Strs Ohio lessened its position in United Technologies Corporation (NYSE:UTX) by 8.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 415,598 shares of the conglomerate’s stock after selling 36,061 shares during the period. Strs Ohio owned approximately 0.05% of United Technologies Corporation worth $50,748,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Alexandria Capital LLC grew its stake in 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 acquiring an additional 4 shares during the period. TCI Wealth Advisors Inc. grew its stake in United Technologies Corporation by 0.3% in the first quarter. TCI Wealth Advisors Inc. now owns 2,501 shares of the conglomerate’s stock valued at $281,000 after acquiring an additional 7 shares during the period. Jackson Grant Investment Advisers Inc. grew its stake in United Technologies Corporation by 0.5% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,780 shares of the conglomerate’s stock valued at $200,000 after acquiring an additional 9 shares during the period. Kissinger Financial Services LLC grew its stake in United Technologies Corporation by 0.5% in the second quarter. Kissinger Financial Services LLC now owns 2,095 shares of the conglomerate’s stock valued at $256,000 after acquiring an additional 11 shares during the period. Finally, Baystate Wealth Management LLC grew its stake in United Technologies Corporation by 0.5% in the second quarter. Baystate Wealth Management LLC now owns 2,262 shares of the conglomerate’s stock valued at $279,000 after acquiring an additional 11 shares during the period. 78.79% of the stock is owned by hedge funds and other institutional investors.

Shares of United Technologies Corporation (UTX) opened at 115.01 on Friday. The firm has a 50 day moving average price of $115.56 and a 200 day moving average price of $117.60. United Technologies Corporation has a 52 week low of $97.62 and a 52 week high of $124.79. The company has a market capitalization of $91.87 billion, a price-to-earnings ratio of 17.52 and a beta of 1.05.

United Technologies Corporation (NYSE:UTX) last issued its earnings results on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, beating the consensus estimate 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 business had revenue of $15.28 billion for the quarter, compared to the consensus estimate of $15.24 billion. During the same period last year, the business posted $1.82 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. Equities analysts forecast that United Technologies Corporation will post $6.57 EPS for the current year.

Several research analysts recently issued reports on UTX shares. Zacks Investment Research cut United Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Cowen and Company reaffirmed a “buy” rating and set a $127.00 target price on shares of United Technologies Corporation in a research report on Tuesday, July 25th. BidaskClub cut United Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Morgan Stanley reaffirmed an “overweight” rating and set a $138.00 target price (up previously from $132.00) on shares of United Technologies Corporation in a research report on Monday, July 10th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $126.00 target price on shares of United Technologies Corporation in a research report on Friday, July 7th. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. United Technologies Corporation currently has a consensus rating of “Hold” and an average target price of $124.48.

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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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