Moon Capital Management LLC held its position in shares of United Technologies Corporation (NYSE:UTX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,303 shares of the conglomerate’s stock at the end of the second quarter. Moon Capital Management LLC’s holdings in United Technologies Corporation were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of UTX. Riggs Asset Managment Co. Inc. raised its position in United Technologies Corporation by 14.3% in 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 in the last quarter. Alexandria Capital LLC raised its position in 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 purchasing an additional 4 shares in the last quarter. Paragon Capital Management Ltd acquired a new position in United Technologies Corporation in the first quarter worth about $139,000. Thompson Davis & CO. Inc. raised its position in United Technologies Corporation by 22.9% in the first quarter. Thompson Davis & CO. Inc. now owns 1,338 shares of the conglomerate’s stock worth $150,000 after purchasing an additional 249 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its position in United Technologies Corporation by 42.3% in the first quarter. Proficio Capital Partners LLC now owns 1,298 shares of the conglomerate’s stock worth $158,000 after purchasing an additional 386 shares in the last quarter. 78.79% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of United Technologies Corporation from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a research report on Monday, June 5th. Sanford C. Bernstein reissued a “market perform” rating and issued a $135.00 price target (up previously from $130.00) on shares of United Technologies Corporation in a research report on Friday, July 21st. BidaskClub raised shares of United Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Stifel Nicolaus reissued a “hold” rating and issued a $126.00 price target on shares of United Technologies Corporation in a research report on Friday, July 7th. Finally, HSBC Holdings plc assumed coverage on shares of United Technologies Corporation in a research report on Monday, June 12th. They issued a “hold” rating and a $125.00 price target for the company. Fifteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. United Technologies Corporation has an average rating of “Hold” and an average target price of $124.48.

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United Technologies Corporation (NYSE:UTX) traded up 0.21% during mid-day trading on Friday, hitting $116.08. 3,270,372 shares of the stock traded hands. United Technologies Corporation has a one year low of $97.62 and a one year high of $124.79. The company has a 50 day moving average price of $115.56 and a 200-day moving average price of $117.60. The stock has a market capitalization of $92.72 billion, a PE ratio of 17.68 and a beta of 1.05.

United Technologies Corporation (NYSE:UTX) last released its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.07. The business 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%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.82 EPS. Equities analysts anticipate that United Technologies Corporation will post $6.57 earnings per share for the current fiscal year.

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.

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

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