United Technologies Corp. (UTX) Stake Held by Greystone Investment Management LLC
Greystone Investment Management LLC maintained its stake in shares of United Technologies Corp. (NYSE:UTX) during the second quarter, Holdings Channel reports. The firm owned 2,012 shares of the company’s stock at the end of the second quarter. Greystone Investment Management LLC’s holdings in United Technologies Corp. were worth $206,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Buffington Mohr McNeal boosted its stake in shares of United Technologies Corp. by 73.2% in the first quarter. Buffington Mohr McNeal now owns 6,179 shares of the company’s stock valued at $618,000 after buying an additional 2,611 shares during the last quarter. Horan Securities Inc. purchased a new stake in shares of United Technologies Corp. during the first quarter valued at approximately $1,395,000. Mn Services Vermogensbeheer B.V. purchased a new stake in shares of United Technologies Corp. during the first quarter valued at approximately $1,855,000. Aperio Group LLC boosted its stake in shares of United Technologies Corp. by 7.3% in the first quarter. Aperio Group LLC now owns 327,549 shares of the company’s stock valued at $32,788,000 after buying an additional 22,367 shares during the last quarter. Finally, Commonwealth Equity Services Inc boosted its stake in shares of United Technologies Corp. by 4.1% in the first quarter. Commonwealth Equity Services Inc now owns 256,061 shares of the company’s stock valued at $25,632,000 after buying an additional 10,135 shares during the last quarter. 80.18% of the stock is owned by institutional investors and hedge funds.
United Technologies Corp. (NYSE:UTX) traded up 0.31% on Friday, reaching $100.16. The company’s stock had a trading volume of 3,172,007 shares. The company has a market cap of $83.83 billion, a P/E ratio of 11.81 and a beta of 1.11. United Technologies Corp. has a 12 month low of $83.39 and a 12 month high of $109.83. The company has a 50-day moving average price of $102.80 and a 200 day moving average price of $103.25.
United Technologies Corp. (NYSE:UTX) last issued its earnings results on Tuesday, July 26th. The company reported $1.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.14. United Technologies Corp. had a return on equity of 18.14% and a net margin of 12.79%. The company earned $14.90 billion during the quarter, compared to the consensus estimate of $14.67 billion. During the same period in the previous year, the company posted $1.81 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities research analysts anticipate that United Technologies Corp. will post $6.58 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Friday, November 18th will be paid a dividend of $0.66 per share. The ex-dividend date is Wednesday, November 16th. This represents a $2.64 annualized dividend and a dividend yield of 2.64%. United Technologies Corp.’s dividend payout ratio is currently 31.13%.
Several equities research analysts recently commented on the company. Bank of America Corp. reissued a “buy” rating and issued a $130.00 price target (up previously from $115.00) on shares of United Technologies Corp. in a research note on Wednesday, July 27th. Jefferies Group reaffirmed a “buy” rating and set a $118.00 target price on shares of United Technologies Corp. in a research report on Wednesday, July 27th. Barclays PLC upped their target price on United Technologies Corp. from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 27th. Stifel Nicolaus reaffirmed a “hold” rating on shares of United Technologies Corp. in a research report on Sunday, July 31st. Finally, Zacks Investment Research raised United Technologies Corp. from a “sell” rating to a “hold” rating in a research report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $110.04.
In other news, insider Robert J. Mcdonough sold 3,100 shares of United Technologies Corp. stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $107.11, for a total transaction of $332,041.00. Following the completion of the transaction, the insider now directly owns 11,349 shares in the company, valued at approximately $1,215,591.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Charles D. Gill sold 7,144 shares of United Technologies Corp. stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $108.05, for a total value of $771,909.20. Following the transaction, the vice president now owns 55,278 shares of the company’s stock, valued at $5,972,787.90. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.
About United Technologies Corp.
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. Its Otis segment designs, manufactures, sells and installs a range of passenger and freight elevators, as well as a line of escalators and moving walkways.
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