Shares of United Technologies Corp. (NYSE:UTX) gapped up before the market opened on Friday . The stock had previously closed at $101.54, but opened at $101.97. United Technologies Corp. shares last traded at $103.34, with a volume of 1,715,166 shares trading hands.

A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded United Technologies Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, April 28th. Royal Bank Of Canada cut United Technologies Corp. from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $109.00 to $108.00 in a research report on Tuesday, May 3rd. They noted that the move was a valuation call. Goldman Sachs Group Inc. cut United Technologies Corp. from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $103.00 to $107.00 in a research report on Monday, May 2nd. TheStreet upgraded United Technologies Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, April 27th. Finally, Jefferies Group restated a “buy” rating on shares of United Technologies Corp. in a research report on Tuesday, July 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. United Technologies Corp. presently has an average rating of “Hold” and an average price target of $110.31.

The company’s 50 day moving average price is $100.93 and its 200-day moving average price is $97.19. The company has a market capitalization of $86.75 billion and a price-to-earnings ratio of 12.15.

United Technologies Corp. (NYSE:UTX) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.08. During the same quarter in the previous year, the business posted $1.51 EPS. The business earned $13.36 billion during the quarter, compared to the consensus estimate of $13.18 billion. The company’s revenue for the quarter was up .3% on a year-over-year basis. Analysts expect that United Technologies Corp. will post $6.55 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 10th. Stockholders of record on Friday, August 19th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.64 annualized dividend and a dividend yield of 2.55%.

In other news, VP Charles D. Gill sold 8,958 shares of United Technologies Corp. stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $102.04, for a total value of $914,074.32. Following the transaction, the vice president now owns 55,078 shares in the company, valued at approximately $5,620,159.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David L. Gitlin sold 7,091 shares of United Technologies Corp. stock in a transaction on Thursday, April 28th. The shares were sold at an average price of $104.22, for a total value of $739,024.02. Following the completion of the transaction, the insider now owns 15,086 shares in the company, valued at approximately $1,572,262.92. The disclosure for this sale can be found here.

Several large investors have recently added to or reduced their stakes in the stock. Mathes Company Inc. increased its stake in United Technologies Corp. by 33.7% in the fourth quarter. Mathes Company Inc. now owns 10,480 shares of the company’s stock valued at $1,007,000 after buying an additional 2,640 shares during the period. Security National Bank of SO Dak increased its stake in United Technologies Corp. by 5.9% in the fourth quarter. Security National Bank of SO Dak now owns 11,562 shares of the company’s stock valued at $1,111,000 after buying an additional 645 shares during the period. Oxbow Advisors LLC purchased a new stake in United Technologies Corp. during the fourth quarter valued at $1,217,000. Wellington Shields Capital Management LLC increased its stake in United Technologies Corp. by 8.6% in the fourth quarter. Wellington Shields Capital Management LLC now owns 13,273 shares of the company’s stock valued at $1,275,000 after buying an additional 1,050 shares during the period. Finally, Boltwood Capital Management increased its stake in United Technologies Corp. by 2.7% in the fourth quarter. Boltwood Capital Management now owns 13,875 shares of the company’s stock valued at $1,333,000 after buying an additional 370 shares during the period.

United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries across the world. The Company operates through five segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney; and UTC Aerospace Systems. Otis designs, manufactures, sells and installs a range of passenger and freight elevators for low-, medium- and high-speed applications, as well as a line of escalators and moving walkways.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.