United Technologies Co. (UTX) Shares Sold by Terra Nova Asset Management LLC

Terra Nova Asset Management LLC lowered its stake in shares of United Technologies Co. (NYSE:UTX) by 79.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,778 shares of the conglomerate’s stock after selling 6,679 shares during the quarter. Terra Nova Asset Management LLC’s holdings in United Technologies were worth $206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in UTX. Vanguard Group Inc. boosted its stake in United Technologies by 1.6% during the second quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock worth $6,693,250,000 after acquiring an additional 848,623 shares in the last quarter. BlackRock Inc. lifted its stake in shares of United Technologies by 0.3% in the second quarter. BlackRock Inc. now owns 44,095,986 shares of the conglomerate’s stock worth $5,384,561,000 after buying an additional 133,036 shares in the last quarter. FMR LLC lifted its stake in shares of United Technologies by 13.2% in the second quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock worth $2,514,316,000 after buying an additional 2,401,795 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of United Technologies by 3.6% in the second quarter. Capital Research Global Investors now owns 8,779,642 shares of the conglomerate’s stock worth $1,072,082,000 after buying an additional 304,989 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of United Technologies by 2.6% in the second quarter. The Manufacturers Life Insurance Company now owns 4,710,878 shares of the conglomerate’s stock worth $575,246,000 after buying an additional 119,063 shares in the last quarter. Institutional investors own 80.07% of the company’s stock.

In other news, VP Robert J. Bailey sold 827 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $118.06, for a total transaction of $97,635.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert J. Bailey sold 636 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $124.35, for a total transaction of $79,086.60. Following the transaction, the vice president now directly owns 1,500 shares of the company’s stock, valued at $186,525. The disclosure for this sale can be found here. Insiders have sold 16,466 shares of company stock valued at $2,019,274 over the last three months. 0.16% of the stock is owned by corporate insiders.

Several research analysts have recently issued reports on UTX shares. Bank of America reiterated a “buy” rating and issued a $140.00 target price on shares of United Technologies in a research note on Wednesday, September 6th. Deutsche Bank dropped their target price on shares of United Technologies from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Wednesday, September 6th. Vertical Research downgraded shares of United Technologies from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research note on Tuesday, September 5th. Cowen downgraded shares of United Technologies from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $127.00 to $120.00 in a research note on Wednesday, September 6th. Finally, Stifel Nicolaus upped their target price on shares of United Technologies from $122.00 to $124.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Fourteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. United Technologies presently has a consensus rating of “Hold” and an average target price of $125.63.

United Technologies Co. (NYSE UTX) opened at $127.23 on Friday. 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 Co. has a twelve month low of $106.85 and a twelve month high of $127.89. The firm has a market cap of $101,665.94, a P/E ratio of 19.73, a PEG ratio of 2.29 and a beta of 1.07.

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

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 10th. Stockholders of record on Friday, November 17th were issued a dividend of $0.70 per share. The ex-dividend date was Thursday, November 16th. This represents a $2.80 annualized dividend and a dividend yield of 2.20%. United Technologies’s payout ratio is 43.41%.

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

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