United Technologies Co. (NYSE:UTX) Stock Holdings Reduced by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lowered its position in United Technologies Co. (NYSE:UTX) by 4.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,105 shares of the conglomerate’s stock after selling 1,083 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in United Technologies were worth $2,881,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Integrated Investment Consultants LLC purchased a new position in United Technologies in the third quarter valued at about $204,000. Aldebaran Financial Inc. grew its holdings in United Technologies by 14.0% during the third quarter. Aldebaran Financial Inc. now owns 12,226 shares of the conglomerate’s stock worth $1,636,000 after purchasing an additional 1,506 shares during the period. Calamos Advisors LLC grew its holdings in United Technologies by 8.8% during the third quarter. Calamos Advisors LLC now owns 143,243 shares of the conglomerate’s stock worth $19,556,000 after purchasing an additional 11,637 shares during the period. Baxter Bros Inc. grew its holdings in United Technologies by 1.5% during the third quarter. Baxter Bros Inc. now owns 25,972 shares of the conglomerate’s stock worth $3,546,000 after purchasing an additional 396 shares during the period. Finally, Valicenti Advisory Services Inc. grew its holdings in United Technologies by 7.3% during the third quarter. Valicenti Advisory Services Inc. now owns 21,306 shares of the conglomerate’s stock worth $2,909,000 after purchasing an additional 1,450 shares during the period. Hedge funds and other institutional investors own 80.73% of the company’s stock.

Shares of United Technologies stock traded up $1.68 during trading on Tuesday, hitting $140.03. The company’s stock had a trading volume of 2,033,933 shares, compared to its average volume of 2,571,842. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.05 and a quick ratio of 0.74. United Technologies Co. has a 52 week low of $100.48 and a 52 week high of $144.40. The stock has a market cap of $118.05 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 2.39 and a beta of 1.21. The stock has a 50-day moving average price of $135.00 and a two-hundred day moving average price of $132.70.

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

The business 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 is Thursday, November 14th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.10%. United Technologies’s dividend payout ratio (DPR) is presently 38.63%.

In other 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 completion of the sale, the vice president now owns 103,458 shares in the company, valued at approximately $13,596,450.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Robert J. Bailey sold 831 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $135.09, for a total transaction of $112,259.79. Following the sale, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $270,180. The disclosure for this sale can be found here. Insiders have sold a total of 103,123 shares of company stock worth $13,787,015 in the last three months. Insiders own 0.15% of the company’s stock.

A number of equities research analysts have recently issued reports on UTX shares. Cowen restated a “buy” rating and set a $150.00 price objective on shares of United Technologies in a report on Wednesday, September 4th. Barclays boosted their price objective on United Technologies from $149.00 to $153.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Zacks Investment Research cut United Technologies from a “strong-buy” rating to a “hold” rating and set a $151.00 price objective for the company. in a report on Friday, July 19th. Wolfe Research set a $152.00 price objective on United Technologies and gave the stock a “buy” rating in a report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. boosted their price objective on United Technologies from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $154.81.

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.

Further Reading: Book Value Of Equity Per Share – BVPS Explained

Institutional Ownership by Quarter for United Technologies (NYSE:UTX)

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