Schulhoff & Co. Inc. Acquires New Position in United Technologies Corporation (UTX)
Schulhoff & Co. Inc. acquired a new stake in shares of United Technologies Corporation (NYSE:UTX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,652 shares of the conglomerate’s stock, valued at approximately $201,000.
A number of other hedge funds and other institutional investors have also modified their holdings of UTX. Harbour Capital Advisors LLC lifted its holdings in United Technologies Corporation by 11,652.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,127,156 shares of the conglomerate’s stock worth $17,420,000 after buying an additional 2,109,056 shares during the last quarter. Flossbach Von Storch AG lifted its holdings in United Technologies Corporation by 95.6% during the 2nd quarter. Flossbach Von Storch AG now owns 1,617,008 shares of the conglomerate’s stock worth $197,453,000 after buying an additional 790,496 shares during the last quarter. Swiss National Bank lifted its holdings in United Technologies Corporation by 25.2% during the 1st 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 during the last quarter. American Century Companies Inc. lifted its holdings in United Technologies Corporation by 15.8% during the 1st quarter. American Century Companies Inc. now owns 3,430,061 shares of the conglomerate’s stock worth $384,887,000 after buying an additional 468,515 shares during the last quarter. Finally, Karp Capital Management Corp bought a new position in United Technologies Corporation during the 1st quarter worth approximately $40,211,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.
A number of research firms have commented on UTX. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $135.00 target price (up previously from $130.00) on shares of United Technologies Corporation in a report on Friday, July 21st. Zacks Investment Research raised United Technologies Corporation from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. BidaskClub raised United Technologies Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Vertical Research downgraded United Technologies Corporation from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a report on Tuesday, September 5th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $125.00 target price on shares of United Technologies Corporation in a report on Sunday, August 13th. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. United Technologies Corporation presently has a consensus rating of “Hold” and an average target price of $125.15.
Shares of United Technologies Corporation (NYSE UTX) opened at $117.07 on Tuesday. United Technologies Corporation has a 1 year low of $106.21 and a 1 year high of $124.79. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91. The company has a market capitalization of $94,319.09, a P/E ratio of 17.84, a P/E/G ratio of 2.13 and a beta of 1.07.
United Technologies Corporation (NYSE:UTX) last posted its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, beating the consensus estimate of $1.68 by $0.05. United Technologies Corporation had a return on equity of 17.66% and a net margin of 8.79%. The firm had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. During the same period last year, the firm earned $1.76 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. equities analysts anticipate that United Technologies Corporation will post 6.61 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Friday, November 17th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, November 16th. United Technologies Corporation’s dividend payout ratio (DPR) is presently 43.41%.
In other news, EVP Michael R. Dumais sold 2,986 shares of United Technologies Corporation stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $120.98, for a total transaction of $361,246.28. Following the transaction, the executive vice president now directly owns 27,548 shares in the company, valued at approximately $3,332,757.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by company insiders.
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.
Want to see what other hedge funds are holding UTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Technologies Corporation (NYSE:UTX).
Receive News & Ratings for United Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Technologies Corporation and related companies with MarketBeat.com's FREE daily email newsletter.