Candriam Luxembourg S.C.A. increased its position in shares of United Technologies Corp. (NYSE:UTX) by 214.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,099 shares of the company’s stock after buying an additional 114,695 shares during the period. Candriam Luxembourg S.C.A.’s holdings in United Technologies Corp. were worth $17,239,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in UTX. Orrstown Financial Services Inc. raised its stake in shares of United Technologies Corp. by 35.6% in the second quarter. Orrstown Financial Services Inc. now owns 1,085 shares of the company’s stock worth $111,000 after buying an additional 285 shares during the last quarter. CWM LLC raised its stake in shares of United Technologies Corp. by 5.0% in the second quarter. CWM LLC now owns 1,124 shares of the company’s stock worth $115,000 after buying an additional 54 shares during the last quarter. Parasol Investment Management LLC raised its stake in shares of United Technologies Corp. by 51.0% in the second quarter. Parasol Investment Management LLC now owns 1,185 shares of the company’s stock worth $122,000 after buying an additional 400 shares during the last quarter. FCM Investments TX raised its stake in shares of United Technologies Corp. by 8.3% in the second quarter. FCM Investments TX now owns 1,300 shares of the company’s stock worth $133,000 after buying an additional 100 shares during the last quarter. Finally, Vigilant Capital Management LLC raised its stake in shares of United Technologies Corp. by 22.7% in the second quarter. Vigilant Capital Management LLC now owns 1,369 shares of the company’s stock worth $140,000 after buying an additional 253 shares during the last quarter. 80.18% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of United Technologies Corp. (NYSE:UTX) traded down 1.21% during mid-day trading on Tuesday, reaching $98.77. 4,314,721 shares of the company traded hands. The firm has a market capitalization of $82.66 billion, a price-to-earnings ratio of 11.65 and a beta of 1.11. The firm has a 50-day moving average price of $103.79 and a 200 day moving average price of $103.33. United Technologies Corp. has a 52 week low of $83.39 and a 52 week high of $109.83.

United Technologies Corp. (NYSE:UTX) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $14.67 billion. During the same period last year, the business earned $1.81 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. On average, analysts anticipate that United Technologies Corp. will post $6.58 earnings per share for the current year.

A number of equities research analysts have recently weighed in on the stock. Credit Suisse Group AG reaffirmed a “hold” rating on shares of United Technologies Corp. in a research note on Saturday, July 9th. Royal Bank Of Canada reissued a “sector perform” rating and set a $108.00 price target on shares of United Technologies Corp. in a research report on Tuesday, June 14th. Zacks Investment Research cut shares of United Technologies Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Deutsche Bank AG reissued a “hold” rating and set a $107.00 price target on shares of United Technologies Corp. in a research report on Friday, September 23rd. Finally, Wells Fargo & Co. reissued an “outperform” rating on shares of United Technologies Corp. in a research report on Tuesday, September 13th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $110.04.

In other news, VP Charles D. Gill sold 7,144 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $108.05, for a total value of $771,909.20. Following the sale, the vice president now directly owns 55,278 shares in the company, valued at approximately $5,972,787.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert J. Mcdonough sold 3,100 shares of the firm’s stock in a transaction dated 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 sale, the insider now 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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