DF Dent & Co. Inc. decreased its stake in United Technologies Corporation (NYSE:UTX) by 1.4% during the first quarter, Holdings Channel reports. The fund owned 4,152 shares of the conglomerate’s stock after selling 58 shares during the period. DF Dent & Co. Inc.’s holdings in United Technologies Corporation were worth $466,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Alexandria Capital LLC raised its stake in shares of United Technologies Corporation by 0.4% in the first quarter. Alexandria Capital LLC now owns 1,075 shares of the conglomerate’s stock worth $121,000 after buying an additional 4 shares during the period. TCI Wealth Advisors Inc. raised its stake in shares of United Technologies Corporation by 0.3% in the first quarter. TCI Wealth Advisors Inc. now owns 2,501 shares of the conglomerate’s stock worth $281,000 after buying an additional 7 shares during the period. Jackson Grant Investment Advisers Inc. raised its stake in shares of United Technologies Corporation by 0.5% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,780 shares of the conglomerate’s stock worth $200,000 after buying an additional 9 shares during the period. First Command Financial Services Inc. raised its stake in shares of United Technologies Corporation by 0.3% in the first quarter. First Command Financial Services Inc. now owns 3,573 shares of the conglomerate’s stock worth $401,000 after buying an additional 11 shares during the period. Finally, Kissinger Financial Services LLC raised its stake in shares of United Technologies Corporation by 0.6% in the first quarter. Kissinger Financial Services LLC now owns 2,084 shares of the conglomerate’s stock worth $234,000 after buying an additional 12 shares during the period. Hedge funds and other institutional investors own 78.81% of the company’s stock.

United Technologies Corporation (UTX) traded down 0.72% on Thursday, reaching $116.36. 652,623 shares of the company’s stock were exchanged. United Technologies Corporation has a 12 month low of $97.62 and a 12 month high of $124.79. The firm has a market cap of $92.95 billion, a PE ratio of 17.72 and a beta of 1.06. The firm’s 50-day moving average is $121.48 and its 200-day moving average is $116.87.

United Technologies Corporation (NYSE:UTX) last posted its earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. The company had revenue of $15.28 billion during the quarter, compared to analysts’ expectations of $15.24 billion. United Technologies Corporation had a net margin of 9.15% and a return on equity of 18.07%. United Technologies Corporation’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.82 EPS. On average, equities analysts forecast that United Technologies Corporation will post $6.58 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Friday, August 18th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Wednesday, August 16th. This is a boost from United Technologies Corporation’s previous quarterly dividend of $0.66. United Technologies Corporation’s dividend payout ratio (DPR) is currently 40.24%.

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A number of equities research analysts have issued reports on the stock. BidaskClub raised shares of United Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Monday. Jefferies Group LLC reissued a “buy” rating on shares of United Technologies Corporation in a research note on Thursday, July 27th. Credit Suisse Group reissued a “buy” rating and set a $136.00 target price on shares of United Technologies Corporation in a research note on Wednesday, July 26th. Cowen and Company reissued a “buy” rating and set a $127.00 target price on shares of United Technologies Corporation in a research note on Tuesday, July 25th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $135.00 target price (up previously from $130.00) on shares of United Technologies Corporation in a research note on Friday, July 21st. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $123.54.

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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