Semmax Financial Advisors Inc. Acquires 827 Shares of United Technologies Co. (NYSE:UTX)

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Semmax Financial Advisors Inc. raised its holdings in United Technologies Co. (NYSE:UTX) by 80.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,857 shares of the conglomerate’s stock after purchasing an additional 827 shares during the quarter. Semmax Financial Advisors Inc.’s holdings in United Technologies were worth $242,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Great Valley Advisor Group Inc. increased its stake in shares of United Technologies by 276.0% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 11,743 shares of the conglomerate’s stock valued at $1,526,000 after buying an additional 8,620 shares during the period. Farr Miller & Washington LLC DC increased its stake in shares of United Technologies by 0.5% in the 2nd quarter. Farr Miller & Washington LLC DC now owns 383,785 shares of the conglomerate’s stock valued at $49,969,000 after buying an additional 2,017 shares during the period. BTR Capital Management Inc. increased its stake in shares of United Technologies by 1.6% in the 2nd quarter. BTR Capital Management Inc. now owns 87,006 shares of the conglomerate’s stock valued at $11,328,000 after buying an additional 1,398 shares during the period. M Holdings Securities Inc. increased its stake in shares of United Technologies by 11.9% in the 1st quarter. M Holdings Securities Inc. now owns 65,283 shares of the conglomerate’s stock valued at $8,414,000 after buying an additional 6,946 shares during the period. Finally, Farmers & Merchants Investments Inc. increased its stake in shares of United Technologies by 0.6% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 49,490 shares of the conglomerate’s stock valued at $6,444,000 after buying an additional 295 shares during the period. Hedge funds and other institutional investors own 80.13% of the company’s stock.

In other United Technologies news, EVP Elizabeth B. Amato sold 4,298 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $135.71, for a total value of $583,281.58. Following the completion of the transaction, the executive vice president now directly owns 30,847 shares of the company’s stock, valued at $4,186,246.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael R. Dumais sold 4,329 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $130.98, for a total value of $567,012.42. Following the completion of the transaction, the executive vice president now directly owns 39,265 shares of the company’s stock, valued at $5,142,929.70. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.

Shares of United Technologies stock traded down $4.54 during trading on Friday, reaching $123.42. 2,817,680 shares of the company were exchanged, compared to its average volume of 2,704,417. The company has a quick ratio of 0.74, a current ratio of 1.05 and a debt-to-equity ratio of 0.93. United Technologies Co. has a twelve month low of $100.48 and a twelve month high of $144.40. The business has a 50-day moving average price of $130.93 and a 200-day moving average price of $130.39. The firm has a market capitalization of $110.41 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 1.81 and a beta of 1.20.

United Technologies (NYSE:UTX) last announced its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.16. United Technologies had a return on equity of 16.81% and a net margin of 7.13%. The business had revenue of $19.63 billion during the quarter, compared to analysts’ expectations of $19.58 billion. During the same period in the previous year, the firm earned $1.97 earnings per share. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. On average, equities research analysts forecast that United Technologies Co. will post 8.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th will be paid a $0.735 dividend. The ex-dividend date is Thursday, August 15th. This represents a $2.94 dividend on an annualized basis and a yield of 2.38%. United Technologies’s payout ratio is 38.63%.

Several equities research analysts have recently commented on UTX shares. Cowen raised United Technologies from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $135.00 to $150.00 in a research note on Monday, June 24th. William Blair reissued a “hold” rating on shares of United Technologies in a research note on Monday, June 10th. Seaport Global Securities raised United Technologies from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a research note on Monday, June 10th. Zacks Investment Research cut United Technologies from a “strong-buy” rating to a “hold” rating and set a $151.00 price objective for the company. in a research note on Friday, July 19th. Finally, Barclays lifted their price objective on United Technologies from $149.00 to $153.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. United Technologies has an average rating of “Buy” and a consensus price target of $152.21.

About United Technologies

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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Institutional Ownership by Quarter for United Technologies (NYSE:UTX)

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