Teachers Retirement System of The State of Kentucky boosted its stake in United Technologies Corporation (NYSE:UTX) by 6.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 452,093 shares of the conglomerate’s stock after buying an additional 25,900 shares during the period. United Technologies Corporation comprises approximately 0.6% of Teachers Retirement System of The State of Kentucky’s portfolio, making the stock its 19th largest position. Teachers Retirement System of The State of Kentucky’s holdings in United Technologies Corporation were worth $50,730,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the company. Riggs Asset Managment Co. Inc. increased its position in United Technologies Corporation by 14.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock valued at $112,000 after buying an additional 125 shares during the last quarter. Alexandria Capital LLC increased its position 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 buying an additional 4 shares during the last quarter. Thompson Davis & CO. Inc. increased its position in United Technologies Corporation by 22.9% in the first quarter. Thompson Davis & CO. Inc. now owns 1,338 shares of the conglomerate’s stock valued at $150,000 after buying an additional 249 shares during the last quarter. MCF Advisors LLC increased its position in United Technologies Corporation by 22.4% in the first quarter. MCF Advisors LLC now owns 1,550 shares of the conglomerate’s stock valued at $174,000 after buying an additional 284 shares during the last quarter. Finally, Advantage Investment Management LLC increased its position in United Technologies Corporation by 12.8% in the first quarter. Advantage Investment Management LLC now owns 1,731 shares of the conglomerate’s stock valued at $194,000 after buying an additional 196 shares during the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

United Technologies Corporation (NYSE UTX) traded up 1.504% during midday trading on Wednesday, reaching $116.994. The company’s stock had a trading volume of 806,277 shares. The stock’s 50-day moving average price is $120.87 and its 200-day moving average price is $117.09. United Technologies Corporation has a 12 month low of $97.62 and a 12 month high of $124.79. The firm has a market capitalization of $93.45 billion, a price-to-earnings ratio of 17.821 and a beta of 1.06.

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. United Technologies Corporation had a net margin of 9.15% and a return on equity of 18.07%. The business had revenue of $15.28 billion for the quarter, compared to the consensus estimate of $15.24 billion. During the same period in the prior year, the business posted $1.82 earnings per share. United Technologies Corporation’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts predict that United Technologies Corporation will post $6.58 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Friday, August 18th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, August 16th. This is an increase from United Technologies Corporation’s previous quarterly dividend of $0.66. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.41%. United Technologies Corporation’s dividend payout ratio is 40.24%.

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Several equities analysts have weighed in on the company. BidaskClub raised United Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Jefferies Group LLC reissued a “buy” rating and set a $132.00 price target (up previously from $126.00) on shares of United Technologies Corporation in a research report on Thursday, April 27th. Royal Bank Of Canada reissued a “hold” rating and set a $125.00 price target on shares of United Technologies Corporation in a research report on Friday, June 2nd. Sanford C. Bernstein reissued a “market perform” rating and set a $135.00 price target (up previously from $130.00) on shares of United Technologies Corporation in a research report on Friday, July 21st. Finally, Deutsche Bank AG raised their price target on United Technologies Corporation from $115.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. United Technologies Corporation presently has a consensus rating of “Hold” and a consensus target price of $123.54.

About United Technologies Corporation

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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