Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of United Technologies Co. (NYSE:UTX) by 2.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 153,353 shares of the conglomerate’s stock after buying an additional 4,066 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in United Technologies were worth $17,801,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Knowledge Leaders Capital LLC purchased a new stake in shares of United Technologies in the third quarter valued at about $105,000. Tortoise Investment Management LLC raised its holdings in shares of United Technologies by 5.3% in the second quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock valued at $117,000 after purchasing an additional 48 shares during the last quarter. Seven Bridges Advisors LLC purchased a new stake in shares of United Technologies in the second quarter valued at about $120,000. Thompson Davis & CO. Inc. raised its holdings in shares of United Technologies by 750.4% in the third quarter. Thompson Davis & CO. Inc. now owns 1,080 shares of the conglomerate’s stock valued at $125,000 after purchasing an additional 953 shares during the last quarter. Finally, Winfield Associates Inc. raised its holdings in shares of United Technologies by 2.9% in the second quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock valued at $126,000 after purchasing an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

United Technologies Co. (NYSE:UTX) opened at $135.90 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.91 and a debt-to-equity ratio of 0.76. The firm has a market cap of $108,525.65, a PE ratio of 21.07, a price-to-earnings-growth ratio of 2.35 and a beta of 1.07. United Technologies Co. has a 1 year low of $106.85 and a 1 year high of $137.73.

United Technologies (NYSE:UTX) last issued its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. The firm had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. United Technologies had a net margin of 8.79% and a return on equity of 17.66%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business earned $1.76 earnings per share. sell-side analysts expect that United Technologies Co. will post 6.61 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of United Technologies from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a report on Saturday. Goldman Sachs Group upgraded shares of United Technologies from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. Robert W. Baird upgraded shares of United Technologies from a “neutral” rating to an “outperform” rating in a report on Friday, January 5th. Royal Bank of Canada upgraded shares of United Technologies from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Finally, Atlantic Securities upgraded shares of United Technologies from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. United Technologies currently has a consensus rating of “Hold” and a consensus price target of $128.19.

In other United Technologies news, VP Akhil Johri sold 5,979 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $121.03, for a total transaction of $723,638.37. Following the completion of the transaction, the vice president now owns 23,295 shares in the company, valued at $2,819,393.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert J. Bailey sold 827 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $118.06, for a total transaction of $97,635.62. The disclosure for this sale can be found here. Insiders have sold 16,466 shares of company stock valued at $2,019,274 in the last quarter. Company insiders own 0.16% of the company’s stock.

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About United Technologies

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 (NYSE:UTX)

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