Koshinski Asset Management Inc. Sells 1,215 Shares of United Technologies Co. (UTX)

Koshinski Asset Management Inc. trimmed its position in shares of United Technologies Co. (NYSE:UTX) by 22.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,175 shares of the conglomerate’s stock after selling 1,215 shares during the period. Koshinski Asset Management Inc.’s holdings in United Technologies were worth $533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of UTX. Beach Investment Management LLC. purchased a new stake in shares of United Technologies during the 2nd quarter worth approximately $434,000. Connecticut Wealth Management LLC raised its holdings in shares of United Technologies by 10.1% during the 2nd quarter. Connecticut Wealth Management LLC now owns 11,966 shares of the conglomerate’s stock worth $1,473,000 after acquiring an additional 1,098 shares in the last quarter. Palisade Asset Management LLC raised its holdings in shares of United Technologies by 3.9% during the 2nd quarter. Palisade Asset Management LLC now owns 84,088 shares of the conglomerate’s stock worth $10,268,000 after acquiring an additional 3,160 shares in the last quarter. Wetherby Asset Management Inc. raised its holdings in shares of United Technologies by 18.9% during the 2nd quarter. Wetherby Asset Management Inc. now owns 14,573 shares of the conglomerate’s stock worth $1,779,000 after acquiring an additional 2,313 shares in the last quarter. Finally, Forward Management LLC raised its holdings in shares of United Technologies by 0.3% during the 2nd quarter. Forward Management LLC now owns 12,492 shares of the conglomerate’s stock worth $1,525,000 after acquiring an additional 40 shares in the last quarter. 79.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of United Technologies Co. (NYSE UTX) opened at $129.26 on Monday. The company has a quick ratio of 0.94, a current ratio of 1.35 and a debt-to-equity ratio of 0.80. United Technologies Co. has a 12 month low of $107.05 and a 12 month high of $139.24. The company has a market capitalization of $103,380.00, a PE ratio of 19.70, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08.

United Technologies (NYSE:UTX) last released its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.04. United Technologies had a return on equity of 14.66% and a net margin of 7.50%. The company had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $15.34 billion. During the same period last year, the business posted $1.56 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. equities research analysts predict that United Technologies Co. will post 7.04 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 16th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, February 15th. United Technologies’s dividend payout ratio (DPR) is presently 42.68%.

In other United Technologies news, VP Robert J. Bailey sold 864 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $126.01, for a total value of $108,872.64. Following the completion of the sale, the vice president now directly owns 2,000 shares in the company, valued at $252,020. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Robert J. Bailey sold 827 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $118.06, for a total value of $97,635.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,480 shares of company stock valued at $1,658,028. 0.16% of the stock is currently owned by company insiders.

Several brokerages have recently issued reports on UTX. Cowen reaffirmed a “hold” rating and set a $141.00 price objective on shares of United Technologies in a report on Thursday, January 25th. Goldman Sachs Group raised United Technologies from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. ValuEngine raised United Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded United Technologies from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Stifel Nicolaus restated a “hold” rating and set a $146.00 price target (up previously from $124.00) on shares of United Technologies in a report on Thursday, January 25th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $137.07.

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United Technologies 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 (NYSE:UTX)

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