United Technologies Corporation (UTX) Shares Sold by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI reduced its holdings in United Technologies Corporation (NYSE:UTX) by 30.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 59,429 shares of the conglomerate’s stock after selling 25,832 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in United Technologies Corporation were worth $7,257,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Legal & General Group Plc grew its position in shares of United Technologies Corporation by 1.3% in the second quarter. Legal & General Group Plc now owns 3,729,056 shares of the conglomerate’s stock valued at $455,358,000 after purchasing an additional 46,813 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of United Technologies Corporation by 3.7% in the first quarter. Ameriprise Financial Inc. now owns 3,544,737 shares of the conglomerate’s stock valued at $397,774,000 after purchasing an additional 125,003 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in shares of United Technologies Corporation by 0.6% in the second quarter. Diamond Hill Capital Management Inc. now owns 3,517,626 shares of the conglomerate’s stock valued at $429,537,000 after purchasing an additional 19,439 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in shares of United Technologies Corporation by 11.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,858,758 shares of the conglomerate’s stock valued at $320,781,000 after purchasing an additional 301,484 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of United Technologies Corporation by 0.9% in the second quarter. Swiss National Bank now owns 2,797,221 shares of the conglomerate’s stock valued at $341,569,000 after purchasing an additional 25,500 shares during the last quarter. 78.33% of the stock is currently owned by institutional investors.

Several brokerages have recently issued reports on UTX. Royal Bank Of Canada set a $126.00 price target on United Technologies Corporation and gave the company a “hold” rating in a research report on Sunday, November 12th. Cowen and Company reaffirmed a “hold” rating and issued a $120.00 price target on shares of United Technologies Corporation in a research report on Friday, November 10th. Zacks Investment Research raised United Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Stifel Nicolaus raised their price target on United Technologies Corporation from $122.00 to $124.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, Deutsche Bank AG lowered their price target on United Technologies Corporation from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Wednesday, September 6th. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. United Technologies Corporation has a consensus rating of “Hold” and an average target price of $125.15.

United Technologies Corporation (NYSE UTX) opened at $116.73 on Thursday. The company has a market cap of $93,220.00, a PE ratio of 17.58, a price-to-earnings-growth ratio of 2.10 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.31. United Technologies Corporation has a one year low of $106.85 and a one year high of $124.79.

United Technologies Corporation (NYSE:UTX) last announced its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. The firm had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. United Technologies Corporation had a net margin of 8.79% and a return on equity of 17.66%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.76 earnings per share. equities analysts expect that United Technologies Corporation will post 6.61 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Thursday, November 16th. United Technologies Corporation’s dividend payout ratio is 43.34%.

In other news, EVP Michael R. Dumais sold 2,986 shares of United Technologies Corporation stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $120.98, for a total value of $361,246.28. Following the completion of the transaction, the executive vice president now owns 27,548 shares in the company, valued at $3,332,757.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.16% of the stock is owned by company insiders.

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United Technologies Corporation 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.

Institutional Ownership by Quarter for United Technologies Corporation (NYSE:UTX)

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