Traders bought shares of United Technologies Corporation (NYSE:UTX) on weakness during trading hours on Monday. $73.27 million flowed into the stock on the tick-up and $40.88 million flowed out of the stock on the tick-down, for a money net flow of $32.39 million into the stock. Of all stocks tracked, United Technologies Corporation had the 11th highest net in-flow for the day. United Technologies Corporation traded down ($1.80) for the day and closed at $117.92

Several equities analysts have recently weighed in on the company. Jefferies Group LLC restated a “buy” rating and set a $139.00 price target on shares of United Technologies Corporation in a report on Tuesday, August 29th. Credit Suisse Group restated a “buy” rating and set a $136.00 price target on shares of United Technologies Corporation in a report on Wednesday, July 26th. BidaskClub upgraded United Technologies Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Morgan Stanley restated an “overweight” rating and set a $138.00 price target (up from $132.00) on shares of United Technologies Corporation in a report on Monday, July 10th. Finally, Zacks Investment Research upgraded United Technologies Corporation from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a report on Tuesday, May 30th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. United Technologies Corporation currently has a consensus rating of “Hold” and a consensus target price of $123.95.

The firm has a market capitalization of $94.19 billion, a P/E ratio of 17.96 and a beta of 1.05. The company has a 50 day moving average of $118.86 and a 200-day moving average of $117.62.

United Technologies Corporation (NYSE:UTX) last announced its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. The business 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 company’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.82 earnings per share. Analysts predict that United Technologies Corporation will post $6.58 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Friday, August 18th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, August 16th. This is a positive change from United Technologies Corporation’s previous quarterly dividend of $0.66. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.37%. United Technologies Corporation’s dividend payout ratio is currently 42.68%.

Several hedge funds have recently made changes to their positions in UTX. Riggs Asset Managment Co. Inc. increased its holdings in shares of 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 purchasing an additional 125 shares during the period. Tortoise Investment Management LLC increased its holdings in shares of United Technologies Corporation by 5.3% in the second quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock valued at $117,000 after purchasing an additional 48 shares during the period. Seven Bridges Advisors LLC acquired a new position in shares of United Technologies Corporation in the second quarter valued at about $120,000. Alexandria Capital LLC increased its holdings in shares of 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 purchasing an additional 4 shares during the period. Finally, Winfield Associates Inc. increased its holdings in shares of United Technologies Corporation by 2.9% in the second quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock valued at $126,000 after purchasing an additional 29 shares during the period. 78.85% of the stock is currently owned by institutional investors and hedge funds.

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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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