Haverford Trust Co. grew its position in United Technologies Co. (NYSE:UTX) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 923,721 shares of the conglomerate’s stock after purchasing an additional 19,447 shares during the period. United Technologies comprises approximately 2.2% of Haverford Trust Co.’s holdings, making the stock its 15th biggest holding. Haverford Trust Co. owned about 0.11% of United Technologies worth $126,106,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Phocas Financial Corp. bought a new stake in United Technologies during the 2nd quarter worth about $25,000. Krane Funds Advisors LLC bought a new stake in United Technologies during the 2nd quarter worth about $26,000. Transamerica Financial Advisors Inc. bought a new stake in United Technologies during the 2nd quarter worth about $30,000. American National Bank bought a new stake in United Technologies during the 3rd quarter worth about $34,000. Finally, Financial Management Professionals Inc. raised its holdings in United Technologies by 3,600.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 259 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 252 shares during the last quarter. Institutional investors own 80.62% of the company’s stock.
In related news, CEO Gregory Hayes sold 27,987 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $147.79, for a total transaction of $4,136,198.73. Following the completion of the sale, the chief executive officer now directly owns 287,649 shares of the company’s stock, valued at approximately $42,511,645.71. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert F. Leduc sold 33,175 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $147.01, for a total value of $4,877,056.75. Following the sale, the insider now directly owns 96,270 shares of the company’s stock, valued at $14,152,652.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 184,007 shares of company stock valued at $25,720,285. 0.15% of the stock is owned by company insiders.
Shares of UTX stock traded up $0.15 on Friday, reaching $148.88. The company had a trading volume of 1,691,556 shares, compared to its average volume of 3,289,642. The company has a current ratio of 1.06, a quick ratio of 0.75 and a debt-to-equity ratio of 0.93. The stock has a market cap of $127.63 billion, a PE ratio of 19.56, a PEG ratio of 2.07 and a beta of 1.22. The company has a 50-day moving average of $138.45 and a 200-day moving average of $133.57. United Technologies Co. has a 12 month low of $100.48 and a 12 month high of $149.35.
United Technologies (NYSE:UTX) last announced its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.18. The company had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.31 billion. United Technologies had a return on equity of 16.81% and a net margin of 6.72%. United Technologies’s revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.93 EPS. Sell-side analysts anticipate that United Technologies Co. will post 8.13 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a dividend of $0.735 per share. The ex-dividend date is Thursday, November 14th. This represents a $2.94 dividend on an annualized basis and a yield of 1.97%. United Technologies’s payout ratio is 38.63%.
Several brokerages have weighed in on UTX. Credit Suisse Group set a $162.00 price objective on United Technologies and gave the stock a “buy” rating in a report on Friday, October 25th. Cowen reissued a “buy” rating and set a $150.00 price objective on shares of United Technologies in a report on Wednesday, September 4th. Sanford C. Bernstein boosted their price objective on United Technologies from $143.00 to $154.00 and gave the stock a “market perform” rating in a report on Tuesday, September 17th. Zacks Investment Research cut United Technologies from a “strong-buy” rating to a “hold” rating and set a $151.00 price objective for the company. in a report on Friday, July 19th. Finally, Wolfe Research set a $152.00 price objective on United Technologies and gave the stock a “buy” rating in a report on Wednesday, September 18th. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $154.69.
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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