Legal & General Group Plc increased its position in shares of United Technologies Corporation (NYSE:UTX) by 3.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,682,243 shares of the conglomerate’s stock after acquiring an additional 128,123 shares during the quarter. Legal & General Group Plc owned about 0.46% of United Technologies Corporation worth $413,192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Wealth Advisors Inc. lifted its stake in shares of United Technologies Corporation by 14.9% during the first quarter. Private Wealth Advisors Inc. now owns 23,551 shares of the conglomerate’s stock valued at $2,643,000 after acquiring an additional 3,051 shares during the period. Smith Moore & CO. lifted its stake in shares of United Technologies Corporation by 11.7% during the first quarter. Smith Moore & CO. now owns 2,701 shares of the conglomerate’s stock valued at $303,000 after acquiring an additional 282 shares during the period. Lincoln National Corp lifted its stake in shares of United Technologies Corporation by 102.1% during the first quarter. Lincoln National Corp now owns 4,961 shares of the conglomerate’s stock valued at $557,000 after acquiring an additional 2,506 shares during the period. Pioneer Investment Management Inc. lifted its stake in shares of United Technologies Corporation by 2.1% during the first quarter. Pioneer Investment Management Inc. now owns 1,223,811 shares of the conglomerate’s stock valued at $137,324,000 after acquiring an additional 25,625 shares during the period. Finally, TRUE Private Wealth Advisors lifted its stake in shares of United Technologies Corporation by 34.5% during the first quarter. TRUE Private Wealth Advisors now owns 3,356 shares of the conglomerate’s stock valued at $379,000 after acquiring an additional 861 shares during the period. 78.85% of the stock is currently owned by institutional investors and hedge funds.

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Several equities analysts have weighed in on the company. Vertical Research lowered United Technologies Corporation from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research note on Tuesday. Bank of America Corporation reissued a “buy” rating and issued a $140.00 target price on shares of United Technologies Corporation in a research note on Wednesday. Deutsche Bank AG cut their target price on United Technologies Corporation from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Wednesday. Zacks Investment Research lowered United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, 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. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $124.48.

United Technologies Corporation (NYSE UTX) remained flat at $109.98 on Friday. 1,728,552 shares of the company were exchanged. The firm has a market capitalization of $87.85 billion, a P/E ratio of 16.75 and a beta of 1.05. The company has a 50-day moving average price of $117.65 and a 200-day moving average price of $117.62. United Technologies Corporation has a 1-year low of $97.62 and a 1-year high of $124.79. United Technologies Corporation also was the recipient of unusually large options trading on Tuesday. Stock investors bought 10,614 put options on the stock. This is an increase of 563% compared to the typical volume of 1,600 put options.

United Technologies Corporation (NYSE:UTX) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $15.24 billion. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.82 earnings per share. Equities research analysts anticipate that United Technologies Corporation will post $6.57 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Friday, August 18th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This is an increase from United Technologies Corporation’s previous quarterly dividend of $0.66. This represents a $2.80 annualized dividend and a dividend yield of 2.55%. United Technologies Corporation’s dividend payout ratio is 42.68%.

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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