FOURPOINTS Investment Managers S.A.S. Maintains Stake in United Technologies Corporation (NYSE:UTX)

FOURPOINTS Investment Managers S.A.S. held its position in shares of United Technologies Corporation (NYSE:UTX) during the first quarter, Holdings Channel reports. The fund owned 23,351 shares of the conglomerate’s stock at the end of the first quarter. United Technologies Corporation makes up about 2.7% of FOURPOINTS Investment Managers S.A.S.’s investment portfolio, making the stock its 9th largest position. FOURPOINTS Investment Managers S.A.S.’s holdings in United Technologies Corporation were worth $2,620,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alexandria Capital LLC increased its stake in United Technologies Corporation by 0.4% in the first quarter. Alexandria Capital LLC now owns 1,075 shares of the conglomerate’s stock valued at $121,000 after buying an additional 4 shares during the last quarter. TCI Wealth Advisors Inc. increased its stake in United Technologies Corporation by 0.3% in the first quarter. TCI Wealth Advisors Inc. now owns 2,501 shares of the conglomerate’s stock valued at $281,000 after buying an additional 7 shares during the last quarter. Jackson Grant Investment Advisers Inc. increased its stake in United Technologies Corporation by 0.5% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,780 shares of the conglomerate’s stock valued at $200,000 after buying an additional 9 shares during the last quarter. First Command Financial Services Inc. increased its stake in United Technologies Corporation by 0.3% in the first quarter. First Command Financial Services Inc. now owns 3,573 shares of the conglomerate’s stock valued at $401,000 after buying an additional 11 shares during the last quarter. Finally, Kissinger Financial Services LLC increased its stake in United Technologies Corporation by 0.6% in the first quarter. Kissinger Financial Services LLC now owns 2,084 shares of the conglomerate’s stock valued at $234,000 after buying an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 78.81% of the company’s stock.

United Technologies Corporation (NYSE:UTX) traded up 0.62% during trading on Friday, reaching $117.48. The company had a trading volume of 619,496 shares. The firm has a 50-day moving average of $121.33 and a 200-day moving average of $116.86. United Technologies Corporation has a 1-year low of $97.62 and a 1-year high of $124.79. The stock has a market capitalization of $93.84 billion, a price-to-earnings ratio of 17.89 and a beta of 1.06.

United Technologies Corporation (NYSE:UTX) last announced its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $15.28 billion for the quarter, compared to analyst estimates of $15.24 billion. During the same quarter in the previous year, the company earned $1.82 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts anticipate that United Technologies Corporation will post $6.58 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Friday, August 18th will be issued a $0.70 dividend. 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 payout ratio is currently 40.24%.

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Several analysts have weighed in on UTX shares. Credit Suisse Group reiterated a “buy” rating and set a $136.00 price target on shares of United Technologies Corporation in a research note on Wednesday, July 26th. BidaskClub upgraded United Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Morgan Stanley reiterated an “overweight” rating and set a $138.00 price target (up previously from $132.00) on shares of United Technologies Corporation in a research note on Monday, July 10th. Zacks Investment Research upgraded United Technologies Corporation from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research note on Tuesday, May 30th. Finally, Royal Bank Of Canada reiterated a “neutral” rating on shares of United Technologies Corporation in a research note on Thursday, April 27th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus 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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