Two Sigma Securities LLC acquired a new stake in shares of United Technologies Corporation (NYSE:UTX) during the first quarter, Holdings Channel reports. The firm acquired 16,046 shares of the conglomerate’s stock, valued at approximately $1,801,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Riggs Asset Managment Co. Inc. raised its stake 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 in the last quarter. Alexandria Capital LLC raised 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 buying an additional 4 shares in the last quarter. Paragon Capital Management Ltd bought a new stake in United Technologies Corporation during the first quarter valued at $139,000. Thompson Davis & CO. Inc. raised its stake 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 in the last quarter. Finally, MCF Advisors LLC raised its stake 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 in the last quarter. Institutional investors own 78.81% of the company’s stock.

United Technologies Corporation (UTX) traded up 0.11% during mid-day trading on Friday, hitting $116.89. 2,090,943 shares of the stock traded hands. The firm has a market cap of $93.37 billion, a P/E ratio of 17.81 and a beta of 1.06. United Technologies Corporation has a 52-week low of $97.62 and a 52-week high of $124.79. The firm’s 50-day moving average is $121.18 and its 200 day moving average is $116.91.

United Technologies Corporation (NYSE:UTX) last issued its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share 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 firm had revenue of $15.28 billion during the quarter, compared to the consensus estimate of $15.24 billion. During the same period last year, the company earned $1.82 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. Equities analysts predict that United Technologies Corporation will post $6.58 EPS for the current fiscal 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 issued a dividend of $0.70 per share. 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 annualized dividend and a dividend yield of 2.40%. United Technologies Corporation’s dividend payout ratio (DPR) is presently 40.24%.

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Several analysts have recently weighed in on UTX shares. Jefferies Group LLC reiterated a “buy” rating and issued a $132.00 price objective (up previously from $126.00) on shares of United Technologies Corporation in a research note on Thursday, April 27th. Zacks Investment Research upgraded shares of United Technologies Corporation from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research note on Tuesday, May 16th. BidaskClub upgraded shares of United Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. UBS AG lifted their price objective on shares of United Technologies Corporation to $135.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Finally, Cowen and Company reiterated a “buy” rating and issued a $127.00 price objective 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’s stock. United Technologies Corporation presently has an average rating of “Hold” and a consensus price target 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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