Harfst & Associates Inc. Grows Holdings in United Technologies Co. (UTX)

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Harfst & Associates Inc. raised its stake in shares of United Technologies Co. (NYSE:UTX) by 17.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,719 shares of the conglomerate’s stock after purchasing an additional 410 shares during the period. Harfst & Associates Inc.’s holdings in United Technologies were worth $289,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Guidant Wealth Advisors boosted its holdings in shares of United Technologies by 64.9% during the 4th quarter. Guidant Wealth Advisors now owns 254 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Financial Gravity Companies Inc. bought a new position in shares of United Technologies during the 4th quarter valued at about $51,000. Glassman Wealth Services boosted its holdings in shares of United Technologies by 297.9% during the 4th quarter. Glassman Wealth Services now owns 561 shares of the conglomerate’s stock valued at $60,000 after purchasing an additional 420 shares during the last quarter. Quantamental Technologies LLC bought a new position in shares of United Technologies during the 4th quarter valued at about $64,000. Finally, Tributary Capital Management LLC bought a new position in shares of United Technologies during the 4th quarter valued at about $69,000. 80.09% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:UTX opened at $126.89 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.13 and a debt-to-equity ratio of 1.01. United Technologies Co. has a 12 month low of $100.48 and a 12 month high of $144.15. The stock has a market capitalization of $109.13 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 1.79 and a beta of 1.20.

United Technologies (NYSE:UTX) last announced its quarterly earnings data on Wednesday, January 23rd. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.42. The business had revenue of $18.04 billion during the quarter, compared to the consensus estimate of $16.87 billion. United Technologies had a net margin of 7.92% and a return on equity of 17.53%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.60 earnings per share. On average, sell-side analysts forecast that United Technologies Co. will post 7.93 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, March 10th. Shareholders of record on Friday, February 15th were paid a $0.735 dividend. This represents a $2.94 annualized dividend and a yield of 2.32%. The ex-dividend date was Thursday, February 14th. United Technologies’s payout ratio is currently 38.63%.

UTX has been the subject of several research reports. Bank of America set a $180.00 price objective on shares of United Technologies and gave the company a “buy” rating in a report on Tuesday, November 27th. Jefferies Financial Group set a $148.00 price target on shares of United Technologies and gave the company a “buy” rating in a report on Tuesday, November 27th. Wolfe Research set a $147.00 price target on shares of United Technologies and gave the company a “buy” rating in a report on Monday, November 26th. ValuEngine raised shares of United Technologies from a “hold” rating to a “buy” rating in a report on Friday, November 23rd. Finally, Goldman Sachs Group reaffirmed a “buy” rating and issued a $149.00 price target on shares of United Technologies in a report on Wednesday, January 23rd. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $143.93.

In other United Technologies news, VP Robert J. Bailey sold 862 shares of the firm’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $121.71, for a total value of $104,914.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael R. Dumais sold 9,620 shares of the firm’s stock in a transaction dated Wednesday, January 30th. The stock was sold at an average price of $119.12, for a total transaction of $1,145,934.40. Following the completion of the sale, the executive vice president now directly owns 35,627 shares of the company’s stock, valued at approximately $4,243,888.24. The disclosure for this sale can be found here. In the last three months, insiders sold 96,352 shares of company stock valued at $11,974,093. 0.17% of the stock is owned by insiders.

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About United Technologies

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.

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Institutional Ownership by Quarter for United Technologies (NYSE:UTX)

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