Forte Capital LLC ADV maintained its stake in United Technologies Corporation (NYSE:UTX) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,924 shares of the conglomerate’s stock at the close of the second quarter. Forte Capital LLC ADV’s holdings in United Technologies Corporation were worth $235,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Alexandria Capital LLC grew its position in United Technologies Corporation by 0.4% during the first quarter. Alexandria Capital LLC now owns 1,075 shares of the conglomerate’s stock valued at $121,000 after purchasing an additional 4 shares in the last quarter. TCI Wealth Advisors Inc. grew its position in 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 acquiring an additional 7 shares in the last quarter. Jackson Grant Investment Advisers Inc. grew its position in 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 acquiring an additional 9 shares in the last quarter. Kissinger Financial Services LLC grew its position in United Technologies Corporation by 0.5% in the second quarter. Kissinger Financial Services LLC now owns 2,095 shares of the conglomerate’s stock worth $256,000 after acquiring an additional 11 shares in the last quarter. Finally, Hudock Capital Group LLC grew its position in 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 acquiring an additional 17 shares in the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have commented on UTX shares. Zacks Investment Research downgraded shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada reissued a “hold” rating and issued a $125.00 target price on shares of United Technologies Corporation in a research report on Friday, June 2nd. HSBC Holdings plc started coverage on shares of United Technologies Corporation in a research report on Monday, June 12th. They issued a “hold” rating and a $125.00 target price for the company. Morgan Stanley reissued an “overweight” rating and issued a $132.00 target price (up from $128.00) on shares of United Technologies Corporation in a research report on Thursday, June 22nd. Finally, BidaskClub raised shares of United Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Fifteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $124.48.

United Technologies Corporation (NYSE UTX) traded up 0.21% during trading on Friday, reaching $116.08. 3,270,372 shares of the company traded hands. United Technologies Corporation has a 12 month low of $97.62 and a 12 month high of $124.79. The company has a market cap of $92.72 billion, a PE ratio of 17.68 and a beta of 1.05. The company’s 50-day moving average is $115.56 and its 200 day moving average is $117.60.

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 business had revenue of $15.28 billion during the quarter, compared to analysts’ expectations of $15.24 billion. During the same period last year, the business earned $1.82 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. On average, analysts anticipate that United Technologies Corporation will post $6.57 earnings per share for the current year.

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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.

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

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