Saratoga Research & Investment Management grew its holdings in United Technologies Corporation (NYSE:UTX) by 4.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 628,457 shares of the conglomerate’s stock after purchasing an additional 26,175 shares during the period. United Technologies Corporation comprises approximately 6.1% of Saratoga Research & Investment Management’s investment portfolio, making the stock its 4th biggest holding. Saratoga Research & Investment Management owned approximately 0.08% of United Technologies Corporation worth $76,741,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PGGM Investments increased its holdings in United Technologies Corporation by 52.4% during the second quarter. PGGM Investments now owns 749,206 shares of the conglomerate’s stock worth $91,486,000 after buying an additional 257,582 shares during the last quarter. Huntington National Bank increased its holdings in United Technologies Corporation by 3.7% during the second quarter. Huntington National Bank now owns 284,531 shares of the conglomerate’s stock worth $34,744,000 after buying an additional 10,025 shares during the last quarter. Pioneer Investment Management Inc. increased its holdings in United Technologies Corporation by 2.1% during the first quarter. Pioneer Investment Management Inc. now owns 1,223,811 shares of the conglomerate’s stock worth $137,324,000 after buying an additional 25,625 shares during the last quarter. Private Wealth Advisors Inc. increased its holdings in United Technologies Corporation by 14.9% during the first quarter. Private Wealth Advisors Inc. now owns 23,551 shares of the conglomerate’s stock worth $2,643,000 after buying an additional 3,051 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in United Technologies Corporation by 0.6% during the second quarter. Russell Investments Group Ltd. now owns 1,695,965 shares of the conglomerate’s stock worth $207,154,000 after buying an additional 9,664 shares during the last quarter. Institutional investors own 78.79% of the company’s stock.

Shares of United Technologies Corporation (NYSE:UTX) opened at 118.23 on Friday. 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 $94.44 billion, a PE ratio of 18.01 and a beta of 1.05. The stock has a 50 day moving average of $114.83 and a 200-day moving average of $117.88.

United Technologies Corporation (NYSE:UTX) last announced its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, topping the 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 company had revenue of $15.28 billion during the quarter, compared to analyst estimates of $15.24 billion. During the same quarter last year, the firm posted $1.82 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts forecast that United Technologies Corporation will post $6.57 earnings per share for the current year.

UTX has been the topic of a number of recent analyst reports. Cowen and Company downgraded shares of United Technologies Corporation from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $127.00 to $120.00 in a report on Wednesday, September 6th. 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. Jefferies Group LLC restated a “buy” rating and set a $139.00 target price on shares of United Technologies Corporation in a report on Tuesday, August 29th. 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. Finally, BidaskClub upgraded shares of United Technologies Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Fifteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $123.84.

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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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