Vigilant Capital Management LLC raised its position in shares of United Technologies Corporation (NYSE:UTX) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,891 shares of the conglomerate’s stock after buying an additional 14 shares during the period. Vigilant Capital Management LLC’s holdings in United Technologies Corporation were worth $231,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in UTX. Swiss National Bank boosted its position in United Technologies Corporation by 25.2% during the 1st quarter. Swiss National Bank now owns 2,771,721 shares of the conglomerate’s stock valued at $311,015,000 after buying an additional 557,300 shares during the period. American Century Companies Inc. lifted its position in shares of United Technologies Corporation by 15.8% in the 1st quarter. American Century Companies Inc. now owns 3,430,061 shares of the conglomerate’s stock worth $384,887,000 after purchasing an additional 468,515 shares during the period. Karp Capital Management Corp purchased a new stake in shares of United Technologies Corporation in the 1st quarter worth about $40,211,000. UBS Asset Management Americas Inc. lifted its position in shares of United Technologies Corporation by 11.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 2,858,758 shares of the conglomerate’s stock worth $320,781,000 after purchasing an additional 301,484 shares during the period. Finally, Bank of Nova Scotia lifted its position in shares of United Technologies Corporation by 841.0% in the 1st quarter. Bank of Nova Scotia now owns 262,411 shares of the conglomerate’s stock worth $29,445,000 after purchasing an additional 234,525 shares during the period. 78.79% of the stock is owned by institutional investors and hedge funds.

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Shares of United Technologies Corporation (NYSE:UTX) traded down 0.19% on Friday, reaching $117.95. 804,613 shares of the company were exchanged. The company’s 50-day moving average is $114.77 and its 200-day moving average is $117.84. The company has a market capitalization of $94.22 billion, a price-to-earnings ratio of 17.97 and a beta of 1.05. United Technologies Corporation has a 52 week low of $97.62 and a 52 week high of $124.79.

United Technologies Corporation (NYSE:UTX) last released its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.07. The business had revenue of $15.28 billion during the quarter, compared to analyst estimates of $15.24 billion. United Technologies Corporation had a net margin of 9.15% and a return on equity of 18.07%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.82 earnings per share. On average, equities analysts expect that United Technologies Corporation will post $6.57 EPS for the current fiscal year.

Several equities research analysts have recently commented on UTX shares. UBS AG raised their target price on shares of United Technologies Corporation to $135.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Jefferies Group LLC reaffirmed a “buy” rating on shares of United Technologies Corporation in a research report on Thursday, July 27th. Cowen and Company reaffirmed a “buy” rating and issued a $127.00 target price on shares of United Technologies Corporation in a research report on Tuesday, September 5th. Credit Suisse Group AG reaffirmed a “neutral” rating on shares of United Technologies Corporation in a research report on Friday, September 1st. Finally, BidaskClub cut shares of United Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Fifteen 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 price target of $123.84.

United Technologies Corporation 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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