Sentry Investment Management LLC Has $7.13 Million Position in United Technologies Co. (UTX)
Sentry Investment Management LLC lessened its holdings in United Technologies Co. (NYSE:UTX) by 0.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,358 shares of the conglomerate’s stock after selling 49 shares during the quarter. Sentry Investment Management LLC’s holdings in United Technologies were worth $7,126,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Tortoise Investment Management LLC increased its position in shares of United Technologies by 5.3% in the second quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock valued at $117,000 after acquiring an additional 48 shares during the period. Seven Bridges Advisors LLC purchased a new position in shares of United Technologies in the second quarter valued at about $120,000. Winfield Associates Inc. increased its position in shares of United Technologies by 2.9% in the second quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock valued at $126,000 after acquiring an additional 29 shares during the period. Shine Investment Advisory Services Inc. purchased a new position in shares of United Technologies in the second quarter valued at about $131,000. Finally, Alexandria Capital LLC increased its position in shares of United Technologies by 0.3% in the second quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock valued at $132,000 after acquiring an additional 3 shares during the period. Institutional investors own 80.20% of the company’s stock.
A number of equities analysts have issued reports on UTX shares. Bank of America restated a “buy” rating and issued a $140.00 price objective on shares of United Technologies in a research report on Wednesday, September 6th. Cowen restated a “buy” rating and issued a $127.00 price objective on shares of United Technologies in a research report on Tuesday, September 5th. Jefferies Group restated a “buy” rating and issued a $139.00 price objective on shares of United Technologies in a research report on Tuesday, August 29th. Royal Bank of Canada restated a “hold” rating and issued a $126.00 price objective on shares of United Technologies in a research report on Tuesday, October 10th. Finally, Deutsche Bank decreased their price objective on shares of United Technologies from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Wednesday, September 6th. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. United Technologies presently has an average rating of “Hold” and a consensus price target of $125.63.
In related news, VP Robert J. Bailey sold 827 shares of the business’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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Akhil Johri sold 5,979 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $121.03, for a total transaction of $723,638.37. Following the sale, the vice president now directly owns 23,295 shares in the company, valued at approximately $2,819,393.85. The disclosure for this sale can be found here. Insiders have sold 10,625 shares of company stock worth $1,284,696 in the last three months. 0.16% of the stock is currently owned by insiders.
Shares of United Technologies Co. (UTX) traded up $2.52 on Friday, hitting $126.28. 2,866,420 shares of the stock were exchanged, compared to its average volume of 3,049,803. United Technologies Co. has a 52-week low of $106.85 and a 52-week high of $124.87. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91. The company has a market cap of $99,262.25, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 2.24 and a beta of 1.07.
United Technologies (NYSE:UTX) last posted its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, topping the consensus estimate of $1.68 by $0.05. United Technologies had a net margin of 8.79% and a return on equity of 17.66%. The business had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same quarter in the previous year, the firm posted $1.76 earnings per share. United Technologies’s quarterly revenue was up 4.9% on a year-over-year basis. sell-side analysts expect that United Technologies Co. will post 6.61 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 10th. Investors of record on Friday, November 17th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Thursday, November 16th. United Technologies’s payout ratio is currently 43.41%.
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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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