ZWJ Investment Counsel Inc. lowered its holdings in shares of United Technologies Co. (NYSE:UTX) by 3.4% in the third quarter, HoldingsChannel.com reports. The fund owned 81,129 shares of the conglomerate’s stock after selling 2,845 shares during the quarter. ZWJ Investment Counsel Inc. owned about 101.59% of United Technologies worth $9,417,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of UTX. FMR LLC boosted its holdings in United Technologies by 13.2% during the 2nd quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock valued at $2,514,316,000 after acquiring an additional 2,401,795 shares during the period. Harbour Capital Advisors LLC boosted its holdings in United Technologies by 11,652.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,127,156 shares of the conglomerate’s stock valued at $17,420,000 after acquiring an additional 2,109,056 shares during the period. Vanguard Group Inc. boosted its holdings in United Technologies by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock valued at $6,693,250,000 after acquiring an additional 848,623 shares during the period. Flossbach Von Storch AG boosted its holdings in United Technologies by 95.6% during the 2nd quarter. Flossbach Von Storch AG now owns 1,617,008 shares of the conglomerate’s stock valued at $197,453,000 after acquiring an additional 790,496 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in United Technologies by 50.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,244,427 shares of the conglomerate’s stock valued at $274,067,000 after acquiring an additional 756,600 shares during the period. Institutional investors own 80.07% of the company’s stock.

A number of brokerages have weighed in on UTX. Goldman Sachs Group raised United Technologies from a “neutral” rating to a “buy” rating in a research report on Monday. Royal Bank of Canada reaffirmed a “hold” rating and set a $126.00 target price on shares of United Technologies in a research report on Tuesday, October 10th. Cowen reaffirmed a “hold” rating and set a $120.00 target price on shares of United Technologies in a research report on Friday, November 10th. Zacks Investment Research raised United Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, Stifel Nicolaus lifted their target price on United Technologies from $122.00 to $124.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $125.63.

United Technologies Co. (NYSE UTX) opened at $134.27 on Wednesday. The company has a market capitalization of $107,220.00, a price-to-earnings ratio of 20.78, a PEG ratio of 2.29 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 Co. has a 1 year low of $106.85 and a 1 year high of $135.79.

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

In other news, EVP Michael R. Dumais sold 2,986 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $120.98, for a total value of $361,246.28. Following the completion of the transaction, the executive vice president now directly owns 27,548 shares of the company’s stock, valued at approximately $3,332,757.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Robert J. Bailey sold 864 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $126.01, for a total value of $108,872.64. Following the completion of the transaction, the vice president now directly owns 2,000 shares of the company’s stock, valued at $252,020. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,466 shares of company stock valued at $2,019,274. Corporate insiders own 0.16% of the company’s stock.

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United Technologies 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 (NYSE:UTX)

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