Boston Research & Management Inc. decreased its stake in shares of United Technologies Corporation (NYSE:UTX) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,004 shares of the conglomerate’s stock after selling 450 shares during the period. United Technologies Corporation accounts for 1.8% of Boston Research & Management Inc.’s investment portfolio, making the stock its 23rd biggest position. Boston Research & Management Inc.’s holdings in United Technologies Corporation were worth $3,419,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the business. Alexandria Capital LLC increased its position in United Technologies Corporation by 0.3% during the second 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. TCI Wealth Advisors Inc. increased its position 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 buying an additional 7 shares in the last quarter. Kissinger Financial Services LLC increased its position in United Technologies Corporation by 0.5% during the second quarter. Kissinger Financial Services LLC now owns 2,095 shares of the conglomerate’s stock worth $256,000 after buying an additional 11 shares in the last quarter. Baystate Wealth Management LLC boosted its holdings in shares of United Technologies Corporation by 0.5% during the second quarter. Baystate Wealth Management LLC now owns 2,262 shares of the conglomerate’s stock worth $279,000 after purchasing an additional 11 shares during the last quarter. Finally, Vigilant Capital Management LLC boosted its holdings in shares of United Technologies Corporation by 0.7% during the second quarter. Vigilant Capital Management LLC now owns 1,891 shares of the conglomerate’s stock worth $231,000 after purchasing an additional 14 shares during the last quarter. 78.80% of the stock is owned by institutional investors.

Several research firms have recently issued reports on UTX. Cowen and Company restated a “buy” rating and set a $127.00 price objective on shares of United Technologies Corporation in a report on Tuesday, July 25th. BidaskClub upgraded United Technologies Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Credit Suisse Group restated a “buy” rating and set a $136.00 price objective on shares of United Technologies Corporation in a report on Wednesday, July 26th. Stifel Nicolaus raised their price objective on United Technologies Corporation from $122.00 to $124.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, Zacks Investment Research upgraded United Technologies Corporation from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Fourteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $125.15.

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In other United Technologies Corporation news, EVP Michael R. Dumais sold 2,986 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $120.98, for a total value of $361,246.28. Following the transaction, the executive vice president now directly owns 27,548 shares of the company’s stock, valued at $3,332,757.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.16% of the company’s stock.

United Technologies Corporation (UTX) opened at $116.53 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91. United Technologies Corporation has a 52-week low of $106.21 and a 52-week high of $124.79. The company has a market capitalization of $94,140.00, a PE ratio of 17.95, a price-to-earnings-growth ratio of 2.14 and a beta of 1.07.

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

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Friday, November 17th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Thursday, November 16th. United Technologies Corporation’s dividend payout ratio (DPR) is presently 43.34%.

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.

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

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