United Technologies Co. (UTX) Shares Bought by Physicians Financial Services Inc.

Physicians Financial Services Inc. lifted its position in United Technologies Co. (NYSE:UTX) by 12.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,334 shares of the conglomerate’s stock after acquiring an additional 901 shares during the quarter. Physicians Financial Services Inc.’s holdings in United Technologies were worth $1,074,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Neuberger Berman Group LLC lifted its stake in shares of United Technologies by 467.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 927,340 shares of the conglomerate’s stock worth $129,652,000 after acquiring an additional 763,809 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of 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 last quarter. Cozad Asset Management Inc. lifted its stake in shares of United Technologies by 5.0% during the 4th quarter. Cozad Asset Management Inc. now owns 3,464 shares of the conglomerate’s stock worth $369,000 after acquiring an additional 165 shares during the last quarter. Gateway Investment Advisers LLC lifted its stake in shares of United Technologies by 1.6% during the 4th quarter. Gateway Investment Advisers LLC now owns 510,521 shares of the conglomerate’s stock worth $54,360,000 after acquiring an additional 8,036 shares during the last quarter. Finally, Moreno Evelyn V lifted its stake in shares of United Technologies by 0.3% during the 4th quarter. Moreno Evelyn V now owns 51,544 shares of the conglomerate’s stock worth $5,488,000 after acquiring an additional 177 shares during the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

In other United Technologies news, VP Akhil Johri sold 3,210 shares of United Technologies stock in a transaction 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 completion of the sale, the vice president now directly owns 62,915 shares of the company’s stock, valued at approximately $8,083,948.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Elizabeth B. Amato sold 10,089 shares of United Technologies stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $123.84, for a total value of $1,249,421.76. Following the sale, the executive vice president now directly owns 21,635 shares of the company’s stock, valued at $2,679,278.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,504 shares of company stock valued at $4,864,047. 0.15% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently issued reports 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 note on Wednesday, January 30th. Bank of America reissued a “buy” rating and set a $185.00 price target on shares of United Technologies in a research note on Thursday, January 24th. Goldman Sachs Group reissued a “buy” rating and set a $149.00 price target 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, May 10th. They set a “neutral” rating and a $136.86 price target for the company. Finally, Barclays raised their price target on United Technologies from $142.00 to $149.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Six research 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 stock. United Technologies presently has a consensus rating of “Buy” and a consensus target price of $147.76.

Shares of NYSE UTX opened at $133.98 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.13 and a quick ratio of 0.79. The firm has a market cap of $113.79 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 1.95 and a beta of 1.23. United Technologies Co. has a twelve month low of $100.48 and a twelve month high of $144.40.

United Technologies (NYSE:UTX) last issued its earnings results on Tuesday, April 23rd. The conglomerate reported $1.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.20. The business had revenue of $18.37 billion during the quarter, compared to analyst estimates of $18.01 billion. United Technologies had a return on equity of 17.02% and a net margin of 7.64%. United Technologies’s revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.77 EPS. Research analysts expect 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 given a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, May 16th. United Technologies’s dividend payout ratio (DPR) is presently 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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