Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in United Technologies Corporation (NYSE:UTX) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,561,685 shares of the conglomerate’s stock after selling 47,143 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.20% of United Technologies Corporation worth $190,697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Advisors Asset Management Inc. boosted its position in shares of United Technologies Corporation by 3.4% during the first quarter. Advisors Asset Management Inc. now owns 145,569 shares of the conglomerate’s stock worth $16,334,000 after buying an additional 4,734 shares during the period. American Century Companies Inc. boosted its position in shares of United Technologies Corporation by 15.8% during the first quarter. American Century Companies Inc. now owns 3,430,061 shares of the conglomerate’s stock worth $384,887,000 after buying an additional 468,515 shares during the period. Bbva Compass Bancshares Inc. boosted its position in shares of United Technologies Corporation by 2.7% during the first quarter. Bbva Compass Bancshares Inc. now owns 104,785 shares of the conglomerate’s stock worth $11,759,000 after buying an additional 2,801 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of United Technologies Corporation by 15.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 192,380 shares of the conglomerate’s stock worth $21,818,000 after buying an additional 25,571 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of United Technologies Corporation by 179.4% during the first quarter. Daiwa Securities Group Inc. now owns 63,110 shares of the conglomerate’s stock worth $7,082,000 after buying an additional 40,520 shares during the period. 78.80% of the stock is owned by hedge funds and other institutional investors.

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Several research analysts have recently weighed in on UTX shares. Bank of America Corporation reaffirmed a “buy” rating and set a $140.00 price objective on shares of United Technologies Corporation in a research report on Wednesday, September 6th. Deutsche Bank AG reduced their price objective on United Technologies Corporation from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Wednesday, September 6th. Vertical Research cut United Technologies Corporation from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research report on Tuesday, September 5th. Cowen and Company cut United Technologies Corporation from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $127.00 to $120.00 in a research report on Wednesday, September 6th. Finally, Stifel Nicolaus increased their price target on United Technologies Corporation from $122.00 to $124.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Fourteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $125.15.

In other news, EVP Michael R. Dumais sold 2,986 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $120.98, for a total transaction of $361,246.28. Following the transaction, the executive vice president now owns 27,548 shares in the company, valued at $3,332,757.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.16% of the stock is currently owned by company insiders.

United Technologies Corporation (UTX) opened at $117.07 on Tuesday. The firm has a market capitalization of $94,319.09, a P/E ratio of 17.84, a PEG ratio of 2.13 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.31. United Technologies Corporation has a 52 week low of $106.21 and a 52 week high of $124.79.

United Technologies Corporation (NYSE:UTX) last announced its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.05. The company had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. United Technologies Corporation had a return on equity of 17.66% and a net margin of 8.79%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.76 earnings per share. research analysts expect that United Technologies Corporation will post 6.61 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.70 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.39%. United Technologies Corporation’s dividend payout ratio (DPR) is currently 43.41%.

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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