Today, United Technologies Corp. (UTX) Position Boosted by Flossbach Von Storch AG

Today, United Technologies Corp. (UTX) Position Boosted by Flossbach Von Storch AG
Flossbach Von Storch AG increased its position in shares of United Technologies Corp. (NYSE:UTX) by 12.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,949,200 shares of the company’s stock after buying an additional 213,200 shares during the period. United Technologies Corp. makes up about 3.3% of Flossbach Von Storch AG’s investment portfolio, making the stock its 12th largest position. Flossbach Von Storch AG owned 0.23% of United Technologies Corp. worth $198,039,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Chicago Partners Investment Group LLC bought a new position in shares of United Technologies Corp. during the second quarter worth about $103,000. Coconut Grove Bank raised its position in shares of United Technologies Corp. by 5.8% in the second quarter. Coconut Grove Bank now owns 1,037 shares of the company’s stock worth $106,000 after buying an additional 57 shares during the last quarter. Tortoise Investment Management LLC raised its position in shares of United Technologies Corp. by 6.1% in the second quarter. Tortoise Investment Management LLC now owns 1,065 shares of the company’s stock worth $109,000 after buying an additional 61 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. raised its position in shares of United Technologies Corp. by 181.1% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,071 shares of the company’s stock worth $110,000 after buying an additional 690 shares during the last quarter. Finally, Orrstown Financial Services Inc. raised its position in shares of United Technologies Corp. by 35.6% in the second quarter. Orrstown Financial Services Inc. now owns 1,085 shares of the company’s stock worth $111,000 after buying an additional 285 shares during the last quarter. Institutional investors and hedge funds own 80.67% of the company’s stock.

Shares of United Technologies Corp. (NYSE:UTX) traded up 0.62% during mid-day trading on Friday, reaching $108.78. 1,008,723 shares of the company were exchanged. The stock has a market capitalization of $89.57 billion, a P/E ratio of 12.43 and a beta of 1.10. The stock has a 50 day moving average price of $102.93 and a 200-day moving average price of $103.44. United Technologies Corp. has a 12 month low of $83.39 and a 12 month high of $109.83.

United Technologies Corp. (NYSE:UTX) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.09. United Technologies Corp. had a net margin of 12.87% and a return on equity of 18.28%. The company earned $14.40 billion during the quarter, compared to the consensus estimate of $12.28 billion. During the same quarter in the previous year, the firm earned $1.67 earnings per share. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. Analysts predict that United Technologies Corp. will post $6.60 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Friday, November 18th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.64 annualized dividend and a dividend yield of 2.43%. United Technologies Corp.’s dividend payout ratio is presently 30.28%.

A number of research analysts have issued reports on the stock. Vetr lowered shares of United Technologies Corp. from a “buy” rating to a “hold” rating and set a $106.05 price target on the stock. in a research note on Monday, November 7th. Zacks Investment Research upgraded shares of United Technologies Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, October 26th. Deutsche Bank AG restated a “hold” rating and set a $107.00 price target on shares of United Technologies Corp. in a research note on Friday, September 23rd. Wells Fargo & Co. restated an “outperform” rating on shares of United Technologies Corp. in a research note on Tuesday, September 13th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of United Technologies Corp. in a research note on Monday, September 26th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $109.80.

In other news, VP Robert J. Bailey sold 967 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $106.46, for a total transaction of $102,946.82. Following the completion of the sale, the vice president now owns 2,000 shares in the company, valued at approximately $212,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.15% of the company’s stock.

United Technologies Corp. Company Profile

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