United Technologies Co. (UTX) Holdings Reduced by Moreno Evelyn V
Moreno Evelyn V reduced its stake in United Technologies Co. (NYSE:UTX) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,336 shares of the conglomerate’s stock after selling 2,785 shares during the period. United Technologies accounts for about 2.0% of Moreno Evelyn V’s holdings, making the stock its 23rd biggest position. Moreno Evelyn V’s holdings in United Technologies were worth $6,676,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Stephens Inc. AR boosted its holdings in shares of United Technologies by 5.9% in the fourth quarter. Stephens Inc. AR now owns 42,471 shares of the conglomerate’s stock valued at $5,418,000 after acquiring an additional 2,348 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of United Technologies by 19.2% during the third quarter. Victory Capital Management Inc. now owns 42,601 shares of the conglomerate’s stock worth $4,945,000 after purchasing an additional 6,853 shares during the period. Factory Mutual Insurance Co. lifted its holdings in shares of United Technologies by 1.7% during the fourth quarter. Factory Mutual Insurance Co. now owns 633,952 shares of the conglomerate’s stock worth $80,873,000 after purchasing an additional 10,300 shares during the period. Bridgewater Associates LP acquired a new stake in shares of United Technologies during the second quarter worth $2,201,000. Finally, California Capital Advisors Inc. acquired a new stake in shares of United Technologies during the third quarter worth $267,000. Institutional investors own 81.86% of the company’s stock.
In other United Technologies news, VP Robert J. Bailey sold 2,032 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $134.95, for a total value of $274,218.40. Following the completion of the sale, the vice president now owns 4,900 shares of the company’s stock, valued at $661,255. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.16% of the stock is currently owned by company insiders.
United Technologies (NYSE:UTX) last released its earnings results on Wednesday, January 24th. The conglomerate reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.04. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $15.34 billion. During the same quarter last year, the company earned $1.56 earnings per share. United Technologies’s quarterly revenue was up 7.0% compared to the same quarter last year. equities research analysts expect that United Technologies Co. will post 7.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Shareholders of record on Friday, February 16th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Thursday, February 15th. United Technologies’s dividend payout ratio (DPR) is currently 49.12%.
Several equities research analysts recently weighed in on the company. ValuEngine raised United Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $146.00 price target (up from $124.00) on shares of United Technologies in a report on Thursday, January 25th. Cowen reaffirmed a “hold” rating and set a $141.00 price target on shares of United Technologies in a report on Thursday, January 25th. UBS assumed coverage on United Technologies in a report on Tuesday, January 23rd. They set a “buy” rating and a $158.00 price target for the company. Finally, Goldman Sachs raised United Technologies from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $137.00.
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About United Technologies
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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