Two Sigma Advisers LP Buys 195,291 Shares of United Technologies Co. (NYSE:UTX)

Two Sigma Advisers LP lifted its holdings in United Technologies Co. (NYSE:UTX) by 454.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,298 shares of the conglomerate’s stock after purchasing an additional 195,291 shares during the quarter. Two Sigma Advisers LP’s holdings in United Technologies were worth $25,374,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of UTX. Oregon Public Employees Retirement Fund lifted its position in United Technologies by 11,458.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,426,355 shares of the conglomerate’s stock worth $89,000 after acquiring an additional 9,344,798 shares during the period. BlackRock Inc. lifted its position in United Technologies by 13.3% during the 4th quarter. BlackRock Inc. now owns 54,035,145 shares of the conglomerate’s stock worth $5,753,662,000 after acquiring an additional 6,347,718 shares during the period. Geode Capital Management LLC lifted its position in United Technologies by 15.0% during the 4th quarter. Geode Capital Management LLC now owns 9,926,113 shares of the conglomerate’s stock worth $1,055,120,000 after acquiring an additional 1,293,517 shares during the period. Findlay Park Partners LLP acquired a new stake in United Technologies during the 4th quarter worth about $119,790,000. Finally, Vanguard Group Inc lifted its position in United Technologies by 1.9% during the 3rd 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. 80.63% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on UTX shares. 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 research report on Wednesday, January 30th. Bank of America reiterated a “buy” rating and set a $185.00 price objective on shares of United Technologies in a research note on Thursday, January 24th. Goldman Sachs Group reiterated 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 initiated 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 investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $147.76.

In related news, VP Robert J. Bailey sold 1,418 shares of United Technologies stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $126.20, for a total value of $178,951.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Gregory Hayes sold 35,942 shares of United Technologies stock in a transaction dated 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. In the last 90 days, insiders sold 87,288 shares of company stock valued at $10,902,196. 0.15% of the stock is owned by company insiders.

Shares of United Technologies stock traded up $0.31 on Friday, hitting $137.17. The company’s stock had a trading volume of 2,652,508 shares, compared to its average volume of 2,726,141. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 0.98. United Technologies Co. has a 1 year low of $100.48 and a 1 year high of $144.40. The firm has a market cap of $118.01 billion, a PE ratio of 18.02, a P/E/G ratio of 1.95 and a beta of 1.23.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be paid a $0.735 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.94 annualized dividend and a dividend yield of 2.14%. United Technologies’s dividend payout ratio is presently 38.63%.

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United Technologies Company 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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