United Technologies Corporation (NYSE:UTX).
Gateway Investment Advisers LLC says it increased its stake in United Technologies Corporation by 1,439 shares as of the end of the last quarter. Its investment stood at $68,763,000 an increase of 9.1% according to the filing.
Gateway Investment Advisers LLC isn’t the only one who has changed their investment in UTX. As of quarter end Pennsylvania Trust Co had bought a total of 38,337 shares growing its position 59.8%. The value of the total investment in United Technologies Corporation went from $7,188,000 to $12,509,000 increasing 74.0% since the last quarter. As of the end of the quarter Narwhal Capital Management had acquired 3,525 shares growing its holdings by 14.4%. The value of the investment in United Technologies Corporation increased from $2,744,000 to $3,416,000 a change of $672,000 quarter over quarter.
As of the end of the quarter Union Bankshares Corp had acquired a total of 174 shares growing its stake by 3.9%. The value of the investment in (UTX) went from $504,000 to $570,000 a change of 13.1% for the reporting period.
On October 10 the stock rating was downgraded from “Buy” to “Neutral” by analysts at CItigroup. Equity analyst Baird began coverage of the stock setting a rating of “Neutral” and a price target of $110.00.
On September 19 UBS left the stock rating at “Buy” and lowered the price target to $115.00 from $124.00. July 27 investment analysts at Barclays made no change to the company rating of “Equalweight” but raised the price expectation from $100.00 to $110.00.
RBC Capital lowered the price target and downgraded the stock on May 3 changing the price objective from $109.00 to $107.00 and setting the rating at “Neutral” which had previously been “Outperform”. On May 3 the company was downgraded to “Neutral” from “Outperform” with a current price target of $107.00 in an announcement from RBC Capital.
In the market the company is trading up since yesterday’s close of $123.54. Additionally United Technologies Corporation recently announced a dividend to be paid on Sunday September 10th, 2017. The dividend payment will be $0.700 per share for the quarter or $2.80 on an annualized basis. This dividend represents a yield of $2.28. The ex-dividend date will be on Wednesday May 17th, 2017.
Shares of the company are trading at $124.48 marginally over $121.16, the stock’s 50 day moving average and a bit higher than the 200 day moving average of $114.71. The 50 day moving average went up by +2.57% whereas the 200 day average was up by +8.34%.
The most current P/E ratio is 19.35 and the market value is 99.57B. In the last earnings report the EPS was $6.42 and is projected to be $6.58 for the current year with 801,227,000 shares outstanding. Next quarter’s EPS is expected be $1.72 and the next full year EPS is projected to be $7.07.