SeaCrest Wealth Management LLC bought a new stake in United Technologies Co. (NYSE:UTX) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 11,580 shares of the conglomerate’s stock, valued at approximately $1,477,000.
Several other institutional investors and hedge funds have also recently modified their holdings of UTX. Knowledge Leaders Capital LLC acquired a new stake in shares of United Technologies in the 3rd quarter valued at about $105,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of United Technologies in the 3rd quarter valued at about $118,000. Thompson Davis & CO. Inc. grew its stake 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 grew its stake 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 grew its stake 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.
In other news, EVP Elizabeth B. Amato sold 4,341 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 29,122 shares in the company, valued at approximately $3,667,042.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert J. Bailey sold 2,032 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $661,255. The disclosure for this sale can be found here. Insiders sold a total of 7,656 shares of company stock worth $985,743 in the last 90 days. 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 12 month low of $109.10 and a 12 month high of $139.24. The firm has a market capitalization of $104,090.00, a P/E 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 announced its earnings results on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.04. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The firm had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $15.34 billion. During the same quarter in the previous year, the business earned $1.56 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. research analysts forecast that United Technologies Co. will post 7.05 earnings per share for the current fiscal year.
The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.15%. United Technologies’s payout ratio is presently 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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