Capital One National Association grew its position in United Technologies Corporation (NYSE:UTX) by 11.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,173 shares of the conglomerate’s stock after purchasing an additional 1,180 shares during the period. Capital One National Association’s holdings in United Technologies Corporation were worth $1,364,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Riggs Asset Managment Co. Inc. raised 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 last quarter. Alexandria Capital LLC raised 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 last quarter. Paragon Capital Management Ltd purchased a new stake in shares of United Technologies Corporation in the first quarter valued at about $139,000. Thompson Davis & CO. Inc. raised its holdings in shares of United Technologies Corporation by 22.9% in the first quarter. Thompson Davis & CO. Inc. now owns 1,338 shares of the conglomerate’s stock valued at $150,000 after purchasing an additional 249 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its holdings in shares of United Technologies Corporation by 42.3% in the first quarter. Proficio Capital Partners LLC now owns 1,298 shares of the conglomerate’s stock valued at $158,000 after purchasing an additional 386 shares during the last quarter. Institutional investors own 78.79% of the company’s stock.

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A number of analysts recently issued reports on UTX shares. Zacks Investment Research upgraded shares of United Technologies Corporation from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a report on Monday, June 5th. Sanford C. Bernstein restated a “market perform” rating and set a $135.00 price objective (up previously from $130.00) on shares of United Technologies Corporation in a report on Friday, July 21st. Royal Bank Of Canada restated a “hold” rating and set a $125.00 price objective on shares of United Technologies Corporation in a report on Friday, June 2nd. BidaskClub upgraded shares of United Technologies Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Finally, HSBC Holdings plc started coverage on shares of United Technologies Corporation in a report on Monday, June 12th. They set a “hold” rating and a $125.00 price objective for the company. Sixteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $124.48.

United Technologies Corporation (NYSE:UTX) traded up 0.330% on Wednesday, hitting $114.025. 1,450,350 shares of the company’s stock traded hands. The stock has a market cap of $91.08 billion, a P/E ratio of 17.369 and a beta of 1.05. The stock has a 50 day moving average price of $115.56 and a 200-day moving average price of $117.60. United Technologies Corporation has a 12 month low of $97.62 and a 12 month high of $124.79.

United Technologies Corporation (NYSE:UTX) last posted its quarterly 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. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The business had revenue of $15.28 billion during the quarter, compared to the consensus estimate of $15.24 billion. During the same period in the prior year, the company posted $1.82 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts predict that United Technologies Corporation will post $6.57 earnings per share for the current fiscal year.

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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