United Technologies Co. (UTX) Holdings Increased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of United Technologies Co. (NYSE:UTX) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,353 shares of the conglomerate’s stock after acquiring an additional 4,066 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in United Technologies were worth $17,801,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Knowledge Leaders Capital LLC acquired a new position in United Technologies during the 3rd quarter worth $105,000. Tortoise Investment Management LLC grew its holdings in United Technologies by 5.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock worth $117,000 after acquiring an additional 48 shares in the last quarter. Seven Bridges Advisors LLC acquired a new position in United Technologies during the 2nd quarter worth $120,000. Thompson Davis & CO. Inc. grew its holdings in United Technologies by 750.4% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,080 shares of the conglomerate’s stock worth $125,000 after acquiring an additional 953 shares in the last quarter. Finally, Winfield Associates Inc. grew its holdings in United Technologies by 2.9% during the 2nd quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock worth $126,000 after acquiring an additional 29 shares in the last quarter. 79.87% of the stock is owned by institutional investors.

In other United Technologies news, EVP Elizabeth B. Amato sold 4,341 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $125.92, for a total transaction of $546,618.72. Following the sale, the executive vice president now directly owns 29,122 shares in the company, valued at approximately $3,667,042.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert J. Bailey sold 636 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $124.35, for a total transaction of $79,086.60. Following the sale, the vice president now owns 1,500 shares in the company, valued at $186,525. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,480 shares of company stock worth $1,658,028. 0.16% of the stock is currently owned by insiders.

Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of United Technologies from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Royal Bank of Canada raised shares of United Technologies from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Robert W. Baird raised shares of United Technologies from a “neutral” rating to an “outperform” rating in a report on Friday, January 5th. Atlantic Securities raised shares of United Technologies from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th. Finally, Cowen reaffirmed a “hold” rating and issued a $120.00 price target on shares of United Technologies in a report on Friday, November 10th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. United Technologies presently has an average rating of “Buy” and an average target price of $136.15.

Shares of United Technologies Co. (NYSE UTX) traded down $1.61 during trading hours on Tuesday, reaching $125.77. 5,048,894 shares of the company traded hands, compared to its average volume of 5,150,000. The company has a market cap of $100,440.00, a P/E ratio of 22.06, a PEG ratio of 2.12 and a beta of 1.08. United Technologies Co. has a 12-month low of $107.05 and a 12-month high of $139.24. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.94 and a current ratio of 1.35.

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

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 16th will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $2.80 annualized dividend and a yield of 2.23%. United Technologies’s dividend payout ratio is presently 49.12%.

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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.

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

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