Aristotle Capital Management LLC continued to hold its stake in United Technologies Corporation (NYSE:UTX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,283 shares of the conglomerate’s stock at the end of the first quarter. Aristotle Capital Management LLC’s holdings in United Technologies Corporation were worth $817,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of UTX. New England Research & Management Inc. boosted its stake in United Technologies Corporation by 0.6% in the first quarter. New England Research & Management Inc. now owns 7,013 shares of the conglomerate’s stock worth $787,000 after buying an additional 43 shares during the period. Indiana Trust & Investment Management CO boosted its stake in United Technologies Corporation by 1.1% in the first quarter. Indiana Trust & Investment Management CO now owns 9,602 shares of the conglomerate’s stock worth $1,077,000 after buying an additional 100 shares during the period. Cardinal Capital Management Inc. boosted its stake in United Technologies Corporation by 8.8% in the first quarter. Cardinal Capital Management Inc. now owns 121,690 shares of the conglomerate’s stock worth $13,655,000 after buying an additional 9,795 shares during the period. Boltwood Capital Management boosted its stake in United Technologies Corporation by 5.1% in the first quarter. Boltwood Capital Management now owns 14,890 shares of the conglomerate’s stock worth $1,670,000 after buying an additional 725 shares during the period. Finally, Trust Co boosted its stake in United Technologies Corporation by 5.7% in the fourth quarter. Trust Co now owns 21,772 shares of the conglomerate’s stock worth $2,386,000 after buying an additional 1,180 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Shares of United Technologies Corporation (NYSE UTX) traded up 0.24% during trading on Monday, reaching $117.17. 329,081 shares of the company were exchanged. The stock has a market capitalization of $93.59 billion, a price-to-earnings ratio of 17.85 and a beta of 1.06. The company has a 50 day moving average price of $121.18 and a 200-day moving average price of $116.91. United Technologies Corporation has a one year low of $97.62 and a one year high of $124.79.

United Technologies Corporation (NYSE:UTX) last released its earnings results on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. The firm had revenue of $15.28 billion for the quarter, compared to analysts’ expectations of $15.24 billion. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.82 earnings per share. Equities analysts predict that United Technologies Corporation will post $6.58 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Friday, August 18th will be paid a dividend of $0.70 per share. This is a boost from United Technologies Corporation’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.40%. United Technologies Corporation’s dividend payout ratio is currently 40.24%.

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A number of research firms have issued reports on UTX. Zacks Investment Research cut shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Cowen and Company reiterated a “buy” rating and issued a $127.00 target price on shares of United Technologies Corporation in a research note on Tuesday, July 25th. BidaskClub cut shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Morgan Stanley reiterated an “overweight” rating and issued a $138.00 target price (up from $132.00) on shares of United Technologies Corporation in a research note on Monday, July 10th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $125.00 target price on shares of United Technologies Corporation in a research note on Friday, July 7th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $123.54.

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. Otis operates as an elevator and escalator manufacturing, installation and service company.

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

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