Fisher Asset Management LLC lifted its holdings in United Technologies Co. (NYSE:UTX) by 0.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,672,217 shares of the conglomerate’s stock after acquiring an additional 3,625 shares during the period. Fisher Asset Management LLC owned 0.46% of United Technologies worth $426,271,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in United Technologies by 1.6% during the second quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock valued at $6,693,250,000 after buying an additional 848,623 shares during the last quarter. BlackRock Inc. boosted its stake in United Technologies by 0.3% during the second quarter. BlackRock Inc. now owns 44,095,986 shares of the conglomerate’s stock valued at $5,384,561,000 after buying an additional 133,036 shares during the last quarter. FMR LLC boosted its stake in United Technologies by 13.2% during the second quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock valued at $2,514,316,000 after buying an additional 2,401,795 shares during the last quarter. Capital Research Global Investors boosted its stake in United Technologies by 3.6% during the second quarter. Capital Research Global Investors now owns 8,779,642 shares of the conglomerate’s stock valued at $1,072,082,000 after buying an additional 304,989 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in United Technologies by 2.6% during the second quarter. The Manufacturers Life Insurance Company now owns 4,710,878 shares of the conglomerate’s stock valued at $575,246,000 after buying an additional 119,063 shares during the last quarter. 80.20% of the stock is owned by hedge funds and other institutional investors.

Shares of United Technologies Co. (UTX) opened at $126.71 on Tuesday. United Technologies Co. has a 52-week low of $106.85 and a 52-week high of $127.54. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.31. The stock has a market capitalization of $100,755.58, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 2.27 and a beta of 1.07.

United Technologies (NYSE:UTX) last issued its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. United Technologies had a return on equity of 17.66% and a net margin of 8.79%. The business had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the prior year, the business posted $1.76 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. equities research analysts predict that United Technologies Co. will post 6.61 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 10th. Stockholders of record on Friday, November 17th were issued a $0.70 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.80 annualized dividend and a dividend yield of 2.21%. United Technologies’s payout ratio is 43.41%.

In other news, VP Robert J. Bailey sold 636 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $124.35, for a total value of $79,086.60. Following the sale, the vice president now directly owns 1,500 shares in the company, valued at $186,525. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Akhil Johri sold 5,979 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $121.03, for a total value of $723,638.37. Following the completion of the sale, the vice president now owns 23,295 shares in the company, valued at $2,819,393.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,466 shares of company stock worth $2,019,274. Company insiders own 0.16% of the company’s stock.

A number of brokerages recently commented on UTX. Royal Bank of Canada reissued a “hold” rating and set a $126.00 price target on shares of United Technologies in a research note on Tuesday, October 10th. Jefferies Group reissued a “buy” rating and set a $139.00 price target on shares of United Technologies in a research note on Tuesday, August 29th. Cowen reissued a “hold” rating and set a $120.00 price target on shares of United Technologies in a research note on Friday, November 10th. Atlantic Securities upgraded United Technologies from a “neutral” rating to an “overweight” rating in a research report on Tuesday, December 5th. Finally, Zacks Investment Research upgraded United Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. United Technologies currently has a consensus rating of “Hold” and a consensus price target of $125.63.

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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.

Institutional Ownership by Quarter for United Technologies (NYSE:UTX)

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