Girard Partners LTD. Sells 1,722 Shares of United Technologies Corporation (UTX)

Girard Partners LTD. cut its position in shares of United Technologies Corporation (NYSE:UTX) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,821 shares of the conglomerate’s stock after selling 1,722 shares during the quarter. Girard Partners LTD.’s holdings in United Technologies Corporation were worth $2,909,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. PGGM Investments increased its position in shares of United Technologies Corporation by 52.4% during the 2nd quarter. PGGM Investments now owns 749,206 shares of the conglomerate’s stock valued at $91,486,000 after purchasing an additional 257,582 shares during the last quarter. Connecticut Wealth Management LLC increased its position in shares of United Technologies Corporation by 10.1% during the 2nd quarter. Connecticut Wealth Management LLC now owns 11,966 shares of the conglomerate’s stock valued at $1,473,000 after purchasing an additional 1,098 shares during the last quarter. Huntington National Bank increased its position in shares of United Technologies Corporation by 3.7% during the 2nd quarter. Huntington National Bank now owns 284,531 shares of the conglomerate’s stock valued at $34,744,000 after purchasing an additional 10,025 shares during the last quarter. Pioneer Investment Management Inc. increased its position in shares of United Technologies Corporation by 2.1% during the 1st quarter. Pioneer Investment Management Inc. now owns 1,223,811 shares of the conglomerate’s stock valued at $137,324,000 after purchasing an additional 25,625 shares during the last quarter. Finally, Private Wealth Advisors Inc. increased its position in shares of United Technologies Corporation by 14.9% during the 1st quarter. Private Wealth Advisors Inc. now owns 23,551 shares of the conglomerate’s stock valued at $2,643,000 after purchasing an additional 3,051 shares during the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

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In other news, EVP Michael R. Dumais sold 2,986 shares of United Technologies Corporation stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $120.98, for a total value of $361,246.28. Following the sale, the executive vice president now directly owns 27,548 shares in the company, valued at approximately $3,332,757.04. The sale was disclosed in a filing with the SEC, which is available through this link. 0.16% of the stock is currently owned by company insiders.

Shares of United Technologies Corporation (UTX) opened at $117.89 on Friday. The firm has a market capitalization of $94,140.00, a P/E ratio of 17.95, a PEG ratio of 2.14 and a beta of 1.07. United Technologies Corporation has a 1 year low of $106.21 and a 1 year high of $124.79. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91.

United Technologies Corporation (NYSE:UTX) last issued its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.05. The firm had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. United Technologies Corporation had a return on equity of 17.66% and a net margin of 8.79%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $1.76 EPS. equities research analysts anticipate that United Technologies Corporation will post 6.61 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Friday, November 17th will be given a $0.70 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.38%. United Technologies Corporation’s dividend payout ratio is currently 43.34%.

Several equities analysts have recently commented on UTX shares. Zacks Investment Research upgraded United Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Jefferies Group LLC reiterated a “buy” rating on shares of United Technologies Corporation in a research report on Thursday, July 27th. Cowen and Company reiterated a “buy” rating and set a $127.00 price objective on shares of United Technologies Corporation in a research report on Tuesday, September 5th. Credit Suisse Group reiterated a “neutral” rating on shares of United Technologies Corporation in a research report on Friday, September 1st. Finally, BidaskClub lowered United Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $125.15.

United Technologies Corporation 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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