Sii Investments Inc. WI lowered its stake in shares of United Technologies Corporation (NYSE:UTX) by 0.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,895 shares of the conglomerate’s stock after selling 117 shares during the period. Sii Investments Inc. WI’s holdings in United Technologies Corporation were worth $3,787,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Swiss National Bank raised its position in shares of United Technologies Corporation by 25.2% in the first quarter. Swiss National Bank now owns 2,771,721 shares of the conglomerate’s stock valued at $311,015,000 after buying an additional 557,300 shares in the last quarter. American Century Companies Inc. raised its position in shares of United Technologies Corporation by 15.8% in the first quarter. American Century Companies Inc. now owns 3,430,061 shares of the conglomerate’s stock valued at $384,887,000 after buying an additional 468,515 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of United Technologies Corporation during the first quarter valued at $40,211,000. UBS Asset Management Americas Inc. raised its position in shares of United Technologies Corporation by 11.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,858,758 shares of the conglomerate’s stock valued at $320,781,000 after buying an additional 301,484 shares in the last quarter. Finally, Thomaspartners Inc. raised its position in shares of United Technologies Corporation by 9.1% in the first quarter. Thomaspartners Inc. now owns 2,401,311 shares of the conglomerate’s stock valued at $269,451,000 after buying an additional 200,659 shares in the last quarter. Hedge funds and other institutional investors own 78.81% of the company’s stock.

Shares of United Technologies Corporation (NYSE UTX) traded up 0.11% during midday trading on Friday, reaching $116.89. 2,090,943 shares of the company’s stock were exchanged. The stock has a market capitalization of $93.37 billion, a P/E ratio of 17.81 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 firm has a 50-day moving average of $121.18 and a 200-day moving average of $116.91.

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

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Friday, August 18th will be given a dividend of $0.70 per share. This is a positive change from United Technologies Corporation’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.40%. United Technologies Corporation’s dividend payout ratio is currently 40.24%.

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UTX has been the topic of several research reports. Royal Bank Of Canada upped their price objective on shares of United Technologies Corporation from $118.00 to $125.00 and gave the company a “sector perform” rating in a report on Thursday, April 27th. Zacks Investment Research lowered shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Credit Suisse Group reiterated a “buy” rating and set a $136.00 price objective on shares of United Technologies Corporation in a report on Wednesday, July 26th. Morgan Stanley upped their price objective on shares of United Technologies Corporation from $120.00 to $123.00 and gave the company an “overweight” rating in a report on Friday, April 28th. Finally, BidaskClub lowered shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. United Technologies Corporation 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.

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

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