YHB Investment Advisors Inc. lowered its stake in United Technologies Co. (NYSE:UTX) by 4.4% during the third quarter, HoldingsChannel.com reports. The firm owned 86,181 shares of the conglomerate’s stock after selling 3,989 shares during the period. United Technologies makes up approximately 1.8% of YHB Investment Advisors Inc.’s investment portfolio, making the stock its 12th biggest position. YHB Investment Advisors Inc.’s holdings in United Technologies were worth $10,004,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Alexandria Capital LLC boosted its stake in United Technologies by 0.3% in the second quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock valued at $132,000 after buying an additional 3 shares in the last quarter. Rowland & Co. Investment Counsel ADV boosted its stake in United Technologies by 0.3% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock valued at $143,000 after buying an additional 3 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in United Technologies by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,788 shares of the conglomerate’s stock valued at $218,000 after buying an additional 8 shares in the last quarter. Kissinger Financial Services LLC boosted its stake in United Technologies 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 buying an additional 11 shares in the last quarter. Finally, Vigilant Capital Management LLC boosted its stake in United Technologies by 0.7% in the second quarter. Vigilant Capital Management LLC now owns 1,891 shares of the conglomerate’s stock valued at $231,000 after buying an additional 14 shares in the last quarter. Institutional investors own 80.07% of the company’s stock.

In other news, EVP Michael R. Dumais sold 2,986 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $120.98, for a total transaction of $361,246.28. Following the completion of the transaction, the executive vice president now directly owns 27,548 shares in the company, valued at $3,332,757.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert J. Bailey sold 827 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $118.06, for a total value of $97,635.62. The disclosure for this sale can be found here. Insiders have sold 16,466 shares of company stock valued at $2,019,274 over the last 90 days. 0.16% of the stock is owned by corporate insiders.

United Technologies Co. (NYSE UTX) opened at $134.99 on Friday. United Technologies Co. has a 1 year low of $106.85 and a 1 year high of $136.26. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.31. The stock has a market capitalization of $107,800.00, a PE ratio of 20.90, a PEG ratio of 2.29 and a beta of 1.07.

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

Several analysts recently weighed in on the company. Goldman Sachs Group raised United Technologies from a “neutral” rating to a “buy” rating in a research note on Monday. Zacks Investment Research raised United Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Cowen reaffirmed a “hold” rating and issued a $120.00 price objective on shares of United Technologies in a research note on Tuesday, October 24th. Stifel Nicolaus lifted their price target on United Technologies from $122.00 to $124.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Finally, Robert W. Baird raised United Technologies from a “neutral” rating to an “outperform” rating in a research note on Friday, January 5th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $125.63.

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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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