Broderick Brian C raised its stake in United Technologies Corporation (NYSE:UTX) by 7.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 43,323 shares of the conglomerate’s stock after buying an additional 3,190 shares during the period. United Technologies Corporation comprises approximately 2.0% of Broderick Brian C’s investment portfolio, making the stock its 20th largest position. Broderick Brian C’s holdings in United Technologies Corporation were worth $5,289,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in UTX. Farmers & Merchants Investments Inc. boosted its position in United Technologies Corporation by 2.2% in the second quarter. Farmers & Merchants Investments Inc. now owns 22,538 shares of the conglomerate’s stock worth $2,752,000 after buying an additional 475 shares during the period. Page Arthur B boosted its position in United Technologies Corporation by 6.9% in the second quarter. Page Arthur B now owns 6,514 shares of the conglomerate’s stock worth $795,000 after buying an additional 420 shares during the period. Ipswich Investment Management Co. Inc. boosted its position in United Technologies Corporation by 15.6% in the second quarter. Ipswich Investment Management Co. Inc. now owns 4,565 shares of the conglomerate’s stock worth $557,000 after buying an additional 615 shares during the period. Vicus Capital boosted its position in United Technologies Corporation by 0.4% in the second quarter. Vicus Capital now owns 4,241 shares of the conglomerate’s stock worth $518,000 after buying an additional 16 shares during the period. Finally, Schmidt P J Investment Management Inc. boosted its position in United Technologies Corporation by 11.2% in the second quarter. Schmidt P J Investment Management Inc. now owns 8,706 shares of the conglomerate’s stock worth $1,063,000 after buying an additional 880 shares during the period. Institutional investors own 78.69% of the company’s stock.

United Technologies Corporation (NYSE:UTX) traded up 0.585% during mid-day trading on Friday, reaching $115.975. 819,813 shares of the company were exchanged. The stock’s 50-day moving average price is $119.74 and its 200-day moving average price is $117.33. The stock has a market capitalization of $92.64 billion, a price-to-earnings ratio of 17.666 and a beta of 1.06. United Technologies Corporation has a 1-year low of $97.62 and a 1-year high of $124.79.

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

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Friday, August 18th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.43%. This is a boost from United Technologies Corporation’s previous quarterly dividend of $0.66. United Technologies Corporation’s payout ratio is presently 42.68%.

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A number of research firms have weighed in on UTX. Royal Bank Of Canada reiterated a “hold” rating and set a $125.00 price objective on shares of United Technologies Corporation in a research report on Sunday, August 13th. BidaskClub cut shares of United Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of United Technologies Corporation from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research report on Tuesday, May 16th. Stifel Nicolaus reiterated a “hold” rating and set a $126.00 price objective on shares of United Technologies Corporation in a research report on Friday, July 7th. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of United Technologies Corporation in a research report on Wednesday, May 31st. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company 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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