Intellectus Partners LLC raised its position in United Technologies Corporation (NYSE:UTX) by 10.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,803 shares of the conglomerate’s stock after buying an additional 435 shares during the period. Intellectus Partners LLC’s holdings in United Technologies Corporation were worth $539,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Riggs Asset Managment Co. Inc. increased its stake in shares of 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 buying an additional 125 shares during the period. Alexandria Capital LLC increased its stake in shares of United Technologies Corporation by 0.4% in 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 period. Paragon Capital Management Ltd purchased a new stake in shares of United Technologies Corporation during the first quarter worth approximately $139,000. Thompson Davis & CO. Inc. increased its stake in shares of United Technologies Corporation by 22.9% in 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 period. Finally, MCF Advisors LLC increased its stake in shares of United Technologies Corporation by 22.4% in the first quarter. MCF Advisors LLC now owns 1,550 shares of the conglomerate’s stock worth $174,000 after buying an additional 284 shares during the period. Institutional investors own 78.85% of the company’s stock.

United Technologies Corporation (UTX) traded down 0.640% during mid-day trading on Thursday, reaching $118.835. 1,165,402 shares of the company traded hands. The stock has a 50 day moving average price of $119.55 and a 200-day moving average price of $117.36. The company has a market capitalization of $94.92 billion, a P/E ratio of 18.101 and a beta of 1.06. United Technologies Corporation has a 52-week low of $97.62 and a 52-week high of $124.79. United Technologies Corporation also was the target of unusually large options trading on Tuesday. Traders acquired 9,806 call options on the company. This is an increase of 461% compared to the average volume of 1,748 call options.

United Technologies Corporation (NYSE:UTX) last posted its earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 18.07% and a net margin of 9.15%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.82 EPS. Analysts expect that United Technologies Corporation will post $6.58 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Friday, August 18th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 16th. This is a positive change from United Technologies Corporation’s previous quarterly dividend of $0.66. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.34%. United Technologies Corporation’s payout ratio is presently 42.68%.

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A number of equities research analysts have recently commented on the stock. BidaskClub upgraded shares of United Technologies Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Royal Bank Of Canada restated a “hold” rating and issued a $125.00 target price on shares of United Technologies Corporation in a report on Friday, June 2nd. Sanford C. Bernstein restated a “market perform” rating and issued a $135.00 target price (up from $130.00) on shares of United Technologies Corporation in a report on Friday, July 21st. Zacks Investment Research upgraded shares of United Technologies Corporation from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a report on Monday, June 5th. Finally, Credit Suisse Group restated a “buy” rating and issued a $136.00 target price on shares of United Technologies Corporation in a report on Wednesday, July 26th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $123.95.

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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