Anderson Hoagland & Co. continued to hold its position in United Technologies Corporation (NYSE:UTX) during the second quarter, Holdings Channel reports. The fund owned 8,070 shares of the conglomerate’s stock at the end of the second quarter. Anderson Hoagland & Co.’s holdings in United Technologies Corporation were worth $985,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Swiss National Bank raised its position in United Technologies Corporation by 25.2% in the first quarter. Swiss National Bank now owns 2,771,721 shares of the conglomerate’s stock valued at $311,015,000 after buying an additional 557,300 shares in the last quarter. American Century Companies Inc. raised its position in United Technologies Corporation by 15.8% in the first quarter. American Century Companies Inc. now owns 3,430,061 shares of the conglomerate’s stock valued at $384,887,000 after buying an additional 468,515 shares in the last quarter. Karp Capital Management Corp bought a new position in United Technologies Corporation during the first quarter valued at about $40,211,000. UBS Asset Management Americas Inc. raised its position in United Technologies Corporation by 11.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,858,758 shares of the conglomerate’s stock valued at $320,781,000 after buying an additional 301,484 shares in the last quarter. Finally, Tesco Pension Investment Ltd raised its position in United Technologies Corporation by 27.6% in the second quarter. Tesco Pension Investment Ltd now owns 1,146,382 shares of the conglomerate’s stock valued at $139,985,000 after buying an additional 248,221 shares in the last quarter. 78.81% of the stock is owned by hedge funds and other institutional investors.

United Technologies Corporation (NYSE UTX) traded up 0.11% on Friday, reaching $116.89. The company’s stock had a trading volume of 2,090,943 shares. United Technologies Corporation has a 12-month low of $97.62 and a 12-month high of $124.79. The company has a market capitalization of $93.37 billion, a price-to-earnings ratio of 17.81 and a beta of 1.06. The firm has a 50-day moving average of $121.18 and a 200 day moving average of $116.91.

United Technologies Corporation (NYSE:UTX) last announced 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. The company had revenue of $15.28 billion during the quarter, compared to analysts’ expectations of $15.24 billion. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. United Technologies Corporation’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $1.82 earnings per share. On average, equities research analysts anticipate that United Technologies Corporation will post $6.58 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Friday, August 18th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This is a boost 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 2.40%. United Technologies Corporation’s payout ratio is 40.24%.

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A number of brokerages have weighed in on UTX. Royal Bank Of Canada boosted their target price on United Technologies Corporation from $118.00 to $125.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 27th. Zacks Investment Research lowered United Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Credit Suisse Group reissued a “buy” rating and issued a $136.00 target price on shares of United Technologies Corporation in a research report on Wednesday, July 26th. Morgan Stanley boosted their target price on United Technologies Corporation from $120.00 to $123.00 and gave the stock an “overweight” rating in a research report on Friday, April 28th. Finally, BidaskClub lowered United Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $123.54.

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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