Golub Group LLC Sells 545 Shares of United Technologies Co. (NYSE:UTX)

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Golub Group LLC cut its position in United Technologies Co. (NYSE:UTX) by 10.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,705 shares of the conglomerate’s stock after selling 545 shares during the quarter. Golub Group LLC’s holdings in United Technologies were worth $642,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Sound View Wealth Advisors Group LLC bought a new position in United Technologies during the second quarter worth $2,049,000. Great Valley Advisor Group Inc. boosted its position in United Technologies by 276.0% during the second quarter. Great Valley Advisor Group Inc. now owns 11,743 shares of the conglomerate’s stock worth $1,526,000 after purchasing an additional 8,620 shares during the period. Farr Miller & Washington LLC DC boosted its position in United Technologies by 0.5% during the second quarter. Farr Miller & Washington LLC DC now owns 383,785 shares of the conglomerate’s stock worth $49,969,000 after purchasing an additional 2,017 shares during the period. BTR Capital Management Inc. boosted its position in United Technologies by 1.6% during the second quarter. BTR Capital Management Inc. now owns 87,006 shares of the conglomerate’s stock worth $11,328,000 after purchasing an additional 1,398 shares during the period. Finally, Captrust Financial Advisors boosted its position in United Technologies by 50.3% during the second quarter. Captrust Financial Advisors now owns 58,174 shares of the conglomerate’s stock worth $7,574,000 after purchasing an additional 19,474 shares during the period. 80.62% of the stock is owned by institutional investors and hedge funds.

UTX stock traded up $0.15 during midday trading on Friday, reaching $148.88. The company had a trading volume of 1,668,146 shares, compared to its average volume of 3,289,642. The company has a market capitalization of $127.63 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 2.07 and a beta of 1.22. The stock has a 50 day moving average price of $138.67 and a 200-day moving average price of $133.63. United Technologies Co. has a 1-year low of $100.48 and a 1-year high of $149.35. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.06 and a quick ratio of 0.75.

United Technologies (NYSE:UTX) last posted its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $2.21 EPS for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.18. The business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.31 billion. United Technologies had a return on equity of 16.81% and a net margin of 6.72%. United Technologies’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.93 earnings per share. As a group, research analysts anticipate that United Technologies Co. will post 8.13 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Thursday, November 14th. United Technologies’s dividend payout ratio (DPR) is presently 38.63%.

A number of research firms have recently weighed in on UTX. William Blair reissued a “hold” rating on shares of United Technologies in a report on Tuesday, September 3rd. Wolfe Research set a $152.00 target price on United Technologies and gave the stock a “buy” rating in a report on Wednesday, September 18th. Zacks Investment Research downgraded United Technologies from a “strong-buy” rating to a “hold” rating and set a $151.00 target price for the company. in a report on Friday, July 19th. JPMorgan Chase & Co. lifted their target price on United Technologies from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Barclays lifted their target price on United Technologies from $149.00 to $153.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $154.69.

In other United Technologies news, VP Robert J. Bailey sold 1,299 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $149.17, for a total transaction of $193,771.83. Following the completion of the transaction, the vice president now owns 2,600 shares of the company’s stock, valued at $387,842. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory Hayes sold 27,987 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $147.79, for a total value of $4,136,198.73. Following the transaction, the chief executive officer now directly owns 287,649 shares of the company’s stock, valued at approximately $42,511,645.71. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,306 shares of company stock valued at $25,914,056. 0.15% of the stock is owned by 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.

See Also: Why is the ex-dividend date different from the record date?

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Institutional Ownership by Quarter for United Technologies (NYSE:UTX)

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