KCM Investment Advisors LLC trimmed its position in United Technologies Co. (NYSE:UTX) by 16.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,508 shares of the conglomerate’s stock after selling 3,855 shares during the period. KCM Investment Advisors LLC’s holdings in United Technologies were worth $2,727,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. BTR Capital Management Inc. boosted its holdings in shares of United Technologies by 0.4% during the 2nd quarter. BTR Capital Management Inc. now owns 92,105 shares of the conglomerate’s stock worth $11,516,000 after purchasing an additional 375 shares during the last quarter. Squar Milner Financial Services LLC boosted its holdings in shares of United Technologies by 13.5% during the 2nd quarter. Squar Milner Financial Services LLC now owns 3,346 shares of the conglomerate’s stock worth $418,000 after purchasing an additional 397 shares during the last quarter. Ascension Asset Management LLC boosted its holdings in shares of United Technologies by 2.6% during the 2nd quarter. Ascension Asset Management LLC now owns 15,775 shares of the conglomerate’s stock worth $1,972,000 after purchasing an additional 400 shares during the last quarter. Elmwood Wealth Management Inc. boosted its holdings in shares of United Technologies by 5.4% during the 3rd quarter. Elmwood Wealth Management Inc. now owns 7,763 shares of the conglomerate’s stock worth $1,085,000 after purchasing an additional 400 shares during the last quarter. Finally, Howe & Rusling Inc. boosted its holdings in shares of United Technologies by 13.3% during the 3rd quarter. Howe & Rusling Inc. now owns 3,400 shares of the conglomerate’s stock worth $475,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 81.67% of the company’s stock.

Several research analysts have recently weighed in on the company. UBS Group assumed coverage on United Technologies in a report on Wednesday, August 15th. They set a “buy” rating on the stock. Zacks Investment Research upgraded United Technologies from a “hold” rating to a “buy” rating and set a $158.00 target price on the stock in a report on Thursday, October 4th. ValuEngine upgraded United Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Royal Bank of Canada decreased their price objective on United Technologies to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, October 24th. Finally, Robert W. Baird upped their price objective on United Technologies from $156.00 to $167.00 and gave the company a “neutral” rating in a report on Thursday, September 20th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. United Technologies has an average rating of “Buy” and a consensus price target of $151.90.

UTX opened at $130.13 on Monday. United Technologies Co. has a one year low of $115.40 and a one year high of $144.15. The company has a market capitalization of $104.23 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 1.97 and a beta of 1.09. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.17 and a current ratio of 1.52.

United Technologies (NYSE:UTX) last released its quarterly earnings data on Tuesday, October 23rd. The conglomerate reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.11. United Technologies had a return on equity of 17.70% and a net margin of 7.76%. The firm had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $16.10 billion. During the same period in the prior year, the firm posted $1.73 earnings per share. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, analysts anticipate that United Technologies Co. will post 7.26 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be given a $0.735 dividend. This is a positive change from United Technologies’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $2.94 dividend on an annualized basis and a yield of 2.26%. United Technologies’s payout ratio is presently 44.21%.

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United Technologies Company 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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