Regentatlantic Capital LLC Buys 555 Shares of United Technologies Corporation (UTX)

Regentatlantic Capital LLC raised its holdings in United Technologies Corporation (NYSE:UTX) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,899 shares of the conglomerate’s stock after purchasing an additional 555 shares during the period. Regentatlantic Capital LLC’s holdings in United Technologies Corporation were worth $4,017,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of UTX. Swiss National Bank grew its holdings in United Technologies Corporation by 25.2% in the first quarter. Swiss National Bank now owns 2,771,721 shares of the conglomerate’s stock valued at $311,015,000 after purchasing an additional 557,300 shares during the period. American Century Companies Inc. grew its holdings in United Technologies Corporation by 15.8% in the first quarter. American Century Companies Inc. now owns 3,430,061 shares of the conglomerate’s stock valued at $384,887,000 after purchasing an additional 468,515 shares during the period. Karp Capital Management Corp acquired a new stake in United Technologies Corporation in the first quarter valued at approximately $40,211,000. UBS Asset Management Americas Inc. lifted its position in shares of United Technologies Corporation by 11.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,858,758 shares of the conglomerate’s stock valued at $320,781,000 after acquiring an additional 301,484 shares in the last quarter. Finally, PGGM Investments lifted its position in shares of United Technologies Corporation by 52.4% in the second quarter. PGGM Investments now owns 749,206 shares of the conglomerate’s stock valued at $91,486,000 after acquiring an additional 257,582 shares in the last quarter. 78.79% of the stock is currently owned by institutional investors.

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Shares of United Technologies Corporation (NYSE UTX) opened at 115.01 on Friday. United Technologies Corporation has a 52 week low of $97.62 and a 52 week high of $124.79. The firm has a market capitalization of $91.87 billion, a PE ratio of 17.52 and a beta of 1.05. The stock has a 50 day moving average price of $115.56 and a 200-day moving average price of $117.60.

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

UTX has been the topic of several research reports. UBS AG raised their target price on United Technologies Corporation to $135.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Jefferies Group LLC restated a “buy” rating on shares of United Technologies Corporation in a research report on Thursday, July 27th. Cowen and Company restated a “buy” rating and issued a $127.00 target price on shares of United Technologies Corporation in a research report on Tuesday, September 5th. Credit Suisse Group restated a “neutral” rating on shares of United Technologies Corporation in a research report on Friday, September 1st. Finally, BidaskClub downgraded United Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Sixteen investment 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 an average target price of $124.48.

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.

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

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