Loomis Sayles & Co. L P reduced its holdings in United Technologies Co. (NYSE:UTX) by 64.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,701 shares of the conglomerate’s stock after selling 204,255 shares during the quarter. Loomis Sayles & Co. L P’s holdings in United Technologies were worth $15,756,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Credit Agricole S A grew its position in United Technologies by 101.4% during the second quarter. Credit Agricole S A now owns 866 shares of the conglomerate’s stock valued at $109,000 after acquiring an additional 436 shares during the period. Psagot Investment House Ltd. purchased a new stake in United Technologies during the third quarter valued at about $134,000. Fort L.P. purchased a new stake in United Technologies during the second quarter valued at about $120,000. Adalta Capital Management LLC purchased a new stake in United Technologies during the second quarter valued at about $163,000. Finally, Kiley Juergens Wealth Management LLC grew its position in United Technologies by 42.6% during the third quarter. Kiley Juergens Wealth Management LLC now owns 1,453 shares of the conglomerate’s stock valued at $203,000 after acquiring an additional 434 shares during the period. Hedge funds and other institutional investors own 82.10% of the company’s stock.

Shares of NYSE UTX opened at $119.45 on Friday. United Technologies Co. has a 1-year low of $115.40 and a 1-year high of $144.15. The company has a quick ratio of 1.17, a current ratio of 1.52 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $96.81 billion, a PE ratio of 17.96, a P/E/G ratio of 1.84 and a beta of 1.07.

United Technologies (NYSE:UTX) last issued its earnings results on Tuesday, October 23rd. The conglomerate reported $1.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.11. United Technologies had a return on equity of 17.70% and a net margin of 7.76%. The company had revenue of $16.51 billion during the quarter, compared to the consensus estimate of $16.10 billion. During the same quarter in the prior year, the business earned $1.73 earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year. On average, research analysts anticipate that United Technologies Co. will post 7.18 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be given a $0.735 dividend. 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 2.46%. United Technologies’s dividend payout ratio is presently 44.21%.

A number of equities research analysts have issued reports on the company. UBS Group assumed coverage on United Technologies in a research report on Wednesday, August 15th. They set a “buy” rating for the company. ValuEngine raised United Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. Royal Bank of Canada lowered their price target on United Technologies to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, October 24th. Cowen reissued a “hold” rating and set a $141.00 price target on shares of United Technologies in a research report on Thursday. Finally, Zacks Investment Research raised United Technologies from a “hold” rating to a “buy” rating and set a $159.00 price target for the company in a research report on Tuesday, September 25th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. United Technologies has an average rating of “Buy” and a consensus price target of $151.58.

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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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