Sand Hill Global Advisors LLC Has $399,000 Stake in United Technologies Co. (UTX)
Sand Hill Global Advisors LLC reduced its position in United Technologies Co. (NYSE:UTX) by 12.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,638 shares of the company’s stock after selling 506 shares during the period. Sand Hill Global Advisors LLC’s holdings in United Technologies were worth $399,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in UTX. Ronna Sue Cohen raised its stake in shares of United Technologies by 0.3% in the third quarter. Ronna Sue Cohen now owns 2,730 shares of the company’s stock worth $277,000 after buying an additional 8 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in shares of United Technologies by 0.5% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 1,912 shares of the company’s stock worth $194,000 after buying an additional 10 shares in the last quarter. Alpha Windward LLC raised its stake in shares of United Technologies by 0.5% in the third quarter. Alpha Windward LLC now owns 2,399 shares of the company’s stock worth $244,000 after buying an additional 12 shares in the last quarter. AT Bancorp raised its stake in shares of United Technologies by 0.3% in the third quarter. AT Bancorp now owns 4,992 shares of the company’s stock worth $506,000 after buying an additional 14 shares in the last quarter. Finally, Hudock Capital Group LLC raised its stake in shares of United Technologies by 0.5% in the third quarter. Hudock Capital Group LLC now owns 3,656 shares of the company’s stock worth $371,000 after buying an additional 17 shares in the last quarter. 79.89% of the stock is currently owned by institutional investors and hedge funds.
Shares of United Technologies Co. (NYSE:UTX) opened at 113.51 on Tuesday. The firm has a 50-day moving average price of $111.56 and a 200 day moving average price of $107.26. United Technologies Co. has a 12-month low of $96.89 and a 12-month high of $114.44. The company has a market capitalization of $91.47 billion, a P/E ratio of 18.55 and a beta of 1.09.
United Technologies (NYSE:UTX) last issued its quarterly earnings data on Wednesday, January 25th. The company reported $1.56 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.56. United Technologies had a return on equity of 18.13% and a net margin of 8.83%. The business had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.70 billion. During the same period in the prior year, the business posted $1.37 earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts predict that United Technologies Co. will post $6.55 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 17th were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, February 15th. This represents a $2.64 dividend on an annualized basis and a yield of 2.33%. United Technologies’s dividend payout ratio (DPR) is presently 43.21%.
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UTX has been the topic of a number of recent analyst reports. Vetr upgraded United Technologies from a “hold” rating to a “buy” rating and set a $120.61 price objective on the stock in a research report on Monday, December 19th. Jefferies Group LLC reiterated a “buy” rating and issued a $126.00 price objective on shares of United Technologies in a research report on Monday, March 13th. Stifel Nicolaus cut their price objective on United Technologies from $119.00 to $116.00 and set a “hold” rating on the stock in a research report on Friday, January 27th. Barclays PLC reiterated an “equal weight” rating and issued a $111.00 price objective on shares of United Technologies in a research report on Friday, December 16th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $110.00 price objective on shares of United Technologies in a research report on Friday, January 20th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $115.70.
In other United Technologies news, insider Robert J. Mcdonough sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $111.32, for a total transaction of $33,396.00. Following the sale, the insider now directly owns 11,049 shares in the company, valued at $1,229,974.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Robert J. Bailey sold 1,022 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $112.26, for a total value of $114,729.72. Following the sale, the vice president now owns 2,000 shares in the company, valued at $224,520. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,497 shares of company stock worth $4,982,862. Company insiders own 0.15% of the company’s stock.
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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