Private Vista LLC Grows Stock Position in United Technologies Co. (NYSE:UTX)

Private Vista LLC raised its holdings in United Technologies Co. (NYSE:UTX) by 2.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,051 shares of the conglomerate’s stock after buying an additional 113 shares during the quarter. Private Vista LLC’s holdings in United Technologies were worth $527,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quad Cities Investment Group LLC raised its stake in United Technologies by 62.1% in the second quarter. Quad Cities Investment Group LLC now owns 261 shares of the conglomerate’s stock valued at $34,000 after buying an additional 100 shares during the last quarter. Massey Quick Simon & CO. LLC acquired a new position in shares of United Technologies in the first quarter valued at about $47,000. Sageworth Trust Co acquired a new position in shares of United Technologies in the first quarter valued at about $50,000. Canton Hathaway LLC increased its holdings in shares of United Technologies by 625.5% in the first quarter. Canton Hathaway LLC now owns 399 shares of the conglomerate’s stock valued at $51,000 after purchasing an additional 344 shares during the period. Finally, Murphy Pohlad Asset Management LLC acquired a new position in shares of United Technologies in the fourth quarter valued at about $56,000. Institutional investors own 80.79% of the company’s stock.

United Technologies stock traded down $1.38 during midday trading on Thursday, hitting $132.22. 1,542,222 shares of the company were exchanged, compared to its average volume of 3,048,838. The company has a market cap of $117.10 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.92 and a beta of 1.22. United Technologies Co. has a fifty-two week low of $100.48 and a fifty-two week high of $144.40. The stock’s fifty day simple moving average is $131.02. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.05 and a quick ratio of 0.74.

United Technologies (NYSE:UTX) last posted its earnings results on Tuesday, July 23rd. The conglomerate reported $2.20 EPS for the quarter, topping the consensus estimate of $2.04 by $0.16. The firm had revenue of $19.63 billion for the quarter, compared to analyst estimates of $19.58 billion. United Technologies had a return on equity of 16.81% and a net margin of 7.13%. United Technologies’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period last year, the company earned $1.97 earnings per share. Equities research analysts expect that United Technologies Co. will post 8.02 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be issued a dividend of $0.735 per share. This represents a $2.94 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Thursday, August 15th. United Technologies’s dividend payout ratio (DPR) is 38.63%.

In related news, EVP Elizabeth B. Amato sold 4,298 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $135.71, for a total transaction of $583,281.58. Following the sale, the executive vice president now directly owns 30,847 shares of the company’s stock, valued at $4,186,246.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.15% of the stock is owned by company insiders.

UTX has been the topic of a number of research reports. Vertical Research raised United Technologies from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Friday, June 14th. Zacks Investment Research lowered United Technologies from a “strong-buy” rating to a “hold” rating and set a $151.00 price objective on the stock. in a report on Friday, July 19th. Bank of America reissued a “buy” rating and issued a $195.00 price objective (up from $185.00) on shares of United Technologies in a report on Thursday, July 25th. Royal Bank of Canada reissued a “sector perform” rating and issued a $159.00 price objective on shares of United Technologies in a report on Wednesday, April 24th. Finally, Morgan Stanley increased their price objective on United Technologies from $155.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $152.21.

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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