Keybank National Association OH trimmed its holdings in United Technologies Co. (NYSE:UTX) by 1.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 994,591 shares of the conglomerate’s stock after selling 19,355 shares during the quarter. Keybank National Association OH’s holdings in United Technologies were worth $115,452,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Knowledge Leaders Capital LLC purchased a new position in United Technologies in the third quarter worth approximately $105,000. Tortoise Investment Management LLC boosted its position in shares of United Technologies by 5.3% during the second quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock worth $117,000 after buying an additional 48 shares during the period. Seven Bridges Advisors LLC purchased a new position in shares of United Technologies during the second quarter worth $120,000. Winfield Associates Inc. boosted its position in shares of United Technologies by 2.9% during the second quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock worth $126,000 after buying an additional 29 shares during the period. Finally, Shine Investment Advisory Services Inc. purchased a new position in shares of United Technologies during the second quarter worth $131,000. Institutional investors own 80.07% of the company’s stock.
Several research analysts have recently commented on UTX shares. Royal Bank of Canada set a $126.00 price target on United Technologies and gave the stock a “hold” rating in a research report on Sunday, November 12th. Cowen restated a “hold” rating and set a $120.00 price target on shares of United Technologies in a research report on Friday, November 10th. Zacks Investment Research upgraded United Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Stifel Nicolaus raised their price target on United Technologies from $122.00 to $124.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Finally, Robert W. Baird upgraded United Technologies from a “neutral” rating to an “outperform” rating in a research report on Friday. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $125.63.
United Technologies Co. (UTX) opened at $131.57 on Monday. The stock has a market capitalization of $105,070.00, a price-to-earnings ratio of 20.37, a P/E/G ratio of 2.29 and a beta of 1.07. United Technologies Co. has a fifty-two week low of $106.85 and a fifty-two week high of $132.36. The company has a quick ratio of 0.91, a current ratio of 1.31 and a debt-to-equity ratio of 0.76.
United Technologies (NYSE:UTX) last released its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.05. The firm had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. United Technologies had a return on equity of 17.66% and a net margin of 8.79%. United Technologies’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $1.76 earnings per share. research analysts anticipate that United Technologies Co. will post 6.61 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Sunday, December 10th. Investors of record on Friday, November 17th were issued a $0.70 dividend. The ex-dividend date was Thursday, November 16th. This represents a $2.80 dividend on an annualized basis and a yield of 2.13%. United Technologies’s dividend payout ratio (DPR) is presently 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.
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