Bennicas & Associates Inc. boosted its position in shares of United Technologies Corporation (NYSE:UTX) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,515 shares of the conglomerate’s stock after buying an additional 24 shares during the period. Bennicas & Associates Inc.’s holdings in United Technologies Corporation were worth $1,406,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Cohen Lawrence B raised its stake in shares of United Technologies Corporation by 23.1% in the first quarter. Cohen Lawrence B now owns 17,775 shares of the conglomerate’s stock worth $1,994,000 after buying an additional 3,335 shares in the last quarter. Triangle Securities Wealth Management raised its stake in shares of United Technologies Corporation by 0.3% in the first quarter. Triangle Securities Wealth Management now owns 24,706 shares of the conglomerate’s stock worth $2,772,000 after buying an additional 86 shares in the last quarter. Atalanta Sosnoff Capital LLC raised its stake in shares of United Technologies Corporation by 1.3% in the first quarter. Atalanta Sosnoff Capital LLC now owns 17,192 shares of the conglomerate’s stock worth $1,929,000 after buying an additional 217 shares in the last quarter. Franklin Street Advisors Inc. NC raised its stake in shares of United Technologies Corporation by 9.3% in the first quarter. Franklin Street Advisors Inc. NC now owns 74,823 shares of the conglomerate’s stock worth $8,396,000 after buying an additional 6,390 shares in the last quarter. Finally, First Financial Bank N.A. Trust Division raised its stake in shares of United Technologies Corporation by 4.2% in the first quarter. First Financial Bank N.A. Trust Division now owns 38,643 shares of the conglomerate’s stock worth $4,336,000 after buying an additional 1,571 shares in the last quarter. Hedge funds and other institutional investors own 78.81% of the company’s stock.

Shares of United Technologies Corporation (NYSE UTX) traded down 0.732% on Wednesday, hitting $117.325. The stock had a trading volume of 1,395,181 shares. The firm’s 50-day moving average is $121.76 and its 200-day moving average is $116.66. United Technologies Corporation has a one year low of $97.62 and a one year high of $124.79. The company has a market cap of $93.72 billion, a price-to-earnings ratio of 17.871 and a beta of 1.06.

United Technologies Corporation (NYSE:UTX) last posted its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.07. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The firm had revenue of $15.28 billion for the quarter, compared to the consensus estimate of $15.24 billion. During the same period in the previous year, the business earned $1.82 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts expect that United Technologies Corporation will post $6.59 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Friday, August 18th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, August 16th. This is an increase from United Technologies Corporation’s previous quarterly dividend of $0.66. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.37%. United Technologies Corporation’s payout ratio is 40.24%.

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A number of equities research analysts recently commented on the company. Zacks Investment Research lowered United Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Cowen and Company reiterated a “buy” rating and issued a $127.00 target price on shares of United Technologies Corporation in a research report on Tuesday, July 25th. BidaskClub lowered United Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Morgan Stanley reiterated an “overweight” rating and issued a $138.00 target price (up previously from $132.00) on shares of United Technologies Corporation in a research report on Monday, July 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $126.00 target price on shares of United Technologies Corporation in a research report on Friday, July 7th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $123.54.

About United Technologies Corporation

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. Otis operates as an elevator and escalator manufacturing, installation and service company.

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Institutional Ownership by Quarter for United Technologies Corporation (NYSE:UTX)

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