Sentry Investments Corp. raised its holdings in United Technologies Corporation (NYSE:UTX) by 7.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 121,400 shares of the conglomerate’s stock after purchasing an additional 8,100 shares during the quarter. Sentry Investments Corp.’s holdings in United Technologies were worth $14,824,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tortoise Investment Management LLC grew its stake in shares of United Technologies by 5.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock valued at $117,000 after buying an additional 48 shares during the period. Seven Bridges Advisors LLC acquired a new position in United Technologies during the 2nd quarter valued at about $120,000. Winfield Associates Inc. boosted its stake in United Technologies by 2.9% during the 2nd quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock valued at $126,000 after purchasing an additional 29 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in United Technologies during the 2nd quarter valued at about $131,000. Finally, Alexandria Capital LLC boosted its stake in United Technologies by 0.3% during the 2nd quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock valued at $132,000 after purchasing an additional 3 shares during the last quarter. Institutional investors own 80.20% of the company’s stock.
United Technologies Corporation (NYSE UTX) traded up $0.91 during trading hours on Wednesday, hitting $121.20. 2,607,428 shares of the stock were exchanged, compared to its average volume of 3,035,989. United Technologies Corporation has a 1 year low of $106.85 and a 1 year high of $124.79. The company has a current ratio of 1.31, a quick ratio of 0.91 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $95,860.34, a PE ratio of 18.13, a price-to-earnings-growth ratio of 2.16 and a beta of 1.07.
The business also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Friday, November 17th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.31%. The ex-dividend date is Thursday, November 16th. United Technologies’s dividend payout ratio is currently 43.41%.
UTX has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of United Technologies from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Cowen reissued a “buy” rating and set a $127.00 target price on shares of United Technologies in a report on Tuesday, September 5th. Credit Suisse Group restated a “neutral” rating on shares of United Technologies in a research report on Friday, September 1st. Jefferies Group restated a “buy” rating and set a $139.00 price target on shares of United Technologies in a research report on Tuesday, August 29th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $125.00 target price on shares of United Technologies in a research report on Sunday, August 13th. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $125.15.
In other news, VP Robert J. Bailey sold 827 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $118.06, for a total transaction of $97,635.62. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Michael R. Dumais sold 2,986 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $120.98, for a total transaction of $361,246.28. Following the sale, the executive vice president now owns 27,548 shares in the company, valued at $3,332,757.04. The disclosure for this sale can be found here. Insiders sold 9,792 shares of company stock worth $1,182,520 in the last 90 days. 0.16% of the stock is currently owned by corporate insiders.
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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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