Boston Family Office LLC trimmed its position in United Technologies Corporation (NYSE:UTX) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,700 shares of the conglomerate’s stock after selling 275 shares during the quarter. Boston Family Office LLC’s holdings in United Technologies Corporation were worth $1,917,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Comprehensive Portfolio Management LLC acquired a new position in shares of United Technologies Corporation in the second quarter valued at $572,000. Financial Advisors Network Inc. raised its stake in shares of United Technologies Corporation by 34.5% in the second quarter. Financial Advisors Network Inc. now owns 5,036 shares of the conglomerate’s stock valued at $615,000 after purchasing an additional 1,293 shares in the last quarter. BB&T Securities LLC raised its stake in shares of United Technologies Corporation by 6.9% in the second quarter. BB&T Securities LLC now owns 380,528 shares of the conglomerate’s stock valued at $46,466,000 after purchasing an additional 24,690 shares in the last quarter. Northeast Investment Management raised its stake in shares of United Technologies Corporation by 30.1% in the second quarter. Northeast Investment Management now owns 105,641 shares of the conglomerate’s stock valued at $12,900,000 after purchasing an additional 24,426 shares in the last quarter. Finally, Winslow Asset Management Inc. acquired a new position in shares of United Technologies Corporation in the second quarter valued at $201,000. Institutional investors and hedge funds own 78.87% of the company’s stock.

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United Technologies Corporation (UTX) opened at $121.07 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91. The company has a market cap of $96,994.30, a price-to-earnings ratio of 18.35, a PEG ratio of 2.19 and a beta of 1.07.

United Technologies Corporation (NYSE:UTX) last released its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.05. United Technologies Corporation had a return on equity of 17.66% and a net margin of 8.79%. The firm had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same quarter in the prior year, the firm posted $1.76 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. equities research analysts anticipate 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 of this dividend is Thursday, November 16th. United Technologies Corporation’s dividend payout ratio is currently 43.41%.

A number of research analysts recently commented on the company. Zacks Investment Research upgraded United Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Sanford C. Bernstein restated a “market perform” rating and issued a $135.00 target price (up from $130.00) on shares of United Technologies Corporation in a research note on Friday, July 21st. BidaskClub upgraded United Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Stifel Nicolaus reiterated a “hold” rating and set a $126.00 price objective on shares of United Technologies Corporation in a research note on Friday, July 7th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $125.00 price objective on shares of United Technologies Corporation in a research note on Sunday, August 13th. Fourteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average 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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