National Pension Service boosted its stake in shares of United Technologies Corporation (NYSE:UTX) by 9.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 594,187 shares of the conglomerate’s stock after purchasing an additional 50,454 shares during the quarter. National Pension Service owned 0.07% of United Technologies Corporation worth $72,283,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Swiss National Bank raised its stake in shares of United Technologies Corporation by 25.2% in the 1st 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 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 buying an additional 468,515 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of United Technologies Corporation in the 1st quarter valued at $40,211,000. UBS Asset Management Americas Inc. raised its stake in shares of United Technologies Corporation by 11.8% in the 1st 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, Bank of Nova Scotia raised its stake in shares of United Technologies Corporation by 841.0% in the 1st quarter. Bank of Nova Scotia now owns 262,411 shares of the conglomerate’s stock valued at $29,445,000 after buying an additional 234,525 shares in the last quarter. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Shares of United Technologies Corporation (NYSE UTX) traded up 0.21% during midday trading on Friday, reaching $116.08. 3,270,372 shares of the company’s stock were exchanged. The stock has a market cap of $92.72 billion, a PE ratio of 17.68 and a beta of 1.05. The company’s 50 day moving average is $115.56 and its 200-day moving average is $117.60. United Technologies Corporation has a 12 month low of $97.62 and a 12 month high of $124.79.

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

A number of equities analysts have recently issued reports on UTX shares. Zacks Investment Research cut shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Royal Bank Of Canada restated a “hold” rating and issued a $125.00 price objective on shares of United Technologies Corporation in a research note on Friday, June 2nd. HSBC Holdings plc started coverage on shares of United Technologies Corporation in a research note on Monday, June 12th. They issued a “hold” rating and a $125.00 price objective for the company. Morgan Stanley restated an “overweight” rating and issued a $132.00 price objective (up previously from $128.00) on shares of United Technologies Corporation in a research note on Thursday, June 22nd. Finally, BidaskClub upgraded shares of United Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Fifteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $124.48.

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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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