K.J. Harrison & Partners Inc Decreases Holdings in United Technologies Corporation (UTX)

K.J. Harrison & Partners Inc decreased its position in United Technologies Corporation (NYSE:UTX) by 21.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,195 shares of the conglomerate’s stock after selling 6,697 shares during the quarter. United Technologies Corporation makes up 1.2% of K.J. Harrison & Partners Inc’s portfolio, making the stock its 25th biggest position. K.J. Harrison & Partners Inc’s holdings in United Technologies Corporation were worth $2,954,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UTX. Riggs Asset Managment Co. Inc. grew its stake in shares of United Technologies Corporation by 14.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock worth $112,000 after acquiring an additional 125 shares during the last quarter. Winfield Associates Inc. grew its stake in shares of United Technologies Corporation by 2.9% in the second quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock worth $126,000 after acquiring an additional 29 shares during the last quarter. Alexandria Capital LLC grew its stake in shares of United Technologies Corporation by 0.3% in the second quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock worth $132,000 after acquiring an additional 3 shares during the last quarter. Paragon Capital Management Ltd purchased a new stake in shares of United Technologies Corporation in the first quarter worth $139,000. Finally, Exane Derivatives purchased a new stake in shares of United Technologies Corporation in the second quarter worth $141,000. Institutional investors and hedge funds own 78.78% of the company’s stock.

A number of equities research analysts have recently commented on UTX shares. Jefferies Group LLC reissued a “buy” rating on shares of United Technologies Corporation in a research note on Thursday, July 27th. Credit Suisse Group reissued a “buy” rating and issued a $136.00 target price on shares of United Technologies Corporation in a research note on Wednesday, July 26th. Cowen and Company reissued a “buy” rating and issued a $127.00 target price on shares of United Technologies Corporation in a research note on Tuesday, July 25th. BidaskClub raised United Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Finally, UBS AG increased their target price on United Technologies Corporation to $135.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Fourteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $125.27.

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United Technologies Corporation (NYSE:UTX) opened at 118.82 on Friday. The firm has a 50-day moving average price of $115.11 and a 200 day moving average price of $118.06. United Technologies Corporation has a 12 month low of $97.62 and a 12 month high of $124.79. The stock has a market capitalization of $94.91 billion, a PE ratio of 18.10 and a beta of 1.05.

United Technologies Corporation (NYSE:UTX) last posted its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.07. The business had revenue of $15.28 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.82 EPS. Equities analysts anticipate that United Technologies Corporation will post $6.57 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.70 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.80 annualized dividend and a yield of 2.36%. United Technologies Corporation’s payout ratio is presently 42.68%.

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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