Investors Buy Shares of United Technologies (UTX) on Weakness

Investors bought shares of United Technologies Co. (NYSE:UTX) on weakness during trading on Friday. $169.38 million flowed into the stock on the tick-up and $118.46 million flowed out of the stock on the tick-down, for a money net flow of $50.92 million into the stock. Of all companies tracked, United Technologies had the 11th highest net in-flow for the day. United Technologies traded down ($0.74) for the day and closed at $129.26

UTX has been the topic of a number of analyst reports. Stifel Nicolaus upped their target price on shares of United Technologies from $122.00 to $124.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Atlantic Securities raised shares of United Technologies from a “neutral” rating to an “overweight” rating in a research note on Tuesday, December 5th. Goldman Sachs Group raised shares of United Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Robert W. Baird raised shares of United Technologies from a “neutral” rating to an “outperform” rating in a research note on Friday, January 5th. Finally, Zacks Investment Research raised shares of United Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $137.07.

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 cap of $103,380.00, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08.

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, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.04. The firm had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $15.34 billion. United Technologies had a net margin of 7.61% and a return on equity of 17.35%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.56 earnings per share. research analysts expect that United Technologies Co. will post 7.04 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 16th will be paid 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 yield of 2.17%. United Technologies’s dividend payout ratio is 42.68%.

In other news, VP Robert J. Bailey sold 636 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $124.35, for a total transaction of $79,086.60. Following the sale, the vice president now directly owns 1,500 shares of the company’s stock, valued at $186,525. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Elizabeth B. Amato sold 4,341 shares of the stock in a transaction that occurred on 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 $3,667,042.24. 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 institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rowland & Co. Investment Counsel ADV grew its stake in shares of United Technologies by 0.3% during the second quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock valued at $143,000 after purchasing an additional 3 shares during the last quarter. Jackson Grant Investment Advisers Inc. grew its stake in shares of United Technologies by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,788 shares of the conglomerate’s stock valued at $218,000 after purchasing an additional 8 shares during the last quarter. Mosaic Family Wealth LLC grew its stake in shares of United Technologies by 0.3% during the second quarter. Mosaic Family Wealth LLC now owns 4,357 shares of the conglomerate’s stock valued at $532,000 after purchasing an additional 14 shares during the last quarter. Hudock Capital Group LLC grew its stake in shares of United Technologies by 0.4% during the second quarter. Hudock Capital Group LLC now owns 3,705 shares of the conglomerate’s stock valued at $452,000 after purchasing an additional 15 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. lifted its holdings in United Technologies by 0.3% in the second quarter. Laurel Wealth Advisors Inc. now owns 5,943 shares of the conglomerate’s stock valued at $725,000 after buying an additional 18 shares during the period. 79.87% of the stock is currently owned by institutional investors and hedge funds.

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United Technologies Company 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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