Traders purchased shares of United Technologies Corporation (NYSE:UTX) on weakness during trading hours on Friday. $104.86 million flowed into the stock on the tick-up and $51.62 million flowed out of the stock on the tick-down, for a money net flow of $53.24 million into the stock. Of all stocks tracked, United Technologies Corporation had the 12th highest net in-flow for the day. United Technologies Corporation traded down ($0.62) for the day and closed at $115.48

A number of equities research analysts have issued reports on the stock. BidaskClub raised shares of United Technologies Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Jefferies Group LLC reissued a “buy” rating and set a $132.00 target price (up previously from $126.00) on shares of United Technologies Corporation in a report on Thursday, April 27th. Royal Bank Of Canada reissued a “hold” rating and set a $125.00 target price on shares of United Technologies Corporation in a report on Friday, June 2nd. Sanford C. Bernstein reissued a “market perform” rating and set a $135.00 target price (up previously from $130.00) on shares of United Technologies Corporation in a report on Friday, July 21st. Finally, Deutsche Bank AG boosted their target price on shares of United Technologies Corporation from $115.00 to $120.00 and gave the company a “hold” rating in a report on Friday, April 28th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $123.54.

The stock has a 50-day moving average of $120.58 and a 200 day moving average of $117.09. The company has a market capitalization of $92.24 billion, a P/E ratio of 17.59 and a beta of 1.06.

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

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Friday, August 18th will be issued a $0.70 dividend. 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 yield of 2.42%. The ex-dividend date is Wednesday, August 16th. United Technologies Corporation’s payout ratio is currently 42.68%.

A number of hedge funds have recently made changes to their positions in UTX. Vanguard Group Inc. increased its stake in shares of United Technologies Corporation by 1.6% in the second quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock worth $6,693,250,000 after buying an additional 848,623 shares in the last quarter. BlackRock Inc. increased its stake in shares of United Technologies Corporation by 0.3% in the second quarter. BlackRock Inc. now owns 44,095,986 shares of the conglomerate’s stock worth $5,384,561,000 after buying an additional 133,036 shares in the last quarter. FMR LLC increased its stake in shares of United Technologies Corporation by 13.2% in the second quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock worth $2,514,316,000 after buying an additional 2,401,795 shares in the last quarter. Capital Research Global Investors increased its stake in shares of United Technologies Corporation by 3.6% in the second quarter. Capital Research Global Investors now owns 8,779,642 shares of the conglomerate’s stock worth $1,072,082,000 after buying an additional 304,989 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of United Technologies Corporation by 1.3% in the first quarter. Fisher Asset Management LLC now owns 8,535,397 shares of the conglomerate’s stock worth $957,757,000 after buying an additional 106,552 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

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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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