Marathon Asset Management LLP Trims Position in United Technologies Co. (UTX)

Marathon Asset Management LLP lessened its position in shares of United Technologies Co. (NYSE:UTX) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 477,860 shares of the conglomerate’s stock after selling 11,469 shares during the quarter. Marathon Asset Management LLP owned 0.06% of United Technologies worth $66,808,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of UTX. Credit Agricole S A increased its position in United Technologies by 101.4% in the second quarter. Credit Agricole S A now owns 866 shares of the conglomerate’s stock worth $109,000 after buying an additional 436 shares in the last quarter. Jolley Asset Management LLC purchased a new stake in United Technologies in the second quarter worth about $114,000. Fort L.P. purchased a new stake in United Technologies in the second quarter worth about $120,000. WP Advisors LLC purchased a new stake in United Technologies in the second quarter worth about $126,000. Finally, Kiley Juergens Wealth Management LLC purchased a new stake in United Technologies in the second quarter worth about $127,000. Institutional investors own 81.64% of the company’s stock.

UTX has been the subject of a number of analyst reports. Robert W. Baird upped their price target on United Technologies from $156.00 to $167.00 and gave the stock a “neutral” rating in a research report on Thursday, September 20th. Zacks Investment Research cut United Technologies from a “buy” rating to a “hold” rating in a research report on Friday, October 26th. ValuEngine cut United Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Finally, Royal Bank of Canada reduced 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. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. United Technologies has an average rating of “Buy” and a consensus target price of $151.90.

NYSE UTX opened at $131.34 on Friday. The stock has a market capitalization of $102.48 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 1.94 and a beta of 1.09. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.52 and a quick ratio of 1.17. United Technologies Co. has a twelve month low of $115.40 and a twelve month high of $144.15.

United Technologies (NYSE:UTX) last released its quarterly earnings data on Tuesday, October 23rd. The conglomerate reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.11. The firm had revenue of $16.51 billion during the quarter, compared to analyst estimates of $16.10 billion. United Technologies had a return on equity of 17.70% and a net margin of 7.76%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.73 earnings per share. Equities research analysts predict that United Technologies Co. will post 7.27 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be paid a $0.735 dividend. This is a positive change 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 dividend on an annualized basis and a dividend yield of 2.24%. United Technologies’s dividend payout ratio is 42.11%.

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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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