Chevy Chase Trust Holdings Inc. decreased its holdings in shares of United Technologies Corporation (NYSE:UTX) by 0.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 659,770 shares of the conglomerate’s stock after selling 4,256 shares during the quarter. Chevy Chase Trust Holdings Inc. owned approximately 0.08% of United Technologies Corporation worth $80,564,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fisher Asset Management LLC increased its stake in United Technologies Corporation by 1.3% in the 1st quarter. Fisher Asset Management LLC now owns 8,535,397 shares of the conglomerate’s stock valued at $957,757,000 after buying an additional 106,552 shares during the last quarter. Boston Partners lifted its position in United Technologies Corporation by 3.0% during the 1st quarter. Boston Partners now owns 5,385,002 shares of the conglomerate’s stock worth $604,251,000 after buying an additional 158,696 shares in the last quarter. Legal & General Group Plc lifted its position in United Technologies Corporation by 3.6% during the 1st quarter. Legal & General Group Plc now owns 3,682,243 shares of the conglomerate’s stock worth $413,192,000 after buying an additional 128,123 shares in the last quarter. Ameriprise Financial Inc. lifted its position in United Technologies Corporation by 3.7% during the 1st quarter. Ameriprise Financial Inc. now owns 3,544,737 shares of the conglomerate’s stock worth $397,774,000 after buying an additional 125,003 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in United Technologies Corporation by 15.8% during the 1st quarter. American Century Companies Inc. now owns 3,430,061 shares of the conglomerate’s stock worth $384,887,000 after buying an additional 468,515 shares in the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

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A number of analysts recently issued reports on the company. BidaskClub raised United Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Sanford C. Bernstein reissued a “market perform” rating and set a $135.00 price target (up from $130.00) on shares of United Technologies Corporation in a research report on Friday, July 21st. Zacks Investment Research raised United Technologies Corporation from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a research report on Monday, June 5th. Vertical Research downgraded United Technologies Corporation from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research note on Tuesday, September 5th. Finally, Deutsche Bank AG decreased their price target on United Technologies Corporation from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Wednesday, September 6th. Fifteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $124.48.

Shares of United Technologies Corporation (NYSE:UTX) traded up 0.65% during midday trading on Monday, hitting $116.84. The stock had a trading volume of 795,816 shares. United Technologies Corporation has a 52 week low of $97.62 and a 52 week high of $124.79. The stock’s 50-day moving average price is $115.56 and its 200 day moving average price is $117.60. The company has a market cap of $93.33 billion, a price-to-earnings ratio of 17.80 and a beta of 1.05.

United Technologies Corporation (NYSE:UTX) last released its earnings results on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.07. The company 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 business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.82 EPS. On average, equities analysts forecast that United Technologies Corporation will post $6.57 earnings per share for the current year.

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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