United Technologies Corporation (UTX) Shares Bought by SNS Financial Group LLC
SNS Financial Group LLC increased its stake in shares of United Technologies Corporation (NYSE:UTX) by 0.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,132 shares of the conglomerate’s stock after purchasing an additional 1 shares during the period. SNS Financial Group LLC’s holdings in United Technologies Corporation were worth $261,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of UTX. Harbour Capital Advisors LLC lifted its holdings in United Technologies Corporation by 11,652.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,127,156 shares of the conglomerate’s stock worth $17,420,000 after buying an additional 2,109,056 shares in the last quarter. Flossbach Von Storch AG lifted its holdings in United Technologies Corporation by 95.6% during the 2nd quarter. Flossbach Von Storch AG now owns 1,617,008 shares of the conglomerate’s stock worth $197,453,000 after buying an additional 790,496 shares in the last quarter. Swiss National Bank lifted its holdings in United Technologies Corporation by 25.2% during the 1st quarter. Swiss National Bank now owns 2,771,721 shares of the conglomerate’s stock worth $311,015,000 after buying an additional 557,300 shares in the last quarter. Karp Capital Management Corp acquired a new stake in United Technologies Corporation during the 1st quarter worth approximately $40,211,000. Finally, UBS Asset Management Americas Inc. lifted its holdings in United Technologies Corporation by 11.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 2,858,758 shares of the conglomerate’s stock worth $320,781,000 after buying an additional 301,484 shares in the last quarter. 78.33% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Michael R. Dumais sold 2,986 shares of United Technologies Corporation stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $120.98, for a total transaction of $361,246.28. Following the sale, the executive vice president now directly owns 27,548 shares in the company, valued at approximately $3,332,757.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is owned by company insiders.
Shares of United Technologies Corporation (UTX) traded up $0.18 on Friday, hitting $116.91. 1,490,000 shares of the stock were exchanged, compared to its average volume of 2,545,281. United Technologies Corporation has a fifty-two week low of $106.85 and a fifty-two week high of $124.79. The firm has a market cap of $93,217.07, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 2.10 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91.
United Technologies Corporation (NYSE:UTX) last announced its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.05. United Technologies Corporation had a net margin of 8.79% and a return on equity of 17.66%. The firm had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same period last year, the business earned $1.76 EPS. United Technologies Corporation’s revenue for the quarter was up 4.9% compared to the same quarter last year. equities research analysts expect that United Technologies Corporation will post 6.61 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Friday, November 17th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.80 annualized dividend and a yield of 2.40%. United Technologies Corporation’s dividend payout ratio is currently 43.41%.
UTX has been the topic of a number of research reports. Zacks Investment Research upgraded shares of United Technologies Corporation from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Cowen Inc reiterated a “buy” rating and set a $127.00 target price on shares of United Technologies Corporation in a report on Tuesday, September 5th. Credit Suisse Group reiterated a “neutral” rating on shares of United Technologies Corporation in a report on Friday, September 1st. BidaskClub lowered shares of United Technologies Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $139.00 target price on shares of United Technologies Corporation in a report on Tuesday, August 29th. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $125.15.
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About United Technologies Corporation
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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