Sharkey Howes & Javer Has $208,000 Position in United Technologies Corporation (UTX)

Sharkey Howes & Javer continued to hold its stake in shares of United Technologies Corporation (NYSE:UTX) during the second quarter, Holdings Channel reports. The fund owned 1,700 shares of the conglomerate’s stock at the end of the second quarter. Sharkey Howes & Javer’s holdings in United Technologies Corporation were worth $208,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Manning & Napier Advisors LLC raised its stake in shares of United Technologies Corporation by 5.7% in the first quarter. Manning & Napier Advisors LLC now owns 109,078 shares of the conglomerate’s stock valued at $12,238,000 after buying an additional 5,925 shares during the last quarter. CENTRAL TRUST Co increased its position in shares of United Technologies Corporation by 0.3% in the first quarter. CENTRAL TRUST Co now owns 75,174 shares of the conglomerate’s stock worth $8,435,000 after buying an additional 221 shares during the period. Watch Point Trust Co increased its position in shares of United Technologies Corporation by 6.9% in the first quarter. Watch Point Trust Co now owns 20,606 shares of the conglomerate’s stock worth $2,312,000 after buying an additional 1,335 shares during the period. Rathbone Brothers plc increased its position in shares of United Technologies Corporation by 2.0% in the first quarter. Rathbone Brothers plc now owns 15,056 shares of the conglomerate’s stock worth $1,689,000 after buying an additional 300 shares during the period. Finally, Chevy Chase Trust Holdings Inc. increased its position in shares of United Technologies Corporation by 0.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 664,026 shares of the conglomerate’s stock worth $74,510,000 after buying an additional 6,102 shares during the period. Hedge funds and other institutional investors own 78.81% of the company’s stock.

United Technologies Corporation (UTX) traded up 0.25% during mid-day trading on Friday, reaching $117.05. 962,517 shares of the company’s stock were exchanged. The stock has a market cap of $93.50 billion, a price-to-earnings ratio of 17.83 and a beta of 1.06. United Technologies Corporation has a 52-week low of $97.62 and a 52-week high of $124.79. The company has a 50-day moving average of $121.33 and a 200-day moving average of $116.86.

United Technologies Corporation (NYSE:UTX) last issued its earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. The firm had revenue of $15.28 billion during the quarter, compared to analyst estimates of $15.24 billion. United Technologies Corporation had a net margin of 9.15% and a return on equity of 18.07%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $1.82 earnings per share. Equities research analysts anticipate that United Technologies Corporation will post $6.58 earnings per share for the current year.

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

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UTX has been the subject of a number of analyst reports. Jefferies Group LLC reissued a “buy” rating and issued a $132.00 price objective (up previously from $126.00) on shares of United Technologies Corporation in a research report on Thursday, April 27th. Zacks Investment Research raised shares of United Technologies Corporation from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research report on Tuesday, May 16th. BidaskClub raised shares of United Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. UBS AG lifted their price objective on shares of United Technologies Corporation to $135.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Finally, Cowen and Company reissued a “buy” rating and issued a $127.00 price objective on shares of United Technologies Corporation in a research report on Tuesday, July 25th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $123.54.

About United Technologies Corporation

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.

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

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