North American Management Corp cut its holdings in United Technologies Co. (NYSE:UTX) by 5.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 187,515 shares of the conglomerate’s stock after selling 10,559 shares during the quarter. United Technologies makes up 4.3% of North American Management Corp’s holdings, making the stock its 4th biggest holding. North American Management Corp’s holdings in United Technologies were worth $26,216,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in UTX. Sun Life Financial INC boosted its stake in shares of United Technologies by 546.5% during the second quarter. Sun Life Financial INC now owns 6,265 shares of the conglomerate’s stock valued at $784,000 after purchasing an additional 5,296 shares in the last quarter. Pennsylvania Trust Co boosted its stake in shares of United Technologies by 0.4% during the third quarter. Pennsylvania Trust Co now owns 103,636 shares of the conglomerate’s stock valued at $14,489,000 after purchasing an additional 410 shares in the last quarter. Martin Investment Management LLC raised its position in shares of United Technologies by 2.3% during the second quarter. Martin Investment Management LLC now owns 89,070 shares of the conglomerate’s stock worth $11,136,000 after acquiring an additional 1,988 shares during the last quarter. Lcnb Corp raised its position in shares of United Technologies by 13.2% during the second quarter. Lcnb Corp now owns 8,185 shares of the conglomerate’s stock worth $1,023,000 after acquiring an additional 955 shares during the last quarter. Finally, Putnam Investments LLC raised its position in shares of United Technologies by 4.2% during the second quarter. Putnam Investments LLC now owns 48,245 shares of the conglomerate’s stock worth $6,032,000 after acquiring an additional 1,959 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the company. UBS Group assumed coverage on United Technologies in a research report on Wednesday, August 15th. They set a “buy” rating for the company. ValuEngine upgraded United Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. Zacks Investment Research downgraded United Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Wolfe Research assumed coverage on United Technologies in a research report on Wednesday, June 27th. They set an “outperform” rating for the company. Finally, Jefferies Financial Group set a $157.00 price objective on United Technologies and gave the stock a “buy” rating in a research report on Tuesday, July 10th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. United Technologies presently has an average rating of “Buy” and an average price target of $149.70.

Shares of UTX opened at $128.68 on Friday. United Technologies Co. has a 1 year low of $115.40 and a 1 year high of $144.15. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.82. The stock has a market cap of $104.07 billion, a PE ratio of 19.35, a P/E/G ratio of 1.97 and a beta of 0.98.

United Technologies (NYSE:UTX) last issued 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 business had revenue of $16.71 billion during the quarter, compared to the consensus estimate of $16.26 billion. United Technologies had a return on equity of 17.53% and a net margin of 8.09%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.85 earnings per share. On average, research analysts anticipate that United Technologies Co. will post 7.23 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be issued a $0.735 dividend. This is an increase from United Technologies’s previous quarterly dividend of $0.70. This represents a $2.94 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Thursday, November 15th. United Technologies’s payout ratio is presently 42.11%.

In other United Technologies news, VP Charles D. Gill sold 14,255 shares of United Technologies stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $136.43, for a total value of $1,944,809.65. Following the completion of the sale, the vice president now directly owns 55,029 shares in the company, valued at $7,507,606.47. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Robert J. Bailey sold 828 shares of United Technologies stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $134.75, for a total value of $111,573.00. Following the completion of the sale, the vice president now owns 2,000 shares of the company’s stock, valued at $269,500. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,511 shares of company stock valued at $2,521,974. 0.17% of the stock is currently owned by corporate insiders.

United Technologies Company 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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