Reilly Financial Advisors LLC reduced its position in shares of United Technologies Corporation (NYSE:UTX) by 4.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 84,283 shares of the conglomerate’s stock after selling 3,668 shares during the period. Reilly Financial Advisors LLC’s holdings in United Technologies Corporation were worth $10,292,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Prospera Financial Services Inc boosted its stake in shares of United Technologies Corporation by 26.9% in the second quarter. Prospera Financial Services Inc now owns 7,324 shares of the conglomerate’s stock worth $893,000 after buying an additional 1,552 shares during the period. Highland Capital Management LLC boosted its stake in shares of United Technologies Corporation by 1.8% in the second quarter. Highland Capital Management LLC now owns 97,779 shares of the conglomerate’s stock worth $11,940,000 after buying an additional 1,722 shares during the period. BTIM Corp. boosted its stake in shares of United Technologies Corporation by 11.2% in the second quarter. BTIM Corp. now owns 15,231 shares of the conglomerate’s stock worth $1,860,000 after buying an additional 1,530 shares during the period. Tesco Pension Investment Ltd boosted its stake in shares of United Technologies Corporation by 27.6% in the second quarter. Tesco Pension Investment Ltd now owns 1,146,382 shares of the conglomerate’s stock worth $139,985,000 after buying an additional 248,221 shares during the period. Finally, Sit Investment Associates Inc. boosted its stake in shares of United Technologies Corporation by 2.9% in the second quarter. Sit Investment Associates Inc. now owns 203,017 shares of the conglomerate’s stock worth $24,790,000 after buying an additional 5,782 shares during the period. 78.81% of the stock is owned by hedge funds and other institutional investors.

United Technologies Corporation (NYSE:UTX) traded up 0.11% during mid-day trading on Friday, hitting $116.89. The stock had a trading volume of 2,090,943 shares. United Technologies Corporation has a 12-month low of $97.62 and a 12-month high of $124.79. The stock has a market cap of $93.37 billion, a price-to-earnings ratio of 17.81 and a beta of 1.06. The company has a 50-day moving average of $121.18 and a 200-day moving average of $116.91.

United Technologies Corporation (NYSE:UTX) last issued its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.07. The business had revenue of $15.28 billion during the quarter, compared to the consensus estimate of $15.24 billion. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.82 earnings per share. On average, analysts anticipate that United Technologies Corporation will post $6.58 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Friday, August 18th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This is an increase from United Technologies Corporation’s previous quarterly dividend of $0.66. This represents a $2.80 annualized dividend and a dividend yield of 2.40%. United Technologies Corporation’s payout ratio is currently 40.24%.

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A number of analysts recently issued reports on the company. BidaskClub raised United Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Jefferies Group LLC reissued a “buy” rating on shares of United Technologies Corporation in a research report on Thursday, July 27th. Credit Suisse Group reissued a “buy” rating and issued a $136.00 target price on shares of United Technologies Corporation in a research report on Wednesday, July 26th. Cowen and Company reissued a “buy” rating and issued a $127.00 target price on shares of United Technologies Corporation in a research report on Tuesday, July 25th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $135.00 target price (up from $130.00) on shares of United Technologies Corporation in a research report on Friday, July 21st. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. United Technologies Corporation has an average rating of “Hold” and a consensus price target of $123.54.

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.

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

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