USA Financial Portformulas Corp decreased its holdings in shares of United Technologies Co. (NYSE:UTX) by 38.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,439 shares of the conglomerate’s stock after selling 15,587 shares during the quarter. USA Financial Portformulas Corp’s holdings in United Technologies were worth $2,984,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Tortoise Investment Management LLC boosted its stake in United Technologies by 5.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock valued at $117,000 after purchasing an additional 48 shares during the period. Seven Bridges Advisors LLC acquired a new position in United Technologies in the 2nd quarter valued at approximately $120,000. Winfield Associates Inc. raised its holdings in United Technologies by 2.9% in the 2nd quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock valued at $126,000 after acquiring an additional 29 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new position in United Technologies in the 2nd quarter valued at approximately $131,000. Finally, Alexandria Capital LLC raised its holdings in United Technologies by 0.3% in the 2nd quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock valued at $132,000 after acquiring an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 80.20% of the company’s stock.
In related news, VP Akhil Johri sold 5,979 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $121.03, for a total transaction of $723,638.37. Following the completion of the sale, the vice president now directly owns 23,295 shares of the company’s stock, valued at approximately $2,819,393.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $97,635.62. The disclosure for this sale can be found here. Insiders have sold a total of 10,625 shares of company stock valued at $1,284,696 over the last ninety days. Insiders own 0.16% of the company’s stock.
United Technologies Co. (NYSE UTX) traded up $2.52 during mid-day trading on Friday, reaching $126.28. The company had a trading volume of 2,866,420 shares, compared to its average volume of 3,049,803. United Technologies Co. has a 12-month low of $106.85 and a 12-month high of $124.87. The firm has a market cap of $99,262.25, a PE ratio of 18.78, a price-to-earnings-growth ratio of 2.24 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91.
United Technologies (NYSE:UTX) last released its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.05. United Technologies had a return on equity of 17.66% and a net margin of 8.79%. The firm had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. During the same period last year, the firm posted $1.76 EPS. The business’s revenue was up 4.9% on a year-over-year basis. equities research analysts forecast that United Technologies Co. will post 6.61 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Sunday, December 10th. Investors of record on Friday, November 17th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.80 dividend on an annualized basis and a yield of 2.22%. United Technologies’s dividend payout ratio is 43.41%.
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United Technologies 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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