Sarasin & Partners LLP Has $111.25 Million Stock Position in United Technologies Co. (NYSE:UTX)

Sarasin & Partners LLP increased its position in United Technologies Co. (NYSE:UTX) by 4.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 854,420 shares of the conglomerate’s stock after purchasing an additional 35,488 shares during the quarter. United Technologies makes up 1.9% of Sarasin & Partners LLP’s portfolio, making the stock its 19th biggest position. Sarasin & Partners LLP owned 0.10% of United Technologies worth $111,245,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Quad Cities Investment Group LLC boosted its holdings in United Technologies by 62.1% during the second quarter. Quad Cities Investment Group LLC now owns 261 shares of the conglomerate’s stock worth $34,000 after buying an additional 100 shares during the last quarter. Massey Quick Simon & CO. LLC bought a new position in United Technologies during the first quarter worth about $47,000. Sageworth Trust Co bought a new position in United Technologies during the first quarter worth about $50,000. Canton Hathaway LLC boosted its holdings in United Technologies by 625.5% during the first quarter. Canton Hathaway LLC now owns 399 shares of the conglomerate’s stock worth $51,000 after buying an additional 344 shares during the last quarter. Finally, Spectrum Management Group Inc. lifted its holdings in shares of United Technologies by 133.0% during the 1st quarter. Spectrum Management Group Inc. now owns 466 shares of the conglomerate’s stock valued at $60,000 after purchasing an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 80.79% of the company’s stock.

Several research firms have weighed in on UTX. Cowen reaffirmed a “hold” rating and set a $13.00 price target on shares of AMAG Pharmaceuticals in a research report on Monday, June 24th. Royal Bank of Canada set a GBX 5,200 ($67.95) target price on London Stock Exchange Group and gave the stock a “buy” rating in a report on Wednesday, April 24th. William Blair restated a “hold” rating on shares of United Technologies in a research note on Monday, June 10th. Vertical Research upgraded United Technologies from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Friday, June 14th. Finally, Morgan Stanley upped their target price on United Technologies from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $152.21.

NYSE:UTX traded down $1.03 during mid-day trading on Tuesday, reaching $134.69. 108,112 shares of the company’s stock traded hands, compared to its average volume of 3,142,600. United Technologies Co. has a 12-month low of $100.48 and a 12-month high of $144.40. The firm has a market cap of $116.83 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.93 and a beta of 1.23. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.05 and a quick ratio of 0.74. The firm’s 50 day moving average is $130.69.

United Technologies (NYSE:UTX) last issued its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.16. The firm had revenue of $19.63 billion for the quarter, compared to analysts’ expectations of $19.58 billion. United Technologies had a return on equity of 16.81% and a net margin of 7.13%. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.97 EPS. On average, research analysts expect that United Technologies Co. will post 8 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be paid a $0.735 dividend. The ex-dividend date is Thursday, August 15th. This represents a $2.94 annualized dividend and a dividend yield of 2.18%. United Technologies’s dividend payout ratio (DPR) is 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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