Janney Montgomery Scott LLC lifted its position in shares of United Technologies Co. (NYSE:UTX) by 11.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 196,316 shares of the conglomerate’s stock after acquiring an additional 20,900 shares during the quarter. Janney Montgomery Scott LLC’s holdings in United Technologies were worth $22,788,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 848,623 shares during the period. BlackRock Inc. grew its stake in shares of United Technologies by 0.3% during the second quarter. BlackRock Inc. now owns 44,095,986 shares of the conglomerate’s stock worth $5,384,561,000 after purchasing an additional 133,036 shares during the period. FMR LLC grew its stake in shares of United Technologies by 13.2% during the second quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock worth $2,514,316,000 after purchasing an additional 2,401,795 shares during the period. Capital Research Global Investors grew its stake in United Technologies by 3.6% in the second quarter. Capital Research Global Investors now owns 8,779,642 shares of the conglomerate’s stock valued at $1,072,082,000 after acquiring an additional 304,989 shares during the period. Finally, Boston Partners grew its stake in United Technologies by 5.3% in the third quarter. Boston Partners now owns 5,467,419 shares of the conglomerate’s stock valued at $634,658,000 after acquiring an additional 274,184 shares during the period. Institutional investors own 80.01% of the company’s stock.
In other news, VP Akhil Johri sold 5,979 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $121.03, for a total value of $723,638.37. Following the sale, the vice president now directly owns 23,295 shares in the company, valued at $2,819,393.85. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Elizabeth B. Amato sold 4,341 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $125.92, for a total value of $546,618.72. Following the completion of the sale, the executive vice president now owns 29,122 shares in the company, valued at $3,667,042.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,480 shares of company stock worth $1,658,028. Corporate insiders own 0.16% of the company’s stock.
Shares of United Technologies Co. (UTX) opened at $129.81 on Wednesday. The company has a market capitalization of $103,660.00, a PE ratio of 22.77, a PEG ratio of 2.29 and a beta of 1.08. United Technologies Co. has a twelve month low of $107.05 and a twelve month high of $139.24. The company has a quick ratio of 0.94, a current ratio of 1.35 and a debt-to-equity ratio of 0.80.
United Technologies (NYSE:UTX) last issued its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.04. The company had revenue of $15.68 billion for the quarter, compared to analyst estimates of $15.34 billion. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.56 earnings per share. sell-side analysts anticipate that United Technologies Co. will post 7.01 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Friday, February 16th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.16%. United Technologies’s dividend payout ratio (DPR) is 49.12%.
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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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