Engineers Gate Manager LP boosted its holdings in shares of United Technologies Co. (NYSE:UTX) by 176.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 26,530 shares of the conglomerate’s stock after buying an additional 16,928 shares during the period. Engineers Gate Manager LP’s holdings in United Technologies were worth $3,384,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Rowland & Co. Investment Counsel ADV grew its stake in United Technologies by 0.3% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock valued at $143,000 after purchasing an additional 3 shares in the last quarter. Jackson Grant Investment Advisers Inc. grew its stake in United Technologies by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,788 shares of the conglomerate’s stock valued at $218,000 after purchasing an additional 8 shares in the last quarter. Hudock Capital Group LLC grew its stake in United Technologies by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,705 shares of the conglomerate’s stock valued at $452,000 after purchasing an additional 15 shares in the last quarter. Laurel Wealth Advisors Inc. grew its stake in United Technologies by 0.3% in the second quarter. Laurel Wealth Advisors Inc. now owns 5,943 shares of the conglomerate’s stock valued at $725,000 after purchasing an additional 18 shares in the last quarter. Finally, Homrich & Berg grew its stake in United Technologies by 0.5% in the second quarter. Homrich & Berg now owns 4,455 shares of the conglomerate’s stock valued at $544,000 after purchasing an additional 20 shares in the last quarter. 81.51% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have commented on the company. ValuEngine upgraded United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus restated a “hold” rating and issued a $146.00 target price (up previously from $124.00) on shares of United Technologies in a research note on Thursday, January 25th. Cowen restated a “hold” rating and issued a $141.00 target price on shares of United Technologies in a research note on Thursday, January 25th. UBS Group assumed coverage on United Technologies in a research note on Tuesday, January 23rd. They issued a “buy” rating and a $158.00 target price on the stock. Finally, Goldman Sachs Group upgraded United Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $137.20.
Shares of United Technologies Co. (NYSE:UTX) opened at $134.07 on Monday. The stock has a market capitalization of $107,230.00, a PE ratio of 20.44, a PEG ratio of 2.21 and a beta of 1.05. United Technologies Co. has a 52 week low of $109.10 and a 52 week high of $139.24. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.94 and a current ratio of 1.35.
United Technologies (NYSE:UTX) last released its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.04. The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $15.34 billion. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.56 EPS. research analysts expect that United Technologies Co. will post 7.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Friday, February 16th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.80 annualized dividend and a dividend yield of 2.09%. United Technologies’s dividend payout ratio (DPR) is presently 42.68%.
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About United Technologies
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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