Marshwinds Advisory Co. continued to hold its position in shares of United Technologies Corporation (NYSE:UTX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,775 shares of the conglomerate’s stock at the close of the second quarter. Marshwinds Advisory Co.’s holdings in United Technologies Corporation were worth $583,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. grew 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 valued at $112,000 after buying an additional 125 shares in the last quarter. Alexandria Capital LLC grew 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 valued at $121,000 after buying an additional 4 shares in the last quarter. Paragon Capital Management Ltd bought a new position in shares of United Technologies Corporation in the first quarter valued at $139,000. Thompson Davis & CO. Inc. grew 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 valued at $150,000 after buying an additional 249 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its stake in shares of United Technologies Corporation by 42.3% in the first quarter. Proficio Capital Partners LLC now owns 1,298 shares of the conglomerate’s stock valued at $158,000 after buying an additional 386 shares in the last quarter. 78.79% of the stock is owned by institutional investors and hedge funds.

United Technologies Corporation (NYSE:UTX) traded down 1.0188% on Monday, reaching $113.8383. The company had a trading volume of 1,326,310 shares. The stock’s 50-day moving average price is $115.56 and its 200-day moving average price is $117.60. United Technologies Corporation has a 12-month low of $97.62 and a 12-month high of $124.79. The stock has a market capitalization of $90.93 billion, a P/E ratio of 17.3402 and a beta of 1.05.

United Technologies Corporation (NYSE:UTX) last issued its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) 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 analysts’ expectations 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 in the prior year, the firm posted $1.82 EPS. On average, equities research analysts anticipate that United Technologies Corporation will post $6.57 EPS for the current fiscal year.

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UTX has been the subject of several analyst reports. BidaskClub raised shares of United Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Zacks Investment Research raised 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 research note on Friday, June 23rd. Jefferies Group LLC reissued a “buy” rating on shares of United Technologies Corporation in a research note on Wednesday, May 31st. UBS AG raised their target price on shares of United Technologies Corporation to $135.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Finally, Cowen and Company reissued a “buy” rating and issued a $127.00 target price on shares of United Technologies Corporation in a research note on Tuesday, July 25th. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $124.48.

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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