Private Vista LLC Invests $192,000 in United Technologies Corporation (UTX)
Private Vista LLC acquired a new position in shares of United Technologies Corporation (NYSE:UTX) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,958 shares of the conglomerate’s stock, valued at approximately $192,000.
Other large investors also recently bought and sold shares of the company. Seminole Management Co. Inc. acquired a new stake in United Technologies Corporation during the 1st quarter worth approximately $4,398,000. Usca Ria LLC lifted its holdings in United Technologies Corporation by 12.1% during the 1st quarter. Usca Ria LLC now owns 14,532 shares of the conglomerate’s stock worth $1,631,000 after buying an additional 1,572 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its holdings in United Technologies Corporation by 14.3% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock worth $112,000 after buying an additional 125 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in United Technologies Corporation by 5.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 4,351 shares of the conglomerate’s stock worth $488,000 after buying an additional 210 shares in the last quarter. Finally, Welch Investments LLC lifted its holdings in United Technologies Corporation by 6.3% during the 1st quarter. Welch Investments LLC now owns 36,536 shares of the conglomerate’s stock worth $4,100,000 after buying an additional 2,167 shares in the last quarter. 78.87% of the stock is owned by hedge funds and other institutional investors.
Shares of United Technologies Corporation (NYSE:UTX) opened at $121.07 on Friday. United Technologies Corporation has a one year low of $100.74 and a one year high of $124.79. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.31. The company has a market cap of $96,682.87, a price-to-earnings ratio of 18.29, a P/E/G ratio of 2.18 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 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $14.99 billion. During the same period last year, the business earned $1.76 EPS. United Technologies Corporation’s revenue for the quarter was up 4.9% compared to the same quarter last year. analysts predict that United Technologies Corporation will post 6.61 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Friday, November 17th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.80 annualized dividend and a yield of 2.31%. United Technologies Corporation’s dividend payout ratio is currently 43.41%.
UTX has been the topic of a number of research reports. UBS AG increased their target price on shares of United Technologies Corporation to $135.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Morgan Stanley reiterated an “overweight” rating and set a $138.00 target price (up from $132.00) on shares of United Technologies Corporation in a report on Monday, July 10th. Zacks Investment Research lowered shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. BidaskClub lowered shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $135.00 target price (up from $130.00) on shares of United Technologies Corporation in a report on Friday, July 21st. Fourteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $125.15.
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About United Technologies Corporation
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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