Lee Capital Holdings LLC bought a new stake in shares of United Technologies Co. (NYSE:UTX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,500 shares of the conglomerate’s stock, valued at approximately $629,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Credit Agricole S A increased its position in shares of United Technologies by 101.4% during the 2nd quarter. Credit Agricole S A now owns 866 shares of the conglomerate’s stock valued at $109,000 after purchasing an additional 436 shares during the last quarter. Psagot Investment House Ltd. purchased a new stake in shares of United Technologies during the 3rd quarter valued at about $134,000. Fort L.P. purchased a new stake in shares of United Technologies during the 2nd quarter valued at about $120,000. Adalta Capital Management LLC purchased a new stake in shares of United Technologies during the 2nd quarter valued at about $163,000. Finally, Kiley Juergens Wealth Management LLC increased its position in shares of United Technologies by 42.6% during the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 1,453 shares of the conglomerate’s stock valued at $203,000 after purchasing an additional 434 shares during the last quarter. Institutional investors and hedge funds own 82.10% of the company’s stock.

Several research firms have recently commented on UTX. Robert W. Baird reduced their price target on shares of United Technologies from $167.00 to $149.00 and set an “outperform” rating for the company in a research report on Wednesday, November 28th. Bank of America set a $180.00 price target on shares of United Technologies and gave the company a “buy” rating in a research report on Tuesday, November 27th. UBS Group raised shares of United Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. Jefferies Financial Group set a $148.00 price target on shares of United Technologies and gave the company a “buy” rating in a research report on Tuesday, November 27th. Finally, Wolfe Research set a $147.00 price target on shares of United Technologies and gave the company a “buy” rating in a research report on Monday, November 26th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $151.58.

United Technologies stock opened at $120.87 on Wednesday. The company has a market capitalization of $97.59 billion, a P/E ratio of 18.18, a PEG ratio of 1.88 and a beta of 1.07. United Technologies Co. has a 12-month low of $115.40 and a 12-month high of $144.15. The company has a quick ratio of 1.17, a current ratio of 1.52 and a debt-to-equity ratio of 1.12.

United Technologies (NYSE:UTX) last released its earnings results on Tuesday, October 23rd. The conglomerate reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.11. The company had revenue of $16.51 billion during the quarter, compared to analyst estimates of $16.10 billion. United Technologies had a net margin of 7.76% and a return on equity of 17.70%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.73 EPS. Analysts forecast that United Technologies Co. will post 7.18 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be issued a $0.735 dividend. This represents a $2.94 annualized dividend and a yield of 2.43%. This is a positive change from United Technologies’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, November 15th. United Technologies’s dividend payout ratio is currently 44.21%.

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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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Institutional Ownership by Quarter for United Technologies (NYSE:UTX)

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