United Technologies Corporation (UTX) Shares Sold by Naples Global Advisors LLC

Naples Global Advisors LLC cut its stake in United Technologies Corporation (NYSE:UTX) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,856 shares of the conglomerate’s stock after selling 340 shares during the period. Naples Global Advisors LLC’s holdings in United Technologies Corporation were worth $1,204,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Alexandria Capital LLC grew its holdings 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 worth $121,000 after purchasing an additional 4 shares during the last quarter. TCI Wealth Advisors Inc. grew its holdings 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 worth $281,000 after purchasing an additional 7 shares during the last quarter. Jackson Grant Investment Advisers Inc. grew its holdings 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 worth $200,000 after purchasing an additional 9 shares during the last quarter. Kissinger Financial Services LLC grew its holdings in shares of United Technologies Corporation by 0.5% in the second quarter. Kissinger Financial Services LLC now owns 2,095 shares of the conglomerate’s stock worth $256,000 after purchasing an additional 11 shares during the last quarter. Finally, Baystate Wealth Management LLC grew its holdings in shares of United Technologies Corporation by 0.5% in the second quarter. Baystate Wealth Management LLC now owns 2,262 shares of the conglomerate’s stock worth $279,000 after purchasing an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 78.85% of the company’s stock.

A number of research analysts have recently commented on UTX shares. Zacks Investment Research upgraded shares of United Technologies Corporation from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Tuesday, May 16th. Jefferies Group LLC restated a “buy” rating on shares of United Technologies Corporation in a report on Wednesday, May 31st. BidaskClub upgraded shares of United Technologies Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. UBS AG upped their price target on shares of United Technologies Corporation to $135.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Finally, Cowen and Company restated a “buy” rating and issued a $127.00 price target on shares of United Technologies Corporation in a report on Tuesday, July 25th. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $124.48.

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United Technologies Corporation (NYSE UTX) traded up 0.17% during mid-day trading on Tuesday, hitting $109.83. 2,239,805 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $117.10 and its 200-day moving average price is $117.68. The stock has a market cap of $87.73 billion, a PE ratio of 16.73 and a beta of 1.05. United Technologies Corporation has a one year low of $97.62 and a one year high of $124.79.

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

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