Edmp Inc. cut its holdings in United Technologies Corporation (NYSE:UTX) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,037 shares of the conglomerate’s stock after selling 910 shares during the period. United Technologies Corporation comprises about 3.6% of Edmp Inc.’s holdings, making the stock its 9th largest position. Edmp Inc.’s holdings in United Technologies Corporation were worth $3,912,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Franklin Street Advisors Inc. NC grew its stake in United Technologies Corporation by 1.1% during the 2nd quarter. Franklin Street Advisors Inc. NC now owns 75,683 shares of the conglomerate’s stock worth $9,242,000 after buying an additional 860 shares during the last quarter. Somerset Trust Co grew its stake in shares of United Technologies Corporation by 11.6% in the 2nd quarter. Somerset Trust Co now owns 38,057 shares of the conglomerate’s stock valued at $4,647,000 after purchasing an additional 3,970 shares during the last quarter. Renaissance Investment Group LLC increased its holdings in shares of United Technologies Corporation by 5.6% in the second quarter. Renaissance Investment Group LLC now owns 6,335 shares of the conglomerate’s stock valued at $773,000 after purchasing an additional 335 shares during the period. National Pension Service increased its holdings in shares of United Technologies Corporation by 9.3% in the second quarter. National Pension Service now owns 594,187 shares of the conglomerate’s stock valued at $72,283,000 after purchasing an additional 50,454 shares during the period. Finally, State of Alaska Department of Revenue increased its holdings in shares of United Technologies Corporation by 6.5% in the second quarter. State of Alaska Department of Revenue now owns 2,304 shares of the conglomerate’s stock valued at $281,000 after purchasing an additional 140 shares during the period. Institutional investors own 78.79% of the company’s stock.

A number of research analysts have recently issued reports on UTX shares. Zacks Investment Research upgraded shares of United Technologies Corporation from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a research note on Monday, June 5th. HSBC Holdings plc began coverage on United Technologies Corporation in a research note on Monday, June 12th. They issued a “hold” rating and a $125.00 price objective for the company. Morgan Stanley restated an “overweight” rating and issued a $132.00 price target (up previously from $128.00) on shares of United Technologies Corporation in a research report on Thursday, June 22nd. BidaskClub upgraded shares of United Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $125.00 price objective on shares of United Technologies Corporation in a research report on Friday, July 7th. Fifteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $124.48.

United Technologies Corporation (UTX) traded up 0.089% during mid-day trading on Tuesday, hitting $117.685. The stock had a trading volume of 1,018,901 shares. The company has a market capitalization of $94.00 billion, a P/E ratio of 17.926 and a beta of 1.05. 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 is $114.70 and its 200 day moving average is $117.81.

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

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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.

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

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