United Technologies Co. (NYSE:UTX) Shares Sold by Fishman Jay A Ltd. MI

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Fishman Jay A Ltd. MI lessened its stake in United Technologies Co. (NYSE:UTX) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,867 shares of the conglomerate’s stock after selling 400 shares during the period. United Technologies accounts for approximately 0.8% of Fishman Jay A Ltd. MI’s portfolio, making the stock its 29th largest position. Fishman Jay A Ltd. MI’s holdings in United Technologies were worth $4,350,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in United Technologies by 1.1% during the second quarter. Vanguard Group Inc. now owns 68,834,966 shares of the conglomerate’s stock worth $8,962,313,000 after purchasing an additional 777,327 shares in the last quarter. Morgan Stanley increased its holdings in United Technologies by 2.0% in the second quarter. Morgan Stanley now owns 11,814,971 shares of the conglomerate’s stock valued at $1,538,310,000 after buying an additional 231,073 shares in the last quarter. Fisher Asset Management LLC increased its holdings in United Technologies by 2.5% in the third quarter. Fisher Asset Management LLC now owns 4,727,841 shares of the conglomerate’s stock valued at $645,445,000 after buying an additional 117,400 shares in the last quarter. Jensen Investment Management Inc. increased its holdings in United Technologies by 24.7% in the second quarter. Jensen Investment Management Inc. now owns 3,968,549 shares of the conglomerate’s stock valued at $516,705,000 after buying an additional 785,493 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in United Technologies by 3.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,913,669 shares of the conglomerate’s stock valued at $509,560,000 after buying an additional 128,576 shares in the last quarter. Institutional investors own 80.62% of the company’s stock.

In related news, VP Charles D. Gill sold 26,542 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $131.42, for a total transaction of $3,488,149.64. Following the sale, the vice president now owns 103,458 shares in the company, valued at $13,596,450.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Robert J. Bailey sold 1,299 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $149.17, for a total transaction of $193,771.83. Following the sale, the vice president now owns 2,600 shares in the company, valued at approximately $387,842. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,306 shares of company stock worth $25,914,056. 0.15% of the stock is owned by company insiders.

A number of research analysts have issued reports on the stock. Bank of America reaffirmed a “buy” rating and issued a $195.00 target price (up from $185.00) on shares of United Technologies in a report on Thursday, July 25th. Credit Suisse Group set a $162.00 target price on shares of United Technologies and gave the company a “buy” rating in a report on Friday, October 25th. Cowen reaffirmed a “buy” rating and issued a $150.00 target price on shares of United Technologies in a report on Wednesday, September 4th. Barclays increased their target price on shares of United Technologies from $149.00 to $153.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of United Technologies from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $154.69.

Shares of UTX stock traded up $0.15 during trading hours on Friday, hitting $148.88. The company’s stock had a trading volume of 1,668,146 shares, compared to its average volume of 3,289,642. The business has a fifty day moving average of $138.67 and a 200-day moving average of $133.63. The stock has a market cap of $127.63 billion, a price-to-earnings ratio of 19.56, a P/E/G ratio of 2.07 and a beta of 1.22. United Technologies Co. has a twelve month low of $100.48 and a twelve month high of $149.35. The company has a current ratio of 1.06, a quick ratio of 0.75 and a debt-to-equity ratio of 0.93.

United Technologies (NYSE:UTX) last released its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $2.21 EPS for the quarter, beating the consensus estimate of $2.03 by $0.18. The business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.31 billion. United Technologies had a net margin of 6.72% and a return on equity of 16.81%. The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.93 earnings per share. On average, equities analysts expect that United Technologies Co. will post 8.13 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a dividend of $0.735 per share. The ex-dividend date is Thursday, November 14th. This represents a $2.94 dividend on an annualized basis and a yield of 1.97%. United Technologies’s dividend payout ratio (DPR) is currently 38.63%.

United Technologies Company 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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