First Republic Investment Management Inc. boosted its holdings in shares of United Technologies Co. (NYSE:UTX) by 3.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 872,220 shares of the conglomerate’s stock after purchasing an additional 27,412 shares during the period. First Republic Investment Management Inc.’s holdings in United Technologies were worth $109,053,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of UTX. Morningstar Investment Services LLC boosted its holdings in shares of United Technologies by 6.3% in the first quarter. Morningstar Investment Services LLC now owns 261,808 shares of the conglomerate’s stock valued at $32,941,000 after acquiring an additional 15,624 shares in the last quarter. Grassi Investment Management purchased a new stake in shares of United Technologies in the second quarter valued at about $7,044,000. Victory Capital Management Inc. boosted its holdings in shares of United Technologies by 189.6% in the second quarter. Victory Capital Management Inc. now owns 109,588 shares of the conglomerate’s stock valued at $13,701,000 after acquiring an additional 71,753 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of United Technologies by 0.5% in the second quarter. Jones Financial Companies Lllp now owns 96,047 shares of the conglomerate’s stock valued at $12,009,000 after acquiring an additional 502 shares in the last quarter. Finally, Sun Life Financial INC boosted its holdings in shares of United Technologies by 546.5% in the second quarter. Sun Life Financial INC now owns 6,265 shares of the conglomerate’s stock valued at $784,000 after acquiring an additional 5,296 shares in the last quarter. 82.05% of the stock is currently owned by institutional investors.

Shares of NYSE UTX opened at $137.80 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.82. United Technologies Co. has a 52 week low of $112.65 and a 52 week high of $139.24. The stock has a market capitalization of $107.12 billion, a P/E ratio of 20.72, a P/E/G ratio of 2.03 and a beta of 1.01.

United Technologies (NYSE:UTX) last announced its quarterly earnings data on Tuesday, July 24th. The conglomerate reported $1.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.12. United Technologies had a net margin of 8.09% and a return on equity of 17.53%. The firm had revenue of $16.71 billion during the quarter, compared to analysts’ expectations of $16.26 billion. During the same quarter last year, the business earned $1.85 earnings per share. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. research analysts anticipate that United Technologies Co. will post 7.23 EPS for the current fiscal year.

In related news, VP Robert J. Bailey sold 828 shares of the firm’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $134.75, for a total value of $111,573.00. Following the completion of the sale, the vice president now owns 2,000 shares in the company, valued at $269,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Charles D. Gill sold 14,255 shares of the firm’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $136.43, for a total transaction of $1,944,809.65. Following the completion of the sale, the vice president now owns 55,029 shares of the company’s stock, valued at approximately $7,507,606.47. The disclosure for this sale can be found here. Insiders sold 18,511 shares of company stock valued at $2,521,974 in the last quarter. Company insiders own 0.17% of the company’s stock.

Several analysts have recently weighed in on the stock. ValuEngine raised shares of United Technologies from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research downgraded shares of United Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. UBS Group assumed coverage on shares of United Technologies in a report on Wednesday, August 15th. They issued a “buy” rating on the stock. Jefferies Financial Group set a $157.00 target price on shares of United Technologies and gave the company a “buy” rating in a report on Tuesday, July 10th. Finally, Morgan Stanley assumed coverage on shares of United Technologies in a report on Friday, June 15th. They issued an “overweight” rating and a $160.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $146.78.

United Technologies Profile

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.

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

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