Tower Research Capital LLC TRC bought a new position in shares of United Technologies Corporation (NYSE:UTX) during the third quarter, Holdings Channel reports. The fund bought 4,733 shares of the company’s stock, valued at approximately $481,000.

Other large investors have also modified their holdings of the company. Cornerstone Advisors Inc. boosted its stake in shares of United Technologies Corporation by 0.3% in the second quarter. Cornerstone Advisors Inc. now owns 1,895 shares of the company’s stock worth $194,000 after buying an additional 5 shares during the last quarter. Ronna Sue Cohen boosted its stake in shares of United Technologies Corporation by 0.3% in the third quarter. Ronna Sue Cohen now owns 2,730 shares of the company’s stock worth $277,000 after buying an additional 8 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in shares of United Technologies Corporation by 0.5% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,902 shares of the company’s stock worth $195,000 after buying an additional 10 shares during the last quarter. Alpha Windward LLC boosted its stake in shares of United Technologies Corporation by 0.5% in the third quarter. Alpha Windward LLC now owns 2,399 shares of the company’s stock worth $244,000 after buying an additional 12 shares during the last quarter. Finally, AT Bancorp boosted its stake in shares of United Technologies Corporation by 0.3% in the third quarter. AT Bancorp now owns 4,992 shares of the company’s stock worth $506,000 after buying an additional 14 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of United Technologies Corporation (NYSE:UTX) traded down 0.54% during trading on Friday, hitting $110.22. 2,880,618 shares of the stock traded hands. The firm’s 50-day moving average price is $109.82 and its 200-day moving average price is $105.62. The stock has a market cap of $90.76 billion, a PE ratio of 12.59 and a beta of 1.11. United Technologies Corporation has a 12 month low of $83.39 and a 12 month high of $112.83.

United Technologies Corporation (NYSE:UTX) last posted its earnings results on Tuesday, October 25th. The company reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.09. The firm earned $14.40 billion during the quarter, compared to the consensus estimate of $12.28 billion. United Technologies Corporation had a net margin of 12.87% and a return on equity of 18.28%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 EPS. Analysts anticipate that United Technologies Corporation will post $6.60 EPS for the current year.

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A number of brokerages have issued reports on UTX. Credit Suisse Group raised shares of United Technologies Corporation from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $108.00 to $125.00 in a report on Monday, December 19th. Royal Bank Of Canada reduced their price target on shares of United Technologies Corporation from $121.00 to $118.00 and set a “sector perform” rating for the company in a research report on Thursday. RBC Capital Markets assumed coverage on shares of United Technologies Corporation in a research report on Thursday. They set a “sector perform” rating and a $118.00 price target for the company. Stifel Nicolaus restated a “hold” rating on shares of United Technologies Corporation in a research report on Wednesday, October 26th. Finally, Vetr lowered shares of United Technologies Corporation from a “buy” rating to a “hold” rating and set a $106.05 price target for the company. in a research report on Monday, November 7th. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $113.09.

In other news, Director Brian C. Rogers acquired 5,000 shares of the stock in a transaction on Wednesday, December 7th. The stock was bought at an average price of $107.94 per share, with a total value of $539,700.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $539,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert J. Bailey sold 967 shares of the stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $106.46, for a total transaction of $102,946.82. Following the completion of the sale, the vice president now directly owns 2,000 shares of the company’s stock, valued at approximately $212,920. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company’s stock.

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. 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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