Oppenheimer Asset Management Inc. lifted its holdings in United Technologies Corporation (NYSE:UTX) by 21.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,514 shares of the conglomerate’s stock after buying an additional 6,749 shares during the period. Oppenheimer Asset Management Inc.’s holdings in United Technologies Corporation were worth $4,582,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Legal & General Group Plc raised its holdings in shares of United Technologies Corporation by 1.3% in the 2nd quarter. Legal & General Group Plc now owns 3,729,056 shares of the conglomerate’s stock worth $455,358,000 after purchasing an additional 46,813 shares during the period. Ameriprise Financial Inc. raised its holdings 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 worth $397,774,000 after purchasing an additional 125,003 shares during the period. Diamond Hill Capital Management Inc. raised its holdings in United Technologies Corporation by 0.6% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 3,517,626 shares of the conglomerate’s stock valued at $429,537,000 after acquiring an additional 19,439 shares during the period. UBS Asset Management Americas Inc. raised its holdings in United Technologies Corporation by 11.8% during 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 acquiring an additional 301,484 shares during the period. Finally, Swiss National Bank raised its holdings in United Technologies Corporation by 0.9% during the 2nd quarter. Swiss National Bank now owns 2,797,221 shares of the conglomerate’s stock valued at $341,569,000 after acquiring an additional 25,500 shares during the period. Hedge funds and other institutional investors own 78.33% of the company’s stock.

United Technologies Corporation (NYSE UTX) opened at $117.04 on Wednesday. United Technologies Corporation has a 1 year low of $106.85 and a 1 year high of $124.79. The stock has a market cap of $93,460.00, a price-to-earnings ratio of 17.60, a P/E/G ratio of 2.10 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91.

United Technologies Corporation (NYSE:UTX) last announced its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same period in the previous year, the business earned $1.76 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. analysts predict that United Technologies Corporation will post 6.61 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Friday, November 17th will be given a $0.70 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.80 annualized dividend and a yield of 2.39%. United Technologies Corporation’s dividend payout ratio (DPR) is presently 43.34%.

In related news, EVP Michael R. Dumais sold 2,986 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $120.98, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by insiders.

A number of brokerages have issued reports on UTX. BidaskClub cut shares of United Technologies Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Royal Bank Of Canada reissued a “hold” rating and set a $125.00 target price on shares of United Technologies Corporation in a report on Sunday, August 13th. Cowen and Company reissued a “hold” rating and set a $120.00 target price on shares of United Technologies Corporation in a report on Friday, November 10th. Jefferies Group LLC reissued a “buy” rating on shares of United Technologies Corporation in a report on Thursday, July 27th. Finally, Zacks Investment Research raised shares of United Technologies Corporation from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. United Technologies Corporation currently has a consensus rating of “Hold” and an average target price of $125.15.

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About United Technologies Corporation

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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