Calamos Advisors LLC cut its position in United Technologies Corp. (NYSE:UTX) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 460,287 shares of the company’s stock after selling 1,861 shares during the period. Calamos Advisors LLC owned about 0.06% of United Technologies Corp. worth $47,202,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Orrstown Financial Services Inc. increased its position in 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 increased its position in 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 increased its position in 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 increased its position in 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 increased its position in 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. 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% during mid-day trading on Wednesday, hitting $98.93. 3,816,668 shares of the stock were exchanged. The stock has a market cap of $82.80 billion, a price-to-earnings ratio of 11.67 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. The company has a 50-day moving average price of $103.51 and a 200-day moving average price of $103.30.

United Technologies Corp. (NYSE:UTX) last released its earnings results on Tuesday, July 26th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.14. The company earned $14.90 billion during the quarter, compared to the consensus estimate of $14.67 billion. United Technologies Corp. had a return on equity of 18.14% and a net margin of 12.79%. United Technologies Corp.’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.81 EPS. Equities analysts expect that United Technologies Corp. will post $6.58 earnings per share for the current year.

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

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

In related news, insider Robert J. Mcdonough sold 3,100 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Charles D. Gill sold 6,202 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $109.00, for a total value of $676,018.00. Following 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. 0.15% of the stock is owned by insiders.

About United Technologies Corp.

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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