Bartlett & Co. LLC reduced its position in shares of United Technologies Corp. (NYSE:UTX) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 401,202 shares of the company’s stock after selling 2,007 shares during the period. United Technologies Corp. comprises 2.0% of Bartlett & Co. LLC’s investment portfolio, making the stock its 12th largest position. Bartlett & Co. LLC’s holdings in United Technologies Corp. were worth $41,143,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in UTX. Franklin Resources Inc. increased its position in shares of United Technologies Corp. by 1.7% in the first quarter. Franklin Resources Inc. now owns 18,076,858 shares of the company’s stock worth $1,809,493,000 after buying an additional 293,635 shares in the last quarter. Burgundy Asset Management Ltd. increased its position in shares of United Technologies Corp. by 3.4% in the first quarter. Burgundy Asset Management Ltd. now owns 3,249,123 shares of the company’s stock worth $325,237,000 after buying an additional 107,919 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of United Technologies Corp. by 12.2% in the first quarter. Lazard Asset Management LLC now owns 2,989,526 shares of the company’s stock worth $299,250,000 after buying an additional 325,314 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of United Technologies Corp. by 6.7% in the first quarter. UBS Asset Management Americas Inc. now owns 2,660,011 shares of the company’s stock worth $266,269,000 after buying an additional 167,920 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of United Technologies Corp. by 13.7% in the second quarter. American Century Companies Inc. now owns 1,793,640 shares of the company’s stock worth $183,938,000 after buying an additional 215,460 shares in the last quarter. Hedge funds and other institutional investors own 80.18% of the company’s stock.

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

Shares of United Technologies Corp. (NYSE:UTX) traded up 0.16% on Wednesday, reaching $98.93. 3,816,668 shares of the company traded hands. The firm has a 50-day moving average price of $103.51 and a 200 day moving average price of $103.30. The company has a market capitalization of $82.80 billion, a PE ratio of 11.67 and a beta of 1.11. United Technologies Corp. has a one year low of $83.39 and a one year 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 (EPS) for the quarter, topping the 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 firm earned $14.90 billion during the quarter, compared to analyst estimates of $14.67 billion. During the same quarter last year, the business earned $1.81 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. Equities analysts forecast that United Technologies Corp. will post $6.58 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Friday, November 18th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 2.67%. United Technologies Corp.’s payout ratio is 31.13%.

A number of equities analysts have weighed in on the stock. Citigroup Inc. downgraded shares of United Technologies Corp. from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $99.20 to $100.58 in a research note on Monday. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $109.00 target price on shares of United Technologies Corp. in a research note on Friday, September 30th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $108.00 target price on shares of United Technologies Corp. in a research note on Tuesday, June 14th. Jefferies Group reissued a “buy” rating and set a $118.00 price target on shares of United Technologies Corp. in a research note on Wednesday, July 27th. Finally, Wells Fargo & Co. reissued an “outperform” rating on shares of United Technologies Corp. in a research note on Tuesday, September 13th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. United Technologies Corp. presently has an average rating of “Hold” and an average target price of $110.04.

In other news, VP Charles D. Gill sold 7,144 shares of United Technologies Corp. 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 completion of the sale, the vice president now 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 is accessible through this hyperlink. Also, VP Charles D. Gill sold 6,202 shares of United Technologies Corp. stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $109.00, for a total transaction of $676,018.00. Following the completion of the sale, the vice president now owns 51,778 shares of the company’s stock, valued at approximately $5,643,802. The disclosure for this sale can be found here. Company insiders own 0.15% of the company’s stock.

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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