Robshaw & Julian Associates Inc. Has $5.66 Million Position in United Technologies Corporation (UTX)

Robshaw & Julian Associates Inc. increased its holdings in United Technologies Corporation (NYSE:UTX) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,320 shares of the conglomerate’s stock after buying an additional 550 shares during the quarter. United Technologies Corporation comprises approximately 4.1% of Robshaw & Julian Associates Inc.’s investment portfolio, making the stock its 8th largest holding. Robshaw & Julian Associates Inc.’s holdings in United Technologies Corporation were worth $5,656,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Boston Partners increased its holdings in United Technologies Corporation by 3.0% in the 1st quarter. Boston Partners now owns 5,385,002 shares of the conglomerate’s stock worth $604,251,000 after buying an additional 158,696 shares during the period. Legal & General Group Plc increased its holdings in United Technologies Corporation by 3.6% in the 1st quarter. Legal & General Group Plc now owns 3,682,243 shares of the conglomerate’s stock worth $413,192,000 after buying an additional 128,123 shares during the period. Ameriprise Financial Inc. increased its holdings in United Technologies Corporation by 3.7% in the 1st quarter. Ameriprise Financial Inc. now owns 3,544,737 shares of the conglomerate’s stock worth $397,774,000 after buying an additional 125,003 shares during the period. Diamond Hill Capital Management Inc. increased its holdings in United Technologies Corporation by 0.6% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 3,517,626 shares of the conglomerate’s stock worth $429,537,000 after buying an additional 19,439 shares during the period. Finally, American Century Companies Inc. increased its holdings in United Technologies Corporation by 15.8% in the 1st quarter. American Century Companies Inc. now owns 3,430,061 shares of the conglomerate’s stock worth $384,887,000 after buying an additional 468,515 shares during the period. Institutional investors own 78.82% of the company’s stock.

A number of equities research analysts have recently commented on UTX shares. Zacks Investment Research cut shares of United Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Cowen and Company cut shares of United Technologies Corporation from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $127.00 to $120.00 in a research note on Wednesday, September 6th. Bank of America Corporation reaffirmed a “buy” rating and set a $140.00 price objective on shares of United Technologies Corporation in a research note on Wednesday, September 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $139.00 price objective on shares of United Technologies Corporation in a research note on Tuesday, August 29th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $136.00 price objective on shares of United Technologies Corporation in a research note on Wednesday, July 26th. Fourteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $125.15.

United Technologies Corporation (UTX) opened at 119.07 on Monday. The stock’s 50 day moving average price is $116.43 and its 200-day moving average price is $118.62. United Technologies Corporation has a 12 month low of $100.52 and a 12 month high of $124.79. The stock has a market cap of $95.11 billion, a price-to-earnings ratio of 18.14 and a beta of 1.05.

United Technologies Corporation (NYSE:UTX) last posted its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.05. The company had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. United Technologies Corporation had a return on equity of 17.66% and a net margin of 8.79%. United Technologies Corporation’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.76 earnings per share. Equities research analysts predict that United Technologies Corporation will post $6.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Friday, November 17th will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.80 annualized dividend and a dividend yield of 2.35%. United Technologies Corporation’s dividend payout ratio is currently 43.41%.

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United Technologies Corporation 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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