Alpha Cubed Investments LLC grew its holdings in shares of United Technologies Co. (NYSE:UTX) by 9.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,625 shares of the conglomerate’s stock after purchasing an additional 11,449 shares during the quarter. United Technologies comprises about 2.2% of Alpha Cubed Investments LLC’s investment portfolio, making the stock its 18th biggest position. Alpha Cubed Investments LLC’s holdings in United Technologies were worth $16,919,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Knowledge Leaders Capital LLC bought a new position in United Technologies in the 3rd quarter worth $105,000. Wealthcare Advisory Partners LLC bought a new position in United Technologies in the 3rd quarter worth $118,000. Thompson Davis & CO. Inc. raised its holdings in United Technologies by 750.4% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,080 shares of the conglomerate’s stock worth $125,000 after acquiring an additional 953 shares during the period. Taylor Hoffman Wealth Management bought a new position in United Technologies in the 4th quarter worth $140,000. Finally, Trustcore Financial Services LLC bought a new position in United Technologies in the 4th quarter worth $143,000. Institutional investors and hedge funds own 81.89% of the company’s stock.
Several research analysts recently commented on the stock. ValuEngine upgraded shares of United Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus restated a “hold” rating and issued a $146.00 price target (up from $124.00) on shares of United Technologies in a research report on Thursday, January 25th. Cowen restated a “hold” rating and issued a $141.00 price target on shares of United Technologies in a research report on Thursday, January 25th. UBS started coverage on shares of United Technologies in a research report on Tuesday, January 23rd. They issued a “buy” rating and a $158.00 price target on the stock. Finally, Goldman Sachs upgraded shares of United Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $139.07.
Shares of United Technologies stock opened at $122.76 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.94 and a debt-to-equity ratio of 0.80. United Technologies Co. has a twelve month low of $109.10 and a twelve month high of $139.24. The stock has a market cap of $100,588.12, a PE ratio of 18.46, a price-to-earnings-growth ratio of 1.90 and a beta of 1.08.
United Technologies (NYSE:UTX) last issued its earnings results on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.04. United Technologies had a net margin of 7.61% and a return on equity of 17.35%. The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $15.34 billion. During the same period in the previous year, the business earned $1.56 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. research analysts forecast that United Technologies Co. will post 7.04 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Stockholders 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 dividend yield of 2.28%. United Technologies’s dividend payout ratio (DPR) is currently 42.11%.
United Technologies 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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