MEMBERS Trust Co bought a new stake in shares of United Technologies Corporation (NYSE:UTX) during the first quarter, Holdings Channel reports. The firm bought 4,952 shares of the conglomerate’s stock, valued at approximately $556,000.

Several other hedge funds and other institutional investors have also modified their holdings of UTX. Riggs Asset Managment Co. Inc. raised its position 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 during the period. Alexandria Capital LLC raised its position 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 during the period. Paragon Capital Management Ltd acquired a new position in shares of United Technologies Corporation during the first quarter valued at about $139,000. Thompson Davis & CO. Inc. raised its position 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 during the period. Finally, MCF Advisors LLC raised its position 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 valued at $174,000 after buying an additional 284 shares during the period. 78.81% of the stock is currently owned by institutional investors.

Shares of United Technologies Corporation (NYSE UTX) traded up 0.59% during mid-day trading on Friday, reaching $117.45. 619,394 shares of the company’s stock traded hands. The company has a market cap of $93.82 billion, a price-to-earnings ratio of 17.89 and a beta of 1.06. United Technologies Corporation has a 12 month low of $97.62 and a 12 month high of $124.79. The company has a 50 day moving average of $121.33 and a 200 day moving average of $116.86.

United Technologies Corporation (NYSE:UTX) last announced its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. The firm had revenue of $15.28 billion during 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 business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 EPS. Analysts expect that United Technologies Corporation will post $6.58 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Friday, August 18th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Wednesday, August 16th. This is an increase from United Technologies Corporation’s previous quarterly dividend of $0.66. United Technologies Corporation’s dividend payout ratio is 40.24%.

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UTX has been the topic of a number of analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $132.00 price target (up from $126.00) on shares of United Technologies Corporation in a research report on Thursday, April 27th. Zacks Investment Research upgraded shares of United Technologies Corporation from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research report on Tuesday, May 16th. BidaskClub upgraded shares of United Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. UBS AG increased their price target on shares of United Technologies Corporation to $135.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Finally, Cowen and Company reiterated a “buy” rating and issued a $127.00 price target on shares of United Technologies Corporation in a research report on Tuesday, July 25th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. United Technologies Corporation currently has a consensus rating of “Hold” and a consensus target price of $123.54.

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.

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

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