United Technologies Co. (UTX) Position Trimmed by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI decreased its holdings in shares of United Technologies Co. (NYSE:UTX) by 0.9% in the 4th quarter, Holdings Channel reports. The firm owned 44,302 shares of the conglomerate’s stock after selling 400 shares during the quarter. United Technologies comprises approximately 1.1% of Fishman Jay A Ltd. MI’s investment portfolio, making the stock its 24th largest holding. Fishman Jay A Ltd. MI’s holdings in United Technologies were worth $5,652,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Knowledge Leaders Capital LLC purchased a new stake in United Technologies in the third quarter valued at approximately $105,000. Wealthcare Advisory Partners LLC acquired a new position in shares of United Technologies in the third quarter valued at approximately $118,000. Thompson Davis & CO. Inc. increased its holdings in shares of United Technologies by 750.4% in the third quarter. Thompson Davis & CO. Inc. now owns 1,080 shares of the conglomerate’s stock valued at $125,000 after purchasing an additional 953 shares during the period. Thompson Siegel & Walmsley LLC increased its holdings in shares of United Technologies by 3.8% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,090 shares of the conglomerate’s stock valued at $133,000 after purchasing an additional 40 shares during the period. Finally, Rowland & Co. Investment Counsel ADV increased its holdings in shares of United Technologies by 0.3% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock valued at $143,000 after purchasing an additional 3 shares during the period. Hedge funds and other institutional investors own 82.38% of the company’s stock.

In related news, VP Robert J. Bailey sold 2,032 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $134.95, for a total transaction of $274,218.40. Following the transaction, the vice president now directly owns 4,900 shares in the company, valued at $661,255. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

A number of research analysts have recently issued reports on the company. ValuEngine raised United Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $146.00 target price (up previously from $124.00) on shares of United Technologies in a report on Thursday, January 25th. Cowen reissued a “hold” rating and issued a $141.00 target price on shares of United Technologies in a report on Thursday, January 25th. UBS assumed coverage on United Technologies in a report on Tuesday, January 23rd. They set a “buy” rating and a $158.00 price objective on the stock. Finally, Goldman Sachs raised United Technologies from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. United Technologies presently has an average rating of “Buy” and a consensus price target of $137.00.

Shares of United Technologies stock opened at $128.33 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.35 and a quick ratio of 0.94. United Technologies Co. has a 12-month low of $109.10 and a 12-month high of $139.24. The stock has a market capitalization of $102,635.52, a price-to-earnings ratio of 22.51, a PEG ratio of 2.11 and a beta of 1.05.

United Technologies (NYSE:UTX) last issued its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.04. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The business had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $15.34 billion. During the same period in the prior year, the business earned $1.56 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. sell-side analysts anticipate that United Technologies Co. will post 7.04 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Investors of record on Friday, February 16th were given a dividend of $0.70 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.80 annualized dividend and a yield of 2.18%. United Technologies’s dividend payout ratio (DPR) is presently 49.12%.

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.

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