Conning Inc. decreased its stake in shares of United Technologies Corp. (NYSE:UTX) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 289,182 shares of the company’s stock after selling 13,407 shares during the period. United Technologies Corp. accounts for about 1.2% of Conning Inc.’s holdings, making the stock its 22nd largest position. Conning Inc.’s holdings in United Technologies Corp. were worth $29,656,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. WESPAC Advisors LLC raised its position in shares of United Technologies Corp. by 16.9% in the second quarter. WESPAC Advisors LLC now owns 16,174 shares of the company’s stock valued at $1,659,000 after buying an additional 2,334 shares during the last quarter. Oakwood Capital Management LLC CA acquired a new position in shares of United Technologies Corp. during the second quarter valued at about $4,771,000. Tufton Capital Management raised its position in shares of United Technologies Corp. by 5.1% in the second quarter. Tufton Capital Management now owns 77,644 shares of the company’s stock valued at $7,962,000 after buying an additional 3,776 shares during the last quarter. Genesee Valley Trust Co. raised its position in shares of United Technologies Corp. by 2.4% in the second quarter. Genesee Valley Trust Co. now owns 10,873 shares of the company’s stock valued at $1,115,000 after buying an additional 260 shares during the last quarter. Finally, First Merchants Corp raised its position in shares of United Technologies Corp. by 17.8% in the second quarter. First Merchants Corp now owns 39,256 shares of the company’s stock valued at $4,026,000 after buying an additional 5,942 shares during the last quarter. 80.18% of the stock is currently owned by institutional investors.

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

Shares of United Technologies Corp. (NYSE:UTX) traded down 1.47% on Friday, hitting $100.58. 3,938,697 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $104.05 and its 200 day moving average price is $103.26. The stock has a market cap of $84.18 billion, a price-to-earnings ratio of 11.86 and a beta of 1.11. United Technologies Corp. has a 12-month low of $83.39 and a 12-month high of $109.83.

United Technologies Corp. (NYSE:UTX) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.14. United Technologies Corp. had a net margin of 12.79% and a return on equity of 18.14%. The business had revenue of $14.90 billion for the quarter, compared to analyst estimates of $14.67 billion. During the same period last year, the business earned $1.81 EPS. The company’s revenue was up 1.3% on a year-over-year basis. On average, equities analysts predict that United Technologies Corp. will post $6.58 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on the stock. Robert W. Baird assumed coverage on shares of United Technologies Corp. in a report on Wednesday. They set a “neutral” rating and a $110.00 price objective on the stock. Credit Suisse Group AG reissued a “hold” rating and set a $109.00 price objective on shares of United Technologies Corp. in a report on Friday, September 30th. Zacks Investment Research lowered shares of United Technologies Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of United Technologies Corp. in a report on Monday, September 26th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $107.00 price target on shares of United Technologies Corp. in a report on Friday, September 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $110.67.

In related news, VP Charles D. Gill sold 7,144 shares of the stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $108.05, for a total value of $771,909.20. Following the transaction, the vice president now directly owns 55,278 shares of the company’s stock, valued at approximately $5,972,787.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Mcdonough sold 3,100 shares of the stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $107.11, for a total transaction of $332,041.00. Following the completion of the transaction, the insider now directly owns 11,349 shares in the company, valued at $1,215,591.39. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.

United Technologies Corp. 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. Its Otis segment designs, manufactures, sells and installs a range of passenger and freight elevators, as well as a line of escalators and moving walkways.

5 Day Chart for NYSE:UTX

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