United Technologies Co. (UTX) Shares Bought by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC grew its position in United Technologies Co. (NYSE:UTX) by 104.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,391 shares of the conglomerate’s stock after acquiring an additional 2,239 shares during the period. Gilman Hill Asset Management LLC’s holdings in United Technologies were worth $510,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Wedbush Securities Inc. raised its position in United Technologies by 13.9% in the 1st quarter. Wedbush Securities Inc. now owns 11,427 shares of the conglomerate’s stock worth $1,282,000 after purchasing an additional 1,393 shares during the last quarter. Wade G W & Inc. raised its position in United Technologies by 74.1% in the 1st quarter. Wade G W & Inc. now owns 87,484 shares of the conglomerate’s stock worth $9,817,000 after purchasing an additional 37,224 shares during the last quarter. Joel Isaacson & Co. LLC raised its position in United Technologies by 6.8% in the 1st quarter. Joel Isaacson & Co. LLC now owns 3,720 shares of the conglomerate’s stock worth $417,000 after purchasing an additional 238 shares during the last quarter. First Personal Financial Services raised its position in United Technologies by 4.2% in the 1st quarter. First Personal Financial Services now owns 10,433 shares of the conglomerate’s stock worth $1,170,000 after purchasing an additional 424 shares during the last quarter. Finally, Commerce Bank raised its position in United Technologies by 0.3% in the 1st quarter. Commerce Bank now owns 486,808 shares of the conglomerate’s stock worth $54,625,000 after purchasing an additional 1,469 shares during the last quarter. Institutional investors own 80.07% of the company’s stock.

In other news, VP Akhil Johri sold 5,979 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $121.03, for a total value of $723,638.37. Following the completion of the transaction, the vice president now owns 23,295 shares of the company’s stock, valued at approximately $2,819,393.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael R. Dumais sold 2,986 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were 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 of the company’s stock, valued at approximately $3,332,757.04. The disclosure for this sale can be found here. Insiders sold a total of 16,466 shares of company stock valued at $2,019,274 in the last three months. 0.16% of the stock is owned by company insiders.

Several research analysts recently weighed in on the stock. Royal Bank of Canada restated a “hold” rating and issued a $126.00 price objective on shares of United Technologies in a research report on Tuesday, October 10th. Jefferies Group restated a “buy” rating and issued a $139.00 price objective on shares of United Technologies in a research report on Tuesday, August 29th. Cowen restated a “hold” rating and issued a $120.00 price objective on shares of United Technologies in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of United Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, Atlantic Securities upgraded shares of United Technologies from a “neutral” rating to an “overweight” rating in a research report on Tuesday, December 5th. Fourteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $125.63.

Shares of United Technologies Co. (NYSE:UTX) opened at $127.31 on Friday. The company has a market cap of $101,670.00, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 2.28 and a beta of 1.07. United Technologies Co. has a 1 year low of $106.85 and a 1 year high of $127.89. The company has a current ratio of 1.31, a quick ratio of 0.91 and a debt-to-equity ratio of 0.76.

United Technologies (NYSE:UTX) last issued its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, beating the 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 net margin of 8.79% and a return on equity of 17.66%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.76 EPS. equities research analysts forecast that United Technologies Co. will post 6.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 10th. Shareholders of record on Friday, November 17th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Thursday, November 16th. United Technologies’s payout ratio is 43.34%.

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United Technologies 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 (NYSE:UTX)

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