Cambridge Trust Co. cut its holdings in shares of United Technologies Corporation (NYSE:UTX) by 37.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,244 shares of the conglomerate’s stock after selling 8,518 shares during the period. Cambridge Trust Co.’s holdings in United Technologies Corporation were worth $1,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Riggs Asset Managment Co. Inc. lifted its position in United Technologies Corporation by 14.3% during the first quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock valued at $112,000 after purchasing an additional 125 shares during the period. Winfield Associates Inc. lifted its position in United Technologies Corporation by 2.9% during the second quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock valued at $126,000 after purchasing an additional 29 shares during the period. Alexandria Capital LLC lifted its position in United Technologies Corporation by 0.3% during the second quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock valued at $132,000 after purchasing an additional 3 shares during the period. Exane Derivatives acquired a new position in United Technologies Corporation during the second quarter valued at $141,000. Finally, Proficio Capital Partners LLC lifted its position in United Technologies Corporation by 42.3% during the first quarter. Proficio Capital Partners LLC now owns 1,298 shares of the conglomerate’s stock valued at $158,000 after purchasing an additional 386 shares during the period. Institutional investors own 78.78% of the company’s stock.

A number of research firms recently issued reports on UTX. Zacks Investment Research downgraded shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Cowen and Company restated a “buy” rating and set a $127.00 target price on shares of United Technologies Corporation in a research report on Tuesday, July 25th. BidaskClub downgraded shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Morgan Stanley restated an “overweight” rating and set a $138.00 target price (up from $132.00) on shares of United Technologies Corporation in a research report on Monday, July 10th. Finally, UBS AG boosted their target price on shares of United Technologies Corporation to $135.00 and gave the company a “buy” rating in a research report on Monday, July 10th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company. United Technologies Corporation has a consensus rating of “Hold” and an average price target of $125.27.

Shares of United Technologies Corporation (NYSE UTX) opened at 119.01 on Tuesday. United Technologies Corporation has a 1-year low of $97.62 and a 1-year high of $124.79. The stock has a market cap of $95.06 billion, a PE ratio of 18.13 and a beta of 1.05. The stock’s 50 day moving average is $115.21 and its 200-day moving average is $118.19.

United Technologies Corporation (NYSE:UTX) last announced its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.07. United Technologies Corporation had a net margin of 9.15% and a return on equity of 18.07%. The firm had revenue of $15.28 billion during the quarter, compared to analysts’ expectations of $15.24 billion. During the same quarter last year, the business earned $1.82 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts predict that United Technologies Corporation will post $6.57 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Friday, November 17th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Thursday, November 16th. United Technologies Corporation’s dividend payout ratio (DPR) is 42.68%.

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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. 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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