Congress Asset Management Co. MA maintained its position in United Technologies Co. (NYSE:UTX) during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,765 shares of the conglomerate’s stock at the end of the second quarter. Congress Asset Management Co. MA’s holdings in United Technologies were worth $826,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Gardiner Nancy B lifted its holdings in shares of United Technologies by 7.8% in the second quarter. Gardiner Nancy B now owns 11,266 shares of the conglomerate’s stock valued at $1,376,000 after purchasing an additional 820 shares in the last quarter. OLD Point Trust & Financial Services N A lifted its holdings in shares of United Technologies by 50.2% in the second quarter. OLD Point Trust & Financial Services N A now owns 5,520 shares of the conglomerate’s stock valued at $674,000 after purchasing an additional 1,846 shares in the last quarter. Moody Lynn & Lieberson LLC lifted its holdings in shares of United Technologies by 6.0% in the second quarter. Moody Lynn & Lieberson LLC now owns 110,237 shares of the conglomerate’s stock valued at $13,461,000 after purchasing an additional 6,229 shares in the last quarter. Montecito Bank & Trust lifted its holdings in shares of United Technologies by 2.1% in the second quarter. Montecito Bank & Trust now owns 4,941 shares of the conglomerate’s stock valued at $603,000 after purchasing an additional 103 shares in the last quarter. Finally, Lederer & Associates Investment Counsel CA lifted its holdings in shares of United Technologies by 2.8% in the second quarter. Lederer & Associates Investment Counsel CA now owns 16,225 shares of the conglomerate’s stock valued at $1,981,000 after purchasing an additional 440 shares in the last quarter. Institutional investors own 78.79% of the company’s stock.

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A number of research analysts have recently weighed in on UTX shares. Zacks Investment Research lowered United Technologies from a “buy” rating to a “hold” rating in a report on Thursday, May 25th. Jefferies Group LLC reiterated a “buy” rating on shares of United Technologies in a report on Wednesday, May 31st. Royal Bank Of Canada reiterated a “hold” rating and set a $125.00 price target on shares of United Technologies in a report on Friday, June 2nd. HSBC Holdings plc started coverage on United Technologies in a report on Monday, June 12th. They set a “hold” rating and a $125.00 price target on the stock. Finally, Morgan Stanley reiterated an “overweight” rating and set a $132.00 price target (up from $128.00) on shares of United Technologies in a report on Thursday, June 22nd. Sixteen 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 an average target price of $124.48.

Shares of United Technologies Co. (NYSE UTX) opened at 114.50 on Friday. The firm has a 50-day moving average price of $115.56 and a 200-day moving average price of $117.60. The stock has a market capitalization of $91.46 billion, a P/E ratio of 17.44 and a beta of 1.05. United Technologies Co. has a 52-week low of $97.62 and a 52-week high of $124.79.

United Technologies (NYSE:UTX) last released its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, beating the consensus estimate 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 had a return on equity of 20.60% and a net margin of 10.03%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 EPS. On average, analysts predict that United Technologies Co. will post $6.57 EPS for the current year.

About United Technologies

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 (NYSE:UTX)

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