Trading Report: Today, World Asset Management Inc invests in United Technologies Corp. (UTX) Shares

Today, World Asset Management Inc invests in United Technologies Corp. (UTX) Shares

World Asset Management Inc raised its position in United Technologies Corp. (NYSE:UTX) by 1.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,915 shares of the company’s stock after buying an additional 1,481 shares during the period. World Asset Management Inc’s holdings in United Technologies Corp. were worth $8,221,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Advisors Inc. raised its position in shares of United Technologies Corp. by 0.3% in the second quarter. Cornerstone Advisors Inc. now owns 1,895 shares of the company’s stock worth $194,000 after buying an additional 5 shares during the period. Ronna Sue Cohen raised its position in shares of United Technologies Corp. by 0.3% in the second quarter. Ronna Sue Cohen now owns 2,722 shares of the company’s stock worth $279,000 after buying an additional 7 shares during the last quarter. Jackson Grant Investment Advisers Inc. raised its position in shares of United Technologies Corp. by 0.5% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,902 shares of the company’s stock worth $195,000 after buying an additional 10 shares during the last quarter. Alpha Windward LLC raised its position in shares of United Technologies Corp. by 0.5% in the third quarter. Alpha Windward LLC now owns 2,399 shares of the company’s stock worth $244,000 after buying an additional 12 shares during the last quarter. Finally, AT Bancorp raised its position in shares of United Technologies Corp. by 0.3% in the third quarter. AT Bancorp now owns 4,992 shares of the company’s stock worth $506,000 after buying an additional 14 shares during the last quarter. Institutional investors own 80.67% of the company’s stock.

United Technologies Corp. (NYSE:UTX) traded up 0.62% during trading on Friday, reaching $108.78. The company’s stock had a trading volume of 1,008,723 shares. The firm 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 52-week low of $83.39 and a 52-week high of $109.83. The stock has a market cap of $89.57 billion, a price-to-earnings ratio of 12.43 and a beta of 1.10.

United Technologies Corp. (NYSE:UTX) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.09. The firm earned $14.40 billion during the quarter, compared to analysts’ expectations of $12.28 billion. United Technologies Corp. had a return on equity of 18.28% and a net margin of 12.87%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.67 EPS. On average, analysts expect 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. Shareholders of record on Friday, November 18th will be issued a $0.66 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $2.64 annualized dividend and a yield of 2.43%. United Technologies Corp.’s dividend payout ratio is presently 30.28%.

A number of research analysts recently commented on the company. Wells Fargo & Co. restated a “buy” rating on shares of United Technologies Corp. in a research note on Monday, November 14th. Vetr lowered United Technologies Corp. from a “buy” rating to a “hold” rating and set a $106.05 target price for the company. in a research note on Monday, November 7th. Stifel Nicolaus restated a “hold” rating on shares of United Technologies Corp. in a research note on Wednesday, October 26th. Zacks Investment Research upgraded United Technologies Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, October 26th. Finally, Citigroup Inc. lowered United Technologies Corp. from a “buy” rating to a “neutral” rating and upped their target price for the company from $99.20 to $100.58 in a research note on Monday, October 10th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $109.80.

In other United Technologies Corp. news, VP Robert J. Bailey sold 967 shares of United Technologies Corp. stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $106.46, for a total value of $102,946.82. Following the completion of the transaction, the vice president now directly owns 2,000 shares of the company’s stock, valued at approximately $212,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is owned by company insiders.

About United Technologies Corp.

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