Stack Financial Management Inc decreased its position in United Technologies Corporation (NYSE:UTX) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,780 shares of the conglomerate’s stock after selling 189 shares during the period. United Technologies Corporation accounts for 4.0% of Stack Financial Management Inc’s investment portfolio, making the stock its 5th largest position. Stack Financial Management Inc’s holdings in United Technologies Corporation were worth $37,341,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Alexandria Capital LLC raised its stake in shares of United Technologies Corporation by 0.4% in the first quarter. Alexandria Capital LLC now owns 1,075 shares of the conglomerate’s stock worth $121,000 after buying an additional 4 shares during the period. TCI Wealth Advisors Inc. raised its stake in shares of United Technologies Corporation by 0.3% in 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 during the period. Jackson Grant Investment Advisers Inc. raised its stake in shares of United Technologies Corporation by 0.5% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,780 shares of the conglomerate’s stock worth $200,000 after buying an additional 9 shares during the period. First Command Financial Services Inc. raised its stake in shares of United Technologies Corporation by 0.3% in the first quarter. First Command Financial Services Inc. now owns 3,573 shares of the conglomerate’s stock worth $401,000 after buying an additional 11 shares during the period. Finally, Kissinger Financial Services LLC raised its stake in shares of United Technologies Corporation by 0.6% in the first quarter. Kissinger Financial Services LLC now owns 2,084 shares of the conglomerate’s stock worth $234,000 after buying an additional 12 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Shares of United Technologies Corporation (NYSE:UTX) traded down 0.20% during trading on Friday, hitting $115.07. 2,246,101 shares of the stock were exchanged. 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 $91.91 billion, a price-to-earnings ratio of 17.53 and a beta of 1.06. The stock’s 50 day moving average is $119.55 and its 200-day moving average is $117.36.

United Technologies Corporation (NYSE:UTX) last released its earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.07. United Technologies Corporation had a net margin of 9.15% and a return on equity of 18.07%. The business had revenue of $15.28 billion during the quarter, compared to analysts’ expectations of $15.24 billion. During the same period last year, the business earned $1.82 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. Equities research analysts anticipate that United Technologies Corporation will post $6.58 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Friday, August 18th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This is a boost from United Technologies Corporation’s previous quarterly dividend of $0.66. This represents a $2.80 annualized dividend and a dividend yield of 2.43%. United Technologies Corporation’s dividend payout ratio (DPR) is currently 42.68%.

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A number of brokerages recently issued reports on UTX. Zacks Investment Research upgraded shares of United Technologies Corporation from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a research report on Monday, June 5th. Sanford C. Bernstein restated a “market perform” rating and set a $135.00 target price (up previously from $130.00) on shares of United Technologies Corporation in a research report on Friday, July 21st. Vetr upgraded shares of United Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $125.00 price target on shares of United Technologies Corporation in a research note on Friday, June 2nd. Finally, BidaskClub raised shares of United Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price 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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