First National Bank of Omaha Has $12.46 Million Stake in United Technologies Corporation (NYSE:UTX)
First National Bank of Omaha decreased its position in United Technologies Corporation (NYSE:UTX) by 1.4% during the second quarter, Holdings Channel reports. The institutional investor owned 101,992 shares of the conglomerate’s stock after selling 1,455 shares during the period. United Technologies Corporation makes up about 0.8% of First National Bank of Omaha’s holdings, making the stock its 25th largest position. First National Bank of Omaha’s holdings in United Technologies Corporation were worth $12,455,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the company. Swiss National Bank increased its position in shares of United Technologies Corporation by 25.2% in the first quarter. Swiss National Bank now owns 2,771,721 shares of the conglomerate’s stock worth $311,015,000 after buying an additional 557,300 shares in the last quarter. American Century Companies Inc. boosted its stake in United Technologies Corporation by 15.8% in the first quarter. American Century Companies Inc. now owns 3,430,061 shares of the conglomerate’s stock valued at $384,887,000 after buying an additional 468,515 shares during the last quarter. Karp Capital Management Corp acquired a new stake in United Technologies Corporation during the first quarter valued at $40,211,000. UBS Asset Management Americas Inc. boosted its stake in United Technologies Corporation by 11.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,858,758 shares of the conglomerate’s stock valued at $320,781,000 after buying an additional 301,484 shares during the last quarter. Finally, Bank of Nova Scotia boosted its stake in United Technologies Corporation by 841.0% in the first quarter. Bank of Nova Scotia now owns 262,411 shares of the conglomerate’s stock valued at $29,445,000 after buying an additional 234,525 shares during the last quarter. 78.81% of the stock is owned by institutional investors and hedge funds.
United Technologies Corporation (NYSE UTX) traded down 1.73% during midday trading on Monday, hitting $119.39. The stock had a trading volume of 1,739,781 shares. The firm has a market cap of $95.37 billion, a PE ratio of 18.19 and a beta of 1.06. United Technologies Corporation has a one year low of $97.62 and a one year high of $124.79. The stock has a 50-day moving average price of $121.70 and a 200 day moving average price of $116.57.
United Technologies Corporation (NYSE:UTX) last issued its earnings results on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, topping the consensus estimate of $1.78 by $0.07. The company had revenue of $15.28 billion during the quarter, compared to analyst estimates of $15.24 billion. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 EPS. On average, analysts predict that United Technologies Corporation will post $6.59 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Friday, August 18th will be given a $0.70 dividend. This is a positive change from United Technologies Corporation’s previous quarterly dividend of $0.66. The ex-dividend date is Wednesday, August 16th. This represents a $2.80 annualized dividend and a dividend yield of 2.30%. United Technologies Corporation’s dividend payout ratio (DPR) is presently 40.24%.
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Several equities research analysts recently weighed in on UTX shares. Zacks Investment Research upgraded United Technologies Corporation from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research note on Tuesday, May 16th. UBS AG boosted their target price on United Technologies Corporation to $135.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Jefferies Group LLC restated a “buy” rating on shares of United Technologies Corporation in a research note on Thursday, July 27th. Royal Bank Of Canada restated a “neutral” rating on shares of United Technologies Corporation in a research note on Thursday, April 27th. Finally, Morgan Stanley boosted their target price on United Technologies Corporation from $120.00 to $123.00 and gave the stock an “overweight” rating in a research note on Friday, April 28th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $123.54.
United Technologies Corporation 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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