First Personal Financial Services boosted its stake in shares of United Technologies Corporation (NYSE:UTX) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,433 shares of the conglomerate’s stock after buying an additional 424 shares during the period. First Personal Financial Services’ holdings in United Technologies Corporation were worth $1,170,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its position in shares of United Technologies Corporation by 1.3% in the first quarter. Fisher Asset Management LLC now owns 8,535,397 shares of the conglomerate’s stock valued at $957,757,000 after buying an additional 106,552 shares during the last quarter. Boston Partners boosted its position in United Technologies Corporation by 3.0% in the first quarter. Boston Partners now owns 5,385,002 shares of the conglomerate’s stock worth $604,251,000 after buying an additional 158,696 shares during the last quarter. American Century Companies Inc. boosted its position in United Technologies Corporation by 15.8% in the first quarter. American Century Companies Inc. now owns 3,430,061 shares of the conglomerate’s stock worth $384,887,000 after buying an additional 468,515 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in United Technologies Corporation by 11.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,858,758 shares of the conglomerate’s stock worth $320,781,000 after buying an additional 301,484 shares during the last quarter. Finally, Swiss National Bank boosted its position in United Technologies Corporation by 25.2% in the first quarter. Swiss National Bank now owns 2,771,721 shares of the conglomerate’s stock worth $311,015,000 after buying an additional 557,300 shares during the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of United Technologies Corporation (UTX) traded up 0.03% during mid-day trading on Friday, reaching $115.33. 418,038 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $119.74 and its 200-day moving average price is $117.33. United Technologies Corporation has a one year low of $97.62 and a one year high of $124.79. The company has a market capitalization of $92.12 billion, a PE ratio of 17.57 and a beta of 1.06.

United Technologies Corporation (NYSE:UTX) last released its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.07. The firm had revenue of $15.28 billion during 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%. United Technologies Corporation’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.82 earnings per share. On average, equities analysts expect that United Technologies Corporation will post $6.58 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Friday, August 18th will be given a $0.70 dividend. 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 dividend payout ratio (DPR) is currently 42.68%.

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UTX has been the subject of a number of research analyst reports. Royal Bank Of Canada reiterated a “neutral” rating on shares of United Technologies Corporation in a report on Thursday, April 27th. Jefferies Group LLC reiterated a “buy” rating and issued a $132.00 price target (up from $126.00) on shares of United Technologies Corporation in a research report on Thursday, April 27th. Deutsche Bank AG lifted 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 report on Friday, April 28th. Morgan Stanley lifted their price target on shares of United Technologies Corporation from $120.00 to $123.00 and gave the company an “overweight” rating in a research report on Friday, April 28th. Finally, Vetr upgraded shares of United Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. United Technologies Corporation presently has a consensus rating of “Hold” and an average price target 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.

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

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