Nelson Roberts Investment Advisors LLC Lowers Stock Position in United Technologies Co. (NYSE:UTX)

Nelson Roberts Investment Advisors LLC cut its holdings in shares of United Technologies Co. (NYSE:UTX) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,365 shares of the conglomerate’s stock after selling 978 shares during the period. Nelson Roberts Investment Advisors LLC’s holdings in United Technologies were worth $6,494,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Accurate Investment Solutions Inc. purchased a new position in shares of United Technologies during the fourth quarter worth approximately $30,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of United Technologies during the fourth quarter worth $30,000. Savior LLC acquired a new stake in shares of United Technologies during the fourth quarter worth $32,000. Lighthouse Financial Advisors Inc. acquired a new stake in shares of United Technologies during the fourth quarter worth $36,000. Finally, Manchester Financial Inc. acquired a new stake in shares of United Technologies during the fourth quarter worth $40,000. Institutional investors and hedge funds own 79.27% of the company’s stock.

United Technologies stock traded down $1.59 during midday trading on Friday, reaching $130.59. The company’s stock had a trading volume of 12,341,089 shares, compared to its average volume of 4,456,598. United Technologies Co. has a fifty-two week low of $121.48 and a fifty-two week high of $158.44. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.77 and a current ratio of 1.08. The stock’s 50 day simple moving average is $152.01 and its 200 day simple moving average is $143.41. The firm has a market capitalization of $119.74 billion, a PE ratio of 20.37, a P/E/G ratio of 2.05 and a beta of 1.24.

United Technologies (NYSE:UTX) last released its earnings results on Tuesday, January 28th. The conglomerate reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.10. United Technologies had a return on equity of 16.60% and a net margin of 7.19%. The company had revenue of $19.55 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter last year, the company earned $1.95 earnings per share. United Technologies’s quarterly revenue was up 8.4% compared to the same quarter last year. Equities analysts predict that United Technologies Co. will post 8.32 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Friday, February 14th will be issued a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, February 13th. United Technologies’s dividend payout ratio (DPR) is currently 35.59%.

UTX has been the subject of several recent research reports. Benchmark initiated coverage on United Technologies in a report on Friday, January 31st. They set a “buy” rating and a $186.00 price target for the company. Credit Suisse Group decreased their price target on United Technologies from $177.00 to $172.00 and set an “outperform” rating for the company in a report on Monday. They noted that the move was a valuation call. Zacks Investment Research raised United Technologies from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a report on Thursday, November 28th. ValuEngine raised United Technologies from a “sell” rating to a “hold” rating in a report on Friday. Finally, Argus reaffirmed a “buy” rating and set a $170.00 price target on shares of United Technologies in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $164.27.

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

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