YorkBridge Wealth Partners LLC Grows Stock Holdings in United Technologies Co. (NYSE:UTX)

YorkBridge Wealth Partners LLC increased its stake in shares of United Technologies Co. (NYSE:UTX) by 10.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,642 shares of the conglomerate’s stock after purchasing an additional 1,158 shares during the period. YorkBridge Wealth Partners LLC’s holdings in United Technologies were worth $1,726,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound View Wealth Advisors Group LLC acquired a new position in shares of United Technologies in the 2nd quarter valued at about $2,049,000. Great Valley Advisor Group Inc. increased its holdings in United Technologies by 276.0% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 11,743 shares of the conglomerate’s stock worth $1,526,000 after purchasing an additional 8,620 shares during the last quarter. Farr Miller & Washington LLC DC increased its holdings in United Technologies by 0.5% during the 2nd quarter. Farr Miller & Washington LLC DC now owns 383,785 shares of the conglomerate’s stock worth $49,969,000 after purchasing an additional 2,017 shares during the last quarter. BTR Capital Management Inc. increased its holdings in United Technologies by 1.6% during the 2nd quarter. BTR Capital Management Inc. now owns 87,006 shares of the conglomerate’s stock worth $11,328,000 after purchasing an additional 1,398 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in United Technologies by 50.3% during the 2nd quarter. Captrust Financial Advisors now owns 58,174 shares of the conglomerate’s stock worth $7,574,000 after purchasing an additional 19,474 shares during the last quarter. 80.73% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Charles D. Gill sold 26,542 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $131.42, for a total transaction of $3,488,149.64. Following the completion of the transaction, the vice president now owns 103,458 shares in the company, valued at approximately $13,596,450.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Elizabeth B. Amato sold 4,113 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $137.18, for a total value of $564,221.34. Following the transaction, the executive vice president now owns 31,501 shares of the company’s stock, valued at approximately $4,321,307.18. The disclosure for this sale can be found here. Insiders have sold a total of 103,123 shares of company stock valued at $13,787,015 in the last 90 days. Insiders own 0.15% of the company’s stock.

Several equities research analysts have issued reports on the company. Bank of America restated a “buy” rating and set a $195.00 price objective (up from $185.00) on shares of United Technologies in a report on Thursday, July 25th. William Blair restated a “hold” rating on shares of United Technologies in a report on Tuesday, September 3rd. Credit Suisse Group assumed coverage on United Technologies in a report on Thursday, October 3rd. They set an “outperform” rating and a $164.00 price objective on the stock. Zacks Investment Research downgraded United Technologies from a “strong-buy” rating to a “hold” rating and set a $151.00 price objective on the stock. in a report on Friday, July 19th. Finally, Cowen restated a “buy” rating and set a $150.00 price objective on shares of United Technologies in a report on Wednesday, September 4th. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $154.81.

Shares of NYSE UTX traded up $1.39 during trading on Monday, reaching $138.20. The stock had a trading volume of 802,337 shares, compared to its average volume of 2,668,313. United Technologies Co. has a one year low of $100.48 and a one year high of $144.40. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.74 and a current ratio of 1.05. The stock has a market cap of $119.23 billion, a PE ratio of 18.16, a P/E/G ratio of 2.41 and a beta of 1.21. The firm’s 50 day moving average price is $134.56 and its two-hundred day moving average price is $132.61.

United Technologies (NYSE:UTX) last issued its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $2.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.04 by $0.16. United Technologies had a return on equity of 16.81% and a net margin of 7.13%. The business had revenue of $19.63 billion during the quarter, compared to the consensus estimate of $19.58 billion. During the same period in the previous year, the business earned $1.97 EPS. The business’s quarterly revenue was up 17.5% on a year-over-year basis. On average, research analysts expect that United Technologies Co. will post 8.03 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a $0.735 dividend. The ex-dividend date is Thursday, November 14th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.13%. United Technologies’s dividend payout ratio (DPR) is 38.63%.

About United Technologies

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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