Moody Lynn & Lieberson LLC reduced its position in shares of United Technologies Co. (NYSE:UTX) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,364 shares of the conglomerate’s stock after selling 3,202 shares during the period. United Technologies comprises approximately 1.5% of Moody Lynn & Lieberson LLC’s holdings, making the stock its 22nd largest holding. Moody Lynn & Lieberson LLC’s holdings in United Technologies were worth $14,382,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of UTX. FMR LLC raised its position in shares of United Technologies by 13.2% during the 2nd quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock valued at $2,514,316,000 after acquiring an additional 2,401,795 shares in the last quarter. Stifel Financial Corp raised its position in shares of United Technologies by 14,827.8% during the 3rd quarter. Stifel Financial Corp now owns 1,079,875 shares of the conglomerate’s stock valued at $125,442,000 after acquiring an additional 1,072,641 shares in the last quarter. Vanguard Group Inc. raised its position in shares of United Technologies by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock valued at $6,693,250,000 after acquiring an additional 848,623 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of United Technologies by 50.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,244,427 shares of the conglomerate’s stock valued at $274,067,000 after acquiring an additional 756,600 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of United Technologies by 325.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 880,900 shares of the conglomerate’s stock valued at $107,567,000 after acquiring an additional 673,800 shares in the last quarter. 82.38% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Robert J. Bailey sold 2,032 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $134.95, for a total value of $274,218.40. Following the completion of the transaction, the vice president now owns 4,900 shares of the company’s stock, valued at $661,255. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Elizabeth B. Amato sold 4,341 shares of the stock in a transaction on Friday, December 15th. The stock was 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 of the company’s stock, valued at approximately $3,667,042.24. The disclosure for this sale can be found here. In the last three months, insiders sold 7,656 shares of company stock valued at $985,743. Company insiders own 0.16% of the company’s stock.
United Technologies Co. (NYSE:UTX) opened at $130.15 on Wednesday. United Technologies Co. has a 52 week low of $109.10 and a 52 week high of $139.24. The stock has a market capitalization of $104,090.00, a price-to-earnings ratio of 19.84, a PEG 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 released its quarterly earnings results 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. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The company had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $15.34 billion. During the same quarter in the prior year, the business posted $1.56 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. research analysts expect that United Technologies Co. will post 7.05 EPS for the current year.
The firm also recently declared 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 payout ratio is 42.68%.
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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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