Paragon Capital Management Ltd reduced its stake in shares of United Technologies Corporation (NYSE:UTX) by 94.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,870 shares of the conglomerate’s stock after selling 30,880 shares during the quarter. Paragon Capital Management Ltd’s holdings in United Technologies Corporation were worth $228,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Alexandria Capital LLC raised its holdings in shares of 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 buying an additional 4 shares during the period. TCI Wealth Advisors Inc. raised its holdings in shares of United Technologies Corporation by 0.3% during the 1st quarter. TCI Wealth Advisors Inc. now owns 2,501 shares of the conglomerate’s stock valued at $281,000 after buying an additional 7 shares during the period. Jackson Grant Investment Advisers Inc. raised its holdings in shares of United Technologies Corporation by 0.5% during the 1st quarter. Jackson Grant Investment Advisers Inc. now owns 1,780 shares of the conglomerate’s stock valued at $200,000 after buying an additional 9 shares during the period. Kissinger Financial Services LLC raised its holdings in shares of United Technologies Corporation by 0.5% during the 2nd quarter. Kissinger Financial Services LLC now owns 2,095 shares of the conglomerate’s stock valued at $256,000 after buying an additional 11 shares during the period. Finally, Baystate Wealth Management LLC raised its holdings in shares of United Technologies Corporation by 0.5% during the 2nd quarter. Baystate Wealth Management LLC now owns 2,262 shares of the conglomerate’s stock valued at $279,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds own 78.85% of the company’s stock.

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UTX has been the topic of several analyst reports. Cowen and Company downgraded United Technologies Corporation from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $127.00 to $120.00 in a report on Wednesday, September 6th. Bank of America Corporation restated a “buy” rating and set a $140.00 price objective on shares of United Technologies Corporation in a report on Wednesday, September 6th. Jefferies Group LLC restated a “buy” rating and set a $139.00 price objective on shares of United Technologies Corporation in a report on Tuesday, August 29th. Credit Suisse Group restated a “buy” rating and set a $136.00 price objective on shares of United Technologies Corporation in a report on Wednesday, July 26th. Finally, BidaskClub upgraded United Technologies Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Sixteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $124.48.

Shares of United Technologies Corporation (NYSE UTX) traded up 0.14% on Wednesday, reaching $110.01. The company’s stock had a trading volume of 2,109,589 shares. The stock has a 50-day moving average of $116.50 and a 200 day moving average of $117.60. The stock has a market capitalization of $87.87 billion, a price-to-earnings ratio of 16.76 and a beta of 1.05. United Technologies Corporation has a 52 week low of $97.62 and a 52 week high of $124.79.

United Technologies Corporation (NYSE:UTX) last issued its earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the Zacks’ 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 return on equity of 18.07% and a net margin of 9.15%. United Technologies Corporation’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.82 EPS. On average, analysts expect that United Technologies Corporation will post $6.57 EPS for the current year.

About United Technologies Corporation

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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