Winfield Associates Inc. raised its holdings in shares of United Technologies Corporation (NYSE:UTX) by 2.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,029 shares of the conglomerate’s stock after buying an additional 29 shares during the period. Winfield Associates Inc.’s holdings in United Technologies Corporation were worth $126,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Alexandria Capital LLC boosted its holdings in United Technologies Corporation by 0.3% during the second quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock worth $132,000 after buying an additional 3 shares in the last quarter. TCI Wealth Advisors Inc. boosted its holdings in United Technologies Corporation by 0.3% during the first quarter. TCI Wealth Advisors Inc. now owns 2,501 shares of the conglomerate’s stock worth $281,000 after buying an additional 7 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its holdings in United Technologies Corporation by 0.5% during the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,780 shares of the conglomerate’s stock worth $200,000 after buying an additional 9 shares in the last quarter. Kissinger Financial Services LLC boosted its holdings in United Technologies Corporation by 0.5% during the second quarter. Kissinger Financial Services LLC now owns 2,095 shares of the conglomerate’s stock worth $256,000 after buying an additional 11 shares in the last quarter. Finally, Baystate Wealth Management LLC boosted its holdings in United Technologies Corporation by 0.5% during the second quarter. Baystate Wealth Management LLC now owns 2,262 shares of the conglomerate’s stock worth $279,000 after buying an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 78.79% of the company’s stock.

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UTX has been the subject of a number of research reports. Bank of America Corporation restated a “buy” rating and set a $140.00 target price on shares of United Technologies Corporation in a report on Wednesday, September 6th. Deutsche Bank AG reduced their target price on shares of United Technologies Corporation from $125.00 to $120.00 and set a “hold” rating for the company in a report 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 target price for the company. in a report on Tuesday, September 5th. Cowen and Company cut shares of United Technologies Corporation from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $127.00 to $120.00 in a report on Wednesday, September 6th. Finally, Credit Suisse Group restated a “buy” rating and set a $136.00 target price on shares of United Technologies Corporation in a report on Wednesday, July 26th. Fifteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. United Technologies Corporation currently has an average rating of “Hold” and a consensus target price of $123.84.

Shares of United Technologies Corporation (NYSE UTX) opened at 118.23 on Friday. The firm’s 50 day moving average is $114.83 and its 200-day moving average is $117.88. United Technologies Corporation has a 52 week low of $97.62 and a 52 week high of $124.79. The firm has a market cap of $94.44 billion, a price-to-earnings ratio of 18.01 and a beta of 1.05.

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

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

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