Linscomb & Williams Inc. boosted its position in United Technologies Co. (NYSE:UTX) by 2.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,759 shares of the conglomerate’s stock after buying an additional 794 shares during the quarter. Linscomb & Williams Inc.’s holdings in United Technologies were worth $4,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in UTX. FMR LLC increased its position in 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 during the last quarter. Harbour Capital Advisors LLC increased its position in United Technologies by 11,652.2% in the second quarter. Harbour Capital Advisors LLC now owns 2,127,156 shares of the conglomerate’s stock worth $17,420,000 after buying an additional 2,109,056 shares during the last quarter. Vanguard Group Inc. increased its position in United Technologies by 1.6% in the second quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock worth $6,693,250,000 after buying an additional 848,623 shares during the last quarter. Flossbach Von Storch AG increased 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 worth $197,453,000 after buying an additional 790,496 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in United Technologies by 50.9% in the second quarter. Parametric Portfolio Associates LLC now owns 2,244,427 shares of the conglomerate’s stock worth $274,067,000 after buying an additional 756,600 shares during the last quarter. 80.07% of the stock is owned by institutional investors and hedge funds.
A number of analysts have issued reports on the company. Vertical Research downgraded United Technologies from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Tuesday, September 5th. Deutsche Bank decreased their target price on United Technologies from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Wednesday, September 6th. Cowen reissued a “hold” rating and issued a $120.00 target price on shares of United Technologies in a research report on Friday, November 10th. Bank of America reiterated a “buy” rating and issued a $140.00 price target on shares of United Technologies in a research report on Wednesday, September 6th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $126.00 price target on shares of United Technologies in a research report on Tuesday, October 10th. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. United Technologies has an average rating of “Hold” and a consensus target price of $125.63.
United Technologies Co. (NYSE:UTX) opened at $127.57 on Friday. The firm has a market capitalization of $101,873.58, a price-to-earnings ratio of 19.78, a PEG ratio of 2.30 and a beta of 1.07. United Technologies Co. has a 52-week low of $106.85 and a 52-week high of $128.49. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91.
United Technologies (NYSE:UTX) last announced its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.76 earnings per share. analysts anticipate that United Technologies Co. will post 6.61 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 10th. Investors of record on Friday, November 17th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Thursday, November 16th. United Technologies’s dividend payout ratio is 43.41%.
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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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