Tesco Pension Investment Ltd Has $139.99 Million Position in United Technologies Corporation (NYSE:UTX)

Tesco Pension Investment Ltd boosted its stake in shares of United Technologies Corporation (NYSE:UTX) by 27.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,146,382 shares of the conglomerate’s stock after buying an additional 248,221 shares during the period. United Technologies Corporation makes up about 4.1% of Tesco Pension Investment Ltd’s holdings, making the stock its 13th largest position. Tesco Pension Investment Ltd owned about 0.14% of United Technologies Corporation worth $139,985,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of 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 shares of United Technologies Corporation by 0.5% in the second quarter. Kissinger Financial Services LLC now owns 2,095 shares of the conglomerate’s stock valued at $256,000 after buying an additional 11 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Shares of United Technologies Corporation (UTX) traded down 0.04% on Friday, hitting $116.05. The stock had a trading volume of 1,107,269 shares. The firm has a market cap of $92.70 billion, a P/E ratio of 17.68 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. The company’s 50-day moving average price is $120.58 and its 200 day moving average price is $117.09.

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

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Friday, August 18th will be issued a $0.70 dividend. This is a positive change from United Technologies Corporation’s previous quarterly dividend of $0.66. The ex-dividend date is Wednesday, August 16th. This represents a $2.80 annualized dividend and a dividend yield of 2.41%. United Technologies Corporation’s dividend payout ratio is 42.68%.

ILLEGAL ACTIVITY WARNING: “Tesco Pension Investment Ltd Has $139.99 Million Position in United Technologies Corporation (NYSE:UTX)” was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.com-unik.info/2017/08/18/tesco-pension-investment-ltd-increases-stake-in-united-technologies-corporation-nyseutx-updated.html.

UTX has been the subject of several recent research reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $132.00 price target (up from $126.00) on shares of United Technologies Corporation in a report on Thursday, April 27th. Zacks Investment Research raised United Technologies Corporation from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a report on Tuesday, May 16th. BidaskClub raised United Technologies Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. UBS AG increased their price target on United Technologies Corporation to $135.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $127.00 price target on shares of United Technologies Corporation in a report on Tuesday, July 25th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently 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.

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

What are top analysts saying about United Technologies Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for United Technologies Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit