United Technologies Corp. (NYSE:UTX) shares saw unusually-high trading volume on Friday . Approximately 3,994,923 shares changed hands during mid-day trading, an increase of 25% from the previous session’s volume of 3,184,474 shares.The stock last traded at $100.49 and had previously closed at $102.71.

UTX has been the subject of several analyst reports. Jefferies Group reiterated a “buy” rating on shares of United Technologies Corp. in a research note on Tuesday, July 5th. Barclays PLC boosted their target price on shares of United Technologies Corp. from $108.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 27th. Stifel Nicolaus reiterated a “hold” rating on shares of United Technologies Corp. in a research note on Sunday, July 31st. Zacks Investment Research upgraded shares of United Technologies Corp. from a “sell” rating to a “hold” rating in a research note on Friday, July 22nd. Finally, Bank of America Corp. reiterated a “buy” rating and issued a $130.00 target price (up from $115.00) on shares of United Technologies Corp. in a research note on Wednesday, July 27th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $110.00.

The stock has a market capitalization of $83.78 billion, a PE ratio of 11.81 and a beta of 1.06. The stock’s 50 day moving average price is $107.27 and its 200 day moving average price is $102.73.

United Technologies Corp. (NYSE:UTX) last released its earnings results on Tuesday, July 26th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates 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 earned $14.90 billion during the quarter, compared to the consensus estimate of $14.67 billion. During the same quarter last 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, equities research analysts expect that United Technologies Corp. will post $6.58 EPS for the current fiscal year.

In other United Technologies Corp. news, VP Charles D. Gill sold 7,144 shares of the firm’s stock in a transaction on Wednesday, July 27th. The stock was 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 owns 55,278 shares of the company’s stock, valued at $5,972,787.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Charles D. Gill sold 6,202 shares of the firm’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $109.00, for a total value 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 approximately $5,643,802. The disclosure for this sale can be found here. 0.15% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in UTX. Cornerstone Advisors Inc. increased its stake in United Technologies Corp. 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 period. Ronna Sue Cohen increased its position in United Technologies Corp. by 0.3% in the second quarter. Ronna Sue Cohen now owns 2,722 shares of the company’s stock valued at $279,000 after buying an additional 7 shares during the period. Jackson Grant Investment Advisers Inc. increased its position in United Technologies Corp. by 0.5% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,902 shares of the company’s stock valued at $195,000 after buying an additional 10 shares during the period. Burke & Herbert Bank & Trust Co. increased its position in United Technologies Corp. by 0.4% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 4,261 shares of the company’s stock valued at $427,000 after buying an additional 17 shares during the period. Finally, Vicus Capital increased its position in United Technologies Corp. by 0.4% in the first quarter. Vicus Capital now owns 4,078 shares of the company’s stock valued at $408,000 after buying an additional 18 shares during the period. 80.18% of the stock is owned by institutional investors.

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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