Benjamin F. Edwards & Company Inc. lowered its stake in United Technologies Corporation (NYSE:UTX) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,828 shares of the conglomerate’s stock after selling 398 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in United Technologies Corporation were worth $3,520,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in UTX. Swiss National Bank increased its holdings in United Technologies Corporation by 25.2% during the 1st quarter. Swiss National Bank now owns 2,771,721 shares of the conglomerate’s stock valued at $311,015,000 after purchasing an additional 557,300 shares during the period. American Century Companies Inc. increased its holdings in United Technologies Corporation by 15.8% during the 1st quarter. American Century Companies Inc. now owns 3,430,061 shares of the conglomerate’s stock valued at $384,887,000 after purchasing an additional 468,515 shares during the period. Karp Capital Management Corp purchased a new position in United Technologies Corporation during the 1st quarter valued at about $40,211,000. UBS Asset Management Americas Inc. increased its holdings in United Technologies Corporation by 11.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 2,858,758 shares of the conglomerate’s stock valued at $320,781,000 after purchasing an additional 301,484 shares during the period. Finally, PGGM Investments increased its holdings in United Technologies Corporation by 52.4% during the 2nd quarter. PGGM Investments now owns 749,206 shares of the conglomerate’s stock valued at $91,486,000 after purchasing an additional 257,582 shares during the period. Institutional investors own 78.79% of the company’s stock.

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Shares of United Technologies Corporation (NYSE:UTX) opened at 117.18 on Thursday. The firm has a 50-day moving average price of $115.56 and a 200-day moving average price of $117.60. United Technologies Corporation has a 52 week low of $97.62 and a 52 week high of $124.79. The stock has a market cap of $93.60 billion, a price-to-earnings ratio of 17.85 and a beta of 1.05.

United Technologies Corporation (NYSE:UTX) last released its earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, beating the 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 firm had revenue of $15.28 billion during the quarter, compared to analyst estimates of $15.24 billion. During the same quarter in the previous year, the firm earned $1.82 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts anticipate that United Technologies Corporation will post $6.57 earnings per share for the current year.

Several analysts have weighed in on the company. BidaskClub cut United Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada reissued a “hold” rating and issued a $125.00 price target on shares of United Technologies Corporation in a research report on Sunday, August 13th. Stifel Nicolaus reissued a “hold” rating and issued a $126.00 price target on shares of United Technologies Corporation in a research report on Friday, July 7th. Zacks Investment Research cut United Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Jefferies Group LLC reissued a “buy” rating on shares of United Technologies Corporation in a research report on Wednesday, May 31st. Fifteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price 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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