State of Alaska Department of Revenue raised its stake in shares of United Technologies Corporation (NYSE:UTX) by 6.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,304 shares of the conglomerate’s stock after purchasing an additional 140 shares during the period. State of Alaska Department of Revenue’s holdings in United Technologies Corporation were worth $281,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Swiss National Bank boosted its stake in shares of United Technologies Corporation by 25.2% in the first quarter. Swiss National Bank now owns 2,771,721 shares of the conglomerate’s stock worth $311,015,000 after acquiring an additional 557,300 shares during the period. American Century Companies Inc. boosted its stake in shares of United Technologies Corporation by 15.8% in the first quarter. American Century Companies Inc. now owns 3,430,061 shares of the conglomerate’s stock worth $384,887,000 after acquiring an additional 468,515 shares during the period. Karp Capital Management Corp bought a new position in shares of United Technologies Corporation in the first quarter worth about $40,211,000. UBS Asset Management Americas Inc. boosted its stake in shares of United Technologies Corporation by 11.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,858,758 shares of the conglomerate’s stock worth $320,781,000 after acquiring an additional 301,484 shares during the period. Finally, Bank of Nova Scotia boosted its stake in shares of United Technologies Corporation by 841.0% in the first quarter. Bank of Nova Scotia now owns 262,411 shares of the conglomerate’s stock worth $29,445,000 after acquiring an additional 234,525 shares during the period. 78.79% of the stock is owned by institutional investors and hedge funds.

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Shares of United Technologies Corporation (NYSE:UTX) traded up 0.21% during midday trading on Friday, reaching $116.08. The company’s stock had a trading volume of 3,270,372 shares. The stock’s 50 day moving average price is $115.56 and its 200 day moving average price is $117.60. The firm has a market cap of $92.72 billion, a price-to-earnings ratio of 17.68 and a beta of 1.05. United Technologies Corporation has a one year low of $97.62 and a one year high of $124.79.

United Technologies Corporation (NYSE:UTX) last posted its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.07. The company had revenue of $15.28 billion for 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 revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 EPS. Analysts predict that United Technologies Corporation will post $6.57 earnings per share for the current year.

UTX has been the subject of a number of recent analyst reports. Zacks Investment Research lowered United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $125.00 price objective on shares of United Technologies Corporation in a research note on Friday, June 2nd. HSBC Holdings plc initiated coverage on United Technologies Corporation in a research note on Monday, June 12th. They issued a “hold” rating and a $125.00 price objective for the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $132.00 price objective (up previously from $128.00) on shares of United Technologies Corporation in a research note on Thursday, June 22nd. Finally, BidaskClub raised United Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Fifteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. United Technologies Corporation currently has a consensus 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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