Edmond DE Rothschild Holding S.A. increased its position in shares of United Technologies Corporation (NYSE:UTX) by 2.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 389,521 shares of the conglomerate’s stock after buying an additional 9,760 shares during the period. United Technologies Corporation comprises 1.2% of Edmond DE Rothschild Holding S.A.’s holdings, making the stock its 22nd largest position. Edmond DE Rothschild Holding S.A.’s holdings in United Technologies Corporation were worth $43,708,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Beacon Financial Group increased its position in shares of United Technologies Corporation by 16.3% in the first quarter. Beacon Financial Group now owns 7,832 shares of the conglomerate’s stock worth $880,000 after buying an additional 1,096 shares during the period. Pensionfund Sabic bought a new position in shares of United Technologies Corporation during the first quarter worth about $2,469,000. Pensionfund DSM Netherlands bought a new position in shares of United Technologies Corporation during the first quarter worth about $4,926,000. Park National Corp OH increased its position in shares of United Technologies Corporation by 1.5% in the first quarter. Park National Corp OH now owns 19,375 shares of the conglomerate’s stock worth $2,174,000 after buying an additional 291 shares during the period. Finally, First Financial Bank N.A. Trust Division increased its position 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 during the period. Institutional investors own 78.81% of the company’s stock.

Shares of United Technologies Corporation (NYSE:UTX) traded down 0.72% during mid-day trading on Thursday, hitting $116.36. The stock had a trading volume of 653,363 shares. The firm has a 50 day moving average of $121.48 and a 200-day moving average of $116.87. United Technologies Corporation has a one year low of $97.62 and a one year high of $124.79. The stock has a market cap of $92.95 billion, a P/E ratio of 17.72 and a beta of 1.06.

United Technologies Corporation (NYSE:UTX) last released its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.07. The business had revenue of $15.28 billion during the quarter, compared to analysts’ expectations of $15.24 billion. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.82 EPS. Equities research analysts expect that United Technologies Corporation will post $6.58 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Friday, August 18th will be given a dividend of $0.70 per share. This is a boost from United Technologies Corporation’s previous quarterly dividend of $0.66. This represents a $2.80 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Wednesday, August 16th. United Technologies Corporation’s dividend payout ratio is currently 40.24%.

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A number of research analysts recently issued reports on UTX shares. Royal Bank Of Canada reiterated a “neutral” rating on shares of United Technologies Corporation in a research note on Thursday, April 27th. Jefferies Group LLC reiterated a “buy” rating and set a $132.00 price objective (up from $126.00) on shares of United Technologies Corporation in a research note on Thursday, April 27th. Deutsche Bank AG boosted their price objective on United Technologies Corporation from $115.00 to $120.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Morgan Stanley boosted their price objective on United Technologies Corporation from $120.00 to $123.00 and gave the company an “overweight” rating in a research note on Friday, April 28th. Finally, Vetr upgraded United Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target 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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