Arete Wealth Advisors LLC Grows Holdings in United Technologies Co. (NYSE:UTX)

Arete Wealth Advisors LLC boosted its position in United Technologies Co. (NYSE:UTX) by 106.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,056 shares of the conglomerate’s stock after acquiring an additional 7,235 shares during the period. Arete Wealth Advisors LLC’s holdings in United Technologies were worth $1,497,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund increased its position in shares of United Technologies by 11,458.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,426,355 shares of the conglomerate’s stock valued at $89,000 after acquiring an additional 9,344,798 shares during the last quarter. BlackRock Inc. increased its position in United Technologies by 13.3% in the fourth quarter. BlackRock Inc. now owns 54,035,145 shares of the conglomerate’s stock worth $5,753,662,000 after buying an additional 6,347,718 shares during the last quarter. Geode Capital Management LLC increased its position in United Technologies by 15.0% in the fourth quarter. Geode Capital Management LLC now owns 9,926,113 shares of the conglomerate’s stock worth $1,055,120,000 after buying an additional 1,293,517 shares during the last quarter. Findlay Park Partners LLP purchased a new stake in United Technologies in the fourth quarter worth $119,790,000. Finally, Vanguard Group Inc boosted its holdings in shares of United Technologies by 1.9% in the third quarter. Vanguard Group Inc now owns 59,240,301 shares of the conglomerate’s stock worth $8,282,386,000 after acquiring an additional 1,094,947 shares during the period. Institutional investors and hedge funds own 80.63% of the company’s stock.

UTX has been the subject of a number of analyst reports. Zacks Investment Research raised United Technologies from a “hold” rating to a “buy” rating and set a $129.00 price target for the company in a report on Wednesday, January 30th. Bank of America reaffirmed a “buy” rating and issued a $185.00 price target on shares of United Technologies in a report on Thursday, January 24th. Goldman Sachs Group reissued a “buy” rating and set a $149.00 price objective on shares of United Technologies in a research note on Wednesday, January 23rd. Seaport Global Securities started coverage on United Technologies in a research note on Friday. They set a “neutral” rating and a $136.86 price objective for the company. Finally, Barclays lifted their price objective on United Technologies from $142.00 to $149.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. United Technologies has a consensus rating of “Buy” and an average price target of $147.76.

In other United Technologies news, VP Akhil Johri sold 3,210 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $128.49, for a total transaction of $412,452.90. Following the transaction, the vice president now owns 62,915 shares in the company, valued at approximately $8,083,948.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Gregory Hayes sold 35,942 shares of the company’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $123.81, for a total value of $4,449,979.02. The disclosure for this sale can be found here. Insiders have sold a total of 87,288 shares of company stock worth $10,902,196 in the last quarter. Company insiders own 0.15% of the company’s stock.

Shares of UTX traded up $0.31 during trading hours on Friday, hitting $137.17. The company had a trading volume of 2,652,508 shares, compared to its average volume of 2,726,141. United Technologies Co. has a 52-week low of $100.48 and a 52-week high of $144.40. The company has a market cap of $118.01 billion, a P/E ratio of 18.02, a P/E/G ratio of 1.95 and a beta of 1.23. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 0.98.

United Technologies (NYSE:UTX) last announced its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. United Technologies had a return on equity of 17.02% and a net margin of 7.64%. The company had revenue of $18.37 billion for the quarter, compared to the consensus estimate of $18.01 billion. During the same quarter in the previous year, the business earned $1.77 EPS. United Technologies’s revenue was up 20.5% compared to the same quarter last year. Equities research analysts forecast that United Technologies Co. will post 7.97 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.735 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.14%. United Technologies’s dividend payout ratio (DPR) is 38.63%.

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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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