Burney Co. trimmed its position in shares of United Technologies Corporation (NYSE:UTX) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,543 shares of the conglomerate’s stock after selling 2,122 shares during the period. United Technologies Corporation accounts for 1.2% of Burney Co.’s portfolio, making the stock its 14th largest holding. Burney Co.’s holdings in United Technologies Corporation were worth $18,070,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Alexandria Capital LLC increased its holdings in United Technologies Corporation by 0.3% in the 2nd quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock valued at $132,000 after acquiring an additional 3 shares during the last quarter. TCI Wealth Advisors Inc. increased its holdings in United Technologies Corporation by 0.3% in the 1st quarter. TCI Wealth Advisors Inc. now owns 2,501 shares of the conglomerate’s stock valued at $281,000 after acquiring an additional 7 shares during the last quarter. Kissinger Financial Services LLC increased its holdings in United Technologies Corporation by 0.5% in the 2nd quarter. Kissinger Financial Services LLC now owns 2,095 shares of the conglomerate’s stock valued at $256,000 after acquiring an additional 11 shares during the last quarter. Baystate Wealth Management LLC increased its holdings in United Technologies Corporation by 0.5% in the 2nd quarter. Baystate Wealth Management LLC now owns 2,262 shares of the conglomerate’s stock valued at $279,000 after acquiring an additional 11 shares during the last quarter. Finally, Vigilant Capital Management LLC increased its holdings in United Technologies Corporation by 0.7% in the 2nd quarter. Vigilant Capital Management LLC now owns 1,891 shares of the conglomerate’s stock valued at $231,000 after acquiring an additional 14 shares during the last quarter. Hedge funds and other institutional investors own 78.33% of the company’s stock.

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada set a $126.00 target price on shares of United Technologies Corporation and gave the stock a “hold” rating in a report on Sunday, November 12th. Cowen and Company restated a “hold” rating and issued a $120.00 target price on shares of United Technologies Corporation in a report on Friday, November 10th. Zacks Investment Research upgraded shares of United Technologies Corporation from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Stifel Nicolaus boosted their target price on shares of United Technologies Corporation from $122.00 to $124.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, Deutsche Bank AG reduced their target price 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. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. United Technologies Corporation has a consensus rating of “Hold” and a consensus price target of $125.15.

In other news, EVP Michael R. Dumais sold 2,986 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $120.98, for a total value of $361,246.28. Following the completion of the sale, the executive vice president now owns 27,548 shares in the company, valued at approximately $3,332,757.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.16% of the company’s stock.

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Shares of United Technologies Corporation (NYSE UTX) opened at $117.04 on Wednesday. The stock has a market cap of $93,460.00, a PE ratio of 17.60, a price-to-earnings-growth ratio of 2.10 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91. United Technologies Corporation has a 52-week low of $106.85 and a 52-week high of $124.79.

United Technologies Corporation (NYSE:UTX) last released its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.05. The company had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. United Technologies Corporation had a net margin of 8.79% and a return on equity of 17.66%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.76 EPS. equities research analysts anticipate that United Technologies Corporation will post 6.61 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Friday, November 17th will be issued a $0.70 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.80 annualized dividend and a dividend yield of 2.39%. United Technologies Corporation’s dividend payout ratio is currently 43.34%.

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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