Community Bank & Trust Waco Texas Invests $272,000 in United Technologies Corporation (UTX) Stock
Community Bank & Trust Waco Texas purchased a new position in United Technologies Corporation (NYSE:UTX) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,229 shares of the conglomerate’s stock, valued at approximately $272,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UTX. Tortoise Investment Management LLC lifted its stake in United Technologies Corporation by 5.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock valued at $117,000 after buying an additional 48 shares in the last quarter. Seven Bridges Advisors LLC purchased a new stake in United Technologies Corporation in the 2nd quarter valued at approximately $120,000. Winfield Associates Inc. lifted its stake in United Technologies Corporation by 2.9% in the 2nd quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock valued at $126,000 after buying an additional 29 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in United Technologies Corporation in the 2nd quarter valued at approximately $131,000. Finally, Alexandria Capital LLC lifted its stake in United Technologies Corporation by 0.3% in the 2nd quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock valued at $132,000 after buying an additional 3 shares in the last quarter. Institutional investors and hedge funds own 78.33% of the company’s stock.
In related news, EVP Michael R. Dumais sold 2,986 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $120.98, for a total value of $361,246.28. Following the transaction, the executive vice president now directly owns 27,548 shares of the company’s stock, valued at approximately $3,332,757.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.16% of the company’s stock.
United Technologies Corporation (NYSE UTX) opened at $116.73 on Friday. United Technologies Corporation has a 52 week low of $106.85 and a 52 week high of $124.79. The firm has a market capitalization of $93,217.07, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 2.10 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 0.91 and a debt-to-equity ratio of 0.76.
United Technologies Corporation (NYSE:UTX) last issued its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same quarter in the prior year, the company posted $1.76 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. sell-side analysts expect that United Technologies Corporation will post 6.61 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Thursday, November 16th. United Technologies Corporation’s dividend payout ratio is presently 43.41%.
A number of equities research analysts recently issued reports on the company. BidaskClub raised United Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Cowen Inc reaffirmed a “hold” rating and issued a $120.00 target price on shares of United Technologies Corporation in a research note on Tuesday, October 24th. Stifel Nicolaus upped their target price on United Technologies Corporation from $122.00 to $124.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised United Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of United Technologies Corporation in a research note on Thursday, July 27th. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $125.15.
United Technologies Corporation 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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