United Technologies Corporation (UTX) Stake Lifted by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. raised its position in United Technologies Corporation (NYSE:UTX) by 0.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 24,542 shares of the conglomerate’s stock after purchasing an additional 210 shares during the period. United Technologies Corporation accounts for approximately 1.3% of McKinley Carter Wealth Services Inc.’s portfolio, making the stock its 16th largest position. McKinley Carter Wealth Services Inc.’s holdings in United Technologies Corporation were worth $2,997,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of UTX. Boston Partners lifted its position in shares of United Technologies Corporation by 3.0% during the 1st quarter. Boston Partners now owns 5,385,002 shares of the conglomerate’s stock valued at $604,251,000 after acquiring an additional 158,696 shares during the period. Legal & General Group Plc lifted its position in shares of United Technologies Corporation by 1.3% during the 2nd quarter. Legal & General Group Plc now owns 3,729,056 shares of the conglomerate’s stock valued at $455,358,000 after acquiring an additional 46,813 shares during the period. Ameriprise Financial Inc. lifted its position in shares of United Technologies Corporation by 3.7% during the 1st quarter. Ameriprise Financial Inc. now owns 3,544,737 shares of the conglomerate’s stock valued at $397,774,000 after acquiring an additional 125,003 shares during the period. Diamond Hill Capital Management Inc. lifted its position in shares of United Technologies Corporation by 0.6% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 3,517,626 shares of the conglomerate’s stock valued at $429,537,000 after acquiring an additional 19,439 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its position in shares of United Technologies Corporation by 11.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 2,858,758 shares of the conglomerate’s stock valued at $320,781,000 after acquiring an additional 301,484 shares during the period. Hedge funds and other institutional investors own 78.80% of the company’s stock.

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Shares of United Technologies Corporation (UTX) opened at $118.80 on Wednesday. United Technologies Corporation has a one year low of $106.21 and a one year high of $124.79. The company has a quick ratio of 0.91, a current ratio of 1.31 and a debt-to-equity ratio of 0.76. The stock has a market cap of $95,000.00, a price-to-earnings ratio of 17.84, a PEG ratio of 2.13 and a beta of 1.07.

United Technologies Corporation (NYSE:UTX) last posted its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.05. United Technologies Corporation had a net margin of 8.79% and a return on equity of 17.66%. The firm had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same quarter in the prior year, the business posted $1.76 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. research analysts expect that United Technologies Corporation will post 6.61 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Friday, November 17th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.80 annualized dividend and a yield of 2.36%. United Technologies Corporation’s payout ratio is currently 43.34%.

In related news, EVP Michael R. Dumais sold 2,986 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $120.98, for a total transaction of $361,246.28. Following the completion of the transaction, the executive vice president now owns 27,548 shares in the company, valued at $3,332,757.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.16% of the stock is currently owned by corporate insiders.

A number of research analysts recently issued reports on UTX shares. Bank of America Corporation reiterated a “buy” rating and set a $140.00 target price on shares of United Technologies Corporation in a research report on Wednesday, September 6th. Deutsche Bank AG dropped their target price on shares of United Technologies Corporation from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Wednesday, September 6th. Vertical Research lowered shares of United Technologies Corporation from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research note on Tuesday, September 5th. Cowen and Company lowered shares of United Technologies Corporation from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $127.00 to $120.00 in a research note on Wednesday, September 6th. Finally, Stifel Nicolaus boosted their price target on shares of United Technologies Corporation from $122.00 to $124.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Fourteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $125.15.

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

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