Camelot Portfolios LLC lessened its holdings in United Technologies Corporation (NYSE:UTX) by 17.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,566 shares of the conglomerate’s stock after selling 1,200 shares during the period. Camelot Portfolios LLC’s holdings in United Technologies Corporation were worth $680,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of UTX. Riggs Asset Managment Co. Inc. increased 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 worth $112,000 after buying an additional 125 shares in the last quarter. Winfield Associates Inc. increased 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 worth $126,000 after buying an additional 29 shares in the last quarter. Alexandria Capital LLC increased its stake in United Technologies Corporation by 0.3% in the 2nd quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock worth $132,000 after buying an additional 3 shares in the last quarter. Exane Derivatives purchased a new stake in United Technologies Corporation in the 2nd quarter worth $141,000. Finally, Thompson Davis & CO. Inc. increased its stake in United Technologies Corporation by 22.9% in the 1st quarter. Thompson Davis & CO. Inc. now owns 1,338 shares of the conglomerate’s stock worth $150,000 after buying an additional 249 shares in the last quarter. Institutional investors and hedge funds own 78.78% of the company’s stock.

A number of equities research analysts have issued reports on the company. Zacks Investment Research lowered United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Cowen and Company reiterated a “buy” rating and issued a $127.00 price target on shares of United Technologies Corporation in a research note on Tuesday, July 25th. BidaskClub lowered United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Morgan Stanley reiterated an “overweight” rating and issued a $138.00 price target (up previously from $132.00) on shares of United Technologies Corporation in a research note on Monday, July 10th. Finally, UBS AG increased their price target on United Technologies Corporation to $135.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $125.27.

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United Technologies Corporation (NYSE:UTX) opened at 119.01 on Tuesday. The company has a 50 day moving average of $115.21 and a 200-day moving average of $118.19. The company has a market cap of $95.06 billion, a P/E ratio of 18.13 and a beta of 1.05. United Technologies Corporation has a one year low of $97.62 and a one year high of $124.79.

United Technologies Corporation (NYSE:UTX) last announced its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating 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 company had revenue of $15.28 billion during the quarter, compared to analysts’ expectations of $15.24 billion. During the same quarter in the prior year, the company earned $1.82 EPS. United Technologies Corporation’s revenue was up 2.7% compared to the same quarter last year. On average, equities analysts expect that United Technologies Corporation will post $6.57 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Friday, November 17th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.80 annualized dividend and a yield of 2.35%. United Technologies Corporation’s dividend payout ratio is presently 42.68%.

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.

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

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