United Technologies Corporation (UTX) Shares Bought by Notis McConarty Edward

Notis McConarty Edward raised its position in United Technologies Corporation (NYSE:UTX) by 0.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,801 shares of the conglomerate’s stock after purchasing an additional 210 shares during the quarter. United Technologies Corporation accounts for approximately 2.6% of Notis McConarty Edward’s portfolio, making the stock its 12th largest position. Notis McConarty Edward’s holdings in United Technologies Corporation were worth $3,906,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. 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 valued at $121,000 after purchasing an additional 4 shares during the period. TCI Wealth Advisors Inc. increased its position in shares of United Technologies Corporation by 0.3% during the first quarter. TCI Wealth Advisors Inc. now owns 2,501 shares of the conglomerate’s stock worth $281,000 after acquiring an additional 7 shares during the period. Jackson Grant Investment Advisers Inc. increased its position in shares of United Technologies Corporation by 0.5% during the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,780 shares of the conglomerate’s stock worth $200,000 after acquiring an additional 9 shares during the period. Hudock Capital Group LLC increased its position in shares of United Technologies Corporation by 0.5% during the first quarter. Hudock Capital Group LLC now owns 3,690 shares of the conglomerate’s stock worth $414,000 after acquiring an additional 17 shares during the period. Finally, FCG Advisors LLC increased its position in shares of United Technologies Corporation by 1.1% during the first quarter. FCG Advisors LLC now owns 2,296 shares of the conglomerate’s stock worth $258,000 after acquiring an additional 24 shares during the period. 78.85% of the stock is currently owned by institutional investors.

United Technologies Corporation (NYSE:UTX) traded up 0.315% during trading on Tuesday, reaching $109.985. 1,898,686 shares of the company’s stock traded hands. The stock has a market capitalization of $87.85 billion, a P/E ratio of 16.753 and a beta of 1.05. The stock has a 50-day moving average price of $117.10 and a 200 day moving average price of $117.68. United Technologies Corporation has a 1-year low of $97.62 and a 1-year high of $124.79.

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

The company also recently declared a quarterly dividend, which was paid on Sunday, September 10th. Investors of record on Friday, August 18th were paid a dividend of $0.70 per share. This is an increase from United Technologies Corporation’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.80 annualized dividend and a yield of 2.55%. United Technologies Corporation’s payout ratio is 42.68%.

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A number of analysts have recently weighed in on the company. Deutsche Bank AG cut their price objective on United Technologies Corporation from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Wednesday, September 6th. Bank of America Corporation reaffirmed a “buy” rating and set a $140.00 price objective on shares of United Technologies Corporation in a research report on Wednesday, September 6th. Cowen and Company lowered United Technologies Corporation from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $127.00 to $120.00 in a research report on Wednesday, September 6th. Vertical Research lowered United Technologies Corporation from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research report on Tuesday, September 5th. Finally, Credit Suisse Group reaffirmed a “neutral” rating on shares of United Technologies Corporation in a research report on Friday, September 1st. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. United Technologies Corporation currently has an average rating of “Hold” and an average target price of $124.48.

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.

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

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