Budros Ruhlin & Roe Inc. Holds Stake in United Technologies Corporation (UTX)
Budros Ruhlin & Roe Inc. continued to hold its stake in United Technologies Corporation (NYSE:UTX) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,412 shares of the conglomerate’s stock at the close of the 2nd quarter. Budros Ruhlin & Roe Inc.’s holdings in United Technologies Corporation were worth $539,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Tortoise Investment Management LLC lifted its holdings in shares of United Technologies Corporation by 5.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock worth $117,000 after acquiring an additional 48 shares during the period. Seven Bridges Advisors LLC bought a new stake in shares of United Technologies Corporation during the 2nd quarter worth approximately $120,000. Winfield Associates Inc. lifted its holdings in shares of United Technologies Corporation by 2.9% during the 2nd quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock worth $126,000 after acquiring an additional 29 shares during the period. Shine Investment Advisory Services Inc. bought a new stake in shares of United Technologies Corporation during the 2nd quarter worth approximately $131,000. Finally, Alexandria Capital LLC lifted its holdings in shares of United Technologies Corporation by 0.3% during the 2nd quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock worth $132,000 after acquiring an additional 3 shares during the period. 78.33% of the stock is owned by institutional investors.
UTX has been the subject of a number of recent analyst reports. Cowen and Company reaffirmed a “buy” rating and set a $127.00 price target on shares of United Technologies Corporation in a report on Tuesday, July 25th. Credit Suisse Group reaffirmed a “buy” rating and set a $136.00 price target on shares of United Technologies Corporation in a report on Wednesday, July 26th. Jefferies Group LLC reaffirmed a “buy” rating on shares of United Technologies Corporation in a report on Thursday, July 27th. BidaskClub downgraded shares of United Technologies Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $125.00 price target on shares of United Technologies Corporation in a report on Sunday, August 13th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $125.15.
In other United Technologies Corporation news, EVP Michael R. Dumais sold 2,986 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $120.98, for a total value of $361,246.28. Following the completion of the transaction, the executive vice president now directly owns 27,548 shares in the company, valued at approximately $3,332,757.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.16% of the company’s stock.
United Technologies Corporation (NYSE UTX) opened at $116.38 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91. United Technologies Corporation has a 12-month low of $106.21 and a 12-month high of $124.79. The stock has a market cap of $93,057.35, a P/E ratio of 17.60, a price-to-earnings-growth ratio of 2.10 and a beta of 1.07.
United Technologies Corporation (NYSE:UTX) last announced its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.05. United Technologies Corporation had a net margin of 8.79% and a return on equity of 17.66%. The firm had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. During the same period in the prior year, the company posted $1.76 EPS. The company’s revenue was up 4.9% on a year-over-year basis. equities research analysts predict that United Technologies Corporation will post 6.61 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Friday, November 17th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, November 16th. United Technologies Corporation’s dividend payout ratio (DPR) is currently 43.41%.
United Technologies Corporation Profile
United Technologies Corporation is engaged in providing high technology products and services to the building systems and aerospace industries around the world. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. Otis operates as an elevator and escalator manufacturing, installation and service company.
Receive News & Ratings for United Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Technologies Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.