Richard Bernstein Advisors LLC maintained its position in United Technologies Corporation (NYSE:UTX) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,322 shares of the conglomerate’s stock at the close of the second quarter. Richard Bernstein Advisors LLC’s holdings in United Technologies Corporation were worth $6,267,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. raised its holdings in shares of United Technologies Corporation by 14.3% during the first quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock worth $112,000 after purchasing an additional 125 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in shares of United Technologies Corporation by 5.3% during the second quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock worth $117,000 after purchasing an additional 48 shares during the last quarter. Seven Bridges Advisors LLC purchased a new position in shares of United Technologies Corporation during the second quarter worth $120,000. Winfield Associates Inc. raised its holdings in shares of United Technologies Corporation by 2.9% during the second quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock worth $126,000 after purchasing an additional 29 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new position in shares of United Technologies Corporation during the second quarter worth $131,000. 78.87% of the stock is owned by institutional investors and hedge funds.
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United Technologies Corporation (UTX) opened at $121.07 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.31. The company has a market capitalization of $96,994.30, a P/E ratio of 18.35, a PEG ratio of 2.19 and a beta of 1.07.
United Technologies Corporation (NYSE:UTX) last released its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. The business had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. United Technologies Corporation had a net margin of 8.79% and a return on equity of 17.66%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.76 EPS. analysts predict that United Technologies Corporation will post 6.61 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Friday, November 17th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Thursday, November 16th. United Technologies Corporation’s dividend payout ratio (DPR) is 43.41%.
Several brokerages recently issued reports on UTX. Zacks Investment Research raised shares of United Technologies Corporation from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Stifel Nicolaus raised their target price on shares of United Technologies Corporation from $122.00 to $124.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Cowen and Company reissued a “hold” rating and set a $120.00 target price on shares of United Technologies Corporation in a report on Tuesday, October 24th. Royal Bank Of Canada reissued a “hold” rating and set a $126.00 target price on shares of United Technologies Corporation in a report on Tuesday, October 10th. Finally, Deutsche Bank AG dropped their price target on shares of United Technologies Corporation from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Wednesday, September 6th. Fourteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $125.15.
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.
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