Cahill Financial Advisors Inc. lifted its stake in United Technologies Co. (NYSE:UTX) by 28.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,927 shares of the conglomerate’s stock after purchasing an additional 650 shares during the quarter. Cahill Financial Advisors Inc.’s holdings in United Technologies were worth $374,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Rowland & Co. Investment Counsel ADV increased its stake in United Technologies by 0.3% during the second quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock worth $143,000 after acquiring an additional 3 shares during the last quarter. Laurel Wealth Advisors Inc. increased its stake in United Technologies by 0.3% during the second quarter. Laurel Wealth Advisors Inc. now owns 5,943 shares of the conglomerate’s stock worth $725,000 after acquiring an additional 18 shares during the last quarter. Monetary Management Group Inc. increased its stake in United Technologies by 0.3% during the second quarter. Monetary Management Group Inc. now owns 8,075 shares of the conglomerate’s stock worth $986,000 after acquiring an additional 25 shares during the last quarter. Security National Bank of SO Dak increased its stake in United Technologies by 0.3% during the second quarter. Security National Bank of SO Dak now owns 12,960 shares of the conglomerate’s stock worth $1,583,000 after acquiring an additional 45 shares during the last quarter. Finally, Beaumont Financial Partners LLC increased its stake in United Technologies by 1.0% during the second quarter. Beaumont Financial Partners LLC now owns 6,101 shares of the conglomerate’s stock worth $745,000 after acquiring an additional 60 shares during the last quarter. 81.89% of the stock is owned by hedge funds and other institutional investors.
UTX has been the subject of several recent analyst reports. Goldman Sachs raised United Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Robert W. Baird raised United Technologies from a “neutral” rating to an “outperform” rating in a research note on Friday, January 5th. Cowen reissued a “hold” rating and set a $141.00 target price on shares of United Technologies in a research note on Thursday, January 25th. Zacks Investment Research raised United Technologies from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a research note on Saturday, January 20th. Finally, Barclays started coverage on United Technologies in a research note on Thursday, February 15th. They issued an “overweight” rating and a $157.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $139.07.
Shares of NYSE UTX opened at $122.71 on Monday. United Technologies Co. has a twelve month low of $109.10 and a twelve month high of $139.24. The company has a quick ratio of 0.94, a current ratio of 1.35 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $98,572.68, a PE ratio of 18.45, a PEG ratio of 1.87 and a beta of 1.08.
United Technologies (NYSE:UTX) last issued its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.04. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The business had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $15.34 billion. During the same period in the previous year, the firm posted $1.56 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. research analysts anticipate that United Technologies Co. will post 7.04 EPS for the current year.
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United Technologies 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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