Mascoma Wealth Management LLC trimmed its holdings in United Technologies Corporation (NYSE:UTX) by 8.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,271 shares of the conglomerate’s stock after selling 119 shares during the period. Mascoma Wealth Management LLC’s holdings in United Technologies Corporation were worth $155,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC raised its position in United Technologies Corporation by 1.3% in the first quarter. Fisher Asset Management LLC now owns 8,535,397 shares of the conglomerate’s stock valued at $957,757,000 after purchasing an additional 106,552 shares during the period. Boston Partners lifted its stake in shares of United Technologies Corporation by 3.0% in the 1st quarter. Boston Partners now owns 5,385,002 shares of the conglomerate’s stock valued at $604,251,000 after purchasing an additional 158,696 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of United Technologies Corporation by 3.6% in the 1st quarter. Legal & General Group Plc now owns 3,682,243 shares of the conglomerate’s stock valued at $413,192,000 after purchasing an additional 128,123 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of United Technologies Corporation by 3.7% in the 1st quarter. Ameriprise Financial Inc. now owns 3,544,737 shares of the conglomerate’s stock valued at $397,774,000 after purchasing an additional 125,003 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of United Technologies Corporation by 15.8% in the 1st quarter. American Century Companies Inc. now owns 3,430,061 shares of the conglomerate’s stock valued at $384,887,000 after purchasing an additional 468,515 shares during the last quarter. Institutional investors own 78.79% of the company’s stock.

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Shares of United Technologies Corporation (NYSE UTX) traded up 0.0991% during trading on Tuesday, hitting $117.6965. The stock had a trading volume of 1,019,271 shares. The company has a market cap of $94.01 billion, a P/E ratio of 17.9279 and a beta of 1.05. United Technologies Corporation has a one year low of $97.62 and a one year high of $124.79. The stock’s 50-day moving average price is $114.70 and its 200-day moving average price is $117.81.

United Technologies Corporation (NYSE:UTX) last released its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.07. The business had revenue of $15.28 billion for 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%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.82 earnings per share. On average, equities research analysts forecast that United Technologies Corporation will post $6.57 EPS for the current fiscal year.

UTX has been the subject of a number of recent analyst reports. BidaskClub raised United Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $135.00 target price (up previously from $130.00) on shares of United Technologies Corporation in a research report on Friday, July 21st. Zacks Investment Research raised shares of United Technologies Corporation from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a research note on Monday, June 5th. Vertical Research lowered shares of United Technologies Corporation from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research note on Tuesday, September 5th. Finally, Deutsche Bank AG lowered their target price on shares of United Technologies Corporation from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Wednesday, September 6th. Fifteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $124.48.

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.

Institutional Ownership by Quarter for United Technologies Corporation (NYSE:UTX)

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