United Technologies Co. (NYSE:UTX) EVP Sells $583,281.58 in Stock

United Technologies Co. (NYSE:UTX) EVP Elizabeth B. Amato sold 4,298 shares of the business’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 approximately $4,186,246.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NYSE UTX opened at $131.84 on Friday. United Technologies Co. has a 12-month low of $100.48 and a 12-month high of $144.40. The stock has a market cap of $117.10 billion, a PE ratio of 17.32, a PEG ratio of 1.92 and a beta of 1.22. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.74 and a current ratio of 1.05. The company’s 50-day simple moving average is $131.20.

United Technologies (NYSE:UTX) last announced its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.16. United Technologies had a net margin of 7.13% and a return on equity of 16.81%. The company had revenue of $19.63 billion during the quarter, compared to analysts’ expectations of $19.58 billion. During the same quarter in the prior year, the company earned $1.97 EPS. United Technologies’s revenue was up 17.5% compared to the same quarter last year. On average, research analysts anticipate that United Technologies Co. will post 8.02 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be paid a dividend of $0.735 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $2.94 annualized dividend and a yield of 2.23%. United Technologies’s dividend payout ratio is presently 38.63%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Deprince Race & Zollo Inc. lifted its holdings in shares of United Technologies by 13.9% in the fourth quarter. Deprince Race & Zollo Inc. now owns 175,715 shares of the conglomerate’s stock valued at $18,710,000 after purchasing an additional 21,495 shares in the last quarter. Bruderman Asset Management LLC lifted its holdings in shares of United Technologies by 71.9% in the fourth quarter. Bruderman Asset Management LLC now owns 3,697 shares of the conglomerate’s stock valued at $394,000 after purchasing an additional 1,546 shares in the last quarter. Guyasuta Investment Advisors Inc. lifted its holdings in shares of United Technologies by 21.5% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 12,280 shares of the conglomerate’s stock valued at $1,308,000 after purchasing an additional 2,177 shares in the last quarter. Truehand Inc bought a new position in shares of United Technologies in the fourth quarter valued at approximately $102,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of United Technologies by 19.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,369 shares of the conglomerate’s stock valued at $5,044,000 after purchasing an additional 7,561 shares in the last quarter. 80.79% of the stock is owned by institutional investors.

A number of analysts have recently commented on the stock. Zacks Investment Research cut shares of United Technologies from a “strong-buy” rating to a “hold” rating and set a $151.00 target price for the company. in a research note on Friday, July 19th. William Blair reissued a “hold” rating on shares of United Technologies in a research note on Monday, June 10th. Barclays boosted their target price on shares of United Technologies from $149.00 to $153.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $159.00 target price on shares of United Technologies in a research note on Wednesday, April 24th. Finally, Seaport Global Securities raised shares of United Technologies from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a research note on Monday, June 10th. Five investment analysts have rated the stock with a hold rating, twelve have given 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 target price of $152.21.

About United Technologies

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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Insider Buying and Selling by Quarter for United Technologies (NYSE:UTX)

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