Cutler Investment Counsel LLC boosted its stake in United Technologies Corporation (NYSE:UTX) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,714 shares of the conglomerate’s stock after acquiring an additional 789 shares during the period. United Technologies accounts for about 2.0% of Cutler Investment Counsel LLC’s holdings, making the stock its 25th biggest position. Cutler Investment Counsel LLC’s holdings in United Technologies were worth $7,902,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in UTX. Vanguard Group Inc. raised its position in shares of United Technologies by 1.6% in the second quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock valued at $6,693,250,000 after purchasing an additional 848,623 shares during the period. BlackRock Inc. raised its position in shares of United Technologies by 0.3% in the second quarter. BlackRock Inc. now owns 44,095,986 shares of the conglomerate’s stock valued at $5,384,561,000 after purchasing an additional 133,036 shares during the period. FMR LLC raised its position in shares of United Technologies by 13.2% in the second quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock valued at $2,514,316,000 after purchasing an additional 2,401,795 shares during the period. Ameriprise Financial Inc. raised its position in shares of United Technologies by 10.9% in the second quarter. Ameriprise Financial Inc. now owns 3,931,862 shares of the conglomerate’s stock valued at $480,116,000 after purchasing an additional 387,125 shares during the period. Finally, Legal & General Group Plc raised its position in shares of United Technologies by 1.3% in the second quarter. Legal & General Group Plc now owns 3,729,056 shares of the conglomerate’s stock valued at $455,358,000 after purchasing an additional 46,813 shares during the period. 80.20% of the stock is currently owned by institutional investors and hedge funds.

Shares of United Technologies Corporation (NYSE UTX) traded up $0.41 during trading hours on Friday, reaching $122.81. 2,788,784 shares of the company traded hands, compared to its average volume of 2,748,098. The stock has a market capitalization of $98,072.38, a PE ratio of 18.55, a P/E/G ratio of 2.21 and a beta of 1.07. United Technologies Corporation has a 12 month low of $106.85 and a 12 month high of $124.79. The company has a current ratio of 1.31, a quick ratio of 0.91 and a debt-to-equity ratio of 0.76.

United Technologies (NYSE:UTX) last issued its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.73 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 had a net margin of 8.79% and a return on equity of 17.66%. United Technologies’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.76 earnings per share. equities analysts anticipate that United Technologies Corporation will post 6.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Friday, November 17th will be paid a dividend of $0.70 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.80 annualized dividend and a yield of 2.28%. United Technologies’s dividend payout ratio is currently 43.41%.

In related news, EVP Michael R. Dumais sold 2,986 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $120.98, for a total transaction of $361,246.28. Following the completion of the transaction, the executive vice president now owns 27,548 shares of the company’s stock, valued at $3,332,757.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Robert J. Bailey sold 827 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $118.06, for a total transaction of $97,635.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,792 shares of company stock valued at $1,182,520. 0.16% of the stock is owned by corporate insiders.

UTX has been the topic of several research reports. Zacks Investment Research lowered shares of United Technologies from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Cowen lowered shares of United Technologies from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $127.00 to $120.00 in a research report on Wednesday, September 6th. Bank of America reissued a “buy” rating and issued a $140.00 price target on shares of United Technologies in a research report on Wednesday, September 6th. Jefferies Group reissued a “buy” rating and issued a $139.00 price target on shares of United Technologies in a research report on Tuesday, August 29th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of United Technologies in a research report on Friday, September 1st. Fourteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. United Technologies has a consensus rating of “Hold” and an average price target of $125.15.

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United Technologies 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 (NYSE:UTX)

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