Nomura Asset Management Co. Ltd. boosted its position in shares of United Technologies Co. (NYSE:UTX) by 2.5% in the second quarter, Holdings Channel reports. The institutional investor owned 154,527 shares of the conglomerate’s stock after acquiring an additional 3,816 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in United Technologies were worth $19,321,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its position in United Technologies by 0.9% during the 1st quarter. BlackRock Inc. now owns 47,285,799 shares of the conglomerate’s stock valued at $5,949,501,000 after purchasing an additional 435,497 shares during the period. Boston Partners increased its position in United Technologies by 25.0% during the 2nd quarter. Boston Partners now owns 6,752,295 shares of the conglomerate’s stock valued at $844,240,000 after purchasing an additional 1,349,539 shares during the period. Fisher Asset Management LLC increased its position in United Technologies by 3.8% during the 2nd quarter. Fisher Asset Management LLC now owns 4,086,665 shares of the conglomerate’s stock valued at $510,956,000 after purchasing an additional 150,259 shares during the period. Dimensional Fund Advisors LP increased its position in United Technologies by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,088,587 shares of the conglomerate’s stock valued at $388,606,000 after purchasing an additional 10,437 shares during the period. Finally, Fiera Capital Corp increased its position in United Technologies by 4.2% during the 2nd quarter. Fiera Capital Corp now owns 2,949,061 shares of the conglomerate’s stock valued at $368,721,000 after purchasing an additional 120,033 shares during the period. Institutional investors own 81.77% of the company’s stock.

In related news, VP Robert J. Bailey sold 828 shares of the stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $134.75, for a total transaction of $111,573.00. Following the sale, the vice president now directly owns 2,000 shares of the company’s stock, valued at approximately $269,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Charles D. Gill sold 14,255 shares of the stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $136.43, for a total transaction of $1,944,809.65. Following the sale, the vice president now directly owns 55,029 shares in the company, valued at $7,507,606.47. The disclosure for this sale can be found here. Insiders sold a total of 18,511 shares of company stock worth $2,521,974 over the last ninety days. Insiders own 0.17% of the company’s stock.

UTX has been the topic of a number of research analyst reports. Morgan Stanley initiated coverage on shares of United Technologies in a research report on Friday, June 15th. They set an “overweight” rating and a $160.00 price objective on the stock. Jefferies Financial Group set a $157.00 price objective on shares of United Technologies and gave the company a “buy” rating in a research report on Tuesday, July 10th. Zacks Investment Research raised shares of United Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, April 26th. Daiwa Capital Markets raised shares of United Technologies from a “hold” rating to an “outperform” rating in a research report on Tuesday, May 8th. Finally, Wolfe Research assumed coverage on shares of United Technologies in a research report on Wednesday, June 27th. They issued an “outperform” rating on the stock. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $142.17.

NYSE:UTX opened at $135.14 on Tuesday. The stock has a market capitalization of $106.49 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 2.02 and a beta of 1.05. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.82. United Technologies Co. has a 1-year low of $109.10 and a 1-year high of $139.24.

United Technologies (NYSE:UTX) last released its earnings results on Tuesday, July 24th. The conglomerate reported $1.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.12. The firm had revenue of $16.71 billion for the quarter, compared to the consensus estimate of $16.26 billion. United Technologies had a net margin of 8.09% and a return on equity of 17.53%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.85 EPS. analysts forecast that United Technologies Co. will post 7.22 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Friday, August 17th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, August 16th. United Technologies’s dividend payout ratio is presently 42.11%.

United Technologies Profile

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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