OLD National Bancorp IN decreased its position in shares of United Technologies Corporation (NYSE:UTX) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,124 shares of the conglomerate’s stock after selling 1,097 shares during the quarter. OLD National Bancorp IN’s holdings in United Technologies Corporation were worth $3,801,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Riggs Asset Managment Co. Inc. grew its stake in shares of United Technologies Corporation by 14.3% during the 1st 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 grew its stake in shares of United Technologies Corporation by 0.4% during the 1st 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 1st quarter worth approximately $139,000. Thompson Davis & CO. Inc. grew its stake in shares of United Technologies Corporation by 22.9% during the 1st 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. Finally, Proficio Capital Partners LLC grew its stake in shares of United Technologies Corporation by 42.3% during the 1st quarter. Proficio Capital Partners LLC now owns 1,298 shares of the conglomerate’s stock worth $158,000 after purchasing an additional 386 shares during the period. 78.79% of the stock is currently owned by institutional investors and hedge funds.

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UTX has been the topic of a number of research analyst reports. Deutsche Bank AG dropped their price target on shares of United Technologies Corporation from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Wednesday, September 6th. Bank of America Corporation reissued a “buy” rating and issued a $140.00 price target on shares of United Technologies Corporation in a research note on Wednesday, September 6th. Cowen and Company cut shares of United Technologies Corporation from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $127.00 to $120.00 in a research note on Wednesday, September 6th. Vertical Research cut shares of United Technologies Corporation from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Tuesday, September 5th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of United Technologies Corporation in a research note on Friday, September 1st. Fifteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $123.84.

Shares of United Technologies Corporation (NYSE UTX) traded up 0.344% on Thursday, reaching $118.035. The company’s stock had a trading volume of 1,247,160 shares. United Technologies Corporation has a 1-year low of $97.62 and a 1-year high of $124.79. The stock has a market capitalization of $94.28 billion, a P/E ratio of 17.979 and a beta of 1.05. The company has a 50 day moving average of $114.76 and a 200 day moving average of $117.84.

United Technologies Corporation (NYSE:UTX) last posted its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. The business had revenue of $15.28 billion for the quarter, compared to analyst estimates of $15.24 billion. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.82 earnings per share. Equities research analysts expect that United Technologies Corporation will post $6.57 earnings per share for the current fiscal year.

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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