Investment Management of Virginia LLC trimmed its holdings in United Technologies Corporation (NYSE:UTX) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,250 shares of the conglomerate’s stock after selling 69 shares during the quarter. Investment Management of Virginia LLC’s holdings in United Technologies Corporation were worth $3,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. Riggs Asset Managment Co. Inc. raised its stake in United Technologies Corporation by 14.3% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock worth $112,000 after buying an additional 125 shares during the period. Tortoise Investment Management LLC raised its stake in United Technologies Corporation by 5.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock worth $117,000 after buying an additional 48 shares during the period. Seven Bridges Advisors LLC acquired a new position in United Technologies Corporation during the 2nd quarter worth approximately $120,000. Winfield Associates Inc. raised its stake in United Technologies Corporation by 2.9% during the 2nd quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock worth $126,000 after buying an additional 29 shares during the period. Finally, Shine Investment Advisory Services Inc. acquired a new position in United Technologies Corporation during the 2nd quarter worth approximately $131,000. 78.87% of the stock is currently owned by institutional investors.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised United Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Sanford C. Bernstein reissued a “market perform” rating and set a $135.00 price objective (up from $130.00) on shares of United Technologies Corporation in a report on Friday, July 21st. BidaskClub raised United Technologies Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Stifel Nicolaus reissued a “hold” rating and set a $126.00 price objective on shares of United Technologies Corporation in a report on Friday, July 7th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $125.00 price objective on shares of United Technologies Corporation in a report on Sunday, August 13th. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. United Technologies Corporation has an average rating of “Hold” and a consensus target price of $125.15.
Shares of United Technologies Corporation (UTX) opened at $121.07 on Friday. The stock has a market capitalization of $96,994.30, a PE ratio of 18.35, a price-to-earnings-growth ratio of 2.19 and a beta of 1.07. The company has a quick ratio of 0.91, a current ratio of 1.31 and a debt-to-equity ratio of 0.76.
United Technologies Corporation (NYSE:UTX) last issued its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.05. United Technologies Corporation had a return on equity of 17.66% and a net margin of 8.79%. The company had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter last year, the business posted $1.76 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. analysts forecast that United Technologies Corporation will post 6.61 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Friday, November 17th will be given a $0.70 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.31%. United Technologies Corporation’s dividend payout ratio (DPR) is presently 43.41%.
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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