United Technologies Co. (UTX) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank increased its position in United Technologies Co. (NYSE:UTX) by 10.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 319,184 shares of the conglomerate’s stock after acquiring an additional 30,339 shares during the quarter. Toronto Dominion Bank’s holdings in United Technologies were worth $37,056,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Alexandria Capital LLC boosted its position in United Technologies by 0.3% during the 2nd quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock valued at $132,000 after acquiring an additional 3 shares in the last quarter. Rowland & Co. Investment Counsel ADV boosted its position in United Technologies by 0.3% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock valued at $143,000 after acquiring an additional 3 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its position in United Technologies by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 1,788 shares of the conglomerate’s stock valued at $218,000 after acquiring an additional 8 shares in the last quarter. Kissinger Financial Services LLC boosted its position in United Technologies by 0.5% during the 2nd quarter. Kissinger Financial Services LLC now owns 2,095 shares of the conglomerate’s stock valued at $256,000 after acquiring an additional 11 shares in the last quarter. Finally, Vigilant Capital Management LLC boosted its position in United Technologies by 0.7% during the 2nd quarter. Vigilant Capital Management LLC now owns 1,891 shares of the conglomerate’s stock valued at $231,000 after acquiring an additional 14 shares in the last quarter. 80.07% of the stock is currently owned by institutional investors.

UTX has been the topic of several recent research reports. Stifel Nicolaus increased their target price on United Technologies from $122.00 to $124.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Atlantic Securities raised United Technologies from a “neutral” rating to an “overweight” rating in a research report on Tuesday, December 5th. Zacks Investment Research cut United Technologies from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Cowen reaffirmed a “hold” rating and set a $120.00 target price on shares of United Technologies in a research report on Tuesday, October 24th. Finally, Royal Bank of Canada set a $126.00 price objective on United Technologies and gave the stock a “hold” rating in a research report on Sunday, November 12th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. United Technologies presently has an average rating of “Hold” and a consensus price target of $125.63.

In related news, VP Robert J. Bailey sold 864 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $126.01, for a total value of $108,872.64. Following the completion of the transaction, the vice president now owns 2,000 shares in the company, valued at approximately $252,020. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert J. Bailey sold 827 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $118.06, for a total value of $97,635.62. The disclosure for this sale can be found here. Insiders sold a total of 16,466 shares of company stock valued at $2,019,274 in the last 90 days. 0.16% of the stock is currently owned by company insiders.

United Technologies Co. (NYSE:UTX) opened at $136.58 on Friday. The stock has a market capitalization of $109,070.00, a price-to-earnings ratio of 21.14, a P/E/G ratio of 2.29 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91. United Technologies Co. has a 52 week low of $106.85 and a 52 week high of $136.58.

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

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

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