Whalerock Point Partners LLC trimmed its stake in shares of United Technologies Corporation (NYSE:UTX) by 8.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,080 shares of the conglomerate’s stock after selling 1,142 shares during the period. Whalerock Point Partners LLC’s holdings in United Technologies Corporation were worth $1,596,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Tortoise Investment Management LLC raised 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 acquiring an additional 48 shares during the period. Seven Bridges Advisors LLC acquired a new stake in shares of United Technologies Corporation during the second quarter worth $120,000. Winfield Associates Inc. raised 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 acquiring an additional 29 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in shares of United Technologies Corporation during the second quarter worth $131,000. Finally, Alexandria Capital LLC raised its holdings in shares of United Technologies Corporation by 0.3% during the second quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock worth $132,000 after acquiring an additional 3 shares during the period. Institutional investors and hedge funds own 78.80% of the company’s stock.

United Technologies Corporation (NYSE:UTX) opened at $116.53 on Friday. United Technologies Corporation has a 12-month low of $106.21 and a 12-month high of $124.79. The company has a market cap of $94,140.00, a PE ratio of 17.95, a PEG ratio of 2.14 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91.

United Technologies Corporation (NYSE:UTX) last announced its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. United Technologies Corporation had a net margin of 8.79% and a return on equity of 17.66%. The company had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter last year, the firm posted $1.76 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. sell-side analysts expect that United Technologies Corporation will post 6.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Friday, November 17th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, November 16th. United Technologies Corporation’s dividend payout ratio (DPR) is presently 43.34%.

A number of equities research analysts recently commented on UTX shares. Zacks Investment Research lowered shares of United Technologies Corporation from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Cowen and Company lowered shares of United Technologies Corporation from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $127.00 to $120.00 in a report on Wednesday, September 6th. Bank of America Corporation restated a “buy” rating and set a $140.00 price objective on shares of United Technologies Corporation in a report on Wednesday, September 6th. Jefferies Group LLC restated a “buy” rating and set a $139.00 price objective on shares of United Technologies Corporation in a report on Tuesday, August 29th. Finally, Credit Suisse Group restated a “buy” rating and set a $136.00 price objective on shares of United Technologies Corporation in a report on Wednesday, July 26th. Fourteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $125.15.

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In other news, EVP Michael R. Dumais sold 2,986 shares of United Technologies Corporation stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $120.98, for a total value of $361,246.28. Following the completion of the transaction, the executive vice president now owns 27,548 shares of the company’s stock, valued at approximately $3,332,757.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

About United Technologies Corporation

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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