Tompkins Financial Corp continued to hold its stake in shares of United Technologies Corporation (NYSE:UTX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,131 shares of the conglomerate’s stock at the end of the 2nd quarter. Tompkins Financial Corp’s holdings in United Technologies Corporation were worth $260,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UTX. TRUE Private Wealth Advisors lifted its stake in United Technologies Corporation by 34.5% in the first quarter. TRUE Private Wealth Advisors now owns 3,356 shares of the conglomerate’s stock worth $379,000 after purchasing an additional 861 shares during the last quarter. Stewart & Patten Co. LLC lifted its stake in United Technologies Corporation by 14.6% in the first quarter. Stewart & Patten Co. LLC now owns 9,205 shares of the conglomerate’s stock worth $1,033,000 after purchasing an additional 1,170 shares during the last quarter. OLD Point Trust & Financial Services N A lifted its stake in United Technologies Corporation by 1.5% in the first quarter. OLD Point Trust & Financial Services N A now owns 3,674 shares of the conglomerate’s stock worth $413,000 after purchasing an additional 54 shares during the last quarter. Abner Herrman & Brock LLC lifted its stake in United Technologies Corporation by 8.9% in the first quarter. Abner Herrman & Brock LLC now owns 66,068 shares of the conglomerate’s stock worth $7,413,000 after purchasing an additional 5,392 shares during the last quarter. Finally, Monarch Capital Management Inc. lifted its stake in United Technologies Corporation by 0.4% in the first quarter. Monarch Capital Management Inc. now owns 46,750 shares of the conglomerate’s stock worth $5,246,000 after purchasing an additional 169 shares during the last quarter. 78.79% of the stock is owned by institutional investors and hedge funds.

Several brokerages have issued reports on UTX. Deutsche Bank AG decreased their price objective on shares of United Technologies Corporation from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Wednesday, September 6th. Bank of America Corporation reissued a “buy” rating and issued a $140.00 price objective on shares of United Technologies Corporation in a research note on Wednesday, September 6th. Cowen and Company downgraded shares of United Technologies Corporation from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $127.00 to $120.00 in a research note on Wednesday, September 6th. Vertical Research downgraded shares of United Technologies Corporation from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research note on Tuesday, September 5th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of United Technologies Corporation in a research note on Friday, September 1st. Sixteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $124.48.

Shares of United Technologies Corporation (UTX) traded up 0.45% during trading on Friday, reaching $115.01. 2,833,424 shares of the company traded hands. The firm’s 50 day moving average price is $115.56 and its 200-day moving average price is $117.60. United Technologies Corporation has a 52 week low of $97.62 and a 52 week high of $124.79. The company has a market capitalization of $91.87 billion, a price-to-earnings ratio of 17.52 and a beta of 1.05.

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 consensus estimate of $1.78 by $0.07. United Technologies Corporation had a net margin of 9.15% and a return on equity of 18.07%. The firm had revenue of $15.28 billion for the quarter, compared to the consensus estimate of $15.24 billion. During the same period in the prior year, the firm earned $1.82 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts anticipate that United Technologies Corporation will post $6.57 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for United Technologies Corporation (NYSE:UTX)

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