Staton Financial Advisors LLC increased its position in United Technologies Corporation (NYSE:UTX) by 3.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,993 shares of the conglomerate’s stock after buying an additional 1,292 shares during the period. United Technologies Corporation makes up 3.7% of Staton Financial Advisors LLC’s investment portfolio, making the stock its 8th largest position. Staton Financial Advisors LLC’s holdings in United Technologies Corporation were worth $4,263,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of UTX. Riggs Asset Managment Co. Inc. boosted its stake in shares of United Technologies Corporation by 14.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock worth $112,000 after buying an additional 125 shares during the period. Alexandria Capital LLC boosted its stake in shares of United Technologies Corporation by 0.4% in the first quarter. Alexandria Capital LLC now owns 1,075 shares of the conglomerate’s stock worth $121,000 after buying an additional 4 shares during the period. Paragon Capital Management Ltd bought a new stake in shares of United Technologies Corporation during the first quarter worth $139,000. Thompson Davis & CO. Inc. boosted its stake in shares of United Technologies Corporation by 22.9% in the first quarter. Thompson Davis & CO. Inc. now owns 1,338 shares of the conglomerate’s stock worth $150,000 after buying an additional 249 shares during the period. Finally, Proficio Capital Partners LLC boosted its stake in shares of United Technologies Corporation by 42.3% in the first quarter. Proficio Capital Partners LLC now owns 1,298 shares of the conglomerate’s stock worth $158,000 after buying an additional 386 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Shares of United Technologies Corporation (NYSE UTX) traded down 0.53% on Friday, hitting $115.48. The stock had a trading volume of 2,760,448 shares. The company has a market cap of $92.24 billion, a price-to-earnings ratio of 17.59 and a beta of 1.06. United Technologies Corporation has a 12-month low of $97.62 and a 12-month high of $124.79. The stock has a 50 day moving average price of $120.41 and a 200-day moving average price of $117.13.

United Technologies Corporation (NYSE:UTX) last issued its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.07. The firm had revenue of $15.28 billion for the quarter, compared to analysts’ expectations of $15.24 billion. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.82 EPS. On average, equities analysts expect that United Technologies Corporation will post $6.58 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Friday, August 18th will be given a dividend of $0.70 per share. This is a boost from United Technologies Corporation’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 annualized dividend and a yield of 2.42%. United Technologies Corporation’s payout ratio is presently 42.68%.

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UTX has been the subject of a number of analyst reports. Jefferies Group LLC restated a “buy” rating and set a $132.00 price objective (up from $126.00) on shares of United Technologies Corporation in a research note on Thursday, April 27th. Zacks Investment Research upgraded United Technologies Corporation from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research note on Tuesday, May 16th. BidaskClub upgraded United Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. UBS AG upped their price objective on United Technologies Corporation to $135.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Finally, Cowen and Company restated a “buy” rating and set a $127.00 price objective on shares of United Technologies Corporation in a research note on Tuesday, July 25th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $123.54.

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

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

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