Dai Ichi Life Insurance Company Ltd Sells 1,577 Shares of United Technologies Corporation (UTX)

Dai Ichi Life Insurance Company Ltd trimmed its stake in shares of United Technologies Corporation (NYSE:UTX) by 1.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,305 shares of the conglomerate’s stock after selling 1,577 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in United Technologies were worth $14,446,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Weatherstone Capital Management lifted its holdings in shares of United Technologies by 13.0% in the 2nd quarter. Weatherstone Capital Management now owns 2,526 shares of the conglomerate’s stock valued at $308,000 after buying an additional 290 shares during the period. Modera Wealth Management LLC acquired a new stake in shares of United Technologies in the 2nd quarter valued at approximately $203,000. FCG Advisors LLC lifted its holdings in shares of United Technologies by 43.5% in the 2nd quarter. FCG Advisors LLC now owns 3,295 shares of the conglomerate’s stock valued at $402,000 after buying an additional 999 shares during the period. Aberdeen Asset Management PLC UK lifted its holdings in shares of United Technologies by 2.2% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 537,384 shares of the conglomerate’s stock valued at $65,620,000 after buying an additional 11,614 shares during the period. Finally, Private Wealth Advisors Inc. lifted its holdings in shares of United Technologies by 5.5% in the 2nd quarter. Private Wealth Advisors Inc. now owns 24,856 shares of the conglomerate’s stock valued at $3,035,000 after buying an additional 1,305 shares during the period. 80.20% of the stock is owned by institutional investors.

United Technologies Corporation (NYSE:UTX) traded up $1.09 during trading on Monday, reaching $121.21. The company’s stock had a trading volume of 1,188,116 shares, compared to its average volume of 3,038,684. The company has a quick ratio of 0.91, a current ratio of 1.31 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $95,924.23, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 2.16 and a beta of 1.07. United Technologies Corporation has a one year low of $106.85 and a one year high of $124.79.

United Technologies (NYSE:UTX) last released its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.05. The company had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. United Technologies had a return on equity of 17.66% and a net margin of 8.79%. United Technologies’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.76 earnings per share. research analysts anticipate that United Technologies Corporation will post 6.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Friday, November 17th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, November 16th. United Technologies’s payout ratio is 43.41%.

Several analysts have recently commented on UTX shares. Bank of America reissued a “buy” rating and issued a $140.00 price target on shares of United Technologies in a report on Wednesday, September 6th. Cowen reissued a “buy” rating and issued a $127.00 price target on shares of United Technologies in a report on Tuesday, September 5th. Jefferies Group reissued a “buy” rating and issued a $139.00 price target on shares of United Technologies in a report on Tuesday, August 29th. Stifel Nicolaus raised their price target on United Technologies from $122.00 to $124.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $125.00 price target on shares of United Technologies in a report on Sunday, August 13th. Fourteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. United Technologies currently has a consensus rating of “Hold” and a consensus target price of $125.15.

In other United Technologies news, EVP Michael R. Dumais sold 2,986 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $120.98, for a total transaction of $361,246.28. Following the completion of the transaction, the executive vice president now owns 27,548 shares of the company’s stock, valued at $3,332,757.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert J. Bailey sold 827 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $118.06, for a total value of $97,635.62. The disclosure for this sale can be found here. Company insiders own 0.16% of the company’s stock.

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About United Technologies

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 (NYSE:UTX)

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