Investors purchased shares of United Technologies Corporation (NYSE:UTX) on weakness during trading hours on Tuesday. $340.78 million flowed into the stock on the tick-up and $305.13 million flowed out of the stock on the tick-down, for a money net flow of $35.65 million into the stock. Of all companies tracked, United Technologies Corporation had the 21st highest net in-flow for the day. United Technologies Corporation traded down ($6.71) for the day and closed at $111.21

Several brokerages recently commented on UTX. BidaskClub raised shares of United Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Royal Bank Of Canada reissued a “hold” rating and set a $125.00 price objective on shares of United Technologies Corporation in a research report on Friday, June 2nd. Sanford C. Bernstein reissued a “market perform” rating and set a $135.00 price objective (up from $130.00) on shares of United Technologies Corporation in a research report on Friday, July 21st. Zacks Investment Research raised shares of United Technologies Corporation from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a research report on Monday, June 5th. Finally, Vertical Research downgraded shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. Fifteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. United Technologies Corporation presently has an average rating of “Hold” and a consensus target price of $123.95.

The company has a market capitalization of $88.83 billion, a price-to-earnings ratio of 16.94 and a beta of 1.05. The stock’s 50 day moving average price is $118.39 and its 200 day moving average price is $117.74.

United Technologies Corporation (NYSE:UTX) last announced its earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share 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 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%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.82 EPS. On average, equities research analysts anticipate that United Technologies Corporation will post $6.58 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Friday, August 18th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.52%. This is an increase from United Technologies Corporation’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Wednesday, August 16th. United Technologies Corporation’s dividend payout ratio is presently 42.68%.

A number of hedge funds and other institutional investors have recently bought and sold shares of UTX. Riggs Asset Managment Co. Inc. raised its stake in United Technologies Corporation by 14.3% in the 1st 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 last quarter. Tortoise Investment Management LLC raised its stake in United Technologies Corporation by 5.3% in the 2nd 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 last quarter. Seven Bridges Advisors LLC acquired a new position in United Technologies Corporation in the 2nd quarter valued at $120,000. Alexandria Capital LLC raised its stake in United Technologies Corporation by 0.4% in the 1st 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 last quarter. Finally, Winfield Associates Inc. raised its stake in United Technologies Corporation by 2.9% in the 2nd 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 last quarter. 78.85% of the stock is owned by hedge funds and other institutional investors.

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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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