Atlas Brown Inc. Has $379,000 Position in United Technologies Co. (UTX)

Atlas Brown Inc. lifted its position in United Technologies Co. (NYSE:UTX) by 17.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,941 shares of the conglomerate’s stock after purchasing an additional 433 shares during the period. Atlas Brown Inc.’s holdings in United Technologies were worth $379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. WESPAC Advisors SoCal LLC purchased a new stake in United Technologies in the 4th quarter worth $26,000. Guidant Wealth Advisors increased its holdings in United Technologies by 64.9% in the 4th quarter. Guidant Wealth Advisors now owns 254 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Braun Bostich & Associates Inc. increased its holdings in United Technologies by 73.0% in the 4th quarter. Braun Bostich & Associates Inc. now owns 365 shares of the conglomerate’s stock worth $39,000 after acquiring an additional 154 shares in the last quarter. Sageworth Trust Co purchased a new stake in United Technologies in the 1st quarter worth $50,000. Finally, Financial Gravity Companies Inc. purchased a new stake in United Technologies in the 4th quarter worth $51,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

In other news, VP Robert J. Bailey sold 1,418 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $126.20, for a total transaction of $178,951.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert Kelly Ortberg sold 16,587 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $126.59, for a total transaction of $2,099,748.33. Following the sale, the chief executive officer now directly owns 70,211 shares of the company’s stock, valued at approximately $8,888,010.49. The disclosure for this sale can be found here. Insiders have sold 38,504 shares of company stock valued at $4,864,047 in the last ninety days. Insiders own 0.15% of the company’s stock.



UTX has been the subject of several recent analyst reports. Goldman Sachs Group raised shares of United Technologies from a “buy” rating to a “conviction-buy” rating and set a $153.00 price target for the company in a report on Friday, February 1st. OTR Global lowered shares of United Technologies to a “positive” rating in a report on Friday, January 18th. Bank of America reissued a “buy” rating and issued a $185.00 price target on shares of United Technologies in a report on Thursday, January 24th. Royal Bank of Canada boosted their price target on shares of United Technologies to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, January 24th. Finally, Barclays boosted their price target on shares of United Technologies from $142.00 to $149.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. United Technologies currently has an average rating of “Buy” and a consensus price target of $147.76.

United Technologies stock opened at $133.98 on Wednesday. United Technologies Co. has a 52-week low of $100.48 and a 52-week high of $144.40. The firm has a market cap of $113.79 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 1.95 and a beta of 1.23. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 0.98.

United Technologies (NYSE:UTX) last released its earnings results on Tuesday, April 23rd. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.71 by $0.20. United Technologies had a net margin of 7.64% and a return on equity of 17.02%. The business had revenue of $18.37 billion during the quarter, compared to analyst estimates of $18.01 billion. During the same quarter in the prior year, the firm earned $1.77 earnings per share. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. Equities research analysts anticipate that United Technologies Co. will post 7.97 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Thursday, May 16th. United Technologies’s payout ratio is 38.63%.

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United Technologies 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: What are the Different Types of Leveraged Buyouts?

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

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