Proficio Capital Partners LLC raised its stake in United Technologies Corporation (NYSE:UTX) by 42.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,298 shares of the conglomerate’s stock after buying an additional 386 shares during the period. Proficio Capital Partners LLC’s holdings in United Technologies Corporation were worth $158,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of UTX. 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 valued at $121,000 after buying an additional 4 shares in the last quarter. 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 valued at $281,000 after buying an additional 7 shares in the last quarter. 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 valued at $200,000 after buying an additional 9 shares in the last quarter. 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 valued at $401,000 after buying an additional 11 shares in the last quarter. 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 valued at $234,000 after buying an additional 12 shares in the last quarter. 78.69% of the stock is owned by institutional investors.

Shares of United Technologies Corporation (NYSE UTX) traded up 1.61% during trading on Wednesday, hitting $117.11. The company had a trading volume of 891,569 shares. The company has a market capitalization of $93.54 billion, a P/E ratio of 17.84 and a beta of 1.06. United Technologies Corporation has a 52 week low of $97.62 and a 52 week high of $124.79. The stock’s 50-day moving average price is $120.87 and its 200 day moving average price is $117.09.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Friday, August 18th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a yield of 2.41%. This is a boost from United Technologies Corporation’s previous quarterly dividend of $0.66. United Technologies Corporation’s payout ratio is presently 40.24%.

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Several analysts have issued reports on UTX shares. Royal Bank Of Canada upped their target price on United Technologies Corporation from $118.00 to $125.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 27th. Zacks Investment Research lowered United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Credit Suisse Group reaffirmed a “buy” rating and issued a $136.00 target price on shares of United Technologies Corporation in a research note on Wednesday, July 26th. Morgan Stanley upped their target price on United Technologies Corporation from $120.00 to $123.00 and gave the stock an “overweight” rating in a research note on Friday, April 28th. Finally, BidaskClub lowered United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. United Technologies Corporation has an average rating of “Hold” and a consensus 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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