Rhumbline Advisers Has $190.40 Million Holdings in United Technologies Co. (NYSE:UTX)

Rhumbline Advisers grew its position in United Technologies Co. (NYSE:UTX) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,394,691 shares of the conglomerate’s stock after purchasing an additional 36,805 shares during the period. Rhumbline Advisers’ holdings in United Technologies were worth $190,403,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Wealth Architects LLC increased its holdings in shares of United Technologies by 4.3% during the 2nd quarter. Wealth Architects LLC now owns 1,812 shares of the conglomerate’s stock valued at $236,000 after acquiring an additional 75 shares during the last quarter. Patten Group Inc. increased its holdings in shares of United Technologies by 0.3% during the 2nd quarter. Patten Group Inc. now owns 27,978 shares of the conglomerate’s stock valued at $3,643,000 after acquiring an additional 75 shares during the last quarter. Glenview State Bank Trust DEPT. increased its holdings in shares of United Technologies by 3.0% during the 2nd quarter. Glenview State Bank Trust DEPT. now owns 2,543 shares of the conglomerate’s stock valued at $331,000 after acquiring an additional 75 shares during the last quarter. Mcrae Capital Management Inc. increased 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 during the last quarter. Finally, Heritage Way Advisors LLC increased 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 during the last quarter. 80.73% of the stock is currently owned by institutional investors.

NYSE:UTX traded up $3.08 during mid-day trading on Thursday, hitting $142.99. 299,263 shares of the company’s stock traded hands, compared to its average volume of 2,818,332. The firm has a 50 day moving average of $135.42 and a two-hundred day moving average of $132.79. United Technologies Co. has a 12 month low of $100.48 and a 12 month high of $144.40. The firm has a market capitalization of $122.03 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 2.00 and a beta of 1.21. The company has a current ratio of 1.06, a quick ratio of 0.74 and a debt-to-equity ratio of 0.93.

United Technologies (NYSE:UTX) last announced its earnings results on Tuesday, October 22nd. The conglomerate reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.18. United Technologies had a return on equity of 16.81% and a net margin of 6.72%. The firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.31 billion. During the same quarter in the prior year, the company earned $1.93 EPS. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. As a group, equities research analysts expect that United Technologies Co. will post 8.05 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a $0.735 dividend. The ex-dividend date is Thursday, November 14th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.06%. United Technologies’s dividend payout ratio is currently 38.63%.

In other United Technologies news, VP Robert J. Bailey sold 831 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $135.09, for a total value of $112,259.79. Following the completion of the sale, the vice president now owns 2,000 shares in the company, valued at approximately $270,180. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Elizabeth B. Amato sold 4,113 shares of the firm’s stock in a transaction that occurred on 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 sale, 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. Insiders sold a total of 103,123 shares of company stock valued at $13,787,015 in the last quarter. Corporate insiders own 0.15% of the company’s stock.

A number of brokerages have recently commented on UTX. Cowen reissued a “buy” rating and set a $150.00 price objective on shares of United Technologies in a report on Wednesday, September 4th. Credit Suisse Group began coverage on United Technologies in a report on Thursday, October 3rd. They set an “outperform” rating and a $164.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on United Technologies from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Bank of America reissued a “buy” rating and set a $195.00 price objective (up previously from $185.00) on shares of United Technologies in a report on Thursday, July 25th. Finally, Zacks Investment Research lowered United Technologies from a “strong-buy” rating to a “hold” rating and set a $151.00 price objective on the stock. in a report on Friday, July 19th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. United Technologies has an average rating of “Buy” and an average target price of $154.81.

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.

Featured Article: Holder of Record

Want to see what other hedge funds are holding UTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Technologies Co. (NYSE:UTX).

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

Receive News & Ratings for United Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Technologies and related companies with MarketBeat.com's FREE daily email newsletter.