Knights of Columbus Asset Advisors LLC Reduces Stake in United Technologies Corporation (UTX)

Knights of Columbus Asset Advisors LLC decreased its stake in shares of United Technologies Corporation (NYSE:UTX) by 10.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,450 shares of the conglomerate’s stock after selling 1,650 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in United Technologies Corporation were worth $1,642,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Harbour Capital Advisors LLC increased its stake in United Technologies Corporation by 11,652.2% in the second quarter. Harbour Capital Advisors LLC now owns 2,127,156 shares of the conglomerate’s stock valued at $17,420,000 after acquiring an additional 2,109,056 shares during the period. Flossbach Von Storch AG increased its stake in United Technologies Corporation by 95.6% in the second quarter. Flossbach Von Storch AG now owns 1,617,008 shares of the conglomerate’s stock valued at $197,453,000 after acquiring an additional 790,496 shares during the period. Swiss National Bank increased its stake in United Technologies Corporation by 25.2% in the first quarter. Swiss National Bank now owns 2,771,721 shares of the conglomerate’s stock valued at $311,015,000 after acquiring an additional 557,300 shares during the period. Karp Capital Management Corp bought a new stake in United Technologies Corporation in the first quarter valued at about $40,211,000. Finally, UBS Asset Management Americas Inc. increased its stake in United Technologies Corporation by 11.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,858,758 shares of the conglomerate’s stock valued at $320,781,000 after acquiring an additional 301,484 shares during the period. Institutional investors own 78.80% of the company’s stock.

United Technologies Corporation (UTX) opened at $118.80 on Wednesday. United Technologies Corporation has a 12-month low of $106.21 and a 12-month high of $124.79. The stock has a market cap of $95,000.00, a P/E ratio of 17.84, a PEG ratio of 2.13 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.31.

United Technologies Corporation (NYSE:UTX) last announced its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $14.99 billion. During the same period in the prior year, the business earned $1.76 earnings per share. United Technologies Corporation’s quarterly revenue was up 4.9% on a year-over-year basis. research analysts anticipate that United Technologies Corporation will post 6.61 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Friday, November 17th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.36%. United Technologies Corporation’s payout ratio is 43.34%.

UTX has been the topic of a number of analyst reports. Zacks Investment Research raised shares of United Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Jefferies Group LLC reissued a “buy” rating on shares of United Technologies Corporation in a research note on Thursday, July 27th. Cowen and Company reissued a “buy” rating and issued a $127.00 target price on shares of United Technologies Corporation in a research note on Tuesday, September 5th. Credit Suisse Group reissued a “neutral” rating on shares of United Technologies Corporation in a research note on Friday, September 1st. Finally, BidaskClub cut shares of United Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Fourteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $125.15.

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In other news, EVP Michael R. Dumais sold 2,986 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $120.98, for a total transaction of $361,246.28. Following the transaction, the executive vice president now directly owns 27,548 shares in the company, valued at $3,332,757.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

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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