United Technologies Corporation (NYSE:UTX).
Gateway Investment Advisers LLC bought 1,439 shares last quarter increasing its stake in United Technologies Corporation (UTX) by 0.3%. Its investment was valued at $68,763,000 an increase of 9.1% as of the end of the quarter.
Here are some other firms who have updated their holdings. Pennsylvania Trust Co expanded its investment by buying 38,337 shares an increase of 59.8%. Pennsylvania Trust Co claims 102,394 shares worth $12,509,000. The value of the position overall is up by 74.0%. As of quarter end Narwhal Capital Management had acquired a total of 3,525 shares growing its position 14.4%. The value of the investment in (UTX) increased from $2,744,000 to $3,416,000 increasing 24.5% since the last quarter.
Union Bankshares Corp added to its position by buying 174 shares an increase of 3.9% in the quarter. Union Bankshares Corp now holds 4,669 shares valued at $570,000. The total value of its holdings increased 13.1%.
On October 10, 2016 the stock rating was changed to a “Neutral” in a report from CItigroup down from the previous “Buy” rating. Baird added UTX to its research portfolio giving it an initial rating of “Neutral” and establishing a price target of $110.00.
On September 19 UBS maintained a stock rating of “Buy” but lowered the price expectation from $124.00 to $115.00. July 27 investment analysts at Barclays kept the company rating at “Equalweight” but moved up the price target to $110.00 from $100.00.
RBC Capital both downgraded the stock and lowered the price target on May 3 cutting the price target from $109.00 to $107.00 and cutting the rating from “Outperform” to “Neutral”. On May 3 the company was downgraded to “Neutral” from “Outperform” with a current price target of $107.00 by analysts at RBC Capital.
In the market the company is trading up from yesterday’s close of $123.54. United Technologies Corporation declared a dividend for shareholders payable on Sunday the 10th of September 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 Wednesday the 17th of May 2017.
Company shares last traded at $124.48 which is slightly above $121.16, the stock’s 50 day moving average and just a bit higher than the 200 day moving average of $114.71. The 50 day moving average was up $3.11 or +2.57% whereas the 200 day average was up by +8.34%.
The company’s P/E ratio is 19.35 and market capitalization is 99.57B. As of the last earnings report the EPS was $6.42 and is estimated to be $6.58 for the current year with 801,227,000 shares now outstanding. Next quarter’s EPS is expected be $1.72 and the next full year EPS is anticipated to be $7.07.