James Hambro & Partners boosted its holdings in United Technologies Co. (NYSE:UTX) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 213,311 shares of the conglomerate’s stock after buying an additional 10,285 shares during the quarter. United Technologies makes up approximately 10.4% of James Hambro & Partners’ investment portfolio, making the stock its 5th largest position. James Hambro & Partners’ holdings in United Technologies were worth $29,820,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FMR LLC increased its position in United Technologies by 2.7% during the 2nd quarter. FMR LLC now owns 26,461,071 shares of the conglomerate’s stock valued at $3,308,428,000 after purchasing an additional 707,417 shares during the period. Third Point LLC increased its position in United Technologies by 7.0% during the 2nd quarter. Third Point LLC now owns 7,600,000 shares of the conglomerate’s stock valued at $950,228,000 after purchasing an additional 500,000 shares during the period. Boston Partners increased its position in United Technologies by 25.0% during the 2nd quarter. Boston Partners now owns 6,752,295 shares of the conglomerate’s stock valued at $844,240,000 after purchasing an additional 1,349,539 shares during the period. Fisher Asset Management LLC increased its position in United Technologies by 3.8% during the 2nd quarter. Fisher Asset Management LLC now owns 4,086,665 shares of the conglomerate’s stock valued at $510,956,000 after purchasing an additional 150,259 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in United Technologies by 13.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,490,898 shares of the conglomerate’s stock valued at $436,463,000 after purchasing an additional 402,311 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

In related news, VP Charles D. Gill sold 14,255 shares of United Technologies stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $136.43, for a total value of $1,944,809.65. Following the completion of the sale, the vice president now owns 55,029 shares of the company’s stock, valued at approximately $7,507,606.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Robert J. Bailey sold 828 shares of United Technologies stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $134.75, for a total transaction of $111,573.00. Following the completion of the sale, the vice president now directly owns 2,000 shares of the company’s stock, valued at approximately $269,500. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,511 shares of company stock valued at $2,521,974. Insiders own 0.17% of the company’s stock.

Shares of UTX stock opened at $128.68 on Friday. The company has a market cap of $104.07 billion, a PE ratio of 19.35, a P/E/G ratio of 1.97 and a beta of 0.98. United Technologies Co. has a 52 week low of $115.40 and a 52 week high of $144.15. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.46 and a quick ratio of 1.10.

United Technologies (NYSE:UTX) last announced its quarterly earnings data on Tuesday, July 24th. The conglomerate reported $1.97 EPS for the quarter, topping the consensus estimate of $1.85 by $0.12. The company had revenue of $16.71 billion during the quarter, compared to the consensus estimate of $16.26 billion. United Technologies had a net margin of 8.09% and a return on equity of 17.53%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.85 EPS. On average, sell-side analysts expect that United Technologies Co. will post 7.23 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be given a dividend of $0.735 per share. This is an increase from United Technologies’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $2.94 annualized dividend and a dividend yield of 2.28%. United Technologies’s dividend payout ratio (DPR) is 42.11%.

A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of United Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Robert W. Baird increased their target price on shares of United Technologies from $156.00 to $167.00 and gave the company a “neutral” rating in a research report on Thursday, September 20th. ValuEngine raised shares of United Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. UBS Group assumed coverage on shares of United Technologies in a research report on Wednesday, August 15th. They set a “buy” rating for the company. Finally, Jefferies Financial Group set a $157.00 price objective on shares of United Technologies and gave the stock a “buy” rating in a research report on Tuesday, July 10th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $149.70.

United Technologies Profile

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.

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Institutional Ownership by Quarter for United Technologies (NYSE:UTX)

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