Huntington National Bank reduced its position in shares of United Technologies Corp. (NYSE:UTX) by 27.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 170,977 shares of the company’s stock after selling 64,699 shares during the period. Huntington National Bank’s holdings in United Technologies Corp. were worth $17,534,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of UTX. 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 period. 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 period. 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 period. 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 period. 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 period. 80.20% 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 0.45% during trading on Monday, reaching $99.71. 2,452,355 shares of the company’s stock were exchanged. United Technologies Corp. has a 52 week low of $83.39 and a 52 week high of $109.83. The firm has a market capitalization of $83.45 billion, a PE ratio of 11.76 and a beta of 1.11. The company’s 50-day moving average price is $102.58 and its 200 day moving average price is $103.30.

United Technologies Corp. (NYSE:UTX) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.68 by $0.14. The business earned $14.90 billion during the quarter, compared to analyst estimates of $14.67 billion. United Technologies Corp. had a net margin of 12.79% and a return on equity of 18.14%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.81 earnings per share. Analysts predict 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. Stockholders of record on Friday, November 18th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.64 annualized dividend and a dividend yield of 2.65%. United Technologies Corp.’s dividend payout ratio is currently 31.13%.

A number of research analysts recently commented on UTX shares. Jefferies Group reaffirmed a “buy” rating and issued a $118.00 target price on shares of United Technologies Corp. in a research report on Wednesday, July 27th. Bank of America Corp. reaffirmed a “buy” rating and issued a $130.00 target price (up from $115.00) on shares of United Technologies Corp. in a research report on Wednesday, July 27th. Barclays PLC raised their price objective on shares of United Technologies Corp. from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 27th. Zacks Investment Research raised shares of United Technologies Corp. from a “sell” rating to a “hold” rating in a research report on Friday, July 22nd. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of United Technologies Corp. in a research report on Saturday, July 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $110.04.

In other news, insider Robert J. Mcdonough sold 3,100 shares of the company’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 transaction, the insider now owns 11,349 shares in the company, valued at $1,215,591.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Charles D. Gill sold 6,202 shares of the company’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $109.00, for a total transaction of $676,018.00. Following the transaction, 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. 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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