Allied Investment Advisors LLC bought a new stake in United Technologies Co. (NYSE:UTX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 33,944 shares of the conglomerate’s stock, valued at approximately $4,330,000. United Technologies accounts for 3.6% of Allied Investment Advisors LLC’s investment portfolio, making the stock its 12th biggest position.
A number of other large investors have also bought and sold shares of UTX. Knowledge Leaders Capital LLC purchased a new stake in shares of United Technologies in the 3rd quarter valued at $105,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of United Technologies in the 3rd quarter valued at $118,000. Thompson Davis & CO. Inc. raised its holdings in shares of United Technologies by 750.4% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,080 shares of the conglomerate’s stock valued at $125,000 after buying an additional 953 shares during the period. Thompson Siegel & Walmsley LLC raised its holdings in shares of United Technologies by 3.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,090 shares of the conglomerate’s stock valued at $133,000 after buying an additional 40 shares during the period. Finally, Rowland & Co. Investment Counsel ADV raised its holdings in shares of United Technologies by 0.3% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock valued at $143,000 after buying an additional 3 shares during the period. Institutional investors own 82.38% of the company’s stock.
UTX has been the topic of several research analyst reports. Royal Bank of Canada upgraded United Technologies from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Zacks Investment Research downgraded United Technologies from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Barclays upped their price target on United Technologies from $157.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. Sanford C. Bernstein restated a “positive” rating and set a $153.00 price target (up previously from $135.00) on shares of United Technologies in a report on Tuesday, January 30th. Finally, Atlantic Securities upgraded United Technologies from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $137.20.
United Technologies Co. (NYSE UTX) opened at $131.50 on Tuesday. The stock has a market capitalization of $105,170.00, a PE ratio of 20.05, a PEG ratio of 2.21 and a beta of 1.05. United Technologies Co. has a 1 year low of $109.10 and a 1 year 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.
United Technologies (NYSE:UTX) last released its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.04. The business had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $15.34 billion. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.56 EPS. equities research analysts predict that United Technologies Co. will post 7.05 earnings per share for the current year.
The firm also recently disclosed 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 was Thursday, February 15th. This represents a $2.80 annualized dividend and a dividend yield of 2.13%. United Technologies’s dividend payout ratio is currently 42.68%.
United Technologies Company 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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