Tocqueville Asset Management L.P. trimmed its position in shares of United Technologies Corporation (NYSE:UTX) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,549 shares of the conglomerate’s stock after selling 2,276 shares during the period. Tocqueville Asset Management L.P.’s holdings in United Technologies Corporation were worth $15,453,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Boston Partners increased its holdings in shares of United Technologies Corporation by 3.0% in the first 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 increased its holdings in shares of United Technologies Corporation by 1.3% in the second quarter. Legal & General Group Plc now owns 3,729,056 shares of the conglomerate’s stock valued at $455,358,000 after purchasing an additional 46,813 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of United Technologies Corporation by 3.7% in the first 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. Diamond Hill Capital Management Inc. increased its holdings in shares of United Technologies Corporation by 0.6% in the second quarter. Diamond Hill Capital Management Inc. now owns 3,517,626 shares of the conglomerate’s stock valued at $429,537,000 after purchasing an additional 19,439 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of 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 purchasing an additional 468,515 shares during the last quarter. Institutional investors and hedge funds own 78.87% of the company’s stock.

Several research firms have commented on UTX. BidaskClub downgraded shares of United Technologies Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Royal Bank Of Canada reiterated a “hold” rating and issued a $125.00 price objective on shares of United Technologies Corporation in a report on Sunday, August 13th. Zacks Investment Research downgraded shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Cowen and Company reiterated a “hold” rating and issued a $120.00 price objective on shares of United Technologies Corporation in a report on Tuesday, October 24th. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of United Technologies Corporation in a report on Thursday, July 27th. Fourteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. United Technologies Corporation has a consensus rating of “Hold” and an average price target of $125.15.

Shares of United Technologies Corporation (UTX) opened at $121.07 on Monday. United Technologies Corporation has a 52-week low of $100.74 and a 52-week high of $124.79. 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 firm has a market cap of $96,682.87, a PE ratio of 18.29, a P/E/G ratio of 2.18 and a beta of 1.07.

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

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Friday, November 17th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.80 annualized dividend and a yield of 2.31%. United Technologies Corporation’s dividend payout ratio is 43.41%.

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United Technologies Corporation 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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