Palladium Partners LLC trimmed its holdings in shares of United Technologies Co. (NYSE:UTX) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,398 shares of the conglomerate’s stock after selling 1,292 shares during the period. Palladium Partners LLC’s holdings in United Technologies were worth $5,664,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Knowledge Leaders Capital LLC purchased a new stake in United Technologies during the third quarter valued at about $105,000. Wealthcare Advisory Partners LLC purchased a new stake in United Technologies during the third quarter valued at about $118,000. Thompson Davis & CO. Inc. boosted its position in United Technologies by 750.4% during the third quarter. Thompson Davis & CO. Inc. now owns 1,080 shares of the conglomerate’s stock valued at $125,000 after buying an additional 953 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in United Technologies by 3.8% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,090 shares of the conglomerate’s stock valued at $133,000 after buying an additional 40 shares during the period. Finally, Rowland & Co. Investment Counsel ADV boosted its position in United Technologies by 0.3% during the second quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock valued at $143,000 after buying an additional 3 shares during the period. Institutional investors and hedge funds own 82.38% of the company’s stock.
In related news, VP Robert J. Bailey sold 2,032 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $134.95, for a total value of $274,218.40. Following the completion of the transaction, the vice president now directly owns 4,900 shares of the company’s stock, valued at $661,255. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is owned by corporate insiders.
United Technologies Co. (NYSE:UTX) opened at $128.33 on Friday. United Technologies Co. has a one year low of $109.10 and a one year high of $139.24. The stock has a market cap of $103,371.35, a PE ratio of 22.51, a P/E/G ratio of 2.13 and a beta of 1.05. 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 (NYSE:UTX) last released its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.04. United Technologies had a net margin of 7.61% and a return on equity of 17.35%. The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $15.34 billion. During the same period in the prior year, the firm earned $1.56 earnings per share. United Technologies’s revenue was up 7.0% on a year-over-year basis. analysts anticipate that United Technologies Co. will post 7.05 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Investors of record on Friday, February 16th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Thursday, February 15th. United Technologies’s payout ratio is currently 49.12%.
TRADEMARK VIOLATION WARNING: “Palladium Partners LLC Has $5.66 Million Holdings in United Technologies Co. (UTX)” was first published by Week Herald and is the sole property of of Week Herald. If you are reading this news story on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this news story can be viewed at https://weekherald.com/2018/03/18/palladium-partners-llc-has-5-66-million-holdings-in-united-technologies-co-utx.html.
About United Technologies
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.
Want to see what other hedge funds are holding UTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Technologies Co. (NYSE:UTX).
Receive News & Ratings for United Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Technologies and related companies with MarketBeat.com's FREE daily email newsletter.