Fiduciary Trust Co. reduced its stake in United Technologies Corporation (NYSE:UTX) by 2.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 289,186 shares of the conglomerate’s stock after selling 8,760 shares during the period. United Technologies Corporation makes up 1.0% of Fiduciary Trust Co.’s portfolio, making the stock its 22nd largest holding. Fiduciary Trust Co.’s holdings in United Technologies Corporation were worth $32,450,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Riggs Asset Managment Co. Inc. increased its holdings in shares of United Technologies Corporation by 14.3% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock worth $112,000 after buying an additional 125 shares during the last quarter. Alexandria Capital LLC grew its holdings in United Technologies Corporation by 0.4% during the 1st quarter. Alexandria Capital LLC now owns 1,075 shares of the conglomerate’s stock valued at $121,000 after purchasing an additional 4 shares during the last quarter. Thompson Davis & CO. Inc. grew its holdings in United Technologies Corporation by 22.9% during the 1st quarter. Thompson Davis & CO. Inc. now owns 1,338 shares of the conglomerate’s stock valued at $150,000 after purchasing an additional 249 shares during the last quarter. MCF Advisors LLC grew its holdings in United Technologies Corporation by 22.4% during the 1st quarter. MCF Advisors LLC now owns 1,550 shares of the conglomerate’s stock valued at $174,000 after purchasing an additional 284 shares during the last quarter. Finally, Advantage Investment Management LLC grew its holdings in United Technologies Corporation by 12.8% during the 1st quarter. Advantage Investment Management LLC now owns 1,731 shares of the conglomerate’s stock valued at $194,000 after purchasing an additional 196 shares during the last quarter. Institutional investors own 78.85% of the company’s stock.

UTX has been the topic of several analyst reports. Zacks Investment Research upgraded shares of United Technologies Corporation from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Tuesday, May 16th. UBS AG upped their price target on shares of United Technologies Corporation to $135.00 and gave the company a “buy” rating in a report on Monday, July 10th. Jefferies Group LLC reiterated a “buy” rating on shares of United Technologies Corporation in a report on Thursday, July 27th. Cowen and Company reiterated a “buy” rating and set a $127.00 price target on shares of United Technologies Corporation in a report on Tuesday, September 5th. Finally, Credit Suisse Group reiterated a “neutral” rating on shares of United Technologies Corporation in a report on Friday, September 1st. Sixteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $124.48.

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Shares of United Technologies Corporation (NYSE:UTX) traded up 0.7142% on Monday, reaching $110.3324. 1,663,795 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $117.10 and a 200 day moving average of $117.64. The firm has a market capitalization of $88.13 billion, a P/E ratio of 16.8062 and a beta of 1.05. 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 posted its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.07. United Technologies Corporation had a net margin of 9.15% and a return on equity of 18.07%. The business had revenue of $15.28 billion for the quarter, compared to analysts’ expectations of $15.24 billion. During the same period in the prior year, the company posted $1.82 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities research analysts predict that United Technologies Corporation will post $6.57 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Sunday, September 10th. Stockholders of record on Friday, August 18th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This is a boost from United Technologies Corporation’s previous quarterly dividend of $0.66. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.56%. United Technologies Corporation’s dividend payout ratio is 42.68%.

United Technologies Corporation 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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