Shayne & CO. LLC maintained its stake in shares of United Technologies Corp. (NYSE:UTX) during the second quarter, Holdings Channel reports. The firm owned 9,199 shares of the company’s stock at the end of the second quarter. United Technologies Corp. accounts for approximately 0.8% of Shayne & CO. LLC’s holdings, making the stock its 12th largest position. Shayne & CO. LLC’s holdings in United Technologies Corp. were worth $943,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. raised its stake in shares of United Technologies Corp. by 1.7% in the first quarter. Franklin Resources Inc. now owns 18,076,858 shares of the company’s stock worth $1,809,493,000 after buying an additional 293,635 shares during the period. Fisher Asset Management LLC raised its stake in shares of United Technologies Corp. by 1.4% in the first quarter. Fisher Asset Management LLC now owns 8,375,521 shares of the company’s stock worth $875,828,000 after buying an additional 118,364 shares during the period. Burgundy Asset Management Ltd. raised its stake in shares of United Technologies Corp. by 3.4% in the first quarter. Burgundy Asset Management Ltd. now owns 3,249,123 shares of the company’s stock worth $325,237,000 after buying an additional 107,919 shares during the period. Lazard Asset Management LLC raised its stake in shares of United Technologies Corp. by 12.2% in the first quarter. Lazard Asset Management LLC now owns 2,989,526 shares of the company’s stock worth $299,250,000 after buying an additional 325,314 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in shares of United Technologies Corp. by 6.7% in the first quarter. UBS Asset Management Americas Inc. now owns 2,660,011 shares of the company’s stock worth $266,269,000 after buying an additional 167,920 shares during the period. Institutional investors and hedge funds own 80.18% of the company’s stock.

Shares of United Technologies Corp. (NYSE:UTX) traded down 2.54% during midday trading on Friday, reaching $100.10. The company’s stock had a trading volume of 7,724,226 shares. United Technologies Corp. has a 12 month low of $83.39 and a 12 month high of $109.83. The company’s 50-day moving average price is $107.27 and its 200-day moving average price is $102.73. The company has a market cap of $83.78 billion, a PE ratio of 11.81 and a beta of 1.06.

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

UTX has been the subject of a number of recent research reports. Barclays PLC raised their target price on United Technologies Corp. from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 27th. Zacks Investment Research downgraded United Technologies Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Stifel Nicolaus reissued a “hold” rating on shares of United Technologies Corp. in a research report on Sunday, July 31st. Bank of America Corp. reissued a “buy” rating and issued a $130.00 target price (up from $115.00) on shares of United Technologies Corp. in a research report on Wednesday, July 27th. Finally, Wells Fargo & Co. reissued an “outperform” rating on shares of United Technologies Corp. in a research report on Tuesday, September 13th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $110.00.

In related news, VP Charles D. Gill sold 6,202 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $109.00, for a total value of $676,018.00. Following the transaction, the vice president now directly owns 51,778 shares of the company’s stock, valued at approximately $5,643,802. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robert J. Mcdonough sold 3,100 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $107.11, for a total value of $332,041.00. Following the completion of the transaction, the insider now directly owns 11,349 shares in the company, valued at $1,215,591.39. The disclosure for this sale can be found here. 0.15% of the stock is owned by corporate insiders.

United Technologies Corp. 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. 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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