Traders bought shares of United Technologies Co. (NYSE:UTX) on weakness during trading on Monday. $146.78 million flowed into the stock on the tick-up and $80.17 million flowed out of the stock on the tick-down, for a money net flow of $66.61 million into the stock. Of all stocks tracked, United Technologies had the 5th highest net in-flow for the day. United Technologies traded down ($2.57) for the day and closed at $131.50
UTX has been the topic of a number of recent analyst reports. Sanford C. Bernstein reaffirmed a “positive” rating and set a $153.00 price objective (up previously from $135.00) on shares of United Technologies in a report on Tuesday, January 30th. Barclays upped their target price on United Technologies from $157.00 to $159.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Stifel Nicolaus restated a “hold” rating and issued a $146.00 price objective (up from $124.00) on shares of United Technologies in a research report on Thursday, January 25th. Royal Bank of Canada upgraded United Technologies from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Finally, UBS Group started coverage on United Technologies in a research report on Tuesday, January 23rd. They set a “buy” rating and a $158.00 target price on the stock. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. United Technologies presently has an average rating of “Buy” and a consensus target price of $137.20.
The stock has a market capitalization of $104,090.00, a PE ratio of 19.84, a price-to-earnings-growth ratio of 2.21 and a beta of 1.05. 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 business also recently disclosed a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Friday, February 16th were paid a $0.70 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.80 annualized dividend and a dividend yield of 2.15%. United Technologies’s dividend payout ratio is currently 42.68%.
In other news, VP Robert J. Bailey sold 864 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $126.01, for a total value of $108,872.64. Following the transaction, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $252,020. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Elizabeth B. Amato sold 4,341 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 29,122 shares in the company, valued at approximately $3,667,042.24. The disclosure for this sale can be found here. Insiders sold a total of 7,656 shares of company stock worth $985,743 over the last three months. 0.16% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in UTX. Cambridge Investment Research Advisors Inc. boosted its stake in shares of United Technologies by 0.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 94,747 shares of the conglomerate’s stock worth $12,087,000 after buying an additional 660 shares during the last quarter. Ackerman Capital Advisors LLC acquired a new stake in United Technologies in the 4th quarter valued at about $297,000. Colonial Trust Advisors lifted its stake in United Technologies by 31.4% in the 4th quarter. Colonial Trust Advisors now owns 87,253 shares of the conglomerate’s stock valued at $11,130,000 after purchasing an additional 20,851 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in United Technologies by 8.0% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 325,859 shares of the conglomerate’s stock valued at $41,570,000 after purchasing an additional 24,237 shares during the last quarter. Finally, We Are One Seven LLC acquired a new stake in United Technologies during the fourth quarter worth approximately $174,000. Institutional investors and hedge funds own 82.38% of the company’s stock.
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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