GSA Capital Partners LLP bought a new position in United Technologies Corp. (NYSE:UTX) during the second quarter, Holdings Channel reports. The firm bought 4,676 shares of the company’s stock, valued at approximately $480,000.

Other hedge funds also recently bought and sold shares of the company. Morningstar Investment Services LLC raised its stake in shares of United Technologies Corp. by 15.4% in the second quarter. Morningstar Investment Services LLC now owns 112,295 shares of the company’s stock valued at $11,536,000 after buying an additional 14,957 shares in the last quarter. TD Asset Management Inc. raised its stake in shares of United Technologies Corp. by 1.0% in the second quarter. TD Asset Management Inc. now owns 1,606,569 shares of the company’s stock valued at $164,754,000 after buying an additional 16,577 shares in the last quarter. BB&T Securities LLC raised its stake in shares of United Technologies Corp. by 8.2% in the second quarter. BB&T Securities LLC now owns 296,802 shares of the company’s stock valued at $30,437,000 after buying an additional 22,466 shares in the last quarter. Hugh Johnson Advisors LLC raised its stake in shares of United Technologies Corp. by 1.0% in the second quarter. Hugh Johnson Advisors LLC now owns 28,048 shares of the company’s stock valued at $2,876,000 after buying an additional 269 shares in the last quarter. Finally, Lombardia Capital Partners LLC acquired a new stake in shares of United Technologies Corp. during the second quarter valued at approximately $204,000. Institutional investors own 80.18% of the company’s stock.

Shares of United Technologies Corp. (NYSE:UTX) traded down 2.54% on Friday, reaching $100.10. 7,724,226 shares of the company were exchanged. United Technologies Corp. has a 52-week low of $83.39 and a 52-week high of $109.83. The company has a market capitalization of $83.78 billion, a P/E ratio of 11.81 and a beta of 1.06. The stock has a 50 day moving average of $107.27 and a 200-day moving average of $102.73.

United Technologies Corp. (NYSE:UTX) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.14. United Technologies Corp. had a net margin of 12.79% and a return on equity of 18.14%. The firm earned $14.90 billion during the quarter, compared to analysts’ expectations of $14.67 billion. During the same period in the previous year, the company earned $1.81 earnings per share. United Technologies Corp.’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, analysts predict that United Technologies Corp. will post $6.58 EPS for the current fiscal year.

Several analysts have recently commented on UTX shares. Sterne Agee CRT lowered United Technologies Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, June 1st. Royal Bank Of Canada reiterated a “sector perform” rating and set a $108.00 price objective on shares of United Technologies Corp. in a report on Tuesday, June 14th. Zacks Investment Research downgraded United Technologies Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Jefferies Group reissued a “buy” rating on shares of United Technologies Corp. in a research report on Tuesday, July 5th. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of United Technologies Corp. in a research report on Saturday, July 9th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. United Technologies Corp. presently has an average rating of “Hold” and an average target price of $110.00.

In other news, VP Charles D. Gill sold 7,144 shares of the company’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $108.05, for a total value of $771,909.20. Following the completion of the sale, the vice president now directly owns 55,278 shares of the company’s stock, valued at $5,972,787.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Charles D. Gill sold 6,202 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $109.00, for a total transaction of $676,018.00. Following the completion of the sale, the vice president now directly owns 51,778 shares of the company’s stock, valued at $5,643,802. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.

About United Technologies Corp.

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. Its Otis segment designs, manufactures, sells and installs a range of passenger and freight elevators, as well as a line of escalators and moving walkways.

5 Day Chart for NYSE:UTX

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