Oakbrook Investments LLC reduced its stake in shares of United Technologies Corporation (NYSE:UTX) by 43.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 36,113 shares of the conglomerate’s stock after selling 28,200 shares during the period. Oakbrook Investments LLC’s holdings in United Technologies Corporation were worth $4,410,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of UTX. Gradient Investments LLC boosted its stake in shares of United Technologies Corporation by 3.4% in the second quarter. Gradient Investments LLC now owns 57,814 shares of the conglomerate’s stock valued at $7,060,000 after buying an additional 1,915 shares during the last quarter. Prospera Financial Services Inc boosted its stake in shares of United Technologies Corporation by 26.9% in the second quarter. Prospera Financial Services Inc now owns 7,324 shares of the conglomerate’s stock valued at $893,000 after buying an additional 1,552 shares during the last quarter. Highland Capital Management LLC boosted its stake in shares of United Technologies Corporation by 1.8% in the second quarter. Highland Capital Management LLC now owns 97,779 shares of the conglomerate’s stock valued at $11,940,000 after buying an additional 1,722 shares during the last quarter. BTIM Corp. boosted its stake in shares of United Technologies Corporation by 11.2% in the second quarter. BTIM Corp. now owns 15,231 shares of the conglomerate’s stock valued at $1,860,000 after buying an additional 1,530 shares during the last quarter. Finally, Tesco Pension Investment Ltd boosted its stake in shares of United Technologies Corporation by 27.6% in the second quarter. Tesco Pension Investment Ltd now owns 1,146,382 shares of the conglomerate’s stock valued at $139,985,000 after buying an additional 248,221 shares during the last quarter. 78.69% of the stock is owned by institutional investors.

Shares of United Technologies Corporation (NYSE UTX) traded down 0.92% on Tuesday, reaching $116.07. The company’s stock had a trading volume of 771,477 shares. The company’s 50 day moving average price is $121.04 and its 200 day moving average price is $117.04. The company has a market cap of $92.71 billion, a P/E ratio of 17.68 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.

United Technologies Corporation (NYSE:UTX) last announced its quarterly earnings results 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. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The company had revenue of $15.28 billion for the quarter, compared to the consensus estimate of $15.24 billion. During the same quarter in the previous year, the business earned $1.82 EPS. United Technologies Corporation’s revenue was up 2.7% compared to the same quarter last year. Analysts forecast that United Technologies Corporation will post $6.58 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Friday, August 18th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Wednesday, August 16th. This is an increase from United Technologies Corporation’s previous quarterly dividend of $0.66. United Technologies Corporation’s payout ratio is currently 40.24%.

COPYRIGHT VIOLATION NOTICE: “Oakbrook Investments LLC Sells 28,200 Shares of United Technologies Corporation (UTX)” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.watchlistnews.com/oakbrook-investments-llc-sells-28200-shares-of-united-technologies-corporation-utx/1491898.html.

Several brokerages have recently weighed in on UTX. Royal Bank Of Canada reissued a “hold” rating and issued a $125.00 price target on shares of United Technologies Corporation in a research note on Sunday. BidaskClub raised United Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. 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. Finally, 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. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $123.54.

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.

Want to see what other hedge funds are holding UTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Technologies Corporation (NYSE:UTX).

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

Receive News & Ratings for United Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Technologies Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.