Community Bank & Trust Waco Texas raised its holdings in shares of United Technologies Co. (NYSE:UTX) by 92.8% during the 4th quarter, Holdings Channel reports. The firm owned 4,695 shares of the conglomerate’s stock after acquiring an additional 2,260 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in United Technologies were worth $599,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Knowledge Leaders Capital LLC purchased a new stake in United Technologies during the third quarter valued at about $105,000. Tortoise Investment Management LLC lifted its holdings in United Technologies by 5.3% during the second quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock valued at $117,000 after purchasing an additional 48 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in United Technologies during the third quarter valued at about $118,000. Thompson Davis & CO. Inc. lifted its holdings in United Technologies by 750.4% during the third quarter. Thompson Davis & CO. Inc. now owns 1,080 shares of the conglomerate’s stock valued at $125,000 after purchasing an additional 953 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in United Technologies by 3.8% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,090 shares of the conglomerate’s stock valued at $133,000 after purchasing an additional 40 shares during the last quarter. 79.87% of the stock is currently owned by institutional investors and hedge funds.
United Technologies Co. (NYSE UTX) opened at $129.26 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.35 and a quick ratio of 0.94. The firm has a market cap of $103,380.00, a P/E ratio of 19.70, a P/E/G ratio of 2.14 and a beta of 1.08. United Technologies Co. has a 52-week low of $107.05 and a 52-week high of $139.24.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 16th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, February 15th. United Technologies’s dividend payout ratio (DPR) is 42.68%.
UTX has been the topic of several recent research reports. Robert W. Baird raised shares of United Technologies from a “neutral” rating to an “outperform” rating in a report on Friday, January 5th. Zacks Investment Research raised shares of United Technologies from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Cowen reaffirmed a “hold” rating and set a $141.00 price objective on shares of United Technologies in a report on Sunday, February 11th. Sanford C. Bernstein reaffirmed a “positive” rating and set a $153.00 price objective (up from $135.00) on shares of United Technologies in a report on Tuesday, January 30th. Finally, Barclays assumed coverage on United Technologies in a research report on Thursday. They set an “overweight” rating and a $157.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $137.07.
In related news, VP Robert J. Bailey sold 636 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $124.35, for a total value of $79,086.60. Following the transaction, the vice president now directly owns 1,500 shares in the company, valued at $186,525. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Akhil Johri sold 5,979 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $121.03, for a total transaction of $723,638.37. Following the completion of the transaction, 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 90 days, insiders sold 13,480 shares of company stock worth $1,658,028. 0.16% of the stock is owned by company insiders.
United Technologies Company 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.
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