Foster & Motley Inc. Has $7.09 Million Stake in United Technologies Co. (UTX)

Foster & Motley Inc. lessened its position in United Technologies Co. (NYSE:UTX) by 0.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 66,549 shares of the conglomerate’s stock after selling 310 shares during the period. United Technologies comprises about 1.1% of Foster & Motley Inc.’s investment portfolio, making the stock its 22nd biggest holding. Foster & Motley Inc.’s holdings in United Technologies were worth $7,086,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of UTX. Newman Dignan & Sheerar Inc. raised its position in United Technologies by 1.1% in the fourth quarter. Newman Dignan & Sheerar Inc. now owns 8,234 shares of the conglomerate’s stock worth $877,000 after acquiring an additional 86 shares during the period. Cim LLC increased its stake in shares of United Technologies by 4.0% in the fourth quarter. Cim LLC now owns 2,280 shares of the conglomerate’s stock worth $243,000 after purchasing an additional 87 shares in the last quarter. Burke & Herbert Bank & Trust Co. increased its stake in shares of United Technologies by 1.6% in the fourth quarter. Burke & Herbert Bank & Trust Co. now owns 6,068 shares of the conglomerate’s stock worth $646,000 after purchasing an additional 96 shares in the last quarter. Farmers Trust Co. grew its stake in United Technologies by 1.4% during the fourth quarter. Farmers Trust Co. now owns 7,239 shares of the conglomerate’s stock valued at $771,000 after acquiring an additional 100 shares in the last quarter. Finally, Guidant Wealth Advisors grew its stake in United Technologies by 64.9% during the fourth quarter. Guidant Wealth Advisors now owns 254 shares of the conglomerate’s stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 83.48% of the company’s stock.

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United Technologies stock opened at $128.64 on Wednesday. The stock has a market capitalization of $110.10 billion, a PE ratio of 16.90, a PEG ratio of 1.79 and a beta of 1.17. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.13 and a quick ratio of 0.81. United Technologies Co. has a 12-month low of $100.48 and a 12-month high of $144.15.

United Technologies (NYSE:UTX) last released its earnings results on Wednesday, January 23rd. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.42. The firm had revenue of $18.04 billion during the quarter, compared to analyst estimates of $16.87 billion. United Technologies had a net margin of 7.92% and a return on equity of 17.53%. The business’s revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the business earned $1.60 EPS. Research analysts forecast that United Technologies Co. will post 7.91 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 10th. Shareholders of record on Friday, February 15th will be given a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Thursday, February 14th. United Technologies’s dividend payout ratio (DPR) is 38.63%.

In other United Technologies news, VP Robert J. Bailey sold 862 shares of the business’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $121.71, for a total transaction of $104,914.02. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Gregory Hayes sold 35,942 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $123.81, for a total transaction of $4,449,979.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,355 shares of company stock worth $8,538,419. Insiders own 0.17% of the company’s stock.

Several research firms recently weighed in on UTX. Wolfe Research set a $147.00 target price on shares of United Technologies and gave the company a “buy” rating in a research note on Monday, November 26th. ValuEngine raised shares of United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, November 23rd. Jefferies Financial Group set a $148.00 price objective on shares of United Technologies and gave the stock a “buy” rating in a research note on Tuesday, November 27th. Royal Bank of Canada dropped their price objective on shares of United Technologies to $148.00 and set an “outperform” rating for the company in a research note on Wednesday, October 24th. Finally, Zacks Investment Research cut shares of United Technologies from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. United Technologies has an average rating of “Buy” and a consensus target price of $144.85.

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United Technologies Company 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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