United Technologies Corporation (NYSE:UTX) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Other equities analysts have also issued research reports about the company. Jefferies Group LLC reiterated a “buy” rating and set a $132.00 target price (up previously from $126.00) on shares of United Technologies Corporation in a research note on Thursday, April 27th. Zacks Investment Research upgraded United Technologies Corporation from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research note on Tuesday, May 16th. UBS AG increased their target price on United Technologies Corporation to $135.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Cowen and Company reiterated a “buy” rating and set a $127.00 target price on shares of United Technologies Corporation in a research note on Tuesday, July 25th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $136.00 target price on shares of United Technologies Corporation in a research note on Wednesday, July 26th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $123.54.

Shares of United Technologies Corporation (NYSE:UTX) opened at 118.19 on Monday. The company has a market capitalization of $94.41 billion, a PE ratio of 18.00 and a beta of 1.06. United Technologies Corporation has a 52-week low of $97.62 and a 52-week high of $124.79. The stock’s 50 day moving average price is $121.76 and its 200-day moving average price is $116.66.

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

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Several large investors have recently modified their holdings of the stock. Harbour Capital Advisors LLC increased its stake in shares of United Technologies Corporation by 11,652.2% in the second quarter. Harbour Capital Advisors LLC now owns 2,127,156 shares of the conglomerate’s stock worth $17,420,000 after buying an additional 2,109,056 shares in the last quarter. Flossbach Von Storch AG increased its stake in shares of United Technologies Corporation by 95.6% in the second quarter. Flossbach Von Storch AG now owns 1,617,008 shares of the conglomerate’s stock worth $197,453,000 after buying an additional 790,496 shares in the last quarter. Swiss National Bank increased its stake in shares of United Technologies Corporation by 25.2% in the first quarter. Swiss National Bank now owns 2,771,721 shares of the conglomerate’s stock worth $311,015,000 after buying an additional 557,300 shares in the last quarter. American Century Companies Inc. increased its stake in shares of United Technologies Corporation by 15.8% in the first quarter. American Century Companies Inc. now owns 3,430,061 shares of the conglomerate’s stock worth $384,887,000 after buying an additional 468,515 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in shares of United Technologies Corporation during the first quarter worth $40,211,000. 78.81% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for United Technologies Corporation (NYSE:UTX)

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