Burns J W & Co. Inc. NY increased its holdings in shares of United Technologies Corporation (NYSE:UTX) by 0.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,798 shares of the conglomerate’s stock after purchasing an additional 47 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in United Technologies Corporation were worth $3,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Alexandria Capital LLC lifted its holdings in shares of United Technologies Corporation by 0.4% during 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 in the last quarter. TCI Wealth Advisors Inc. lifted its holdings in shares of United Technologies Corporation by 0.3% during the first quarter. TCI Wealth Advisors Inc. now owns 2,501 shares of the conglomerate’s stock valued at $281,000 after purchasing an additional 7 shares in the last quarter. Jackson Grant Investment Advisers Inc. lifted its holdings in shares of United Technologies Corporation by 0.5% during the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,780 shares of the conglomerate’s stock valued at $200,000 after purchasing an additional 9 shares in the last quarter. Hudock Capital Group LLC lifted its holdings in shares of United Technologies Corporation by 0.5% during the first quarter. Hudock Capital Group LLC now owns 3,690 shares of the conglomerate’s stock valued at $414,000 after purchasing an additional 17 shares in the last quarter. Finally, FCG Advisors LLC lifted its holdings in shares of United Technologies Corporation by 1.1% during the first quarter. FCG Advisors LLC now owns 2,296 shares of the conglomerate’s stock valued at $258,000 after purchasing an additional 24 shares in the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of United Technologies Corporation (UTX) traded up 0.11% during mid-day trading on Monday, reaching $113.21. The company’s stock had a trading volume of 1,613,702 shares. The firm’s 50-day moving average price is $115.87 and its 200 day moving average price is $117.52. United Technologies Corporation has a 12-month low of $97.62 and a 12-month high of $124.79. The firm has a market cap of $90.43 billion, a P/E ratio of 17.24 and a beta of 1.05.

United Technologies Corporation (NYSE:UTX) last issued its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.07. The business had revenue of $15.28 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.82 EPS. On average, analysts expect that United Technologies Corporation will post $6.57 EPS for the current year.

A number of research analysts have recently issued reports on UTX shares. UBS AG upped their price target on United Technologies Corporation to $135.00 and gave the company a “buy” rating in a report on Monday, July 10th. Jefferies Group LLC reaffirmed a “buy” rating on shares of United Technologies Corporation in a report on Thursday, July 27th. Cowen and Company reaffirmed a “buy” rating and set a $127.00 price target on shares of United Technologies Corporation in a report on Tuesday, September 5th. Credit Suisse Group reaffirmed a “neutral” rating on shares of United Technologies Corporation in a report on Friday, September 1st. Finally, BidaskClub downgraded United Technologies Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $124.48.

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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