Checchi Capital Advisers LLC Buys 1,082 Shares of United Technologies Co. (UTX)
Checchi Capital Advisers LLC grew its stake in shares of United Technologies Co. (NYSE:UTX) by 16.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,621 shares of the conglomerate’s stock after purchasing an additional 1,082 shares during the quarter. Checchi Capital Advisers LLC’s holdings in United Technologies were worth $972,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of UTX. FMR LLC grew its holdings in shares of United Technologies by 13.2% during the second quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock valued at $2,514,316,000 after purchasing an additional 2,401,795 shares during the last quarter. Stifel Financial Corp boosted its position in shares of United Technologies by 14,827.8% during the third quarter. Stifel Financial Corp now owns 1,079,875 shares of the conglomerate’s stock worth $125,442,000 after buying an additional 1,072,641 shares during the period. Vanguard Group Inc. boosted its position in shares of United Technologies by 1.6% during the second quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock worth $6,693,250,000 after buying an additional 848,623 shares during the period. Parametric Portfolio Associates LLC boosted its position in shares of United Technologies by 50.9% during the second quarter. Parametric Portfolio Associates LLC now owns 2,244,427 shares of the conglomerate’s stock worth $274,067,000 after buying an additional 756,600 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of United Technologies by 325.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 880,900 shares of the conglomerate’s stock worth $107,567,000 after buying an additional 673,800 shares during the period. 82.38% of the stock is owned by institutional investors.
Several equities analysts have recently issued reports on the company. ValuEngine upgraded United Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Cowen reiterated a “hold” rating and set a $141.00 price objective on shares of United Technologies in a research report on Thursday, January 25th. Stifel Nicolaus reiterated a “hold” rating and set a $146.00 price objective (up from $124.00) on shares of United Technologies in a research report on Thursday, January 25th. Sanford C. Bernstein reiterated a “positive” rating and set a $153.00 price objective (up from $135.00) on shares of United Technologies in a research report on Tuesday, January 30th. Finally, Zacks Investment Research downgraded United Technologies from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. United Technologies currently has a consensus rating of “Buy” and a consensus target price of $137.20.
Shares of United Technologies Co. (NYSE UTX) opened at $129.58 on Thursday. The firm has a market capitalization of $103,640.00, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.35 and a quick ratio of 0.94. United Technologies Co. has a 52-week low of $109.10 and a 52-week high of $139.24.
United Technologies (NYSE:UTX) last released its earnings results on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.04. The firm had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $15.34 billion. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.56 earnings per share. equities analysts predict that United Technologies Co. will post 7.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Shareholders of record on Friday, February 16th were given a $0.70 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.80 dividend on an annualized basis and a yield of 2.16%. United Technologies’s dividend payout ratio (DPR) is 42.68%.
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United Technologies 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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