United Technologies Co. (UTX) Position Lifted by Apriem Advisors

Apriem Advisors lifted its holdings in shares of United Technologies Co. (NYSE:UTX) by 34.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,743 shares of the conglomerate’s stock after buying an additional 7,312 shares during the period. Apriem Advisors’ holdings in United Technologies were worth $3,337,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. AMP Capital Investors Ltd lifted its stake in United Technologies by 3.3% in the 3rd quarter. AMP Capital Investors Ltd now owns 422,999 shares of the conglomerate’s stock valued at $49,101,000 after purchasing an additional 13,628 shares during the last quarter. Royce & Associates LP lifted its stake in United Technologies by 13.0% in the 3rd quarter. Royce & Associates LP now owns 39,000 shares of the conglomerate’s stock valued at $4,527,000 after purchasing an additional 4,500 shares during the last quarter. Advantage Investment Management LLC lifted its stake in United Technologies by 41.4% in the 3rd quarter. Advantage Investment Management LLC now owns 2,552 shares of the conglomerate’s stock valued at $296,000 after purchasing an additional 747 shares during the last quarter. Citizens Financial Group Inc. RI lifted its stake in United Technologies by 4.5% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 26,634 shares of the conglomerate’s stock valued at $3,091,000 after purchasing an additional 1,140 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in United Technologies by 0.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,717,300 shares of the conglomerate’s stock valued at $200,183,000 after purchasing an additional 6,100 shares during the last quarter. Institutional investors own 80.01% of the company’s stock.

In other news, VP Akhil Johri sold 5,979 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $121.03, for a total transaction of $723,638.37. Following the transaction, the vice president now directly owns 23,295 shares of the company’s stock, valued at $2,819,393.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert J. Bailey sold 827 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $118.06, for a total transaction of $97,635.62. The disclosure for this sale can be found here. Insiders have sold 13,480 shares of company stock worth $1,658,028 over the last ninety days. Insiders own 0.16% of the company’s stock.

Several brokerages recently issued reports on UTX. Argus upgraded shares of United Technologies from a “hold” rating to a “buy” rating in a research note on Friday. ValuEngine upgraded shares of United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Sanford C. Bernstein reiterated a “positive” rating and issued a $153.00 target price (up from $135.00) on shares of United Technologies in a research note on Tuesday, January 30th. Stifel Nicolaus reiterated a “hold” rating and issued a $146.00 target price (up from $124.00) on shares of United Technologies in a research note on Thursday, January 25th. Finally, Cowen reiterated a “hold” rating and issued a $141.00 target price on shares of United Technologies in a research note on Thursday, January 25th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $136.15.

Shares of United Technologies Co. (UTX) traded down $2.45 during mid-day trading on Friday, reaching $125.03. 12,060,398 shares of the company’s stock traded hands, compared to its average volume of 4,880,000. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.35 and a quick ratio of 0.94. The firm has a market capitalization of $99,850.00, a P/E ratio of 21.94, a PEG ratio of 2.12 and a beta of 1.08. United Technologies Co. has a 1 year low of $107.05 and a 1 year high of $139.24.

United Technologies (NYSE:UTX) last issued its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.04. United Technologies had a net margin of 7.61% and a return on equity of 17.35%. The firm had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $15.34 billion. During the same period last year, the business posted $1.56 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. research analysts forecast that United Technologies Co. will post 7.01 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Friday, February 16th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $2.80 annualized dividend and a dividend yield of 2.24%. United Technologies’s dividend payout ratio is presently 49.12%.

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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.

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

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