Aperio Group LLC Acquires 17,187 Shares of United Technologies Co. (UTX)
Aperio Group LLC grew its holdings in United Technologies Co. (NYSE:UTX) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 407,736 shares of the conglomerate’s stock after buying an additional 17,187 shares during the quarter. Aperio Group LLC owned 0.05% of United Technologies worth $47,330,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. increased its position in shares of United Technologies by 3.7% during the 1st quarter. Ameriprise Financial Inc. now owns 3,544,737 shares of the conglomerate’s stock worth $397,774,000 after purchasing an additional 125,003 shares in the last quarter. Toronto Dominion Bank increased its position in shares of United Technologies by 39.0% during the 1st quarter. Toronto Dominion Bank now owns 239,640 shares of the conglomerate’s stock worth $26,899,000 after purchasing an additional 67,222 shares in the last quarter. Pioneer Investment Management Inc. increased its position in shares of United Technologies by 2.1% during the 1st quarter. Pioneer Investment Management Inc. now owns 1,223,811 shares of the conglomerate’s stock worth $137,324,000 after purchasing an additional 25,625 shares in the last quarter. Asset Planning Services Inc. LA ADV grew its holdings in United Technologies by 0.3% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 33,071 shares of the conglomerate’s stock worth $3,711,000 after acquiring an additional 90 shares during the last quarter. Finally, Thompson Davis & CO. Inc. grew its holdings in United Technologies by 22.9% during the 1st quarter. Thompson Davis & CO. Inc. now owns 1,338 shares of the conglomerate’s stock worth $150,000 after acquiring an additional 249 shares during the last quarter. Institutional investors own 80.07% of the company’s stock.
UTX has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of United Technologies from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Cowen lowered shares of United Technologies from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $127.00 to $120.00 in a report on Wednesday, September 6th. Bank of America reissued a “buy” rating and set a $140.00 price objective on shares of United Technologies in a report on Wednesday, September 6th. Jefferies Group reissued a “buy” rating and set a $139.00 price objective on shares of United Technologies in a report on Tuesday, August 29th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of United Technologies in a report on Friday, September 1st. Fourteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $125.63.
United Technologies Co. (UTX) opened at $127.23 on Monday. The stock has a market cap of $101,665.94, a PE ratio of 19.73, a PEG ratio of 2.29 and a beta of 1.07. 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 Co. has a one year low of $106.85 and a one year high of $127.89.
United Technologies (NYSE:UTX) last issued its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.05. The company had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. United Technologies had a net margin of 8.79% and a return on equity of 17.66%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.76 EPS. sell-side analysts expect that United Technologies Co. will post 6.61 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Sunday, December 10th. Stockholders of record on Friday, November 17th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Thursday, November 16th. United Technologies’s dividend payout ratio (DPR) is presently 43.41%.
In other news, VP Akhil Johri sold 5,979 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $121.03, for a total value of $723,638.37. Following the transaction, the vice president now owns 23,295 shares of the company’s stock, valued at approximately $2,819,393.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert J. Bailey sold 827 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $118.06, for a total transaction of $97,635.62. The disclosure for this sale can be found here. Insiders sold a total of 16,466 shares of company stock worth $2,019,274 in the last ninety days. Insiders own 0.16% of the company’s stock.
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United Technologies 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.
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