Sheaff Brock Investment Advisors LLC raised its position in shares of United Technologies Corporation (NYSE:UTX) by 264.5% during the third quarter, Holdings Channel reports. The fund owned 7,858 shares of the company’s stock after buying an additional 5,702 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in United Technologies Corporation were worth $798,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of UTX. Cornerstone Advisors Inc. increased 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 raised its position 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 valued at $277,000 after buying an additional 8 shares during the period. Jackson Grant Investment Advisers Inc. raised its position 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 valued at $195,000 after buying an additional 10 shares during the period. Alpha Windward LLC raised its position 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 valued at $244,000 after buying an additional 12 shares during the period. Finally, AT Bancorp raised its position 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 valued at $506,000 after buying an additional 14 shares during the period. 78.29% of the stock is owned by institutional investors.

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

United Technologies Corporation (NYSE:UTX) traded down 0.54% on Friday, hitting $110.22. The stock had a trading volume of 2,880,618 shares. The company’s 50 day moving average price is $109.82 and its 200 day moving average price is $105.62. The firm has a market cap of $90.76 billion, a price-to-earnings ratio of 12.59 and a beta of 1.11. United Technologies Corporation has a 52-week low of $83.39 and a 52-week high of $112.83.

United Technologies Corporation (NYSE:UTX) last issued its earnings results on Tuesday, October 25th. The company reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.09. The business had revenue of $14.40 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company posted $1.67 earnings per share. Analysts expect that United Technologies Corporation will post $6.60 EPS for the current year.

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Several brokerages have weighed in on UTX. RBC Capital Markets began coverage on United Technologies Corporation in a report on Thursday. They set a “sector perform” rating and a $118.00 price objective for the company. Royal Bank Of Canada reduced their price objective on United Technologies Corporation from $121.00 to $118.00 and set a “sector perform” rating for the company in a report on Thursday. Barclays PLC reissued an “equal weight” rating and set a $111.00 price objective on shares of United Technologies Corporation in a report on Friday, December 16th. Vetr lowered United Technologies Corporation from a “buy” rating to a “hold” rating and set a $106.05 price objective for the company. in a report on Monday, November 7th. Finally, Zacks Investment Research raised United Technologies Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 26th. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $113.09.

In other United Technologies Corporation news, Director Brian C. Rogers acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, December 7th. The shares were purchased at an average cost of $107.94 per share, for a total transaction of $539,700.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at $539,700. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 transaction, the vice president now owns 2,000 shares in the company, valued at $212,920. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

United Technologies Corporation 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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