Usca Ria LLC lowered its holdings in United Technologies Co. (NYSE:UTX) by 56.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,878 shares of the conglomerate’s stock after selling 16,993 shares during the quarter. Usca Ria LLC’s holdings in United Technologies were worth $1,620,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of UTX. Viking Global Investors LP raised its stake in shares of United Technologies by 42.7% during the 4th quarter. Viking Global Investors LP now owns 5,963,163 shares of the conglomerate’s stock worth $760,721,000 after acquiring an additional 1,784,355 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of United Technologies by 3,794.3% during the 4th quarter. Mackenzie Financial Corp now owns 1,617,082 shares of the conglomerate’s stock worth $206,291,000 after acquiring an additional 1,575,558 shares in the last quarter. Stifel Financial Corp raised its stake in shares of United Technologies by 14,827.8% during the 3rd quarter. Stifel Financial Corp now owns 1,079,875 shares of the conglomerate’s stock worth $125,442,000 after acquiring an additional 1,072,641 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in shares of United Technologies by 70.5% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,407,472 shares of the conglomerate’s stock worth $307,122,000 after acquiring an additional 995,075 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of United Technologies by 1.8% during the 4th quarter. BlackRock Inc. now owns 46,850,302 shares of the conglomerate’s stock worth $5,976,695,000 after acquiring an additional 822,595 shares in the last quarter. Institutional investors and hedge funds own 82.20% of the company’s stock.

UTX has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of United Technologies from $157.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. UBS set a $155.00 price objective on shares of United Technologies and gave the stock a “buy” rating in a research note on Thursday, March 15th. Sanford C. Bernstein reiterated a “positive” rating and set a $153.00 price objective (up previously from $135.00) on shares of United Technologies in a research note on Tuesday, January 30th. Daiwa Capital Markets upgraded shares of United Technologies from a “hold” rating to an “outperform” rating in a research note on Tuesday, May 8th. Finally, Zacks Investment Research upgraded shares of United Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, April 26th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $137.64.

NYSE:UTX opened at $127.87 on Wednesday. The company has a market cap of $102.45 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 1.98 and a beta of 1.09. United Technologies Co. has a twelve month low of $109.10 and a twelve month high of $139.24. The company has a current ratio of 1.32, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

United Technologies (NYSE:UTX) last released its earnings results on Tuesday, April 24th. The conglomerate reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.26. The company had revenue of $15.24 billion for the quarter, compared to the consensus estimate of $14.62 billion. United Technologies had a net margin of 7.28% and a return on equity of 17.67%. United Technologies’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.48 EPS. equities research analysts expect that United Technologies Co. will post 7.13 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 10th. Stockholders of record on Friday, May 18th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Thursday, May 17th. United Technologies’s dividend payout ratio (DPR) is currently 42.11%.

In other news, insider Robert J. Mcdonough sold 10,770 shares of the company’s stock in a transaction on Wednesday, May 2nd. The shares were sold at an average price of $119.09, for a total value of $1,282,599.30. Following the sale, the insider now directly owns 40,612 shares of the company’s stock, valued at approximately $4,836,483.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert J. Bailey sold 419 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $133.73, for a total transaction of $56,032.87. The disclosure for this sale can be found here. Insiders sold a total of 19,778 shares of company stock worth $2,425,001 over the last ninety days. Insiders own 0.17% of the company’s stock.

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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