OMERS ADMINISTRATION Corp reduced its position in United Technologies Corporation (NYSE:UTX) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,614,823 shares of the conglomerate’s stock after selling 16,667 shares during the period. United Technologies Corporation accounts for about 2.5% of OMERS ADMINISTRATION Corp’s investment portfolio, making the stock its 11th biggest position. OMERS ADMINISTRATION Corp owned about 0.20% of United Technologies Corporation worth $197,186,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC lifted its position in shares of United Technologies Corporation by 5.3% in the second quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock worth $117,000 after buying an additional 48 shares in the last quarter. Seven Bridges Advisors LLC purchased a new stake in United Technologies Corporation during the second quarter valued at approximately $120,000. Winfield Associates Inc. raised its position in United Technologies Corporation by 2.9% during the second quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock valued at $126,000 after purchasing an additional 29 shares during the period. Shine Investment Advisory Services Inc. purchased a new stake in United Technologies Corporation during the second quarter valued at approximately $131,000. Finally, Alexandria Capital LLC raised its position in United Technologies Corporation by 0.3% during the second 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. Institutional investors own 78.80% of the company’s stock.

A number of brokerages have issued reports on UTX. Cowen and Company restated a “buy” rating and set a $127.00 price objective on shares of United Technologies Corporation in a research report on Tuesday, July 25th. Sanford C. Bernstein restated a “market perform” rating and set a $135.00 price objective (up from $130.00) on shares of United Technologies Corporation in a research report on Friday, July 21st. BidaskClub upgraded United Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Credit Suisse Group restated a “buy” rating and set a $136.00 price objective on shares of United Technologies Corporation in a research report on Wednesday, July 26th. Finally, Stifel Nicolaus upped their price objective 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. Fourteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $125.15.

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United Technologies Corporation (NYSE UTX) opened at $117.89 on Friday. United Technologies Corporation has a 52 week low of $106.21 and a 52 week high of $124.79. The stock has a market capitalization of $94,140.00, a P/E ratio of 17.95, a P/E/G ratio of 2.14 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 announced its quarterly earnings data 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 return on equity of 17.66% and a net margin of 8.79%. The company had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. During the same quarter in the prior year, the firm earned $1.76 earnings per share. United Technologies Corporation’s revenue was up 4.9% compared to the same quarter last year. 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 paid a $0.70 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.80 annualized dividend and a yield of 2.38%. United Technologies Corporation’s dividend payout ratio (DPR) is currently 43.34%.

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

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.

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

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