DF Dent & Co. Inc. Buys 3,994 Shares of United Technologies Co. (UTX)

DF Dent & Co. Inc. increased its stake in shares of United Technologies Co. (NYSE:UTX) by 99.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,014 shares of the conglomerate’s stock after purchasing an additional 3,994 shares during the period. DF Dent & Co. Inc.’s holdings in United Technologies were worth $1,022,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of UTX. Almanack Investment Partners LLC. purchased a new stake in shares of United Technologies in the 4th quarter valued at about $103,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of United Technologies in the 3rd quarter valued at about $118,000. Thompson Davis & CO. Inc. raised its holdings in shares of United Technologies by 750.4% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,080 shares of the conglomerate’s stock valued at $125,000 after acquiring an additional 953 shares in the last quarter. Taylor Hoffman Wealth Management purchased a new stake in shares of United Technologies in the 4th quarter valued at about $140,000. Finally, Trustcore Financial Services LLC purchased a new stake in shares of United Technologies in the 4th quarter valued at about $143,000. 81.88% of the stock is currently owned by institutional investors and hedge funds.

UTX opened at $122.82 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.94 and a current ratio of 1.32. United Technologies Co. has a 1 year low of $109.10 and a 1 year high of $139.24. The company has a market cap of $97,652.93, a P/E ratio of 18.47, a P/E/G ratio of 1.85 and a beta of 1.08.

United Technologies (NYSE:UTX) last posted its quarterly earnings results on Tuesday, April 24th. The conglomerate reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.26. United Technologies had a return on equity of 17.67% and a net margin of 7.28%. The business had revenue of $15.24 billion for the quarter, compared to analyst estimates of $14.62 billion. During the same period last year, the company earned $1.48 EPS. United Technologies’s revenue for the quarter was up 10.3% compared to the same quarter last year. research analysts forecast that United Technologies Co. will post 7.04 earnings per share for the current fiscal year.

In related news, VP Robert J. Bailey sold 2,032 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $134.95, for a total transaction of $274,218.40. Following the transaction, the vice president now directly owns 4,900 shares in the company, valued at approximately $661,255. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.17% of the stock is owned by company insiders.

UTX has been the topic of several recent analyst reports. Goldman Sachs raised United Technologies from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. Robert W. Baird raised United Technologies from a “neutral” rating to an “outperform” rating in a report on Friday, January 5th. Cowen reissued a “hold” rating and set a $141.00 price objective on shares of United Technologies in a report on Thursday, January 25th. Zacks Investment Research raised United Technologies from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a report on Saturday, January 20th. Finally, Barclays assumed coverage on United Technologies in a report on Thursday, February 15th. They set an “overweight” rating and a $157.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $138.21.

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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