Traders purchased shares of United Technologies Corp. (NYSE:UTX) on weakness during trading on Tuesday. $80.11 million flowed into the stock on the tick-up and $37.70 million flowed out of the stock on the tick-down, for a money net flow of $42.41 million into the stock. Of all equities tracked, United Technologies Corp. had the 7th highest net in-flow for the day. United Technologies Corp. traded down ($0.53) for the day and closed at $109.16

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

The firm has a market capitalization of $91.36 billion and a PE ratio of 12.87. The company’s 50-day moving average price is $105.57 and its 200 day moving average price is $100.29.

United Technologies Corp. (NYSE:UTX) last released its earnings results on Tuesday, July 26th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.14. The business earned $14.90 billion during the quarter, compared to analysts’ expectations of $14.67 billion. United Technologies Corp.’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.81 EPS. On average, analysts forecast that United Technologies Corp. will post $6.58 EPS for the current fiscal year.

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

In related news, VP Charles D. Gill sold 7,144 shares of the stock in a transaction on Wednesday, July 27th. The stock was 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 directly owns 55,278 shares in the company, valued at $5,972,787.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Robert J. Mcdonough sold 3,100 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $107.11, for a total value of $332,041.00. Following the sale, the insider now owns 11,349 shares of the company’s stock, valued at $1,215,591.39. The disclosure for this sale can be found here.

Other hedge funds have recently made changes to their positions in the company. Bragg Financial Advisors Inc raised its stake in shares of United Technologies Corp. by 0.6% in the fourth quarter. Bragg Financial Advisors Inc now owns 50,218 shares of the company’s stock valued at $4,824,000 after buying an additional 306 shares in the last quarter. Parsons Capital Management Inc. RI raised its stake in shares of United Technologies Corp. by 0.8% in the fourth quarter. Parsons Capital Management Inc. RI now owns 42,651 shares of the company’s stock valued at $4,097,000 after buying an additional 337 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of United Technologies Corp. by 2.2% in the fourth quarter. Ameritas Investment Partners Inc. now owns 15,914 shares of the company’s stock valued at $1,528,000 after buying an additional 349 shares in the last quarter. Boltwood Capital Management raised its stake in shares of 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 in the last quarter. Finally, Pitcairn Co. raised its stake in shares of United Technologies Corp. by 2.0% in the fourth quarter. Pitcairn Co. now owns 20,304 shares of the company’s stock valued at $1,951,000 after buying an additional 398 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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