Factory Mutual Insurance Co. held its stake in United Technologies Corporation (NYSE:UTX) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 571,952 shares of the conglomerate’s stock at the end of the second quarter. Factory Mutual Insurance Co. owned 0.07% of United Technologies Corporation worth $69,840,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Alexandria Capital LLC lifted its stake in United Technologies Corporation by 0.4% during the first quarter. Alexandria Capital LLC now owns 1,075 shares of the conglomerate’s stock worth $121,000 after purchasing an additional 4 shares during the period. TCI Wealth Advisors Inc. lifted its stake in United Technologies Corporation by 0.3% during the first quarter. TCI Wealth Advisors Inc. now owns 2,501 shares of the conglomerate’s stock worth $281,000 after purchasing an additional 7 shares during the period. Jackson Grant Investment Advisers Inc. lifted its stake in 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 worth $200,000 after purchasing an additional 9 shares during the period. Hudock Capital Group LLC lifted its stake in United Technologies Corporation by 0.5% during the first quarter. Hudock Capital Group LLC now owns 3,690 shares of the conglomerate’s stock worth $414,000 after purchasing an additional 17 shares during the period. Finally, FCG Advisors LLC lifted its stake in United Technologies Corporation by 1.1% during the first quarter. FCG Advisors LLC now owns 2,296 shares of the conglomerate’s stock worth $258,000 after purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 78.79% of the company’s stock.

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United Technologies Corporation (UTX) traded up 0.33% during mid-day trading on Tuesday, reaching $113.14. 1,551,876 shares of the company’s stock were exchanged. United Technologies Corporation has a 12 month low of $97.62 and a 12 month high of $124.79. The stock has a 50-day moving average of $115.70 and a 200-day moving average of $117.58. The firm has a market cap of $90.37 billion, a price-to-earnings ratio of 17.23 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 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 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%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.82 EPS. Analysts anticipate that United Technologies Corporation will post $6.57 earnings per share for the current year.

UTX has been the subject of a number of analyst reports. Cowen and Company cut shares of United Technologies Corporation from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $127.00 to $120.00 in a research note on Wednesday, September 6th. Bank of America Corporation reaffirmed a “buy” rating and set a $140.00 price objective on shares of United Technologies Corporation in a report on Wednesday, September 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $139.00 price objective on shares of United Technologies Corporation in a report on Tuesday, August 29th. Credit Suisse Group reaffirmed a “buy” rating and set a $136.00 price objective on shares of United Technologies Corporation in a report on Wednesday, July 26th. Finally, BidaskClub raised shares of United Technologies Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Sixteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. United Technologies Corporation currently has a consensus rating of “Hold” and a consensus target price of $124.48.

United Technologies Corporation 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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