Chesley Taft & Associates LLC lowered its holdings in shares of United Technologies Corporation (NYSE:UTX) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,234 shares of the conglomerate’s stock after selling 57 shares during the quarter. Chesley Taft & Associates LLC’s holdings in United Technologies Corporation were worth $883,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in UTX. Riggs Asset Managment Co. Inc. boosted its holdings in United Technologies Corporation by 14.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock worth $112,000 after purchasing an additional 125 shares in the last quarter. Alexandria Capital LLC increased its position in United Technologies Corporation by 0.4% during the first quarter. Alexandria Capital LLC now owns 1,075 shares of the conglomerate’s stock worth $121,000 after buying an additional 4 shares during the last quarter. Paragon Capital Management Ltd acquired a new position in United Technologies Corporation during the first quarter worth $139,000. Thompson Davis & CO. Inc. increased its position in United Technologies Corporation by 22.9% during the first quarter. Thompson Davis & CO. Inc. now owns 1,338 shares of the conglomerate’s stock worth $150,000 after buying an additional 249 shares during the last quarter. Finally, Proficio Capital Partners LLC increased 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 worth $158,000 after buying an additional 386 shares during the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

United Technologies Corporation (NYSE:UTX) traded up 0.65% during mid-day trading on Monday, reaching $116.84. 795,816 shares of the company were exchanged. United Technologies Corporation has a 12-month low of $97.62 and a 12-month high of $124.79. The stock has a market capitalization of $93.33 billion, a price-to-earnings ratio of 17.80 and a beta of 1.05. The company’s 50 day moving average price is $115.56 and its 200-day moving average price is $117.60.

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

UTX has been the subject of several recent analyst reports. Zacks Investment Research upgraded United Technologies Corporation from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a research note on Monday, June 5th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $135.00 target price (up from $130.00) on shares of United Technologies Corporation in a research note on Friday, July 21st. BidaskClub raised United Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. HSBC Holdings plc began coverage on United Technologies Corporation in a research report on Monday, June 12th. They issued a “hold” rating and a $125.00 price target on the stock. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $126.00 price objective on shares of United Technologies Corporation in a research note on Friday, July 7th. Fifteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. United Technologies Corporation currently has a consensus rating of “Hold” and a consensus target price of $124.48.

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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.

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

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