Marshall & Sullivan Inc. WA raised its stake in shares of United Technologies Corporation (NYSE:UTX) by 4.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,600 shares of the conglomerate’s stock after buying an additional 1,093 shares during the period. United Technologies Corporation accounts for approximately 2.9% of Marshall & Sullivan Inc. WA’s portfolio, making the stock its 15th largest position. Marshall & Sullivan Inc. WA’s holdings in United Technologies Corporation were worth $3,345,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Atalanta Sosnoff Capital LLC increased 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 valued at $1,929,000 after buying an additional 217 shares in the last quarter. Triangle Securities Wealth Management boosted its position in United Technologies Corporation by 0.3% in the first quarter. Triangle Securities Wealth Management now owns 24,706 shares of the conglomerate’s stock valued at $2,772,000 after buying an additional 86 shares during the last quarter. Cohen Lawrence B boosted its position in United Technologies Corporation by 23.1% in the first quarter. Cohen Lawrence B now owns 17,775 shares of the conglomerate’s stock valued at $1,994,000 after buying an additional 3,335 shares during the last quarter. Rosenbaum Jay D. boosted its position in United Technologies Corporation by 11.4% in the first quarter. Rosenbaum Jay D. now owns 6,828 shares of the conglomerate’s stock valued at $767,000 after buying an additional 700 shares during the last quarter. Finally, Moreno Evelyn V boosted its position in United Technologies Corporation by 15.7% in the first quarter. Moreno Evelyn V now owns 55,358 shares of the conglomerate’s stock valued at $6,212,000 after buying an additional 7,530 shares during the last quarter. 78.81% of the stock is owned by institutional investors and hedge funds.

Shares of United Technologies Corporation (NYSE:UTX) traded up 0.11% during mid-day trading on Friday, hitting $116.89. The stock had a trading volume of 2,090,943 shares. United Technologies Corporation has a 12 month low of $97.62 and a 12 month high of $124.79. The stock has a market cap of $93.37 billion, a P/E ratio of 17.81 and a beta of 1.06. The firm has a 50 day moving average price of $121.18 and a 200-day moving average price of $116.91.

United Technologies Corporation (NYSE:UTX) last posted its quarterly earnings data 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 company had revenue of $15.28 billion during the quarter, compared to analyst estimates of $15.24 billion. During the same quarter last year, the company earned $1.82 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities research analysts forecast that United Technologies Corporation will post $6.58 EPS for the current year.

The business also recently disclosed 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 yield of 2.40%. The ex-dividend date of this dividend is Wednesday, August 16th. This is a positive change from United Technologies Corporation’s previous quarterly dividend of $0.66. United Technologies Corporation’s dividend payout ratio (DPR) is 40.24%.

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UTX has been the topic of several recent research reports. Credit Suisse Group reiterated a “buy” rating and set a $136.00 price objective on shares of United Technologies Corporation in a research report on Wednesday, July 26th. BidaskClub upgraded United Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Morgan Stanley reiterated an “overweight” rating and set a $138.00 price objective (up previously from $132.00) on shares of United Technologies Corporation in a research report on Monday, July 10th. Zacks Investment Research upgraded United Technologies Corporation from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a research report on Tuesday, May 30th. Finally, Royal Bank Of Canada reiterated a “neutral” rating on shares of United Technologies Corporation in a research report on Thursday, April 27th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $123.54.

United Technologies Corporation Company Profile

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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