United Technologies Corp. (NYSE:UTX) hit a new 52-week high during trading on Wednesday . The company 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 equities research analysts recently issued reports on UTX shares. Stifel Nicolaus restated a “hold” rating on shares of United Technologies Corp. in a research report on Sunday, July 31st. Barclays PLC raised their price objective on shares of United Technologies Corp. from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 27th. Jefferies Group restated a “buy” rating and set a $118.00 price objective on shares of United Technologies Corp. in a research report on Wednesday, July 27th. Bank of America Corp. restated a “buy” rating and set a $130.00 price objective (up from $115.00) on shares of United Technologies Corp. in a research report 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 report 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 company currently has a consensus rating of “Hold” and an average target price of $109.80.

The company has a market cap of $91.27 billion and a P/E ratio of 12.86. The firm has a 50 day moving average price of $104.73 and a 200-day moving average price of $99.59.

United Technologies Corp. (NYSE:UTX) last posted its earnings results on Tuesday, July 26th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.14. The business had revenue of $14.90 billion for the quarter, compared to analyst estimates of $14.67 billion. During the same period last year, the company posted $1.81 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities analysts expect that United Technologies Corp. will post $6.58 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 10th. Investors of record on Friday, August 19th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Wednesday, August 17th.

In related news, VP Charles D. Gill sold 7,144 shares of the stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $108.05, for a total transaction of $771,909.20. Following the completion of the sale, the vice president now owns 55,278 shares of the company’s stock, valued at approximately $5,972,787.90. 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 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 of the company’s stock, valued at approximately $1,215,591.39. The disclosure for this sale can be found here.

Other hedge funds have bought and sold shares of the company. Vanguard Group Inc. increased its stake in United Technologies Corp. by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 51,558,180 shares of the company’s stock worth $4,953,194,000 after buying an additional 843,871 shares during the period. Agran Libbie boosted its position in United Technologies Corp. by 9,746.0% in the fourth quarter. Agran Libbie now owns 7,891,669 shares of the company’s stock worth $7,582,000 after buying an additional 7,811,518 shares in the last quarter. Morgan Stanley boosted its position in United Technologies Corp. by 16.8% in the fourth quarter. Morgan Stanley now owns 7,856,017 shares of the company’s stock worth $754,729,000 after buying an additional 1,129,662 shares in the last quarter. Eaton Vance Management boosted its position in United Technologies Corp. by 0.7% in the fourth quarter. Eaton Vance Management now owns 6,227,354 shares of the company’s stock worth $598,262,000 after buying an additional 42,594 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its position in United Technologies Corp. by 4.7% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 3,922,175 shares of the company’s stock worth $376,803,000 after buying an additional 176,170 shares in 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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