Dearborn Partners LLC trimmed its position in United Technologies Co. (NYSE:UTX) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,743 shares of the conglomerate’s stock after selling 4,779 shares during the period. United Technologies makes up about 1.7% of Dearborn Partners LLC’s holdings, making the stock its 21st biggest position. Dearborn Partners LLC’s holdings in United Technologies were worth $23,440,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its position in shares of United Technologies by 8.4% during the 2nd quarter. Pacer Advisors Inc. now owns 18,682 shares of the conglomerate’s stock worth $2,281,000 after purchasing an additional 1,447 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of United Technologies by 19.2% during the 3rd quarter. Victory Capital Management Inc. now owns 42,601 shares of the conglomerate’s stock worth $4,945,000 after purchasing an additional 6,853 shares in the last quarter. Factory Mutual Insurance Co. boosted its position in shares of United Technologies by 1.7% during the 4th quarter. Factory Mutual Insurance Co. now owns 633,952 shares of the conglomerate’s stock worth $80,873,000 after purchasing an additional 10,300 shares in the last quarter. Bridgewater Associates LP purchased a new stake in shares of United Technologies during the 2nd quarter worth $2,201,000. Finally, California Capital Advisors Inc. purchased a new stake in shares of United Technologies during the 3rd quarter worth $267,000. Hedge funds and other institutional investors own 82.38% of the company’s stock.
In related news, EVP Elizabeth B. Amato sold 4,341 shares of the business’s stock in a transaction dated 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 owns 29,122 shares of the company’s stock, valued at approximately $3,667,042.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert J. Bailey sold 419 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $133.73, for a total transaction of $56,032.87. The disclosure for this sale can be found here. Insiders sold a total of 7,656 shares of company stock valued at $985,743 in the last three months. 0.16% of the stock is currently owned by corporate insiders.
United Technologies Co. (NYSE UTX) opened at $130.15 on Wednesday. United Technologies Co. has a one year low of $109.10 and a one year high of $139.24. The firm has a market cap of $104,090.00, a PE ratio of 19.84, a P/E/G ratio of 2.21 and a beta of 1.05. The company has a quick ratio of 0.94, a current ratio of 1.35 and a debt-to-equity ratio of 0.80.
United Technologies (NYSE:UTX) last announced 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 firm had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $15.34 billion. During the same quarter in the previous year, the company posted $1.56 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. equities analysts expect that United Technologies Co. will post 7.05 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Investors of record on Friday, February 16th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.15%. The ex-dividend date was Thursday, February 15th. United Technologies’s payout ratio is 42.68%.
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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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