ZWJ Investment Counsel Inc. cut its holdings in United Technologies Corporation (NYSE:UTX) by 4.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 83,974 shares of the conglomerate’s stock after selling 3,997 shares during the period. ZWJ Investment Counsel Inc.’s holdings in United Technologies Corporation were worth $10,254,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. PGGM Investments increased its stake in shares of United Technologies Corporation by 52.4% in the second quarter. PGGM Investments now owns 749,206 shares of the conglomerate’s stock worth $91,486,000 after purchasing an additional 257,582 shares during the period. Connecticut Wealth Management LLC grew its position in United Technologies Corporation by 10.1% during the second quarter. Connecticut Wealth Management LLC now owns 11,966 shares of the conglomerate’s stock worth $1,473,000 after buying an additional 1,098 shares in the last quarter. Huntington National Bank grew its position in United Technologies Corporation by 3.7% during the second quarter. Huntington National Bank now owns 284,531 shares of the conglomerate’s stock worth $34,744,000 after buying an additional 10,025 shares in the last quarter. Pioneer Investment Management Inc. grew its position in United Technologies Corporation by 2.1% during the first quarter. Pioneer Investment Management Inc. now owns 1,223,811 shares of the conglomerate’s stock worth $137,324,000 after buying an additional 25,625 shares in the last quarter. Finally, Private Wealth Advisors Inc. grew its position in United Technologies Corporation by 14.9% during the first quarter. Private Wealth Advisors Inc. now owns 23,551 shares of the conglomerate’s stock worth $2,643,000 after buying an additional 3,051 shares in the last quarter. Institutional investors and hedge funds own 78.87% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was first posted by Watch List News and is owned by of Watch List News. If you are accessing this article on another website, it was illegally stolen and reposted in violation of United States and international copyright and trademark law. The correct version of this article can be accessed at https://www.watchlistnews.com/united-technologies-corporation-utx-stake-lowered-by-zwj-investment-counsel-inc/1674712.html.

United Technologies Corporation (NYSE:UTX) last announced its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.05. The firm had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. United Technologies Corporation had a net margin of 8.79% and a return on equity of 17.66%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.76 EPS.

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Friday, November 17th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.80 annualized dividend and a dividend yield of 2.31%. United Technologies Corporation’s dividend payout ratio is 43.41%.

A number of equities research analysts recently weighed in on UTX shares. Royal Bank Of Canada reissued a “hold” rating and set a $125.00 target price on shares of United Technologies Corporation in a research report on Friday, July 7th. Stifel Nicolaus reissued a “hold” rating and set a $126.00 target price on shares of United Technologies Corporation in a research report on Friday, July 7th. UBS AG lifted their target price on United Technologies Corporation to $135.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Morgan Stanley reissued an “overweight” rating and set a $138.00 target price (up from $132.00) on shares of United Technologies Corporation in a research report on Monday, July 10th. Finally, Zacks Investment Research downgraded United Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $125.15.

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)

Receive News & Ratings for United Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Technologies Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.