United Technologies Co. (NYSE:UTX) Shares Bought by Macquarie Group Ltd.
Macquarie Group Ltd. grew its position in United Technologies Co. (NYSE:UTX) by 3.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 133,810 shares of the conglomerate’s stock after purchasing an additional 4,084 shares during the period. Macquarie Group Ltd.’s holdings in United Technologies were worth $16,730,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Credit Agricole S A raised its holdings in United Technologies by 101.4% during the 2nd quarter. Credit Agricole S A now owns 866 shares of the conglomerate’s stock worth $109,000 after purchasing an additional 436 shares during the last quarter. Silvant Capital Management LLC acquired a new position in shares of United Technologies during the 1st quarter worth about $113,000. Jolley Asset Management LLC acquired a new position in shares of United Technologies during the 2nd quarter worth about $114,000. Fort L.P. acquired a new position in shares of United Technologies during the 2nd quarter worth about $120,000. Finally, WP Advisors LLC acquired a new position in shares of United Technologies during the 2nd quarter worth about $126,000. Institutional investors own 81.68% of the company’s stock.
NYSE:UTX traded up $0.26 during trading hours on Friday, reaching $129.63. 5,104,640 shares of the stock were exchanged, compared to its average volume of 4,215,075. United Technologies Co. has a twelve month low of $115.40 and a twelve month high of $144.15. The company has a market cap of $111.86 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.82.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be paid a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Thursday, November 15th. This is a boost from United Technologies’s previous quarterly dividend of $0.70. United Technologies’s dividend payout ratio is 42.11%.
Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered United Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Robert W. Baird boosted their target price on United Technologies from $156.00 to $167.00 and gave the stock a “neutral” rating in a research report on Thursday, September 20th. ValuEngine upgraded United Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. UBS Group began coverage on United Technologies in a research report on Wednesday, August 15th. They issued a “buy” rating for the company. Finally, Jefferies Financial Group set a $157.00 price objective on United Technologies and gave the company a “buy” rating in a research report on Tuesday, July 10th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $149.70.
In related news, VP Charles D. Gill sold 14,255 shares of the stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $136.43, for a total value of $1,944,809.65. Following the sale, the vice president now owns 55,029 shares in the company, valued at approximately $7,507,606.47. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Robert J. Bailey sold 828 shares of the stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $134.75, for a total value of $111,573.00. Following the completion of the sale, the vice president now owns 2,000 shares in the company, valued at approximately $269,500. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,511 shares of company stock worth $2,521,974. 0.17% of the stock is owned by company insiders.
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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