Gradient Investments LLC boosted its position in shares of United Technologies Corporation (NYSE:UTX) by 3.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,814 shares of the conglomerate’s stock after buying an additional 1,915 shares during the period. Gradient Investments LLC’s holdings in United Technologies Corporation were worth $7,060,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in UTX. Riggs Asset Managment Co. Inc. raised its position in United Technologies Corporation by 14.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock valued at $112,000 after buying an additional 125 shares during the period. Alexandria Capital LLC raised its position in United Technologies Corporation by 0.4% in the first quarter. Alexandria Capital LLC now owns 1,075 shares of the conglomerate’s stock valued at $121,000 after buying an additional 4 shares during the period. Paragon Capital Management Ltd bought a new position in United Technologies Corporation during the first quarter valued at $139,000. Exane Derivatives bought a new position in United Technologies Corporation during the second quarter valued at $141,000. Finally, Thompson Davis & CO. Inc. raised its position in United Technologies Corporation by 22.9% in the first quarter. Thompson Davis & CO. Inc. now owns 1,338 shares of the conglomerate’s stock valued at $150,000 after buying an additional 249 shares during the period. 78.81% of the stock is currently owned by institutional investors and hedge funds.

United Technologies Corporation (UTX) traded up 0.11% on Friday, hitting $116.89. The company had a trading volume of 2,090,943 shares. The stock has a 50 day moving average of $121.18 and a 200-day moving average of $116.91. United Technologies Corporation has a one year low of $97.62 and a one year high of $124.79. The stock has a market capitalization of $93.37 billion, a PE ratio of 17.81 and a beta of 1.06.

United Technologies Corporation (NYSE:UTX) last issued its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.07. The company had revenue of $15.28 billion during the quarter, compared to the consensus estimate of $15.24 billion. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. United Technologies Corporation’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the business posted $1.82 earnings per share. Equities analysts anticipate that United Technologies Corporation will post $6.58 EPS for the current 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 given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.40%. This is an increase from United Technologies Corporation’s previous quarterly dividend of $0.66. The ex-dividend date is Wednesday, August 16th. United Technologies Corporation’s dividend payout ratio (DPR) is presently 40.24%.

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Several research analysts have weighed in on UTX shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $132.00 price target (up previously from $126.00) on shares of United Technologies Corporation in a research report on Thursday, April 27th. Zacks Investment Research raised United Technologies Corporation from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research report on Tuesday, May 16th. BidaskClub raised United Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. UBS AG boosted their price target on United Technologies Corporation to $135.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $127.00 price target on shares of United Technologies Corporation in a research report on Tuesday, July 25th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average 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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