Boyd Watterson Asset Management LLC OH lowered its stake in shares of United Technologies Corporation (NYSE:UTX) by 22.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,764 shares of the conglomerate’s stock after selling 1,960 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in United Technologies Corporation were worth $826,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. increased its holdings in shares of United Technologies Corporation by 14.3% during the first quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock valued at $112,000 after acquiring an additional 125 shares in the last quarter. Alexandria Capital LLC increased its holdings in shares of 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 acquiring an additional 4 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in shares of United Technologies Corporation by 42.3% during the first quarter. Proficio Capital Partners LLC now owns 1,298 shares of the conglomerate’s stock valued at $158,000 after acquiring an additional 386 shares in the last quarter. Thompson Davis & CO. Inc. increased its holdings in shares of United Technologies Corporation by 22.9% during the first quarter. Thompson Davis & CO. Inc. now owns 1,338 shares of the conglomerate’s stock valued at $150,000 after acquiring an additional 249 shares in the last quarter. Finally, MCF Advisors LLC increased its holdings in shares of United Technologies Corporation by 22.4% during the first quarter. MCF Advisors LLC now owns 1,550 shares of the conglomerate’s stock valued at $174,000 after acquiring an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Several research firms have recently issued reports on UTX. Deutsche Bank AG cut their price objective on shares of United Technologies Corporation from $125.00 to $120.00 and set a “hold” rating on the stock in a report on Wednesday, September 6th. Bank of America Corporation restated a “buy” rating and set a $140.00 price objective on shares of United Technologies Corporation in a report on Wednesday, September 6th. Cowen and Company downgraded shares of United Technologies Corporation from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $127.00 to $120.00 in a report on Wednesday, September 6th. Vertical Research downgraded shares of United Technologies Corporation from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a report on Tuesday, September 5th. Finally, Credit Suisse Group AG restated a “neutral” rating on shares of United Technologies Corporation in a report on Friday, September 1st. Fifteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $123.84.

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United Technologies Corporation (NYSE UTX) traded down 0.19% during midday trading on Friday, reaching $117.95. The company’s stock had a trading volume of 804,612 shares. The stock has a market cap of $94.22 billion, a P/E ratio of 17.97 and a beta of 1.05. The stock’s 50 day moving average is $114.77 and its 200 day moving average is $117.84. United Technologies Corporation has a 12-month low of $97.62 and a 12-month high of $124.79.

United Technologies Corporation (NYSE:UTX) last posted its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.07. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The firm had revenue of $15.28 billion for the quarter, compared to the consensus estimate of $15.24 billion. During the same period in the previous year, the business earned $1.82 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts anticipate that United Technologies Corporation will post $6.57 earnings per share for the current year.

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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