Keel Point LLC Has $894,000 Position in United Technologies Corporation (UTX)
Keel Point LLC raised its stake in shares of United Technologies Corporation (NYSE:UTX) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,965 shares of the conglomerate’s stock after buying an additional 7 shares during the period. Keel Point LLC’s holdings in United Technologies Corporation were worth $894,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. Riggs Asset Managment Co. Inc. raised its stake in shares of United Technologies Corporation by 14.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock valued at $112,000 after buying an additional 125 shares in the last quarter. Alexandria Capital LLC raised its stake in shares of United Technologies Corporation by 0.4% in the first quarter. Alexandria Capital LLC now owns 1,075 shares of the conglomerate’s stock valued at $121,000 after buying an additional 4 shares in the last quarter. Paragon Capital Management Ltd acquired a new stake in shares of United Technologies Corporation during the first quarter valued at approximately $139,000. Thompson Davis & CO. Inc. raised its stake in shares of United Technologies Corporation by 22.9% in the first quarter. Thompson Davis & CO. Inc. now owns 1,338 shares of the conglomerate’s stock valued at $150,000 after buying an additional 249 shares in the last quarter. Finally, MCF Advisors LLC raised its stake in shares of United Technologies Corporation by 22.4% in the first quarter. MCF Advisors LLC now owns 1,550 shares of the conglomerate’s stock valued at $174,000 after buying an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 78.81% of the company’s stock.
Shares of United Technologies Corporation (NYSE UTX) traded up 0.11% during midday trading on Friday, reaching $116.89. The company’s stock had a trading volume of 2,090,943 shares. The stock has a market capitalization of $93.37 billion, a price-to-earnings ratio of 17.81 and a beta of 1.06. The company has a 50 day moving average of $121.18 and a 200-day moving average of $116.91. United Technologies Corporation has a 52 week low of $97.62 and a 52 week high of $124.79.
United Technologies Corporation (NYSE:UTX) last announced its earnings results on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $15.28 billion during the quarter, compared to analysts’ expectations of $15.24 billion. During the same period in the prior year, the company earned $1.82 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. Equities research analysts predict that United Technologies Corporation will post $6.58 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Friday, August 18th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.40%. This is a boost from United Technologies Corporation’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Wednesday, August 16th. United Technologies Corporation’s dividend payout ratio is presently 40.24%.
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Several brokerages have recently commented on UTX. BidaskClub upgraded United Technologies Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Jefferies Group LLC reiterated a “buy” rating and set a $132.00 price objective (up previously from $126.00) on shares of United Technologies Corporation in a report on Thursday, April 27th. Royal Bank Of Canada reiterated a “hold” rating and set a $125.00 price objective on shares of United Technologies Corporation in a report on Friday, June 2nd. 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 report on Friday, July 21st. Finally, 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. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average 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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