Zurich Insurance Group Ltd FI increased its stake in United Technologies Co. (NYSE:UTX) by 45.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 139,670 shares of the conglomerate’s stock after purchasing an additional 43,623 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in United Technologies were worth $18,185,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of UTX. Krane Funds Advisors LLC acquired a new stake in United Technologies in the 2nd quarter worth approximately $26,000. Quad Cities Investment Group LLC lifted its holdings in shares of United Technologies by 62.1% during the second quarter. Quad Cities Investment Group LLC now owns 261 shares of the conglomerate’s stock worth $34,000 after buying an additional 100 shares during the last quarter. Manchester Financial Inc. acquired a new position in shares of United Technologies during the second quarter worth approximately $35,000. Personal Wealth Partners acquired a new position in shares of United Technologies during the second quarter worth approximately $36,000. Finally, Virtus ETF Advisers LLC acquired a new position in shares of United Technologies during the second quarter worth approximately $38,000. Hedge funds and other institutional investors own 80.67% of the company’s stock.

In other United Technologies news, VP Charles D. Gill sold 33,763 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $135.04, for a total value of $4,559,355.52. Following the sale, the vice president now directly owns 112,458 shares in the company, valued at $15,186,328.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert J. Bailey sold 831 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $135.09, for a total value of $112,259.79. Following the completion of the sale, the vice president now owns 2,000 shares in the company, valued at $270,180. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,123 shares of company stock worth $13,787,015. 0.15% of the stock is currently owned by company insiders.

A number of research analysts have recently commented on UTX shares. Sanford C. Bernstein upped their price target on United Technologies from $143.00 to $154.00 and gave the stock a “market perform” rating in a report on Tuesday. Vertical Research upgraded United Technologies from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Friday, June 14th. Barclays upped their price target on United Technologies from $149.00 to $153.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Seaport Global Securities upgraded United Technologies from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a report on Monday, June 10th. Finally, Bank of America reiterated a “buy” rating and set a $195.00 price target (up from $185.00) on shares of United Technologies in a report on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. United Technologies presently has a consensus rating of “Buy” and an average price target of $152.33.

Shares of UTX traded down $1.00 on Friday, reaching $136.53. 2,512,726 shares of the stock traded hands, compared to its average volume of 2,398,990. The firm has a market cap of $118.40 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 1.94 and a beta of 1.21. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.05 and a quick ratio of 0.74. United Technologies Co. has a 12 month low of $100.48 and a 12 month high of $144.40. The stock’s 50-day moving average price is $130.37 and its 200-day moving average price is $131.28.

United Technologies (NYSE:UTX) last released its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.16. The business had revenue of $19.63 billion for the quarter, compared to analysts’ expectations of $19.58 billion. United Technologies had a return on equity of 16.81% and a net margin of 7.13%. United Technologies’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.97 earnings per share. As a group, equities research analysts forecast that United Technologies Co. will post 8.03 earnings per share for the current fiscal year.

United Technologies Company Profile

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.

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

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