Fiera Capital Corp Purchases 388,467 Shares of United Technologies Corporation (UTX)

Fiera Capital Corp lifted its position in United Technologies Corporation (NYSE:UTX) by 14.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,013,096 shares of the conglomerate’s stock after acquiring an additional 388,467 shares during the quarter. United Technologies accounts for approximately 1.8% of Fiera Capital Corp’s investment portfolio, making the stock its 16th largest holding. Fiera Capital Corp owned approximately 0.38% of United Technologies worth $367,929,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC grew its stake in shares of United Technologies by 11,652.2% during the second quarter. Harbour Capital Advisors LLC now owns 2,127,156 shares of the conglomerate’s stock worth $17,420,000 after acquiring an additional 2,109,056 shares during the last quarter. Flossbach Von Storch AG boosted its position in United Technologies by 95.6% in the second quarter. Flossbach Von Storch AG now owns 1,617,008 shares of the conglomerate’s stock valued at $197,453,000 after buying an additional 790,496 shares during the last quarter. Schroder Investment Management Group boosted its position in United Technologies by 1,606.6% in the second quarter. Schroder Investment Management Group now owns 592,583 shares of the conglomerate’s stock valued at $72,088,000 after buying an additional 557,859 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in United Technologies by 288.1% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 588,005 shares of the conglomerate’s stock valued at $60,300,000 after buying an additional 436,509 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in United Technologies in the first quarter valued at approximately $40,211,000. Hedge funds and other institutional investors own 80.20% of the company’s stock.

In other news, EVP Michael R. Dumais sold 2,986 shares of the 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 directly owns 27,548 shares in the company, valued at approximately $3,332,757.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Akhil Johri sold 5,979 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $121.03, for a total value of $723,638.37. Following the transaction, the vice president now owns 23,295 shares of the company’s stock, valued at $2,819,393.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,792 shares of company stock valued at $1,182,520. Company insiders own 0.16% of the company’s stock.

A number of brokerages have issued reports on UTX. BidaskClub raised United Technologies from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Cowen reissued a “hold” rating and issued a $120.00 price target on shares of United Technologies in a report on Tuesday, October 24th. Atlantic Securities raised United Technologies from a “neutral” rating to an “overweight” rating in a report on Tuesday. Stifel Nicolaus boosted 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, Zacks Investment Research raised United Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $125.15.

Shares of United Technologies Corporation (NYSE:UTX) traded down $0.08 during trading hours on Tuesday, reaching $120.04. The company’s stock had a trading volume of 2,756,900 shares, compared to its average volume of 3,037,475. The company has a current ratio of 1.31, a quick ratio of 0.91 and a debt-to-equity ratio of 0.76. The stock has a market cap of $95,924.23, a PE ratio of 18.15, a P/E/G ratio of 2.16 and a beta of 1.07. United Technologies Corporation has a 12 month low of $106.85 and a 12 month high of $124.79.

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

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Thursday, November 16th. United Technologies’s dividend payout ratio is presently 43.41%.

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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.

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

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