Boys Arnold & Co. Inc. Sells 1,635 Shares of United Technologies Corporation (UTX)

Boys Arnold & Co. Inc. decreased its holdings in shares of United Technologies Corporation (NYSE:UTX) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 101,290 shares of the conglomerate’s stock after selling 1,635 shares during the period. United Technologies Corporation makes up approximately 1.6% of Boys Arnold & Co. Inc.’s holdings, making the stock its 7th largest position. Boys Arnold & Co. Inc.’s holdings in United Technologies Corporation were worth $12,369,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tortoise Investment Management LLC boosted its stake in shares of United Technologies Corporation by 5.3% during the second quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock worth $117,000 after buying an additional 48 shares during the period. Seven Bridges Advisors LLC acquired a new stake in shares of United Technologies Corporation during the second quarter worth about $120,000. Winfield Associates Inc. boosted its stake in shares of United Technologies Corporation by 2.9% during the second quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock worth $126,000 after buying an additional 29 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in shares of United Technologies Corporation during the second quarter worth about $131,000. Finally, Alexandria Capital LLC boosted its stake in shares of United Technologies Corporation by 0.3% during the second quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock worth $132,000 after buying an additional 3 shares during the period. Institutional investors and hedge funds own 78.81% of the company’s stock.

In other United Technologies Corporation news, EVP Michael R. Dumais sold 2,986 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $120.98, for a total value of $361,246.28. Following the completion of the transaction, the executive vice president now directly owns 27,548 shares of the company’s stock, valued at $3,332,757.04. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.16% of the company’s stock.

United Technologies Corporation (UTX) opened at $118.11 on Monday. United Technologies Corporation has a 1-year low of $106.21 and a 1-year high of $124.79. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91. The stock has a market cap of $94,319.10, a PE ratio of 17.84, a price-to-earnings-growth ratio of 2.13 and a beta of 1.07.

United Technologies Corporation (NYSE:UTX) last issued its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.05. United Technologies Corporation had a net margin of 8.79% and a return on equity of 17.66%. The company had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. During the same period last year, the company posted $1.76 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. equities research analysts anticipate that United Technologies Corporation will post 6.61 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Friday, November 17th will be issued a $0.70 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.80 dividend on an annualized basis and a yield of 2.37%. United Technologies Corporation’s dividend payout ratio (DPR) is presently 43.41%.

Several brokerages have recently weighed in on UTX. Cowen and Company reiterated a “buy” rating and set a $127.00 target price on shares of United Technologies Corporation in a research note on Tuesday, July 25th. BidaskClub downgraded shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Sanford C. Bernstein reiterated a “market perform” rating and set a $135.00 target price (up previously from $130.00) on shares of United Technologies Corporation in a research note on Friday, July 21st. Credit Suisse Group reiterated a “buy” rating and set a $136.00 target price on shares of United Technologies Corporation in a research note on Wednesday, July 26th. Finally, Stifel Nicolaus increased their target price on shares of United Technologies Corporation from $122.00 to $124.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. United Technologies Corporation currently has a consensus rating of “Hold” and a consensus target price of $125.15.

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United Technologies Corporation Company Profile

United Technologies Corporation is engaged in providing high technology products and services to the building systems and aerospace industries around the world. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. Otis operates as an elevator and escalator manufacturing, installation and service company.

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

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