Reilly Financial Advisors LLC Has $11.28 Million Position in United Technologies Co. (NYSE:UTX)
Reilly Financial Advisors LLC lifted its holdings in United Technologies Co. (NYSE:UTX) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,655 shares of the conglomerate’s stock after purchasing an additional 531 shares during the period. United Technologies accounts for about 1.4% of Reilly Financial Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. Reilly Financial Advisors LLC’s holdings in United Technologies were worth $11,282,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in UTX. Deprince Race & Zollo Inc. increased its position in United Technologies by 13.9% during the 4th quarter. Deprince Race & Zollo Inc. now owns 175,715 shares of the conglomerate’s stock valued at $18,710,000 after buying an additional 21,495 shares in the last quarter. Clearstead Advisors LLC increased its holdings in shares of United Technologies by 0.9% in the fourth quarter. Clearstead Advisors LLC now owns 12,203 shares of the conglomerate’s stock valued at $1,299,000 after purchasing an additional 112 shares during the period. Garrison Point Advisors LLC acquired a new position in shares of United Technologies in the fourth quarter valued at about $1,271,000. Bernicke Wealth Management Ltd. increased its holdings in shares of United Technologies by 6.6% in the fourth quarter. Bernicke Wealth Management Ltd. now owns 6,469 shares of the conglomerate’s stock valued at $689,000 after purchasing an additional 398 shares during the period. Finally, Hunter Associates Investment Management LLC increased its holdings in shares of United Technologies by 24.9% in the fourth quarter. Hunter Associates Investment Management LLC now owns 7,650 shares of the conglomerate’s stock valued at $815,000 after purchasing an additional 1,526 shares during the period. 80.79% of the stock is owned by institutional investors and hedge funds.
UTX has been the topic of a number of research reports. Vertical Research raised United Technologies from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Friday, June 14th. Morgan Stanley raised their target price on United Technologies from $155.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Cowen reiterated a “hold” rating and set a $13.00 price target on shares of AMAG Pharmaceuticals in a research report on Monday, June 24th. William Blair reiterated a “hold” rating on shares of United Technologies in a research report on Monday, June 10th. Finally, Zacks Investment Research upgraded Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Friday, July 19th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. United Technologies currently has a consensus rating of “Buy” and an average price target of $152.21.
United Technologies (NYSE:UTX) last issued its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.16. The company had revenue of $19.63 billion for the quarter, compared to the consensus estimate of $19.58 billion. United Technologies had a return on equity of 16.81% and a net margin of 7.13%. United Technologies’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.97 earnings per share. Analysts predict that United Technologies Co. will post 8 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be given a $0.735 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $2.94 annualized dividend and a dividend yield of 2.16%. United Technologies’s dividend payout ratio (DPR) is presently 38.63%.
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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