BKS Advisors LLC continued to hold its position in shares of United Technologies Corp. (NYSE:UTX) during the second quarter, Holdings Channel reports. The institutional investor owned 2,728 shares of the company’s stock at the end of the second quarter. BKS Advisors LLC’s holdings in United Technologies Corp. were worth $280,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Midwest Investment Management LLC increased its position in shares of United Technologies Corp. by 13.5% in the second quarter. Midwest Investment Management LLC now owns 2,515 shares of the company’s stock worth $257,000 after buying an additional 300 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of United Technologies Corp. by 7.8% in the second quarter. Nationwide Fund Advisors now owns 444,712 shares of the company’s stock worth $45,605,000 after buying an additional 32,256 shares in the last quarter. Gamble Jones Investment Counsel increased its position in shares of United Technologies Corp. by 1.1% in the second quarter. Gamble Jones Investment Counsel now owns 64,545 shares of the company’s stock worth $6,619,000 after buying an additional 674 shares in the last quarter. First Pacific Advisors LLC increased its position in shares of United Technologies Corp. by 7.3% in the second quarter. First Pacific Advisors LLC now owns 6,862,946 shares of the company’s stock worth $703,795,000 after buying an additional 464,778 shares in the last quarter. Finally, Allegis Investment Advisors LLC increased its position in shares of United Technologies Corp. by 8.6% in the second quarter. Allegis Investment Advisors LLC now owns 5,885 shares of the company’s stock worth $591,000 after buying an additional 468 shares in the last quarter. Institutional investors own 80.18% of the company’s stock.

Shares of United Technologies Corp. (NYSE:UTX) traded up 0.10% during midday trading on Tuesday, hitting $100.54. The stock had a trading volume of 1,726,432 shares. United Technologies Corp. has a 12-month low of $83.39 and a 12-month high of $109.83. The stock has a 50-day moving average price of $106.53 and a 200-day moving average price of $102.89. The stock has a market cap of $84.14 billion, a P/E ratio of 11.86 and a beta of 1.06.

United Technologies Corp. (NYSE:UTX) last posted its earnings results on Tuesday, July 26th. The company reported $1.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.14. The business had revenue of $14.90 billion for the quarter, compared to analysts’ expectations of $14.67 billion. United Technologies Corp. had a net margin of 12.79% and a return on equity of 18.14%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.81 earnings per share. Equities analysts forecast that United Technologies Corp. will post $6.58 earnings per share for the current year.

Several equities analysts have recently weighed in on the company. Wells Fargo & Co. restated an “outperform” rating on shares of United Technologies Corp. in a research report on Tuesday, September 13th. Stifel Nicolaus restated a “hold” rating on shares of United Technologies Corp. in a research report on Sunday, July 31st. Barclays PLC raised their target price on United Technologies Corp. from $108.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 27th. Jefferies Group restated a “buy” rating and issued a $118.00 target price on shares of United Technologies Corp. in a research report on Wednesday, July 27th. Finally, Bank of America Corp. restated a “buy” rating and issued a $130.00 target price (up previously from $115.00) on shares of United Technologies Corp. in a research report on Wednesday, July 27th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $110.00.

In related news, 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 value of $676,018.00. Following the sale, the vice president now owns 51,778 shares of the company’s stock, valued at $5,643,802. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $771,909.20. Following the completion of the sale, the vice president now directly owns 55,278 shares in the company, valued at approximately $5,972,787.90. 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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