McKinley Carter Wealth Services Inc. Reduces Holdings in United Technologies Co. (NYSE:UTX)

McKinley Carter Wealth Services Inc. trimmed its stake in United Technologies Co. (NYSE:UTX) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,025 shares of the conglomerate’s stock after selling 470 shares during the period. United Technologies accounts for about 0.9% of McKinley Carter Wealth Services Inc.’s investment portfolio, making the stock its 28th biggest holding. McKinley Carter Wealth Services Inc.’s holdings in United Technologies were worth $3,519,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of UTX. Quad Cities Investment Group LLC lifted its position in shares of United Technologies by 62.1% in the 2nd quarter. Quad Cities Investment Group LLC now owns 261 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 100 shares during the period. Manchester Financial Inc. purchased a new position in United Technologies during the 2nd quarter valued at about $35,000. Personal Wealth Partners purchased a new position in United Technologies during the 2nd quarter valued at about $36,000. Ashburton Jersey Ltd purchased a new position in United Technologies during the 2nd quarter valued at about $40,000. Finally, AlphaMark Advisors LLC lifted its position in United Technologies by 133.3% during the 2nd quarter. AlphaMark Advisors LLC now owns 350 shares of the conglomerate’s stock valued at $46,000 after acquiring an additional 200 shares during the period. 81.03% of the stock is owned by hedge funds and other institutional investors.

In other United Technologies news, EVP Michael R. Dumais sold 4,329 shares of United Technologies stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $130.98, for a total value of $567,012.42. Following the completion of the transaction, the executive vice president now directly owns 39,265 shares of the company’s stock, valued at $5,142,929.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Elizabeth B. Amato sold 4,298 shares of United Technologies stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $135.71, for a total transaction of $583,281.58. Following the completion of the transaction, the executive vice president now directly owns 30,847 shares of the company’s stock, valued at $4,186,246.37. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.



A number of research analysts recently issued reports on the stock. Vertical Research raised shares of United Technologies from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research report on Friday, June 14th. Zacks Investment Research cut shares of United Technologies from a “strong-buy” rating to a “hold” rating and set a $151.00 price target for the company. in a research report on Friday, July 19th. Morgan Stanley lifted their price target on shares of United Technologies from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Bank of America reissued a “buy” rating and set a $195.00 price target (up from $185.00) on shares of United Technologies in a research report on Thursday, July 25th. Finally, William Blair reissued a “hold” rating on shares of United Technologies in a research report on Monday, June 10th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $152.21.

United Technologies stock traded up $1.31 during trading hours on Friday, hitting $125.05. The stock had a trading volume of 2,507,500 shares, compared to its average volume of 3,334,106. The company has a quick ratio of 0.74, a current ratio of 1.05 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $106.77 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 1.75 and a beta of 1.20. United Technologies Co. has a 12-month low of $100.48 and a 12-month high of $144.40. The stock’s 50-day moving average price is $131.64 and its 200-day moving average price is $130.30.

United Technologies (NYSE:UTX) last issued its earnings results on Tuesday, July 23rd. The conglomerate reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.16. The business had revenue of $19.63 billion during the quarter, compared to analysts’ expectations of $19.58 billion. United Technologies had a net margin of 7.13% and a return on equity of 16.81%. 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 company earned $1.97 earnings per share. On average, research analysts expect that United Technologies Co. will post 8.03 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th will be issued a $0.735 dividend. The ex-dividend date is Thursday, August 15th. This represents a $2.94 annualized dividend and a yield of 2.35%. United Technologies’s dividend payout ratio (DPR) is presently 38.63%.

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.

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

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