Security National Bank of SO Dak cut its stake in shares of United Technologies Corporation (NYSE:UTX) by 0.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,915 shares of the conglomerate’s stock after selling 15 shares during the period. United Technologies Corporation comprises about 1.7% of Security National Bank of SO Dak’s investment portfolio, making the stock its 16th biggest position. Security National Bank of SO Dak’s holdings in United Technologies Corporation were worth $1,449,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alexandria Capital LLC lifted its position in shares of United Technologies Corporation by 0.4% in the first quarter. Alexandria Capital LLC now owns 1,075 shares of the conglomerate’s stock valued at $121,000 after acquiring an additional 4 shares in the last quarter. TCI Wealth Advisors Inc. increased its holdings in shares of United Technologies Corporation by 0.3% in the first quarter. TCI Wealth Advisors Inc. now owns 2,501 shares of the conglomerate’s stock worth $281,000 after purchasing an additional 7 shares during the last quarter. Jackson Grant Investment Advisers Inc. increased its holdings in shares of United Technologies Corporation by 0.5% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,780 shares of the conglomerate’s stock worth $200,000 after purchasing an additional 9 shares during the last quarter. Hudock Capital Group LLC increased its holdings in shares of United Technologies Corporation by 0.5% in the first quarter. Hudock Capital Group LLC now owns 3,690 shares of the conglomerate’s stock worth $414,000 after purchasing an additional 17 shares during the last quarter. Finally, FCG Advisors LLC increased its holdings in shares of United Technologies Corporation by 1.1% in the first quarter. FCG Advisors LLC now owns 2,296 shares of the conglomerate’s stock worth $258,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 78.85% of the company’s stock.

UTX has been the topic of several research reports. Zacks Investment Research raised United Technologies Corporation from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a report on Tuesday, May 16th. Jefferies Group LLC reaffirmed a “buy” rating on shares of United Technologies Corporation in a report on Wednesday, May 31st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $125.00 target price on shares of United Technologies Corporation in a report on Friday, June 2nd. Finally, HSBC Holdings plc initiated coverage on United Technologies Corporation in a report on Monday, June 12th. They issued a “hold” rating and a $125.00 target price on the stock. Sixteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. United Technologies Corporation presently has a consensus rating of “Hold” and a consensus price target of $124.48.

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Shares of United Technologies Corporation (NYSE UTX) traded up 0.33% during mid-day trading on Tuesday, hitting $110.00. The stock had a trading volume of 1,897,924 shares. United Technologies Corporation has a 12 month low of $97.62 and a 12 month high of $124.79. The firm has a market cap of $87.86 billion, a PE ratio of 16.76 and a beta of 1.05. The stock’s 50-day moving average is $117.10 and its 200 day moving average is $117.68.

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 business had revenue of $15.28 billion during the quarter, compared to analysts’ expectations of $15.24 billion. United Technologies Corporation had a net margin of 9.15% and a return on equity of 18.07%. The company’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 earned $1.82 EPS. Equities research analysts predict that United Technologies Corporation will post $6.57 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 10th. Stockholders of record on Friday, August 18th were given a dividend of $0.70 per share. This is a boost 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%. The ex-dividend date of this dividend was Wednesday, August 16th. United Technologies Corporation’s 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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