomerate’s stock worth $125,000 after buying an additional 953 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in United Technologies by 3.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,090 shares of the conglomerate’s stock worth $133,000 after buying an additional 40 shares during the last quarter. Institutional investors and hedge funds own 79.54% of the company’s stock.

A number of brokerages have issued reports on UTX. ValuEngine raised United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $146.00 price target (up from $124.00) on shares of United Technologies in a research note on Thursday, January 25th. Cowen reissued a “hold” rating and issued a $141.00 price target on shares of United Technologies in a research note on Thursday, January 25th. UBS Group began coverage on United Technologies in a research note on Tuesday, January 23rd. They issued a “buy” rating and a $158.00 price target on the stock. Finally, Goldman Sachs Group raised United Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. United Technologies presently has an average rating of “Buy” and a consensus target price of $137.07.

United Technologies Co. (NYSE UTX) opened at $126.46 on Wednesday. The firm has a market capitalization of $101,140.00, a PE ratio of 19.28, a PEG ratio of 2.13 and a beta of 1.08. United Technologies Co. has a 52 week low of $107.05 and a 52 week high of $139.24. The company has a quick ratio of 0.94, a current ratio of 1.35 and a debt-to-equity ratio of 0.80.

United Technologies (NYSE:UTX) last released its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.04. The business 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 was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.56 EPS. sell-side analysts anticipate that United Technologies Co. will post 7.04 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Friday, February 16th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Thursday, February 15th. United Technologies’s dividend payout ratio is currently 42.68%.

In related news, VP Robert J. Bailey sold 636 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $124.35, for a total transaction of $79,086.60. Following the sale, the vice president now directly owns 1,500 shares in the company, valued at approximately $186,525. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Akhil Johri sold 5,979 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $121.03, for a total value of $723,638.37. Following the sale, the vice president now owns 23,295 shares in the company, valued at $2,819,393.85. The disclosure for this sale can be found here. Insiders sold a total of 13,480 shares of company stock worth $1,658,028 over the last ninety days. Corporate 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.

Institutional Ownership by Quarter for United Technologies (NYSE:UTX)

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