Lipe & Dalton increased its position in United Technologies Corporation (NYSE:UTX) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,064 shares of the conglomerate’s stock after acquiring an additional 140 shares during the period. United Technologies Corporation makes up about 3.4% of Lipe & Dalton’s portfolio, making the stock its 6th biggest holding. Lipe & Dalton’s holdings in United Technologies Corporation were worth $5,259,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Alexandria Capital LLC raised its stake in United Technologies Corporation by 0.3% in the 2nd quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock worth $132,000 after acquiring an additional 3 shares during the last quarter. TCI Wealth Advisors Inc. raised its stake in shares of United Technologies Corporation by 0.3% during the 1st quarter. TCI Wealth Advisors Inc. now owns 2,501 shares of the conglomerate’s stock valued at $281,000 after buying an additional 7 shares during the last quarter. Kissinger Financial Services LLC raised its stake in shares of United Technologies Corporation by 0.5% during the 2nd quarter. Kissinger Financial Services LLC now owns 2,095 shares of the conglomerate’s stock valued at $256,000 after buying an additional 11 shares during the last quarter. Baystate Wealth Management LLC raised its stake in shares of United Technologies Corporation by 0.5% during the 2nd quarter. Baystate Wealth Management LLC now owns 2,262 shares of the conglomerate’s stock valued at $279,000 after buying an additional 11 shares during the last quarter. Finally, Vigilant Capital Management LLC raised its stake in shares of United Technologies Corporation by 0.7% during the 2nd quarter. Vigilant Capital Management LLC now owns 1,891 shares of the conglomerate’s stock valued at $231,000 after buying an additional 14 shares during the last quarter. Institutional investors own 78.80% of the company’s stock.

In related news, EVP Michael R. Dumais sold 2,986 shares of United Technologies Corporation stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $120.98, for a total value of $361,246.28. Following the sale, the executive vice president now directly owns 27,548 shares in the company, valued at approximately $3,332,757.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.16% of the company’s stock.

A number of research firms have weighed in on UTX. BidaskClub lowered United Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Cowen and Company reiterated a “hold” rating and set a $120.00 price objective on shares of United Technologies Corporation in a research note on Friday, November 10th. Royal Bank Of Canada reiterated a “hold” rating and set a $125.00 price objective on shares of United Technologies Corporation in a research note on Sunday, August 13th. Jefferies Group LLC reiterated a “buy” rating on shares of United Technologies Corporation in a research note on Thursday, July 27th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $135.00 price objective (up previously from $130.00) on shares of United Technologies Corporation in a research note on Friday, July 21st. Fourteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $125.15.

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Shares of United Technologies Corporation (NYSE:UTX) opened at $117.89 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.31 and a debt-to-equity ratio of 0.76. United Technologies Corporation has a twelve month low of $106.21 and a twelve month high of $124.79. The stock has a market capitalization of $94,140.00, a PE ratio of 17.95, a P/E/G ratio of 2.14 and a beta of 1.07.

United Technologies Corporation (NYSE:UTX) last posted its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $14.99 billion. During the same period in the previous year, the firm posted $1.76 EPS. United Technologies Corporation’s revenue was up 4.9% compared to the same quarter last year. equities research analysts anticipate that United Technologies Corporation will post 6.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Friday, November 17th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.38%. The ex-dividend date is Thursday, November 16th. United Technologies Corporation’s payout ratio is 43.34%.

About United Technologies Corporation

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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