LVM Capital Management Ltd. MI lowered its holdings in United Technologies Corporation (NYSE:UTX) by 12.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,316 shares of the conglomerate’s stock after selling 334 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in United Technologies Corporation were worth $283,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Riggs Asset Managment Co. Inc. grew its position in United Technologies Corporation by 14.3% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock valued at $112,000 after purchasing an additional 125 shares during the period. Alexandria Capital LLC grew its position in United Technologies Corporation by 0.4% in the 1st quarter. Alexandria Capital LLC now owns 1,075 shares of the conglomerate’s stock valued at $121,000 after purchasing an additional 4 shares during the period. Paragon Capital Management Ltd acquired a new stake in United Technologies Corporation in the 1st quarter valued at $139,000. Thompson Davis & CO. Inc. grew its position in United Technologies Corporation by 22.9% in the 1st quarter. Thompson Davis & CO. Inc. now owns 1,338 shares of the conglomerate’s stock valued at $150,000 after purchasing an additional 249 shares during the period. Finally, Proficio Capital Partners LLC grew its position in United Technologies Corporation by 42.3% in the 1st quarter. Proficio Capital Partners LLC now owns 1,298 shares of the conglomerate’s stock valued at $158,000 after purchasing an additional 386 shares during the period. 78.79% of the stock is owned by institutional investors and hedge funds.

Shares of United Technologies Corporation (UTX) traded up 0.53% on Thursday, hitting $118.25. The stock had a trading volume of 1,291,522 shares. The firm has a 50-day moving average price of $114.76 and a 200-day moving average price of $117.84. The stock has a market capitalization of $94.45 billion, a P/E ratio of 18.01 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.

United Technologies Corporation (NYSE:UTX) last issued its earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.07. The company had revenue of $15.28 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $1.82 EPS. Equities analysts expect that United Technologies Corporation will post $6.57 earnings per share for the current fiscal year.

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Several research firms recently issued reports on UTX. BidaskClub downgraded shares of United Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $125.00 price objective on shares of United Technologies Corporation in a report on Sunday, August 13th. Stifel Nicolaus reaffirmed a “hold” rating and set a $126.00 price objective on shares of United Technologies Corporation in a report on Friday, July 7th. Zacks Investment Research downgraded shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of United Technologies Corporation in a report on Thursday, July 27th. Fifteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. United Technologies Corporation presently has an average rating of “Hold” and a consensus target price of $123.84.

United Technologies Corporation Company 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.

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

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