YHB Investment Advisors Inc. Has $11.01 Million Stake in United Technologies Corporation (UTX)
YHB Investment Advisors Inc. increased its position in United Technologies Corporation (NYSE:UTX) by 5.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,170 shares of the conglomerate’s stock after purchasing an additional 4,823 shares during the quarter. United Technologies Corporation accounts for 1.9% of YHB Investment Advisors Inc.’s portfolio, making the stock its 11th largest position. YHB Investment Advisors Inc.’s holdings in United Technologies Corporation were worth $11,011,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Harbour Capital Advisors LLC raised its holdings in United Technologies Corporation by 11,652.2% in the second quarter. Harbour Capital Advisors LLC now owns 2,127,156 shares of the conglomerate’s stock valued at $17,420,000 after acquiring an additional 2,109,056 shares in the last quarter. Flossbach Von Storch AG raised its holdings in United Technologies Corporation by 95.6% in the second quarter. Flossbach Von Storch AG now owns 1,617,008 shares of the conglomerate’s stock valued at $197,453,000 after acquiring an additional 790,496 shares in the last quarter. Swiss National Bank raised its holdings in United Technologies Corporation by 25.2% in the first quarter. Swiss National Bank now owns 2,771,721 shares of the conglomerate’s stock valued at $311,015,000 after acquiring an additional 557,300 shares in the last quarter. American Century Companies Inc. raised its holdings in United Technologies Corporation by 15.8% in the first quarter. American Century Companies Inc. now owns 3,430,061 shares of the conglomerate’s stock valued at $384,887,000 after acquiring an additional 468,515 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in United Technologies Corporation in the first quarter valued at $40,211,000. Institutional investors and hedge funds own 78.78% of the company’s stock.
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Shares of United Technologies Corporation (UTX) opened at 118.72 on Friday. The firm has a market cap of $94.83 billion, a PE ratio of 18.08 and a beta of 1.05. United Technologies Corporation has a 12-month low of $97.62 and a 12-month high of $124.79. The company has a 50 day moving average of $115.21 and a 200-day moving average of $118.15.
United Technologies Corporation (NYSE:UTX) last issued its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.07. The company had revenue of $15.28 billion during the quarter, compared to analysts’ expectations of $15.24 billion. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $1.82 earnings per share. Equities research analysts forecast that United Technologies Corporation will post $6.57 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.70 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.36%. United Technologies Corporation’s payout ratio is presently 42.68%.
Several research firms recently issued reports on UTX. Royal Bank of Canada reaffirmed a “hold” rating and issued a $126.00 price target on shares of United Technologies Corporation in a report on Tuesday, October 10th. BidaskClub cut shares of United Technologies Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $126.00 price target on shares of United Technologies Corporation in a report on Friday, July 7th. Zacks Investment Research cut shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of United Technologies Corporation in a report on Thursday, July 27th. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. United Technologies Corporation presently has an average rating of “Hold” and a consensus target price of $125.27.
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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