Jackson Grant Investment Advisers Inc. boosted its position in United Technologies Corporation (NYSE:UTX) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,780 shares of the conglomerate’s stock after buying an additional 9 shares during the period. Jackson Grant Investment Advisers Inc.’s holdings in United Technologies Corporation were worth $200,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Chicago Equity Partners LLC increased its position in United Technologies Corporation by 9.9% in the first quarter. Chicago Equity Partners LLC now owns 6,785 shares of the conglomerate’s stock valued at $761,000 after buying an additional 610 shares during the period. Alpha Cubed Investments LLC increased its position in United Technologies Corporation by 21.4% in the first quarter. Alpha Cubed Investments LLC now owns 101,345 shares of the conglomerate’s stock valued at $11,372,000 after buying an additional 17,888 shares during the period. Pillar Pacific Capital Management LLC increased its position in United Technologies Corporation by 0.4% in the first quarter. Pillar Pacific Capital Management LLC now owns 47,396 shares of the conglomerate’s stock valued at $5,318,000 after buying an additional 203 shares during the period. Nwam LLC increased its position in United Technologies Corporation by 36.4% in the first quarter. Nwam LLC now owns 2,984 shares of the conglomerate’s stock valued at $335,000 after buying an additional 796 shares during the period. Finally, Eqis Capital Management Inc. increased its position in United Technologies Corporation by 10.1% in the first quarter. Eqis Capital Management Inc. now owns 17,442 shares of the conglomerate’s stock valued at $1,957,000 after buying an additional 1,600 shares during the period. Institutional investors and hedge funds own 78.81% of the company’s stock.

Shares of United Technologies Corporation (NYSE:UTX) traded down 0.28% on Tuesday, reaching $118.19. 2,766,894 shares of the company’s stock traded hands. United Technologies Corporation has a 52 week low of $97.62 and a 52 week high of $124.79. The firm’s 50 day moving average is $121.76 and its 200 day moving average is $116.66. The firm has a market capitalization of $94.41 billion, a P/E ratio of 18.00 and a beta of 1.06.

United Technologies Corporation (NYSE:UTX) last released its earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.07. The company had revenue of $15.28 billion during the quarter, compared to the consensus estimate of $15.24 billion. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. United Technologies Corporation’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 EPS. Analysts expect that United Technologies Corporation will post $6.59 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Friday, August 18th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 16th. This is an increase from United Technologies Corporation’s previous quarterly dividend of $0.66. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.37%. United Technologies Corporation’s payout ratio is currently 40.24%.

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A number of equities research analysts recently issued reports on the stock. BidaskClub raised shares of United Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Jefferies Group LLC reaffirmed a “buy” rating and set a $132.00 price target (up previously from $126.00) on shares of United Technologies Corporation in a research note on Thursday, April 27th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $125.00 price target on shares of United Technologies Corporation in a research note on Friday, June 2nd. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $135.00 price target (up previously from $130.00) on shares of United Technologies Corporation in a research note on Friday, July 21st. Finally, Deutsche Bank AG upped their price target on shares of United Technologies Corporation from $115.00 to $120.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $123.54.

About United Technologies Corporation

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. Otis operates as an elevator and escalator manufacturing, installation and service company.

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

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