Lederer & Associates Investment Counsel CA grew its holdings in United Technologies Corporation (NYSE:UTX) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,225 shares of the conglomerate’s stock after acquiring an additional 440 shares during the quarter. United Technologies Corporation accounts for approximately 1.9% of Lederer & Associates Investment Counsel CA’s holdings, making the stock its 17th largest holding. Lederer & Associates Investment Counsel CA’s holdings in United Technologies Corporation were worth $1,981,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of UTX. Riggs Asset Managment Co. Inc. lifted its holdings in shares of United Technologies Corporation by 14.3% during the first quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock worth $112,000 after purchasing an additional 125 shares during the period. Alexandria Capital LLC lifted its holdings in shares of United Technologies Corporation by 0.4% during the first quarter. Alexandria Capital LLC now owns 1,075 shares of the conglomerate’s stock worth $121,000 after purchasing an additional 4 shares during the period. Paragon Capital Management Ltd acquired a new stake in shares of United Technologies Corporation during the first quarter worth about $139,000. Exane Derivatives acquired a new stake in shares of United Technologies Corporation during the second quarter worth about $141,000. Finally, Thompson Davis & CO. Inc. lifted its holdings in shares of United Technologies Corporation by 22.9% during the first quarter. Thompson Davis & CO. Inc. now owns 1,338 shares of the conglomerate’s stock worth $150,000 after purchasing an additional 249 shares during the period. 78.85% of the stock is owned by institutional investors and hedge funds.

Shares of United Technologies Corporation (NYSE UTX) opened at 113.08 on Monday. United Technologies Corporation has a 52-week low of $97.62 and a 52-week high of $124.79. The stock has a 50 day moving average price of $115.87 and a 200-day moving average price of $117.52. The stock has a market capitalization of $90.33 billion, a PE ratio of 17.22 and a beta of 1.05.

United Technologies Corporation (NYSE:UTX) last posted its quarterly 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. 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%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $1.82 EPS. On average, equities research analysts anticipate that United Technologies Corporation will post $6.57 EPS for the current fiscal year.

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A number of equities research analysts recently commented on the company. BidaskClub raised United Technologies Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Royal Bank Of Canada reissued a “hold” rating and issued a $125.00 price target on shares of United Technologies Corporation in a report on Friday, June 2nd. Sanford C. Bernstein reissued a “market perform” rating and issued a $135.00 price target (up from $130.00) on shares of United Technologies Corporation in a report on Friday, July 21st. Zacks Investment Research raised United Technologies Corporation from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a report on Monday, June 5th. Finally, Vertical Research downgraded United Technologies Corporation from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a report on Tuesday, September 5th. Sixteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. United Technologies Corporation currently has a consensus rating of “Hold” and a consensus price target of $124.48.

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.

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Institutional Ownership by Quarter for United Technologies Corporation (NYSE:UTX)

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