Tiaa Fsb Has $16.57 Million Position in United Technologies Co. (UTX)

Tiaa Fsb reduced its stake in United Technologies Co. (NYSE:UTX) by 0.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 142,774 shares of the conglomerate’s stock after selling 778 shares during the quarter. Tiaa Fsb’s holdings in United Technologies were worth $16,573,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of United Technologies by 13.2% during the 2nd quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock valued at $2,514,316,000 after purchasing an additional 2,401,795 shares during the last quarter. Harbour Capital Advisors LLC grew its stake in shares of United Technologies by 11,652.2% during the 2nd 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 period. Vanguard Group Inc. grew its stake in shares of United Technologies by 1.6% during the 2nd 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 during the period. Flossbach Von Storch AG grew its stake in shares of United Technologies by 95.6% during the 2nd quarter. Flossbach Von Storch AG now owns 1,617,008 shares of the conglomerate’s stock worth $197,453,000 after acquiring an additional 790,496 shares during the period. Finally, Parametric Portfolio Associates LLC grew its stake in shares of United Technologies by 50.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,244,427 shares of the conglomerate’s stock worth $274,067,000 after acquiring an additional 756,600 shares during the period. 80.07% of the stock is owned by institutional investors and hedge funds.

In other United Technologies news, EVP Michael R. Dumais sold 2,986 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $120.98, for a total value of $361,246.28. Following the sale, the executive vice president now owns 27,548 shares of the company’s stock, valued at approximately $3,332,757.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Robert J. Bailey sold 827 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were 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. In the last 90 days, insiders sold 16,466 shares of company stock valued at $2,019,274. 0.16% of the stock is owned by corporate insiders.

Several research firms have recently weighed in on UTX. Vertical Research downgraded United Technologies from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research note on Tuesday, September 5th. Deutsche Bank cut their price target on United Technologies from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Wednesday, September 6th. Cowen reiterated a “hold” rating and set a $120.00 price target on shares of United Technologies in a research note on Friday, November 10th. Bank of America reiterated a “buy” rating and set a $140.00 price target on shares of United Technologies in a research note on Wednesday, September 6th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $126.00 price target on shares of United Technologies in a research note on Tuesday, October 10th. Fourteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $125.63.

United Technologies Co. (UTX) opened at $127.23 on Monday. United Technologies Co. has a 12 month low of $106.85 and a 12 month high of $127.89. 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 company has a market capitalization of $101,665.94, a PE ratio of 19.73, a price-to-earnings-growth ratio of 2.29 and a beta of 1.07.

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

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

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

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