United Technologies Corp. (NYSE:UTX) reached a new 52-week high during trading on Wednesday . The stock traded as high as $108.50 and last traded at $108.06, with a volume of 820,900 shares changing hands. The stock had previously closed at $108.34.

Several research firms have recently commented on UTX. Stifel Nicolaus restated a “hold” rating on shares of United Technologies Corp. in a report on Sunday, July 31st. Barclays PLC boosted their price target on shares of United Technologies Corp. from $108.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 27th. Jefferies Group restated a “buy” rating and issued a $118.00 price target on shares of United Technologies Corp. in a report on Wednesday, July 27th. Bank of America Corp. reiterated a “buy” rating and set a $130.00 price objective (up previously from $115.00) on shares of United Technologies Corp. in a research note on Wednesday, July 27th. Finally, Zacks Investment Research upgraded shares of United Technologies Corp. from a “sell” rating to a “hold” rating in a research note on Friday, July 22nd. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $109.80.

The stock has a 50 day moving average price of $104.32 and a 200 day moving average price of $99.46. The stock has a market cap of $90.37 billion and a PE ratio of 12.73.

United Technologies Corp. (NYSE:UTX) last issued its earnings results on Tuesday, July 26th. The company reported $1.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.14. During the same period last year, the business earned $1.81 EPS. The firm earned $14.90 billion during the quarter, compared to analyst estimates of $14.67 billion. The firm’s revenue was up 1.3% compared to the same quarter last year. On average, analysts anticipate that United Technologies Corp. will post $6.58 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, September 10th. Investors of record on Friday, August 19th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.64 annualized dividend and a yield of 2.44%.

In other United Technologies Corp. news, CEO Gregory Hayes sold 980 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $102.15, for a total transaction of $100,107.00. Following the sale, the chief executive officer now owns 139,398 shares of the company’s stock, valued at $14,239,505.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert J. Mcdonough sold 3,100 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $107.11, for a total transaction of $332,041.00. Following the sale, the insider now directly owns 11,349 shares in the company, valued at approximately $1,215,591.39. The disclosure for this sale can be found here.

Other hedge funds recently added to or reduced their stakes in the company. OppenheimerFunds Inc. boosted its stake in United Technologies Corp. by 5.1% in the fourth quarter. OppenheimerFunds Inc. now owns 1,180,815 shares of the company’s stock worth $113,471,000 after buying an additional 57,252 shares during the last quarter. Northstar Investment Advisors LLC boosted its stake in United Technologies Corp. by 0.8% in the fourth quarter. Northstar Investment Advisors LLC now owns 71,424 shares of the company’s stock worth $6,862,000 after buying an additional 553 shares during the last quarter. Alpha Cubed Investments LLC boosted its stake in United Technologies Corp. by 2.6% in the fourth quarter. Alpha Cubed Investments LLC now owns 53,514 shares of the company’s stock worth $5,141,000 after buying an additional 1,373 shares during the last quarter. Usca Ria LLC boosted its stake in United Technologies Corp. by 4.9% in the fourth quarter. Usca Ria LLC now owns 23,414 shares of the company’s stock worth $2,249,000 after buying an additional 1,088 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY boosted its stake in United Technologies Corp. by 311.7% in the fourth quarter. Matrix Asset Advisors Inc. NY now owns 108,756 shares of the company’s stock worth $10,448,000 after buying an additional 82,341 shares during the last quarter.

United Technologies Corporation is engaged in providing high technology products and services to the building systems and aerospace industries around the world. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. Its Otis segment designs, manufactures, sells and installs a range of passenger and freight elevators, as well as a line of escalators and moving walkways.

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