Security National Bank of SO Dak Purchases 311 Shares of United Technologies Co. (NYSE:UTX)

Security National Bank of SO Dak grew its position in shares of United Technologies Co. (NYSE:UTX) by 2.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,709 shares of the conglomerate’s stock after buying an additional 311 shares during the quarter. United Technologies accounts for approximately 2.0% of Security National Bank of SO Dak’s holdings, making the stock its 16th largest position. Security National Bank of SO Dak’s holdings in United Technologies were worth $1,655,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Altman Advisors Inc. raised its holdings in United Technologies by 4.6% in the 1st quarter. Altman Advisors Inc. now owns 17,205 shares of the conglomerate’s stock worth $2,218,000 after purchasing an additional 763 shares during the period. First Command Bank raised its holdings in United Technologies by 101.9% in the 1st quarter. First Command Bank now owns 5,815 shares of the conglomerate’s stock worth $750,000 after purchasing an additional 2,935 shares during the period. Kistler Tiffany Companies LLC raised its holdings in United Technologies by 7.0% in the 1st quarter. Kistler Tiffany Companies LLC now owns 13,967 shares of the conglomerate’s stock worth $1,800,000 after purchasing an additional 913 shares during the period. Bank of Stockton raised its holdings in United Technologies by 1.8% in the 1st quarter. Bank of Stockton now owns 13,621 shares of the conglomerate’s stock worth $1,755,000 after purchasing an additional 238 shares during the period. Finally, Sumitomo Life Insurance Co. raised its holdings in United Technologies by 14.9% in the 1st quarter. Sumitomo Life Insurance Co. now owns 29,467 shares of the conglomerate’s stock worth $3,798,000 after purchasing an additional 3,828 shares during the period. 80.67% of the stock is currently owned by hedge funds and other institutional investors.

Shares of United Technologies stock traded down $1.01 during trading on Friday, reaching $136.52. 117,750 shares of the stock traded hands, compared to its average volume of 2,398,990. The company has a market capitalization of $118.40 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 1.94 and a beta of 1.21. The business has a fifty day simple moving average of $130.37 and a two-hundred day simple moving average of $131.28. 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.



United Technologies (NYSE:UTX) last issued its quarterly earnings data 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. The firm had revenue of $19.63 billion during the quarter, compared to analyst estimates of $19.58 billion. United Technologies had a return on equity of 16.81% and a net margin of 7.13%. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.97 earnings per share. On average, research analysts predict that United Technologies Co. will post 8.03 earnings per share for the current fiscal year.

A number of brokerages recently commented on UTX. Zacks Investment Research cut United Technologies from a “strong-buy” rating to a “hold” rating and set a $151.00 target price on the stock. in a report on Friday, July 19th. William Blair reaffirmed a “hold” rating on shares of United Technologies in a report on Tuesday, September 3rd. Cowen reaffirmed a “buy” rating and issued a $150.00 target price on shares of United Technologies in a report on Wednesday, September 4th. Sanford C. Bernstein increased their price target on United Technologies from $143.00 to $154.00 and gave the stock a “market perform” rating in a research note on Tuesday. Finally, Bank of America reiterated a “buy” rating and issued a $195.00 price target (up previously from $185.00) on shares of United Technologies in a research note on Thursday, July 25th. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. United Technologies presently has an average rating of “Buy” and an average target price of $152.33.

In related news, EVP Michael R. Dumais sold 4,329 shares of United Technologies stock in a transaction dated Friday, August 9th. The stock was 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 owns 39,265 shares in the company, valued at $5,142,929.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Elizabeth B. Amato sold 4,113 shares of United Technologies stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $137.18, for a total value of $564,221.34. Following the completion of 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. In the last quarter, insiders sold 103,123 shares of company stock valued at $13,787,015. 0.15% of the stock is currently owned by company insiders.

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.

Read More: Understanding the Price to Earnings Ratio (PE)

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

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