United Technologies Co. (NYSE:UTX) Stock Holdings Lifted by Landmark Bank

Landmark Bank raised its stake in United Technologies Co. (NYSE:UTX) by 0.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 19,465 shares of the conglomerate’s stock after acquiring an additional 78 shares during the period. United Technologies accounts for approximately 1.7% of Landmark Bank’s holdings, making the stock its 26th biggest position. Landmark Bank’s holdings in United Technologies were worth $2,658,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealth Architects LLC grew its position in United Technologies by 4.3% during the 2nd quarter. Wealth Architects LLC now owns 1,812 shares of the conglomerate’s stock worth $236,000 after purchasing an additional 75 shares in the last quarter. Patten Group Inc. grew its position in United Technologies by 0.3% during the 2nd quarter. Patten Group Inc. now owns 27,978 shares of the conglomerate’s stock worth $3,643,000 after purchasing an additional 75 shares in the last quarter. Glenview State Bank Trust DEPT. grew its position in United Technologies by 3.0% during the 2nd quarter. Glenview State Bank Trust DEPT. now owns 2,543 shares of the conglomerate’s stock worth $331,000 after purchasing an additional 75 shares in the last quarter. Mcrae Capital Management Inc. grew its holdings in shares of United Technologies by 1.4% during the 2nd quarter. Mcrae Capital Management Inc. now owns 5,495 shares of the conglomerate’s stock valued at $715,000 after acquiring an additional 75 shares in the last quarter. Finally, Heritage Way Advisors LLC grew its holdings in shares of United Technologies by 0.4% during the 2nd quarter. Heritage Way Advisors LLC now owns 18,501 shares of the conglomerate’s stock valued at $2,409,000 after acquiring an additional 75 shares in the last quarter. 80.67% of the stock is currently owned by institutional investors.

Shares of UTX stock traded up $1.48 on Friday, hitting $132.69. The company’s stock had a trading volume of 101,983 shares, compared to its average volume of 2,665,710. 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 fifty-two week low of $100.48 and a fifty-two week high of $144.40. The firm’s fifty day moving average price is $131.73 and its 200-day moving average price is $131.97. The stock has a market capitalization of $113.22 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 2.34 and a beta of 1.21.

United Technologies (NYSE:UTX) last released its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.16. United Technologies had a net margin of 7.13% and a return on equity of 16.81%. The business had revenue of $19.63 billion during the quarter, compared to analyst estimates of $19.58 billion. During the same quarter in the previous year, the business earned $1.97 EPS. United Technologies’s quarterly revenue was up 17.5% compared to the same quarter last year. Analysts predict that United Technologies Co. will post 8.03 EPS for the current fiscal year.

In related news, CFO Akhil Johri sold 4,680 shares of United Technologies stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $135.29, for a total value of $633,157.20. Following the completion of the sale, the chief financial officer now owns 67,345 shares of the company’s stock, valued at approximately $9,111,105.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Charles D. Gill sold 33,763 shares of United Technologies stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $135.04, for a total transaction of $4,559,355.52. Following the completion of the sale, the vice president now directly owns 112,458 shares of the company’s stock, valued at approximately $15,186,328.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,123 shares of company stock valued at $13,787,015. 0.15% of the stock is owned by company insiders.

Several equities analysts have recently commented on the stock. Barclays boosted their price target on shares of United Technologies from $149.00 to $153.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Wolfe Research set a $152.00 price target on shares of United Technologies and gave the company a “buy” rating in a report on Wednesday, September 18th. Credit Suisse Group assumed coverage on shares of United Technologies in a report on Thursday. They set an “outperform” rating and a $164.00 price target on the stock. Seaport Global Securities upgraded shares of United Technologies from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a report on Monday, June 10th. Finally, William Blair restated a “hold” rating on shares of United Technologies in a report on Tuesday, September 3rd. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. United Technologies has a consensus rating of “Buy” and an average target price of $153.38.

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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