Stone Run Capital LLC Has $814,000 Stake in United Technologies Corporation (UTX)
Stone Run Capital LLC held its position in shares of United Technologies Corporation (NYSE:UTX) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,250 shares of the conglomerate’s stock at the end of the first quarter. Stone Run Capital LLC’s holdings in United Technologies Corporation were worth $814,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Beacon Financial Group raised its position in shares of United Technologies Corporation by 16.3% in the first quarter. Beacon Financial Group now owns 7,832 shares of the conglomerate’s stock valued at $880,000 after buying an additional 1,096 shares during the period. Pensionfund Sabic purchased a new position in shares of United Technologies Corporation during the first quarter valued at $2,469,000. Pensionfund DSM Netherlands purchased a new position in shares of United Technologies Corporation during the first quarter valued at $4,926,000. Park National Corp OH raised its position in shares of United Technologies Corporation by 1.5% in the first quarter. Park National Corp OH now owns 19,375 shares of the conglomerate’s stock valued at $2,174,000 after buying an additional 291 shares during the period. Finally, First Financial Bank N.A. Trust Division raised its position in shares of United Technologies Corporation by 4.2% in the first quarter. First Financial Bank N.A. Trust Division now owns 38,643 shares of the conglomerate’s stock valued at $4,336,000 after buying an additional 1,571 shares during the period. 78.81% of the stock is owned by institutional investors and hedge funds.
Shares of United Technologies Corporation (NYSE UTX) traded down 0.64% during midday trading on Thursday, hitting $116.45. The company had a trading volume of 648,166 shares. The firm has a market capitalization of $93.02 billion, a P/E ratio of 17.74 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 price of $121.48 and a 200 day moving average price of $116.87.
United Technologies Corporation (NYSE:UTX) last posted its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.07. United Technologies Corporation had a net margin of 9.15% and a return on equity of 18.07%. The company had revenue of $15.28 billion for the quarter, compared to analyst estimates of $15.24 billion. During the same period in the prior year, the company posted $1.82 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts anticipate that United Technologies Corporation will post $6.58 EPS for the current fiscal year.
The company 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 positive change from United Technologies Corporation’s previous quarterly dividend of $0.66. This represents a $2.80 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Wednesday, August 16th. United Technologies Corporation’s dividend payout ratio is 40.24%.
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UTX has been the subject of several research reports. Royal Bank Of Canada reissued a “neutral” rating on shares of United Technologies Corporation in a report on Thursday, April 27th. Jefferies Group LLC reissued a “buy” rating and set a $132.00 price objective (up from $126.00) on shares of United Technologies Corporation in a report on Thursday, April 27th. 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 report on Friday, April 28th. Morgan Stanley increased their target price on United Technologies Corporation from $120.00 to $123.00 and gave the stock an “overweight” rating in a research report on Friday, April 28th. Finally, Vetr upgraded United Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently 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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