National Planning Corp decreased its position in shares of United Technologies Corp. (NYSE:UTX) by 2.5% during the second quarter, Holdings Channel reports. The firm owned 14,410 shares of the company’s stock after selling 373 shares during the period. National Planning Corp’s holdings in United Technologies Corp. were worth $1,531,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in UTX. Chicago Partners Investment Group LLC acquired a new stake in United Technologies Corp. during the second quarter worth about $103,000. Coconut Grove Bank raised its stake in United Technologies Corp. by 5.8% in the second quarter. Coconut Grove Bank now owns 1,037 shares of the company’s stock worth $106,000 after buying an additional 57 shares during the last quarter. Tortoise Investment Management LLC raised its stake in United Technologies Corp. by 6.1% in the second quarter. Tortoise Investment Management LLC now owns 1,065 shares of the company’s stock worth $109,000 after buying an additional 61 shares during the last quarter. Orrstown Financial Services Inc. raised its stake in United Technologies Corp. by 35.6% in the second quarter. Orrstown Financial Services Inc. now owns 1,085 shares of the company’s stock worth $111,000 after buying an additional 285 shares during the last quarter. Finally, CWM LLC raised its stake in United Technologies Corp. by 5.0% in the second quarter. CWM LLC now owns 1,124 shares of the company’s stock worth $115,000 after buying an additional 54 shares during the last quarter. Institutional investors own 80.18% of the company’s stock.
United Technologies Corp. (NYSE:UTX) opened at 101.60 on Friday. United Technologies Corp. has a 52 week low of $83.39 and a 52 week high of $109.83. The firm’s 50-day moving average is $105.11 and its 200-day moving average is $103.14. The company has a market cap of $85.03 billion, a PE ratio of 11.98 and a beta of 1.06.
United Technologies Corp. (NYSE:UTX) last issued its earnings results on Tuesday, July 26th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.14. The company had revenue of $14.90 billion for the quarter, compared to analysts’ expectations of $14.67 billion. United Technologies Corp. had a net margin of 12.79% and a return on equity of 18.14%. United Technologies Corp.’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.81 EPS. On average, analysts expect that United Technologies Corp. will post $6.58 EPS for the current fiscal year.
A number of analysts have recently issued reports on the company. Credit Suisse Group AG restated a “hold” rating and issued a $109.00 target price on shares of United Technologies Corp. in a report on Friday. Zacks Investment Research lowered United Technologies Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of United Technologies Corp. in a report on Monday, September 26th. Deutsche Bank AG reiterated a “hold” rating and set a $107.00 price objective on shares of United Technologies Corp. in a report on Friday, September 23rd. Finally, Wells Fargo & Co. reiterated an “outperform” rating on shares of United Technologies Corp. in a report on Tuesday, September 13th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $110.71.
In related news, VP Charles D. Gill sold 6,202 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $109.00, for a total value of $676,018.00. Following the transaction, the vice president now owns 51,778 shares in the company, valued at approximately $5,643,802. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Charles D. Gill sold 7,144 shares of the company’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $108.05, for a total transaction of $771,909.20. Following the completion of the transaction, the vice president now owns 55,278 shares in the company, valued at approximately $5,972,787.90. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.
United Technologies Corp. Company 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. Its Otis segment designs, manufactures, sells and installs a range of passenger and freight elevators, as well as a line of escalators and moving walkways.
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