MEMBERS Trust Co boosted its position in United Technologies Co. (NYSE:UTX) by 8.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,977 shares of the conglomerate’s stock after purchasing an additional 405 shares during the quarter. MEMBERS Trust Co’s holdings in United Technologies were worth $635,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in UTX. Rowland & Co. Investment Counsel ADV increased its stake in shares of United Technologies by 0.3% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock valued at $143,000 after acquiring an additional 3 shares during the last quarter. Laurel Wealth Advisors Inc. increased its stake in shares of United Technologies by 0.3% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 5,943 shares of the conglomerate’s stock valued at $725,000 after acquiring an additional 18 shares during the last quarter. Monetary Management Group Inc. increased its stake in shares of United Technologies by 0.3% during the 2nd quarter. Monetary Management Group Inc. now owns 8,075 shares of the conglomerate’s stock valued at $986,000 after acquiring an additional 25 shares during the last quarter. Security National Bank of SO Dak increased its stake in shares of United Technologies by 0.3% during the 2nd quarter. Security National Bank of SO Dak now owns 12,960 shares of the conglomerate’s stock valued at $1,583,000 after acquiring an additional 45 shares during the last quarter. Finally, Beaumont Financial Partners LLC increased its stake in shares of United Technologies by 1.0% during the 2nd quarter. Beaumont Financial Partners LLC now owns 6,101 shares of the conglomerate’s stock valued at $745,000 after acquiring an additional 60 shares during the last quarter. 81.88% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently commented on UTX. Zacks Investment Research raised shares of United Technologies from a “sell” rating to a “hold” rating in a research note on Thursday. Stifel Nicolaus dropped their price objective on shares of United Technologies from $131.00 to $127.00 and set a “hold” rating for the company in a research note on Wednesday. Cowen reaffirmed a “hold” rating and set a $141.00 price objective on shares of United Technologies in a research note on Tuesday. UBS set a $155.00 price objective on shares of United Technologies and gave the company a “buy” rating in a research note on Thursday, March 15th. Finally, Barclays upped their price objective on shares of United Technologies from $157.00 to $159.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $138.21.

In other United Technologies news, VP Robert J. Bailey sold 2,032 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $134.95, for a total value of $274,218.40. Following the completion of the transaction, the vice president now owns 4,900 shares in the company, valued at approximately $661,255. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Elizabeth B. Amato sold 6,557 shares of the company’s stock in a transaction that occurred on Thursday, April 26th. The stock was sold at an average price of $123.86, for a total value of $812,150.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,008 shares of company stock valued at $1,142,401. 0.17% of the stock is owned by company insiders.

UTX opened at $122.46 on Friday. The company has a market cap of $97,133.08, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08. United Technologies Co. has a 1 year low of $109.10 and a 1 year high of $139.24. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.32 and a quick ratio of 0.94.

United Technologies (NYSE:UTX) last posted its earnings results on Tuesday, April 24th. The conglomerate reported $1.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.26. The firm had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $14.62 billion. United Technologies had a net margin of 7.28% and a return on equity of 17.67%. The company’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 EPS. analysts expect that United Technologies Co. will post 7.11 earnings per share for the current year.

United Technologies Company Profile

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.

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

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