Fort Washington Investment Advisors Inc. OH Purchases 19,585 Shares of United Technologies Corporation (UTX)

Fort Washington Investment Advisors Inc. OH raised its position in United Technologies Corporation (NYSE:UTX) by 3.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 599,163 shares of the conglomerate’s stock after buying an additional 19,585 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.07% of United Technologies Corporation worth $67,301,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in UTX. Riggs Asset Managment Co. Inc. raised its stake in United Technologies Corporation by 14.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock valued at $112,000 after buying an additional 125 shares in the last quarter. Alexandria Capital LLC raised its stake in United Technologies Corporation by 0.4% in the first quarter. Alexandria Capital LLC now owns 1,075 shares of the conglomerate’s stock valued at $121,000 after buying an additional 4 shares in the last quarter. Paragon Capital Management Ltd purchased a new stake in United Technologies Corporation during the first quarter valued at approximately $139,000. Thompson Davis & CO. Inc. raised its stake in United Technologies Corporation by 22.9% in the first quarter. Thompson Davis & CO. Inc. now owns 1,338 shares of the conglomerate’s stock valued at $150,000 after buying an additional 249 shares in the last quarter. Finally, MCF Advisors LLC raised its stake in United Technologies Corporation by 22.4% in the first quarter. MCF Advisors LLC now owns 1,550 shares of the conglomerate’s stock valued at $174,000 after buying an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

United Technologies Corporation (NYSE UTX) opened at 115.48 on Friday. The stock has a 50 day moving average of $120.41 and a 200 day moving average of $117.13. The stock has a market capitalization of $92.24 billion, a P/E ratio of 17.59 and a beta of 1.06. United Technologies Corporation has a 1-year low of $97.62 and a 1-year high of $124.79.

United Technologies Corporation (NYSE:UTX) last released its earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.07. The company had revenue of $15.28 billion for the quarter, compared to analyst estimates of $15.24 billion. United Technologies Corporation had a net margin of 9.15% and a return on equity of 18.07%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.82 EPS. On average, analysts expect that United Technologies Corporation will post $6.58 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Friday, August 18th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.42%. This is a positive change from United Technologies Corporation’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Wednesday, August 16th. United Technologies Corporation’s dividend payout ratio is 42.68%.

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Several analysts recently commented on UTX shares. Zacks Investment Research upgraded shares of United Technologies Corporation from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research report on Tuesday, May 16th. UBS AG raised their price target on shares of United Technologies Corporation to $135.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Jefferies Group LLC restated a “buy” rating on shares of United Technologies Corporation in a research report on Thursday, July 27th. Royal Bank Of Canada restated a “neutral” rating on shares of United Technologies Corporation in a research report on Thursday, April 27th. Finally, Morgan Stanley raised their price target on shares of United Technologies Corporation from $120.00 to $123.00 and gave the company an “overweight” rating in a research report on Friday, April 28th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $123.54.

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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