Telemus Capital LLC raised its holdings in United Technologies Co. (NYSE:UTX) by 154.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,213 shares of the conglomerate’s stock after acquiring an additional 3,769 shares during the period. Telemus Capital LLC’s holdings in United Technologies were worth $793,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the business. Pacer Advisors Inc. boosted its position in shares of United Technologies by 8.4% during the second quarter. Pacer Advisors Inc. now owns 18,682 shares of the conglomerate’s stock worth $2,281,000 after buying an additional 1,447 shares during the period. Victory Capital Management Inc. boosted its position in shares of United Technologies by 19.2% during the third quarter. Victory Capital Management Inc. now owns 42,601 shares of the conglomerate’s stock worth $4,945,000 after buying an additional 6,853 shares during the period. Factory Mutual Insurance Co. boosted its position in shares of United Technologies by 1.7% during the fourth quarter. Factory Mutual Insurance Co. now owns 633,952 shares of the conglomerate’s stock worth $80,873,000 after buying an additional 10,300 shares during the period. Bridgewater Associates LP acquired a new position in shares of United Technologies during the second quarter worth about $2,201,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of United Technologies by 14.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 184,004 shares of the conglomerate’s stock worth $22,469,000 after buying an additional 23,623 shares during the period. 82.38% of the stock is owned by hedge funds and other institutional investors.
United Technologies Co. (UTX) opened at $131.50 on Tuesday. United Technologies Co. has a 52-week low of $109.10 and a 52-week high of $139.24. The company has a current ratio of 1.35, a quick ratio of 0.94 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $105,170.00, a P/E ratio of 20.05, a P/E/G ratio of 2.21 and a beta of 1.05.
The business also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Investors of record on Friday, February 16th were given 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 yield of 2.13%. United Technologies’s dividend payout ratio (DPR) is presently 42.68%.
Several research firms have recently weighed in on UTX. ValuEngine raised United Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $146.00 price objective (up from $124.00) on shares of United Technologies in a research report on Thursday, January 25th. Cowen reaffirmed a “hold” rating and set a $141.00 price objective on shares of United Technologies in a research report on Thursday, January 25th. UBS Group began coverage on United Technologies in a research report on Tuesday, January 23rd. They set a “buy” rating and a $158.00 price objective for the company. Finally, Goldman Sachs Group raised United Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $137.20.
In related 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 transaction of $79,086.60. Following the completion of the transaction, the vice president now directly owns 1,500 shares of the company’s stock, valued at $186,525. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Elizabeth B. Amato sold 4,341 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $125.92, for a total value of $546,618.72. Following the transaction, the executive vice president now directly owns 29,122 shares of the company’s stock, valued at $3,667,042.24. The disclosure for this sale can be found here. Insiders have sold 8,292 shares of company stock valued at $1,064,829 over the last three months. Insiders own 0.16% of the company’s stock.
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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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