Dixon Hubard Feinour & Brown Inc. VA reduced its stake in United Technologies Co. (NYSE:UTX) by 8.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,144 shares of the conglomerate’s stock after selling 1,118 shares during the period. Dixon Hubard Feinour & Brown Inc. VA’s holdings in United Technologies were worth $1,698,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of UTX. Principal Financial Group Inc. lifted its holdings in shares of United Technologies by 10.6% during the first quarter. Principal Financial Group Inc. now owns 1,317,730 shares of the conglomerate’s stock valued at $165,797,000 after purchasing an additional 126,621 shares in the last quarter. Alpha Windward LLC bought a new position in shares of United Technologies during the second quarter valued at $272,000. Calamos Advisors LLC bought a new position in shares of United Technologies during the second quarter valued at $9,969,000. Deprince Race & Zollo Inc. lifted its holdings in shares of United Technologies by 9.9% during the second quarter. Deprince Race & Zollo Inc. now owns 180,772 shares of the conglomerate’s stock valued at $22,602,000 after purchasing an additional 16,289 shares in the last quarter. Finally, Pendal Group Ltd lifted its holdings in shares of United Technologies by 23.6% during the second quarter. Pendal Group Ltd now owns 686,032 shares of the conglomerate’s stock valued at $85,775,000 after purchasing an additional 130,791 shares in the last quarter. 81.67% of the stock is owned by institutional investors.
UTX stock opened at $129.73 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.17 and a current ratio of 1.52. The stock has a market capitalization of $102.77 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.95 and a beta of 1.09. United Technologies Co. has a fifty-two week low of $115.40 and a fifty-two week high of $144.15.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be given a $0.735 dividend. This is a boost from United Technologies’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, November 15th. This represents a $2.94 dividend on an annualized basis and a yield of 2.27%. United Technologies’s dividend payout ratio is presently 42.11%.
UTX has been the topic of a number of research analyst reports. Robert W. Baird upped their price target on United Technologies from $156.00 to $167.00 and gave the company a “neutral” rating in a report on Thursday, September 20th. Zacks Investment Research downgraded United Technologies from a “buy” rating to a “hold” rating in a report on Friday, October 26th. ValuEngine downgraded United Technologies from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Finally, Royal Bank of Canada lowered their target price on United Technologies to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, October 24th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $151.90.
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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