Asset Planning Services Inc. LA ADV boosted its stake in shares of United Technologies Corporation (NYSE:UTX) by 0.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,071 shares of the conglomerate’s stock after buying an additional 90 shares during the period. United Technologies Corporation makes up approximately 3.2% of Asset Planning Services Inc. LA ADV’s portfolio, making the stock its 21st largest position. Asset Planning Services Inc. LA ADV’s holdings in United Technologies Corporation were worth $3,711,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Private Wealth Advisors Inc. increased its stake in shares of United Technologies Corporation by 14.9% in the first quarter. Private Wealth Advisors Inc. now owns 23,551 shares of the conglomerate’s stock valued at $2,643,000 after buying an additional 3,051 shares in the last quarter. Lincoln National Corp increased its stake in shares of United Technologies Corporation by 102.1% in the first quarter. Lincoln National Corp now owns 4,961 shares of the conglomerate’s stock valued at $557,000 after buying an additional 2,506 shares in the last quarter. American National Bank increased its stake in shares of United Technologies Corporation by 154.5% in the first quarter. American National Bank now owns 1,845 shares of the conglomerate’s stock valued at $207,000 after buying an additional 1,120 shares in the last quarter. TNB Financial purchased a new stake in shares of United Technologies Corporation during the first quarter valued at $957,000. Finally, TRUE Private Wealth Advisors increased its stake in shares of United Technologies Corporation by 34.5% in the first quarter. TRUE Private Wealth Advisors now owns 3,356 shares of the conglomerate’s stock valued at $379,000 after buying an additional 861 shares in the last quarter. 78.85% of the stock is currently owned by institutional investors and hedge funds.

United Technologies Corporation (NYSE UTX) traded up 0.0695% on Tuesday, reaching $115.4101. 396,453 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $119.55 and a 200-day moving average of $117.36. The stock has a market cap of $92.19 billion, a price-to-earnings ratio of 17.5796 and a beta of 1.06. United Technologies Corporation has a one year low of $97.62 and a one year high of $124.79.

United Technologies Corporation (NYSE:UTX) last released its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, topping the consensus estimate of $1.78 by $0.07. The firm had revenue of $15.28 billion for the quarter, compared to analyst estimates 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 for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 EPS. Equities research analysts forecast that United Technologies Corporation will post $6.58 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Friday, August 18th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This is a positive change from United Technologies Corporation’s previous quarterly dividend of $0.66. This represents a $2.80 annualized dividend and a yield of 2.43%. United Technologies Corporation’s payout ratio is 42.68%.

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Several equities research analysts have recently weighed in on UTX shares. Credit Suisse Group reissued a “buy” rating and issued a $136.00 target price on shares of United Technologies Corporation in a research note on Wednesday, July 26th. BidaskClub raised shares of United Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Morgan Stanley reaffirmed an “overweight” rating and issued a $138.00 price target (up previously from $132.00) on shares of United Technologies Corporation in a research note on Monday, July 10th. Zacks Investment Research raised shares of United Technologies Corporation from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research note on Tuesday, May 30th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of United Technologies Corporation in a research note on Wednesday, May 31st. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. United Technologies Corporation currently has a consensus rating of “Hold” and a consensus 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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