Iron Financial LLC bought a new stake in United Technologies Co. (NYSE:UTX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,874 shares of the conglomerate’s stock, valued at approximately $277,000.
Several other large investors also recently bought and sold shares of UTX. Vanguard Group Inc. boosted its position in United Technologies by 1.6% during the second quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock worth $6,693,250,000 after acquiring an additional 848,623 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of United Technologies by 0.3% in the 2nd quarter. BlackRock Inc. now owns 44,095,986 shares of the conglomerate’s stock worth $5,384,561,000 after acquiring an additional 133,036 shares during the last quarter. FMR LLC lifted its holdings in shares of United Technologies by 13.2% in the 2nd quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock worth $2,514,316,000 after acquiring an additional 2,401,795 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of United Technologies by 3.6% in the 2nd quarter. Capital Research Global Investors now owns 8,779,642 shares of the conglomerate’s stock worth $1,072,082,000 after acquiring an additional 304,989 shares during the last quarter. Finally, Boston Partners increased its stake in United Technologies by 5.3% during the 3rd quarter. Boston Partners now owns 5,467,419 shares of the conglomerate’s stock worth $634,658,000 after buying an additional 274,184 shares during the period. Institutional investors and hedge funds own 82.38% of the company’s stock.
In other United Technologies news, VP Robert J. Bailey sold 419 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $133.73, for a total transaction of $56,032.87. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Elizabeth B. Amato sold 4,341 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $125.92, for a total value of $546,618.72. Following the completion of the transaction, the executive vice president now owns 29,122 shares in the company, valued at approximately $3,667,042.24. The disclosure for this sale can be found here. Insiders sold 7,656 shares of company stock valued at $985,743 in the last ninety days. Corporate insiders own 0.16% of the company’s stock.
UTX has been the topic of a number of recent analyst reports. Sanford C. Bernstein reissued a “positive” rating and issued a $153.00 price objective (up from $135.00) on shares of United Technologies in a research report on Tuesday, January 30th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $146.00 target price (up from $124.00) on shares of United Technologies in a research report on Thursday, January 25th. Royal Bank of Canada raised shares of United Technologies from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Barclays increased their price target on shares of United Technologies from $157.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. Finally, UBS Group assumed coverage on shares of United Technologies in a research note on Tuesday, January 23rd. They issued a “buy” rating and a $158.00 target price for the company. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. United Technologies currently has an average rating of “Buy” and a consensus price target of $137.20.
United Technologies Co. (NYSE:UTX) traded down $0.94 during midday trading on Wednesday, hitting $129.21. 2,098,167 shares of the stock were exchanged, compared to its average volume of 5,146,556. The company has a current ratio of 1.35, a quick ratio of 0.94 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $103,730.00, a PE ratio of 19.66, a P/E/G ratio of 2.16 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 released its earnings results 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. United Technologies had a net margin of 7.61% and a return on equity of 17.35%. The firm 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 firm earned $1.56 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. equities analysts forecast that United Technologies Co. will post 7.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Friday, February 16th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Thursday, February 15th. United Technologies’s dividend payout ratio (DPR) is 42.68%.
COPYRIGHT VIOLATION WARNING: “Iron Financial LLC Acquires New Position in United Technologies Co. (UTX)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://ledgergazette.com/2018/03/14/iron-financial-llc-takes-position-in-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.
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.