Daiwa Securities Group Inc. raised its holdings in shares of United Technologies Co. (NYSE:UTX) by 10.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,924 shares of the conglomerate’s stock after purchasing an additional 5,852 shares during the quarter. Daiwa Securities Group Inc.’s holdings in United Technologies were worth $8,042,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of UTX. Viking Global Investors LP boosted its holdings in United Technologies by 42.7% during the 4th quarter. Viking Global Investors LP now owns 5,963,163 shares of the conglomerate’s stock worth $760,721,000 after acquiring an additional 1,784,355 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in United Technologies by 3,794.3% during the 4th quarter. Mackenzie Financial Corp now owns 1,617,082 shares of the conglomerate’s stock worth $206,291,000 after acquiring an additional 1,575,558 shares during the last quarter. Stifel Financial Corp boosted its holdings in United Technologies by 14,827.8% during the 3rd quarter. Stifel Financial Corp now owns 1,079,875 shares of the conglomerate’s stock worth $125,442,000 after acquiring an additional 1,072,641 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in United Technologies by 70.5% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,407,472 shares of the conglomerate’s stock worth $307,122,000 after acquiring an additional 995,075 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in United Technologies by 1.8% during the 4th quarter. BlackRock Inc. now owns 46,850,302 shares of the conglomerate’s stock worth $5,976,695,000 after acquiring an additional 822,595 shares during the last quarter. 81.96% of the stock is currently owned by hedge funds and other institutional investors.
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A number of equities analysts have issued reports on UTX shares. Zacks Investment Research raised shares of United Technologies from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a report on Saturday, January 20th. Goldman Sachs raised shares of United Technologies from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. UBS started coverage on shares of United Technologies in a report on Tuesday, January 23rd. They set a “buy” rating and a $158.00 price objective on the stock. Argus raised shares of United Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Finally, ValuEngine raised shares of United Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $138.21.
In other United Technologies news, EVP Elizabeth B. Amato sold 6,557 shares of the company’s stock in a transaction dated Thursday, April 26th. The shares were sold at an average price of $123.86, for a total transaction of $812,150.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Fredric G. Reynolds acquired 9,000 shares of the company’s stock in a transaction on Friday, April 27th. The shares were acquired at an average cost of $121.58 per share, for a total transaction of $1,094,220.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 9,008 shares of company stock worth $1,142,401. Insiders own 0.17% of the company’s stock.
Shares of NYSE:UTX opened at $117.70 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $95,175.07, a P/E ratio of 17.70, a P/E/G ratio of 1.84 and a beta of 1.09. United Technologies Co. has a fifty-two week low of $109.10 and a fifty-two week high of $139.24.
United Technologies (NYSE:UTX) last issued its quarterly earnings results on Tuesday, April 24th. The conglomerate reported $1.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.26. The company had revenue of $15.24 billion for the quarter, compared to the consensus estimate of $14.62 billion. United Technologies had a net margin of 7.28% and a return on equity of 17.67%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.48 EPS. analysts expect that United Technologies Co. will post 7.13 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 10th. Shareholders of record on Friday, May 18th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, May 17th. United Technologies’s dividend payout ratio (DPR) is presently 42.11%.
United Technologies Company Profile
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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