Proffitt & Goodson Inc. decreased its holdings in shares of United Technologies Corporation (NYSE:UTX) by 17.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,751 shares of the conglomerate’s stock after selling 2,047 shares during the quarter. Proffitt & Goodson Inc.’s holdings in United Technologies Corporation were worth $1,191,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Alexandria Capital LLC boosted its holdings in United Technologies Corporation by 0.3% during the second quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock worth $132,000 after purchasing an additional 3 shares during the last quarter. TCI Wealth Advisors Inc. boosted its holdings in United Technologies Corporation by 0.3% during the first quarter. TCI Wealth Advisors Inc. now owns 2,501 shares of the conglomerate’s stock worth $281,000 after purchasing an additional 7 shares during the last quarter. Kissinger Financial Services LLC boosted its holdings in United Technologies Corporation by 0.5% during the second quarter. Kissinger Financial Services LLC now owns 2,095 shares of the conglomerate’s stock worth $256,000 after purchasing an additional 11 shares during the last quarter. Baystate Wealth Management LLC boosted its holdings in United Technologies Corporation by 0.5% during the second quarter. Baystate Wealth Management LLC now owns 2,262 shares of the conglomerate’s stock worth $279,000 after purchasing an additional 11 shares during the last quarter. Finally, Vigilant Capital Management LLC boosted its holdings in United Technologies Corporation by 0.7% during the second quarter. Vigilant Capital Management LLC now owns 1,891 shares of the conglomerate’s stock worth $231,000 after purchasing an additional 14 shares during the last quarter. Institutional investors and hedge funds own 78.81% of the company’s stock.

Several brokerages recently commented on UTX. Sanford C. Bernstein restated a “market perform” rating and set a $135.00 target price (up previously from $130.00) on shares of United Technologies Corporation in a report on Friday, July 21st. Zacks Investment Research upgraded shares of United Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Cowen and Company reiterated a “hold” rating and issued a $120.00 price target on shares of United Technologies Corporation in a research note on Friday. BidaskClub upgraded shares of United Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Finally, Vertical Research cut shares of United Technologies Corporation from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research note on Tuesday, September 5th. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $125.15.

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United Technologies Corporation (NYSE UTX) opened at $118.11 on Friday. United Technologies Corporation has a 1 year low of $106.21 and a 1 year high of $124.79. The firm has a market cap of $94,526.73, a PE ratio of 17.88, a PEG ratio of 2.13 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91.

United Technologies Corporation (NYSE:UTX) last released its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. United Technologies Corporation had a net margin of 8.79% and a return on equity of 17.66%. The business had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same period last year, the firm earned $1.76 earnings per share. United Technologies Corporation’s revenue for the quarter was up 4.9% compared to the same quarter last year. sell-side analysts predict that United Technologies Corporation will post 6.61 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Friday, November 17th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Thursday, November 16th. United Technologies Corporation’s dividend payout ratio is 43.41%.

In related news, EVP Michael R. Dumais sold 2,986 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $120.98, for a total transaction of $361,246.28. Following the transaction, the executive vice president now directly owns 27,548 shares of the company’s stock, valued at $3,332,757.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.16% of the stock is currently owned by company insiders.

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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