United Technologies Corporation (NYSE:UTX) Shares Bought by Delta Lloyd NV
Delta Lloyd NV boosted its position in United Technologies Corporation (NYSE:UTX) by 29.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 117,083 shares of the conglomerate’s stock after buying an additional 26,380 shares during the period. Delta Lloyd NV’s holdings in United Technologies Corporation were worth $13,932,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in UTX. Alexandria Capital LLC increased its stake in United Technologies Corporation by 0.4% in the first quarter. Alexandria Capital LLC now owns 1,075 shares of the conglomerate’s stock worth $121,000 after buying an additional 4 shares during the period. TCI Wealth Advisors Inc. increased its stake in United Technologies Corporation by 0.3% in the first quarter. TCI Wealth Advisors Inc. now owns 2,501 shares of the conglomerate’s stock worth $281,000 after buying an additional 7 shares during the period. Jackson Grant Investment Advisers Inc. increased its stake in United Technologies Corporation by 0.5% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,780 shares of the conglomerate’s stock worth $200,000 after buying an additional 9 shares during the period. First Command Financial Services Inc. increased its stake in United Technologies Corporation by 0.3% in the first quarter. First Command Financial Services Inc. now owns 3,573 shares of the conglomerate’s stock worth $401,000 after buying an additional 11 shares during the period. Finally, Kissinger Financial Services LLC increased its stake in United Technologies Corporation by 0.6% in the first quarter. Kissinger Financial Services LLC now owns 2,084 shares of the conglomerate’s stock worth $234,000 after buying an additional 12 shares during the period. Hedge funds and other institutional investors own 78.81% of the company’s stock.
United Technologies Corporation (UTX) opened at 121.49 on Monday. The firm has a market capitalization of $97.04 billion, a P/E ratio of 18.51 and a beta of 1.06. United Technologies Corporation has a 1-year low of $97.62 and a 1-year high of $124.79. The stock has a 50 day moving average of $121.70 and a 200-day moving average of $116.57.
United Technologies Corporation (NYSE:UTX) last posted its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, beating the consensus estimate of $1.78 by $0.07. The business had revenue of $15.28 billion for the quarter, compared to analysts’ expectations of $15.24 billion. United Technologies Corporation had a net margin of 9.15% and a return on equity of 18.07%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 EPS. On average, equities research analysts anticipate that United Technologies Corporation will post $6.59 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Friday, August 18th will be given a $0.70 dividend. This is a boost from United Technologies Corporation’s previous quarterly dividend of $0.66. This represents a $2.80 annualized dividend and a yield of 2.30%. The ex-dividend date is Wednesday, August 16th. United Technologies Corporation’s payout ratio is currently 40.24%.
A number of equities research analysts have recently commented on the company. Zacks Investment Research downgraded United Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. BidaskClub upgraded United Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Monday. Deutsche Bank AG increased their price objective on United Technologies Corporation from $115.00 to $120.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Sanford C. Bernstein reiterated a “market perform” rating and set a $135.00 price objective (up previously from $130.00) on shares of United Technologies Corporation in a research report on Friday, July 21st. Finally, Vetr upgraded United Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $123.54.
About United Technologies Corporation
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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