United Technologies Corporation (UTX) Shares Sold by Everett Harris & Co. CA

Everett Harris & Co. CA decreased its holdings in shares of United Technologies Corporation (NYSE:UTX) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,778 shares of the conglomerate’s stock after selling 2,800 shares during the quarter. Everett Harris & Co. CA’s holdings in United Technologies Corporation were worth $6,078,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Alexandria Capital LLC grew its holdings in shares of United Technologies Corporation by 0.3% during the second quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock valued at $132,000 after buying an additional 3 shares in the last quarter. TCI Wealth Advisors Inc. grew its stake in United Technologies Corporation by 0.3% in the first quarter. TCI Wealth Advisors Inc. now owns 2,501 shares of the conglomerate’s stock valued at $281,000 after purchasing an additional 7 shares in the last quarter. Jackson Grant Investment Advisers Inc. grew its stake in United Technologies Corporation by 0.5% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,780 shares of the conglomerate’s stock valued at $200,000 after purchasing an additional 9 shares in the last quarter. Kissinger Financial Services LLC grew its stake in United Technologies Corporation by 0.5% in the second quarter. Kissinger Financial Services LLC now owns 2,095 shares of the conglomerate’s stock valued at $256,000 after purchasing an additional 11 shares in the last quarter. Finally, Baystate Wealth Management LLC grew its stake in United Technologies Corporation by 0.5% in the second quarter. Baystate Wealth Management LLC now owns 2,262 shares of the conglomerate’s stock valued at $279,000 after purchasing an additional 11 shares in the last quarter. Institutional investors and hedge funds own 78.87% of the company’s stock.

UTX has been the topic of a number of recent research reports. UBS AG boosted their target price on United Technologies Corporation to $135.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Zacks Investment Research upgraded United Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Jefferies Group LLC restated a “buy” rating on shares of United Technologies Corporation in a research note on Thursday, July 27th. Cowen and Company restated a “buy” rating and issued a $127.00 target price on shares of United Technologies Corporation in a research note on Tuesday, September 5th. Finally, Credit Suisse Group restated a “neutral” rating on shares of United Technologies Corporation in a research note on Friday, September 1st. Fourteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. United Technologies Corporation currently has an average rating of “Hold” and a consensus price target of $125.15.

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United Technologies Corporation (UTX) opened at 119.83 on Tuesday. United Technologies Corporation has a 52-week low of $100.52 and a 52-week high of $124.79. The firm has a market cap of $95.72 billion, a PE ratio of 18.25 and a beta of 1.05. The company’s 50 day moving average price is $116.72 and its 200 day moving average price is $118.76.

United Technologies Corporation (NYSE:UTX) last posted its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. United Technologies Corporation had a return on equity of 17.66% and a net margin of 8.79%. The business had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. During the same quarter last year, the company posted $1.76 earnings per share. United Technologies Corporation’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts predict that United Technologies Corporation will post $6.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Friday, November 17th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, November 16th. United Technologies Corporation’s payout ratio is currently 43.41%.

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.

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

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