Pacer Advisors Inc. grew its position in shares of United Technologies Corporation (NYSE:UTX) by 8.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 18,682 shares of the conglomerate’s stock after purchasing an additional 1,447 shares during the quarter. Pacer Advisors Inc.’s holdings in United Technologies Corporation were worth $2,281,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Alexandria Capital LLC increased its position in shares of United Technologies Corporation by 0.3% during the 2nd quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock valued at $132,000 after purchasing an additional 3 shares during the period. TCI Wealth Advisors Inc. increased its position in shares of United Technologies Corporation by 0.3% during the 1st quarter. TCI Wealth Advisors Inc. now owns 2,501 shares of the conglomerate’s stock valued at $281,000 after purchasing an additional 7 shares during the period. Kissinger Financial Services LLC increased its position in shares of United Technologies Corporation by 0.5% during the 2nd quarter. Kissinger Financial Services LLC now owns 2,095 shares of the conglomerate’s stock valued at $256,000 after purchasing an additional 11 shares during the period. Baystate Wealth Management LLC increased its position in shares of United Technologies Corporation by 0.5% during the 2nd quarter. Baystate Wealth Management LLC now owns 2,262 shares of the conglomerate’s stock valued at $279,000 after purchasing an additional 11 shares during the period. Finally, Vigilant Capital Management LLC increased its position in shares of United Technologies Corporation by 0.7% during the 2nd quarter. Vigilant Capital Management LLC now owns 1,891 shares of the conglomerate’s stock valued at $231,000 after purchasing an additional 14 shares during the period. Institutional investors own 78.80% of the company’s stock.

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Several brokerages have recently issued reports on UTX. Royal Bank Of Canada set a $126.00 price target on United Technologies Corporation and gave the company a “hold” rating in a research report on Sunday. Cowen and Company reiterated a “hold” rating and set a $120.00 price target on shares of United Technologies Corporation in a research report on Friday. Zacks Investment Research upgraded United Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Stifel Nicolaus lifted their price target on United Technologies Corporation from $122.00 to $124.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, Deutsche Bank AG lowered their price target on United Technologies Corporation from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Wednesday, September 6th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $125.15.

In related news, EVP Michael R. Dumais sold 2,986 shares of United Technologies Corporation stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $120.98, for a total transaction of $361,246.28. Following the completion of the sale, the executive vice president now owns 27,548 shares of the company’s stock, valued at $3,332,757.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.16% of the stock is currently owned by company insiders.

Shares of United Technologies Corporation (NYSE UTX) opened at $117.07 on Tuesday. The company has a market capitalization of $94,319.09, a price-to-earnings ratio of 17.84, a PEG ratio of 2.13 and a beta of 1.07. The company has a quick ratio of 0.91, a current ratio of 1.31 and a debt-to-equity ratio of 0.76. United Technologies Corporation has a 12-month low of $106.21 and a 12-month high of $124.79.

United Technologies Corporation (NYSE:UTX) last released its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. The firm had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. United Technologies Corporation had a return on equity of 17.66% and a net margin of 8.79%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.76 earnings per share. research analysts expect that United Technologies Corporation will post 6.61 EPS for the current 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 dividend on an annualized basis and a yield of 2.39%. United Technologies Corporation’s payout ratio is 43.41%.

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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