Reilly Herbert Faulkner III Maintains Holdings in United Technologies Corporation (UTX)
Reilly Herbert Faulkner III maintained its position in United Technologies Corporation (NYSE:UTX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,567 shares of the conglomerate’s stock at the end of the second quarter. Reilly Herbert Faulkner III’s holdings in United Technologies Corporation were worth $313,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Tortoise Investment Management LLC grew its position in United Technologies Corporation by 5.3% in the second quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock worth $117,000 after buying an additional 48 shares during the last quarter. Seven Bridges Advisors LLC acquired a new position in United Technologies Corporation in the second quarter worth approximately $120,000. Winfield Associates Inc. grew its position in United Technologies Corporation by 2.9% in the second quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock worth $126,000 after buying an additional 29 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in United Technologies Corporation in the second quarter worth approximately $131,000. Finally, Alexandria Capital LLC grew its position in United Technologies Corporation by 0.3% in the second quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock worth $132,000 after buying an additional 3 shares during the last quarter. Institutional investors and hedge funds own 78.81% of the company’s stock.
In related news, EVP Michael R. Dumais sold 2,986 shares of United Technologies Corporation stock in a transaction 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 sale, the executive vice president now owns 27,548 shares of the company’s stock, valued at approximately $3,332,757.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by insiders.
Several research analysts have issued reports on the stock. Sanford C. Bernstein restated a “market perform” rating and issued a $135.00 price target (up previously from $130.00) on shares of United Technologies Corporation in a research report on Friday, July 21st. Vertical Research lowered shares of United Technologies Corporation from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Tuesday, September 5th. Deutsche Bank AG decreased their price target on shares of United Technologies Corporation from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Wednesday, September 6th. BidaskClub lowered shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $136.00 price objective on shares of United Technologies Corporation in a research report on Wednesday, July 26th. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. United Technologies Corporation presently has an average rating of “Hold” and an average price target of $125.15.
Shares of United Technologies Corporation (NYSE UTX) opened at $118.11 on Friday. The stock has a market cap of $96,051.99, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 2.17 and a beta of 1.07. United Technologies Corporation has a 52 week low of $106.21 and a 52 week 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.
United Technologies Corporation (NYSE:UTX) last issued its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. The company had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. United Technologies Corporation 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 business posted $1.76 EPS. equities research analysts expect that United Technologies Corporation will post 6.61 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Friday, November 17th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Thursday, November 16th. United Technologies Corporation’s payout ratio is presently 43.41%.
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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.
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