Northstar Investment Advisors LLC increased its position in United Technologies Corp. (NYSE:UTX) by 8.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,377 shares of the company’s stock after buying an additional 6,621 shares during the period. United Technologies Corp. comprises 2.0% of Northstar Investment Advisors LLC’s portfolio, making the stock its 18th largest position. Northstar Investment Advisors LLC’s holdings in United Technologies Corp. were worth $8,523,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of UTX. Sawgrass Asset Management LLC raised its stake in United Technologies Corp. by 2.7% in the third quarter. Sawgrass Asset Management LLC now owns 15,280 shares of the company’s stock valued at $1,552,000 after buying an additional 400 shares during the last quarter. Enterprise Financial Services Corp raised its stake in United Technologies Corp. by 0.7% in the third quarter. Enterprise Financial Services Corp now owns 9,945 shares of the company’s stock valued at $1,010,000 after buying an additional 66 shares during the last quarter. Flossbach Von Storch AG raised its stake in United Technologies Corp. by 12.3% in the third quarter. Flossbach Von Storch AG now owns 1,949,200 shares of the company’s stock valued at $198,039,000 after buying an additional 213,200 shares during the last quarter. World Asset Management Inc raised its stake in United Technologies Corp. by 1.9% in the third quarter. World Asset Management Inc now owns 80,915 shares of the company’s stock valued at $8,221,000 after buying an additional 1,481 shares during the last quarter. Finally, First Citizens Bank & Trust Co. raised its stake in United Technologies Corp. by 31.9% in the third quarter. First Citizens Bank & Trust Co. now owns 10,089 shares of the company’s stock valued at $1,025,000 after buying an additional 2,442 shares during the last quarter. Institutional investors and hedge funds own 78.39% of the company’s stock.

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

Shares of United Technologies Corp. (NYSE:UTX) traded up 0.72% during trading on Tuesday, hitting $109.23. The stock had a trading volume of 1,705,674 shares. United Technologies Corp. has a 1-year low of $83.39 and a 1-year high of $109.83. The company has a market capitalization of $89.94 billion, a price-to-earnings ratio of 12.48 and a beta of 1.10. The firm has a 50 day moving average of $103.15 and a 200 day moving average of $103.51.

United Technologies Corp. (NYSE:UTX) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.09. The business had revenue of $14.40 billion for the quarter, compared to analysts’ expectations of $12.28 billion. United Technologies Corp. had a return on equity of 18.28% and a net margin of 12.87%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.67 earnings per share. Analysts expect that United Technologies Corp. will post $6.60 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Friday, November 18th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Wednesday, November 16th. United Technologies Corp.’s dividend payout ratio is 30.28%.

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Several analysts have weighed in on UTX shares. Citigroup Inc. lowered shares of United Technologies Corp. from a “buy” rating to a “neutral” rating and boosted their target price for the company from $99.20 to $100.58 in a research note on Monday, October 10th. Robert W. Baird assumed coverage on shares of United Technologies Corp. in a report on Wednesday, October 5th. They set a “neutral” rating and a $110.00 price target for the company. Stifel Nicolaus reissued a “hold” rating on shares of United Technologies Corp. in a report on Wednesday, October 26th. Vetr downgraded shares of United Technologies Corp. from a “buy” rating to a “hold” rating and set a $106.05 price target for the company. in a report on Tuesday, November 1st. Finally, Zacks Investment Research downgraded shares of United Technologies Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $109.80.

In related news, VP Robert J. Bailey sold 967 shares of the firm’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $106.46, for a total value of $102,946.82. Following the transaction, the vice president now owns 2,000 shares in the company, valued at $212,920. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.15% of the stock is owned by corporate 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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