Truvestments Capital LLC Has $65,000 Stock Holdings in United Technologies Co. (NYSE:UTX)

Truvestments Capital LLC lifted its stake in United Technologies Co. (NYSE:UTX) by 32.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 478 shares of the conglomerate’s stock after acquiring an additional 118 shares during the quarter. Truvestments Capital LLC’s holdings in United Technologies were worth $65,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of UTX. Wealth Architects LLC grew its position in shares of United Technologies by 4.3% in the second quarter. Wealth Architects LLC now owns 1,812 shares of the conglomerate’s stock valued at $236,000 after purchasing an additional 75 shares during the last quarter. Patten Group Inc. lifted its stake in shares of United Technologies by 0.3% in the second quarter. Patten Group Inc. now owns 27,978 shares of the conglomerate’s stock valued at $3,643,000 after buying an additional 75 shares during the period. Glenview State Bank Trust DEPT. lifted its stake in shares of United Technologies by 3.0% in the second quarter. Glenview State Bank Trust DEPT. now owns 2,543 shares of the conglomerate’s stock valued at $331,000 after buying an additional 75 shares during the period. Mcrae Capital Management Inc. lifted its stake in shares of United Technologies by 1.4% in the second quarter. Mcrae Capital Management Inc. now owns 5,495 shares of the conglomerate’s stock valued at $715,000 after buying an additional 75 shares during the period. Finally, Heritage Way Advisors LLC lifted its stake in shares of United Technologies by 0.4% in the second quarter. Heritage Way Advisors LLC now owns 18,501 shares of the conglomerate’s stock valued at $2,409,000 after buying an additional 75 shares during the period. 80.68% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on UTX shares. Cowen reiterated a “buy” rating and issued a $150.00 target price on shares of United Technologies in a research note on Wednesday, September 4th. Vertical Research upgraded shares of United Technologies from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Friday, June 14th. Sanford C. Bernstein increased their target price on shares of United Technologies from $143.00 to $154.00 and gave the company a “market perform” rating in a research note on Tuesday, September 17th. William Blair reiterated a “hold” rating on shares of United Technologies in a research note on Tuesday, September 3rd. Finally, Zacks Investment Research cut shares of United Technologies from a “strong-buy” rating to a “hold” rating and set a $151.00 target price for the company. in a research note on Friday, July 19th. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. United Technologies has an average rating of “Buy” and a consensus price target of $154.81.



UTX traded up $1.83 during midday trading on Friday, reaching $135.75. 572,244 shares of the company’s stock were exchanged, compared to its average volume of 2,680,964. The firm has a market capitalization of $115.56 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 2.28 and a beta of 1.21. The company has a quick ratio of 0.74, a current ratio of 1.05 and a debt-to-equity ratio of 0.93. United Technologies Co. has a one year low of $100.48 and a one year high of $144.40. The business has a 50-day simple moving average of $132.76 and a two-hundred day simple moving average of $132.21.

United Technologies (NYSE:UTX) last announced its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.16. The firm 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 company’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.97 earnings per share. As a group, research analysts anticipate that United Technologies Co. will post 8.03 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a yield of 2.17%. United Technologies’s dividend payout ratio is 38.63%.

In other United Technologies news, EVP Elizabeth B. Amato sold 4,298 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were 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 owns 30,847 shares in the company, valued at $4,186,246.37. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Elizabeth B. Amato sold 4,113 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $137.18, for a total transaction of $564,221.34. Following 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 90 days, insiders have sold 103,123 shares of company stock valued at $13,787,015. Corporate insiders own 0.15% of the company’s stock.

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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