Bellecapital International Ltd. held its stake in United Technologies Corporation (NYSE:UTX) during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,072 shares of the conglomerate’s stock at the end of the second quarter. Bellecapital International Ltd.’s holdings in United Technologies Corporation were worth $741,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. PGGM Investments boosted its position in shares of United Technologies Corporation by 52.4% during the 2nd quarter. PGGM Investments now owns 749,206 shares of the conglomerate’s stock worth $91,486,000 after acquiring an additional 257,582 shares in the last quarter. Huntington National Bank boosted its position in shares of United Technologies Corporation by 3.7% during the 2nd quarter. Huntington National Bank now owns 284,531 shares of the conglomerate’s stock worth $34,744,000 after acquiring an additional 10,025 shares in the last quarter. Private Wealth Advisors Inc. boosted its position in shares of United Technologies Corporation by 14.9% during the 1st quarter. Private Wealth Advisors Inc. now owns 23,551 shares of the conglomerate’s stock worth $2,643,000 after acquiring an additional 3,051 shares in the last quarter. Pioneer Investment Management Inc. boosted its position in shares of United Technologies Corporation by 2.1% during the 1st quarter. Pioneer Investment Management Inc. now owns 1,223,811 shares of the conglomerate’s stock worth $137,324,000 after acquiring an additional 25,625 shares in the last quarter. Finally, Smith Moore & CO. boosted its position in shares of United Technologies Corporation by 11.7% during the 1st quarter. Smith Moore & CO. now owns 2,701 shares of the conglomerate’s stock worth $303,000 after acquiring an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 78.79% of the company’s stock.

United Technologies Corporation (NYSE:UTX) opened at 112.77 on Tuesday. The stock’s 50 day moving average is $115.70 and its 200 day moving average is $117.58. The company has a market cap of $90.08 billion, a P/E ratio of 17.18 and a beta of 1.05. United Technologies Corporation has a 1-year low of $97.62 and a 1-year high of $124.79.

United Technologies Corporation (NYSE:UTX) last posted its earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $15.28 billion during the quarter, compared to analysts’ expectations of $15.24 billion. During the same quarter in the previous year, the company posted $1.82 earnings per share. United Technologies Corporation’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities analysts anticipate that United Technologies Corporation will post $6.57 earnings per share for the current fiscal year.

Several analysts recently issued reports on the stock. BidaskClub lowered shares of United Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada reiterated a “hold” rating and set a $125.00 price target on shares of United Technologies Corporation in a research report on Sunday, August 13th. Stifel Nicolaus reiterated a “hold” rating and set a $126.00 price target on shares of United Technologies Corporation in a research report on Friday, July 7th. Zacks Investment Research lowered shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of United Technologies Corporation in a research report on Wednesday, May 31st. Sixteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $124.48.

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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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