Security National Trust Co. cut its position in United Technologies Corporation (NYSE:UTX) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,109 shares of the conglomerate’s stock after selling 1,544 shares during the period. United Technologies Corporation accounts for 1.4% of Security National Trust Co.’s holdings, making the stock its 16th largest position. Security National Trust Co.’s holdings in United Technologies Corporation were worth $4,165,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of UTX. Alexandria Capital LLC lifted 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. lifted 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. Jackson Grant Investment Advisers Inc. lifted its position in United Technologies Corporation by 0.5% during 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 in the last quarter. Kissinger Financial Services LLC lifted 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. Finally, Baystate Wealth Management LLC lifted its position in 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 buying an additional 11 shares in the last quarter. 78.87% of the stock is currently owned by hedge funds and other institutional investors.

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.

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 2.34%. The ex-dividend date is Thursday, November 16th. United Technologies Corporation’s dividend payout ratio (DPR) is presently 43.41%.

A number of brokerages recently commented on UTX. Zacks Investment Research upgraded United Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Stifel Nicolaus lifted their price objective on United Technologies Corporation from $122.00 to $124.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Cowen and Company reiterated a “hold” rating and set a $120.00 price objective on shares of United Technologies Corporation in a research report on Tuesday, October 24th. Royal Bank Of Canada reiterated a “hold” rating and set a $126.00 price objective on shares of United Technologies Corporation in a research report on Tuesday, October 10th. Finally, Deutsche Bank AG reduced their price objective on United Technologies Corporation from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Wednesday, September 6th. Fourteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. United Technologies Corporation presently has an average rating of “Hold” and a consensus target price of $125.15.

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United Technologies Corporation 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.

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

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