Fort Washington Investment Advisors Inc. OH Boosts Position in United Technologies Corporation (NYSE:UTX)

Fort Washington Investment Advisors Inc. OH increased its position in shares of United Technologies Corporation (NYSE:UTX) by 3.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 599,163 shares of the conglomerate’s stock after buying an additional 19,585 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.07% of United Technologies Corporation worth $67,301,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Atalanta Sosnoff Capital LLC increased its stake in United Technologies Corporation by 1.3% in the first quarter. Atalanta Sosnoff Capital LLC now owns 17,192 shares of the conglomerate’s stock worth $1,929,000 after buying an additional 217 shares during the last quarter. Franklin Street Advisors Inc. NC increased its stake in United Technologies Corporation by 9.3% in the first quarter. Franklin Street Advisors Inc. NC now owns 74,823 shares of the conglomerate’s stock worth $8,396,000 after buying an additional 6,390 shares during the last quarter. First Financial Bank N.A. Trust Division increased its stake in United Technologies Corporation by 4.2% in the first quarter. First Financial Bank N.A. Trust Division now owns 38,643 shares of the conglomerate’s stock worth $4,336,000 after buying an additional 1,571 shares during the last quarter. Park National Corp OH increased its stake in United Technologies Corporation by 1.5% in the first quarter. Park National Corp OH now owns 19,375 shares of the conglomerate’s stock worth $2,174,000 after buying an additional 291 shares during the last quarter. Finally, Pensionfund DSM Netherlands bought a new stake in United Technologies Corporation during the first quarter worth about $4,926,000. Institutional investors own 78.81% of the company’s stock.

Shares of United Technologies Corporation (NYSE UTX) opened at 118.52 on Tuesday. The firm has a 50-day moving average of $121.70 and a 200 day moving average of $116.57. The stock has a market capitalization of $94.67 billion, a PE ratio of 18.05 and a beta of 1.06. 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 earnings results on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, beating the 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 business had revenue of $15.28 billion during the quarter, compared to analyst estimates of $15.24 billion. During the same period in the prior year, the business earned $1.82 earnings per share. The business’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts anticipate that United Technologies Corporation will post $6.59 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Friday, August 18th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Wednesday, August 16th. This is an increase from United Technologies Corporation’s previous quarterly dividend of $0.66. United Technologies Corporation’s dividend payout ratio is 40.24%.

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A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Cowen and Company reiterated a “buy” rating and set a $127.00 price target on shares of United Technologies Corporation in a research report on Tuesday, July 25th. BidaskClub downgraded shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Morgan Stanley reiterated an “overweight” rating and set a $138.00 price target (up from $132.00) on shares of United Technologies Corporation in a research report on Monday, July 10th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $125.00 price target on shares of United Technologies Corporation in a research report on Friday, July 7th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $123.54.

About United Technologies Corporation

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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