United Technologies Co. (NYSE:UTX) Shares Sold by Lincoln Capital LLC

Lincoln Capital LLC lessened its position in United Technologies Co. (NYSE:UTX) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,535 shares of the conglomerate’s stock after selling 1,147 shares during the period. United Technologies makes up 2.3% of Lincoln Capital LLC’s portfolio, making the stock its 16th biggest position. Lincoln Capital LLC’s holdings in United Technologies were worth $5,124,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of United Technologies by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 68,834,966 shares of the conglomerate’s stock worth $8,962,313,000 after acquiring an additional 777,327 shares during the period. Morgan Stanley increased its stake in United Technologies by 2.0% during the 2nd 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 during the period. Fisher Asset Management LLC increased its stake in United Technologies by 3.4% during the 2nd quarter. Fisher Asset Management LLC now owns 4,610,441 shares of the conglomerate’s stock valued at $600,279,000 after buying an additional 151,889 shares during the period. Jensen Investment Management Inc. increased its stake in United Technologies by 24.7% during the 2nd 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 during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in United Technologies by 3.4% during the 2nd 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 during the period. 80.73% of the stock is currently owned by institutional investors and hedge funds.

In other United Technologies news, VP Robert J. Bailey sold 831 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $135.09, for a total value of $112,259.79. Following the completion of the transaction, the vice president now directly owns 2,000 shares in the company, valued at $270,180. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Charles D. Gill sold 26,542 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $13,596,450.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,123 shares of company stock valued at $13,787,015. Insiders own 0.15% of the company’s stock.

UTX has been the topic of several research analyst reports. Credit Suisse Group initiated coverage on shares of United Technologies in a research note on Thursday, October 3rd. They set an “outperform” rating and a $164.00 target price on the stock. William Blair reissued a “hold” rating on shares of United Technologies in a research note on Tuesday, September 3rd. Wolfe Research set a $152.00 target price on shares of United Technologies and gave the company a “buy” rating in a research note on Wednesday, September 18th. Sanford C. Bernstein raised their target price on shares of United Technologies from $143.00 to $154.00 and gave the company a “market perform” rating in a research note on Tuesday, September 17th. Finally, Zacks Investment Research cut shares of United Technologies from a “strong-buy” rating to a “hold” rating and set a $151.00 target price on the stock. in a research note on Friday, July 19th. Six investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $154.81.

Shares of NYSE:UTX traded up $3.66 during trading hours on Tuesday, hitting $142.02. 5,078,949 shares of the company’s stock traded hands, compared to its average volume of 2,571,842. United Technologies Co. has a 52 week low of $100.48 and a 52 week 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 company’s fifty day simple moving average is $135.00 and its two-hundred day simple moving average is $132.70. The company has a market cap of $118.05 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 2.39 and a beta of 1.21.

United Technologies (NYSE:UTX) last posted its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $2.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.18. United Technologies had a net margin of 7.13% and a return on equity of 16.81%. The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.31 billion. During the same quarter last year, the firm posted $1.93 EPS. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. On average, analysts anticipate that United Technologies Co. will post 8.03 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.735 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.94 annualized dividend and a dividend yield of 2.07%. 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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