Mn Services Vermogensbeheer B.V. raised its holdings in United Technologies Corporation (NYSE:UTX) by 500.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 125,207 shares of the conglomerate’s stock after acquiring an additional 104,340 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in United Technologies Corporation were worth $15,289,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of UTX. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in shares of United Technologies Corporation by 1.9% during the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,715 shares of the conglomerate’s stock worth $332,000 after purchasing an additional 50 shares during the period. Woodstock Corp boosted its holdings in shares of United Technologies Corporation by 1.4% during the second quarter. Woodstock Corp now owns 86,489 shares of the conglomerate’s stock worth $10,561,000 after purchasing an additional 1,215 shares during the last quarter. Liberty Capital Management Inc. boosted its holdings in shares of United Technologies Corporation by 16.9% during the second quarter. Liberty Capital Management Inc. now owns 23,409 shares of the conglomerate’s stock worth $2,892,000 after purchasing an additional 3,385 shares during the last quarter. Buffington Mohr McNeal boosted its holdings in shares of United Technologies Corporation by 1.8% during the second quarter. Buffington Mohr McNeal now owns 7,459 shares of the conglomerate’s stock worth $911,000 after purchasing an additional 129 shares during the last quarter. Finally, St. Johns Investment Management Company LLC boosted its holdings in shares of United Technologies Corporation by 1.7% during the second quarter. St. Johns Investment Management Company LLC now owns 7,084 shares of the conglomerate’s stock worth $865,000 after purchasing an additional 121 shares during the last quarter. Institutional investors own 78.79% of the company’s stock.

Several research firms recently weighed in on UTX. BidaskClub upgraded United Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Sanford C. Bernstein restated a “market perform” rating and issued a $135.00 price target (up previously from $130.00) on shares of United Technologies Corporation in a report on Friday, July 21st. Vertical Research cut United Technologies Corporation from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a report on Tuesday, September 5th. Deutsche Bank AG dropped their price objective on shares of United Technologies Corporation from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Wednesday, September 6th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $136.00 price objective on shares of United Technologies Corporation in a research note on Wednesday, July 26th. Fifteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $124.48.

Shares of United Technologies Corporation (NYSE:UTX) traded up 0.06% during midday trading on Wednesday, hitting $117.78. The stock had a trading volume of 1,192,239 shares. The firm has a 50-day moving average price of $114.71 and a 200-day moving average price of $117.84. United Technologies Corporation has a 1-year low of $97.62 and a 1-year high of $124.79. The firm has a market cap of $94.08 billion, a price-to-earnings ratio of 17.94 and a beta of 1.05.

United Technologies Corporation (NYSE:UTX) last announced its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.07. The company had revenue of $15.28 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.82 EPS. On average, equities analysts anticipate that United Technologies Corporation will post $6.57 EPS for the current fiscal year.

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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.

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

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