Full Sail Capital LLC boosted its stake in shares of United Technologies Co. (NYSE:UTX) by 13.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,818 shares of the conglomerate’s stock after buying an additional 444 shares during the quarter. Full Sail Capital LLC’s holdings in United Technologies were worth $566,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of UTX. Phocas Financial Corp. acquired a new stake in United Technologies during the 2nd quarter valued at $25,000. Krane Funds Advisors LLC acquired a new position in shares of United Technologies in the second quarter worth approximately $26,000. Transamerica Financial Advisors Inc. bought a new stake in United Technologies in the second quarter worth approximately $30,000. American National Bank bought a new stake in shares of United Technologies during the third quarter valued at approximately $34,000. Finally, Financial Management Professionals Inc. grew its holdings in United Technologies by 3,600.0% during the third quarter. Financial Management Professionals Inc. now owns 259 shares of the conglomerate’s stock worth $35,000 after buying an additional 252 shares in the last quarter. Institutional investors own 80.99% of the company’s stock.
United Technologies stock traded up $0.79 during mid-day trading on Wednesday, reaching $144.52. 3,035,213 shares of the company were exchanged, compared to its average volume of 3,440,024. United Technologies Co. has a 12-month low of $100.48 and a 12-month high of $149.81. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.75 and a current ratio of 1.06. The business has a fifty day moving average of $145.08 and a 200 day moving average of $134.78. The firm has a market cap of $128.06 billion, a P/E ratio of 18.99, a PEG ratio of 2.07 and a beta of 1.22.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a $0.735 dividend. This represents a $2.94 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, November 14th. United Technologies’s dividend payout ratio (DPR) is presently 38.63%.
In related news, CFO Akhil Johri sold 4,680 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $135.29, for a total transaction of $633,157.20. Following the completion of the sale, the chief financial officer now directly owns 67,345 shares of the company’s stock, valued at approximately $9,111,105.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gregory Hayes sold 19,542 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $133.35, for a total transaction of $2,605,925.70. Following the sale, the chief executive officer now directly owns 246,111 shares of the company’s stock, valued at $32,818,901.85. The disclosure for this sale can be found here. Insiders have sold 158,764 shares of company stock worth $22,425,907 in the last three months. Insiders own 0.15% of the company’s stock.
Several research analysts have weighed in on the company. William Blair reissued a “hold” rating on shares of United Technologies in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. boosted their price objective on United Technologies from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Sanford C. Bernstein boosted their price objective on United Technologies from $143.00 to $154.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 17th. Credit Suisse Group set a $162.00 price objective on United Technologies and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Cowen upped their price target on United Technologies from $150.00 to $169.00 and gave the company an “outperform” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $157.21.
About United Technologies
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.
Further Reading: Sell-Side Analysts
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