Lipe & Dalton lowered its stake in shares of United Technologies Corporation (NYSE:UTX) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,924 shares of the conglomerate’s stock after selling 365 shares during the period. United Technologies Corporation comprises 3.5% of Lipe & Dalton’s holdings, making the stock its 7th largest position. Lipe & Dalton’s holdings in United Technologies Corporation were worth $4,817,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Private Wealth Advisors Inc. increased its position 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 during the period. Lincoln National Corp increased its position 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 during the period. American National Bank increased its position 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 during the period. TNB Financial purchased a new position in shares of United Technologies Corporation during the first quarter valued at about $957,000. Finally, TRUE Private Wealth Advisors increased its position 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 during the period. 78.85% of the stock is owned by institutional investors.

United Technologies Corporation (NYSE UTX) traded down 0.20% during mid-day trading on Wednesday, reaching $118.46. The company’s stock had a trading volume of 1,599,328 shares. United Technologies Corporation has a 12 month low of $97.62 and a 12 month high of $124.79. The company has a market cap of $94.62 billion, a price-to-earnings ratio of 18.04 and a beta of 1.06. The stock’s 50 day moving average is $119.55 and its 200 day moving average is $117.36. United Technologies Corporation also saw some unusual options trading on Tuesday. Investors bought 9,806 call options on the stock. This represents an increase of approximately 461% compared to the typical daily volume of 1,748 call options.

United Technologies Corporation (NYSE:UTX) last announced its earnings results on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, beating the 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 company had revenue of $15.28 billion for the quarter, compared to analyst estimates of $15.24 billion. During the same quarter in the prior year, the company earned $1.82 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities research analysts predict that United Technologies Corporation will post $6.58 EPS for the current year.

The firm also recently announced 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. This is a positive change 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 dividend yield of 2.36%. United Technologies Corporation’s dividend payout ratio is presently 42.68%.

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Several research firms recently weighed in on UTX. Credit Suisse Group reaffirmed a “buy” rating and issued a $136.00 price objective on shares of United Technologies Corporation in a report on Wednesday, July 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $139.00 price objective on shares of United Technologies Corporation in a report on Tuesday. BidaskClub raised shares of United Technologies Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Morgan Stanley reaffirmed an “overweight” rating and issued a $138.00 price objective (up previously from $132.00) on shares of United Technologies Corporation in a report on Monday, July 10th. Finally, Zacks Investment Research raised shares of United Technologies Corporation from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a report on Tuesday, May 30th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $123.95.

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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