Cincinnati Insurance Co. held its position in United Technologies Corp. (NYSE:UTX) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 766,906 shares of the company’s stock at the end of the second quarter. United Technologies Corp. comprises 2.6% of Cincinnati Insurance Co.’s holdings, making the stock its 12th largest position. Cincinnati Insurance Co. owned 0.09% of United Technologies Corp. worth $78,646,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its position in United Technologies Corp. by 1.7% in the first quarter. Franklin Resources Inc. now owns 18,076,858 shares of the company’s stock valued at $1,809,493,000 after buying an additional 293,635 shares during the period. Fisher Asset Management LLC boosted its stake in United Technologies Corp. by 1.4% in the first quarter. Fisher Asset Management LLC now owns 8,375,521 shares of the company’s stock valued at $875,828,000 after buying an additional 118,364 shares in the last quarter. First Pacific Advisors LLC boosted its stake in United Technologies Corp. by 7.3% in the second quarter. First Pacific Advisors LLC now owns 6,862,946 shares of the company’s stock valued at $703,795,000 after buying an additional 464,778 shares in the last quarter. Boston Partners boosted its stake in United Technologies Corp. by 182.4% in the second quarter. Boston Partners now owns 4,192,600 shares of the company’s stock valued at $429,951,000 after buying an additional 2,707,944 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in United Technologies Corp. by 6.4% in the second quarter. Ameriprise Financial Inc. now owns 3,422,129 shares of the company’s stock valued at $350,916,000 after buying an additional 204,942 shares in the last quarter. Institutional investors and hedge funds own 80.18% of the company’s stock.

United Technologies Corp. (NYSE:UTX) traded up 0.11% on Tuesday, reaching $100.55. The company had a trading volume of 1,725,432 shares. The stock’s 50-day moving average price is $106.53 and its 200 day moving average price is $102.89. The firm has a market capitalization of $84.15 billion, a price-to-earnings ratio of 11.86 and a beta of 1.06. United Technologies Corp. has a 52-week low of $83.39 and a 52-week high of $109.83.

United Technologies Corp. (NYSE:UTX) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.14. United Technologies Corp. had a net margin of 12.79% and a return on equity of 18.14%. The firm earned $14.90 billion during the quarter, compared to analyst estimates of $14.67 billion. During the same quarter last year, the business posted $1.81 EPS. The company’s revenue was up 1.3% on a year-over-year basis. On average, equities analysts anticipate that United Technologies Corp. will post $6.58 earnings per share for the current fiscal year.

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

In other United Technologies Corp. news, VP Charles D. Gill sold 7,144 shares of United Technologies Corp. stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Charles D. Gill sold 6,202 shares of United Technologies Corp. stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $109.00, for a total transaction of $676,018.00. Following the sale, the vice president now directly owns 51,778 shares of the company’s stock, valued at approximately $5,643,802. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.

About United Technologies Corp.

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.

5 Day Chart for NYSE:UTX

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