4,766 Shares in United Technologies Corporation (UTX) Acquired by Quantitative Systematic Strategies LLC
Quantitative Systematic Strategies LLC purchased a new position in shares of United Technologies Corporation (NYSE:UTX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,766 shares of the conglomerate’s stock, valued at approximately $580,000.
Other large investors have also added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. increased its stake in shares of United Technologies Corporation by 14.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock valued at $112,000 after buying an additional 125 shares in the last quarter. Alexandria Capital LLC increased its stake in shares of United Technologies Corporation by 0.4% in the first quarter. Alexandria Capital LLC now owns 1,075 shares of the conglomerate’s stock valued at $121,000 after buying an additional 4 shares in the last quarter. Paragon Capital Management Ltd purchased a new stake in shares of United Technologies Corporation during the first quarter valued at $139,000. Exane Derivatives purchased a new stake in shares of United Technologies Corporation during the second quarter valued at $141,000. Finally, Thompson Davis & CO. Inc. increased its stake in shares of United Technologies Corporation by 22.9% in the first quarter. Thompson Davis & CO. Inc. now owns 1,338 shares of the conglomerate’s stock valued at $150,000 after buying an additional 249 shares in the last quarter. 78.85% of the stock is currently owned by institutional investors.
Shares of United Technologies Corporation (NYSE UTX) traded down 0.072% on Wednesday, reaching $118.615. 2,403,244 shares of the company’s stock traded hands. The firm has a market capitalization of $94.75 billion, a P/E ratio of 18.068 and a beta of 1.06. The firm’s 50 day moving average is $119.55 and its 200 day moving average is $117.36. United Technologies Corporation has a 52 week low of $97.62 and a 52 week high of $124.79. United Technologies Corporation also was the target of some unusual options trading on Tuesday. Investors bought 9,806 call options on the stock. This represents an increase of 461% compared to the average volume of 1,748 call options.
United Technologies Corporation (NYSE:UTX) last announced its earnings results on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, beating the consensus estimate of $1.78 by $0.07. The business had revenue of $15.28 billion for the quarter, compared to the consensus estimate of $15.24 billion. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the business posted $1.82 EPS. Analysts expect that United Technologies Corporation will post $6.58 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Friday, August 18th will be issued a dividend of $0.70 per share. This is an increase from United Technologies Corporation’s previous quarterly dividend of $0.66. This represents a $2.80 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Wednesday, August 16th. United Technologies Corporation’s dividend payout ratio (DPR) is presently 42.68%.
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Several equities research analysts have recently weighed in on the stock. BidaskClub raised shares of United Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Royal Bank Of Canada reissued a “hold” rating and issued a $125.00 target price on shares of United Technologies Corporation in a research note on Friday, June 2nd. Sanford C. Bernstein reissued a “market perform” rating and issued a $135.00 target price (up previously from $130.00) on shares of United Technologies Corporation in a research note on Friday, July 21st. Zacks Investment Research raised shares of United Technologies Corporation from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a research note on Monday, June 5th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $136.00 target price on shares of United Technologies Corporation in a research note on Wednesday, July 26th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $123.95.
United Technologies Corporation Company 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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