Stack Financial Management Inc Has $38.62 Million Position in United Technologies Co. (UTX)

Stack Financial Management Inc increased its stake in United Technologies Co. (NYSE:UTX) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 332,664 shares of the conglomerate’s stock after purchasing an additional 2,481 shares during the quarter. United Technologies accounts for 4.2% of Stack Financial Management Inc’s portfolio, making the stock its 5th largest position. Stack Financial Management Inc’s holdings in United Technologies were worth $38,616,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Knowledge Leaders Capital LLC bought a new position in United Technologies in the third quarter worth approximately $105,000. Tortoise Investment Management LLC raised its position in United Technologies by 5.3% in the second quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock worth $117,000 after acquiring an additional 48 shares during the period. Seven Bridges Advisors LLC bought a new position in United Technologies in the second quarter worth approximately $120,000. Winfield Associates Inc. raised its position in United Technologies by 2.9% in the second quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock worth $126,000 after acquiring an additional 29 shares during the period. Finally, Shine Investment Advisory Services Inc. bought a new position in United Technologies in the second quarter worth approximately $131,000. Institutional investors own 80.07% of the company’s stock.

Shares of United Technologies Co. (NYSE UTX) opened at $127.58 on Thursday. The company has a market cap of $101,602.05, a price-to-earnings ratio of 19.78, a PEG ratio of 2.29 and a beta of 1.07. United Technologies Co. has a 52-week low of $106.85 and a 52-week high of $127.94. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.31.

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

The business also recently declared a quarterly dividend, which was paid on Sunday, December 10th. Shareholders of record on Friday, November 17th were issued a $0.70 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.80 dividend on an annualized basis and a yield of 2.19%. United Technologies’s dividend payout ratio is currently 43.41%.

Several research firms have weighed in on UTX. Atlantic Securities upgraded shares of United Technologies from a “neutral” rating to an “overweight” rating in a research report on Tuesday, December 5th. Royal Bank of Canada set a $126.00 price target on shares of United Technologies and gave the stock a “hold” rating in a research report on Sunday, November 12th. Cowen reiterated a “hold” rating and issued a $120.00 price target 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, Stifel Nicolaus increased their price target on shares of United Technologies from $122.00 to $124.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $125.63.

In other United Technologies news, VP Robert J. Bailey sold 864 shares of United Technologies stock in a transaction on Friday, December 15th. The shares were sold at an average price of $126.01, for a total value of $108,872.64. Following the sale, the vice president now directly owns 2,000 shares in the company, valued at approximately $252,020. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Akhil Johri sold 5,979 shares of United Technologies stock in a transaction on Friday, December 1st. The shares were sold at an average price of $121.03, for a total transaction of $723,638.37. Following the completion of the sale, the vice president now owns 23,295 shares in the company, valued at $2,819,393.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,466 shares of company stock worth $2,019,274. 0.16% of the stock is currently owned by insiders.

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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.

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

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