Brown Advisory Securities LLC Has $724,000 Stake in United Technologies Corporation (NYSE:UTX)

Brown Advisory Securities LLC decreased its stake in United Technologies Corporation (NYSE:UTX) by 5.1% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 6,461 shares of the conglomerate’s stock after selling 348 shares during the period. Brown Advisory Securities LLC’s holdings in United Technologies Corporation were worth $724,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Hartland & Co. LLC boosted its stake in shares of United Technologies Corporation by 17.9% in the first quarter. Hartland & Co. LLC now owns 11,882 shares of the conglomerate’s stock valued at $1,334,000 after buying an additional 1,800 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in shares of United Technologies Corporation by 16.3% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 9,373 shares of the conglomerate’s stock valued at $1,052,000 after buying an additional 1,315 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of United Technologies Corporation by 3.6% in the first quarter. Legal & General Group Plc now owns 3,682,243 shares of the conglomerate’s stock valued at $413,192,000 after buying an additional 128,123 shares in the last quarter. Stockman Wealth Management Inc. boosted its stake in shares of United Technologies Corporation by 11.0% in the first quarter. Stockman Wealth Management Inc. now owns 35,308 shares of the conglomerate’s stock valued at $3,962,000 after buying an additional 3,507 shares in the last quarter. Finally, Eliot Finkel Investment Counsel LLC raised its position in United Technologies Corporation by 16.9% in the first quarter. Eliot Finkel Investment Counsel LLC now owns 42,170 shares of the conglomerate’s stock valued at $4,732,000 after buying an additional 6,100 shares during the last quarter. Institutional investors own 78.81% of the company’s stock.

Shares of United Technologies Corporation (NYSE:UTX) traded up 0.69% during mid-day trading on Friday, hitting $117.56. 542,268 shares of the stock were exchanged. The stock’s 50 day moving average price is $121.33 and its 200-day moving average price is $116.86. The stock has a market capitalization of $93.90 billion, a P/E ratio of 17.91 and a beta of 1.06. United Technologies Corporation has a 12-month low of $97.62 and a 12-month high of $124.79.

United Technologies Corporation (NYSE:UTX) last announced its earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.07. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The firm had revenue of $15.28 billion during the quarter, compared to analyst estimates of $15.24 billion. During the same period last year, the firm posted $1.82 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts expect that United Technologies Corporation will post $6.58 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Friday, August 18th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This is a positive change from United Technologies Corporation’s previous quarterly dividend of $0.66. This represents a $2.80 annualized dividend and a dividend yield of 2.40%. United Technologies Corporation’s dividend payout ratio (DPR) is currently 40.24%.

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Several research firms recently weighed in on UTX. BidaskClub lowered shares of United Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised shares of United Technologies Corporation from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research note on Tuesday, May 16th. Stifel Nicolaus reissued a “hold” rating and set a $126.00 price objective on shares of United Technologies Corporation in a research note on Friday, July 7th. Royal Bank Of Canada reissued a “hold” rating and set a $125.00 price objective on shares of United Technologies Corporation in a research note on Friday, June 2nd. Finally, Jefferies Group LLC reissued a “buy” rating on shares of United Technologies Corporation in a research note on Wednesday, May 31st. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. United Technologies Corporation currently has a consensus rating of “Hold” and a consensus price target of $123.54.

United Technologies Corporation 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 Corporation (NYSE:UTX)

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