Ledyard National Bank grew its stake in United Technologies Corporation (NYSE:UTX) by 6.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,390 shares of the conglomerate’s stock after buying an additional 1,435 shares during the period. Ledyard National Bank’s holdings in United Technologies Corporation were worth $3,101,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Alexandria Capital LLC grew its stake in United Technologies Corporation by 0.4% in the 1st quarter. Alexandria Capital LLC now owns 1,075 shares of the conglomerate’s stock worth $121,000 after buying an additional 4 shares in the last quarter. TCI Wealth Advisors Inc. grew its stake in United Technologies Corporation by 0.3% in the 1st quarter. TCI Wealth Advisors Inc. now owns 2,501 shares of the conglomerate’s stock worth $281,000 after buying an additional 7 shares in the last quarter. Jackson Grant Investment Advisers Inc. grew its stake in United Technologies Corporation by 0.5% in the 1st quarter. Jackson Grant Investment Advisers Inc. now owns 1,780 shares of the conglomerate’s stock worth $200,000 after buying an additional 9 shares in the last quarter. Kissinger Financial Services LLC grew its stake in United Technologies Corporation by 0.5% in the 2nd quarter. Kissinger Financial Services LLC now owns 2,095 shares of the conglomerate’s stock worth $256,000 after buying an additional 11 shares in the last quarter. Finally, Hudock Capital Group LLC grew its stake in United Technologies Corporation by 0.5% in the 1st quarter. Hudock Capital Group LLC now owns 3,690 shares of the conglomerate’s stock worth $414,000 after buying an additional 17 shares in the last quarter. 78.79% of the stock is owned by institutional investors and hedge funds.

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A number of equities analysts have commented on UTX shares. Jefferies Group LLC reissued a “buy” rating on shares of United Technologies Corporation in a research note on Thursday, July 27th. Credit Suisse Group reissued a “buy” rating and issued a $136.00 price target on shares of United Technologies Corporation in a research note on Wednesday, July 26th. Cowen and Company reissued a “buy” rating and issued a $127.00 price target on shares of United Technologies Corporation in a research note on Tuesday, July 25th. BidaskClub raised shares of United Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Finally, UBS AG upped their price objective on shares of United Technologies Corporation to $135.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Fifteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $123.84.

Shares of United Technologies Corporation (UTX) traded up 0.344% during midday trading on Thursday, reaching $118.035. 1,246,740 shares of the company’s stock traded hands. The company has a market capitalization of $94.28 billion, a price-to-earnings ratio of 17.979 and a beta of 1.05. The company has a 50-day moving average of $114.76 and a 200-day moving average of $117.84. United Technologies Corporation has a one year low of $97.62 and a one year high of $124.79.

United Technologies Corporation (NYSE:UTX) last posted its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, topping the consensus estimate of $1.78 by $0.07. The company had revenue of $15.28 billion during 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.82 earnings per share. Equities research analysts anticipate that United Technologies Corporation will post $6.57 EPS for the current year.

United Technologies Corporation 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.

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

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