Adell Harriman & Carpenter Inc. lessened its holdings in shares of United Technologies Corporation (NYSE:UTX) by 2.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 66,967 shares of the conglomerate’s stock after selling 1,772 shares during the period. United Technologies Corporation accounts for about 1.8% of Adell Harriman & Carpenter Inc.’s portfolio, making the stock its 16th largest position. Adell Harriman & Carpenter Inc.’s holdings in United Technologies Corporation were worth $8,177,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in UTX. Riggs Asset Managment Co. Inc. grew its holdings in shares of United Technologies Corporation by 14.3% during the first quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock worth $112,000 after purchasing an additional 125 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in shares of United Technologies Corporation by 5.3% during the second quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock worth $117,000 after purchasing an additional 48 shares during the last quarter. Seven Bridges Advisors LLC bought a new stake in shares of United Technologies Corporation during the second quarter worth $120,000. Winfield Associates Inc. grew its holdings in shares of United Technologies Corporation by 2.9% during the second quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock worth $126,000 after purchasing an additional 29 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new stake in shares of United Technologies Corporation during the second quarter worth $131,000. Institutional investors own 78.87% of the company’s stock.

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Shares of United Technologies Corporation (UTX) opened at $121.07 on Friday. The stock has a market capitalization of $96,994.30, a P/E ratio of 18.35, a PEG ratio of 2.19 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 (NYSE:UTX) last released its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.05. The company had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. United Technologies Corporation had a return on equity of 17.66% and a net margin of 8.79%. United Technologies Corporation’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.76 earnings per share. equities research analysts predict that United Technologies Corporation will post 6.61 earnings per share for the current fiscal year.

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

Several research firms recently issued reports on UTX. Sanford C. Bernstein reiterated a “market perform” rating and issued a $135.00 price target (up previously from $130.00) on shares of United Technologies Corporation in a report on Friday, July 21st. Vertical Research cut United Technologies Corporation from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a report on Tuesday, September 5th. Deutsche Bank AG decreased their price target on United Technologies Corporation from $125.00 to $120.00 and set a “hold” rating on the stock in a report on Wednesday, September 6th. BidaskClub cut United Technologies Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $136.00 price target on shares of United Technologies Corporation in a report on Wednesday, July 26th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $125.15.

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.

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

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