United Technologies Co. (UTX) Shares Bought by HPM Partners LLC

HPM Partners LLC raised its holdings in United Technologies Co. (NYSE:UTX) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,921 shares of the conglomerate’s stock after purchasing an additional 402 shares during the quarter. HPM Partners LLC’s holdings in United Technologies were worth $3,904,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of UTX. Credit Agricole S A boosted its holdings in shares of United Technologies by 101.4% in the 2nd quarter. Credit Agricole S A now owns 866 shares of the conglomerate’s stock valued at $109,000 after purchasing an additional 436 shares in the last quarter. Fort L.P. acquired a new stake in shares of United Technologies during the 2nd quarter valued at $120,000. Psagot Investment House Ltd. acquired a new stake in shares of United Technologies during the 3rd quarter valued at $134,000. Adalta Capital Management LLC acquired a new stake in shares of United Technologies during the 2nd quarter valued at $163,000. Finally, Integrated Investment Consultants LLC acquired a new stake in shares of United Technologies during the 2nd quarter valued at $197,000. 82.07% of the stock is currently owned by hedge funds and other institutional investors.

UTX has been the topic of several recent research reports. Robert W. Baird raised their price objective on United Technologies from $156.00 to $167.00 and gave the company a “neutral” rating in a report on Thursday, September 20th. Zacks Investment Research downgraded United Technologies from a “buy” rating to a “hold” rating in a report on Friday, October 26th. Jefferies Financial Group set a $148.00 price objective on United Technologies and gave the company a “buy” rating in a report on Tuesday, November 27th. ValuEngine raised United Technologies from a “hold” rating to a “buy” rating in a report on Friday, November 23rd. Finally, Bank of America set a $180.00 price objective on United Technologies and gave the company a “buy” rating in a report on Tuesday, November 27th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $151.58.

Shares of NYSE:UTX opened at $118.80 on Friday. The firm has a market cap of $95.16 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.81 and a beta of 1.07. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.52 and a quick ratio of 1.17. United Technologies Co. has a 12-month low of $115.40 and a 12-month high of $144.15.

United Technologies (NYSE:UTX) last announced its earnings results on Tuesday, October 23rd. The conglomerate reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.11. The business had revenue of $16.51 billion during the quarter, compared to analyst estimates of $16.10 billion. United Technologies had a return on equity of 17.70% and a net margin of 7.76%. United Technologies’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $1.73 EPS. Analysts expect that United Technologies Co. will post 7.18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 10th. Investors of record on Friday, November 16th were given a dividend of $0.735 per share. This is a positive change from United Technologies’s previous quarterly dividend of $0.70. This represents a $2.94 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, November 15th. United Technologies’s dividend payout ratio (DPR) is currently 44.21%.

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United Technologies Profile

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.

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

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