Catawba Capital Management VA Raises Holdings in United Technologies Corporation (UTX)

Catawba Capital Management VA grew its position in shares of United Technologies Corporation (NYSE:UTX) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,801 shares of the conglomerate’s stock after purchasing an additional 125 shares during the quarter. Catawba Capital Management VA’s holdings in United Technologies Corporation were worth $2,784,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Alexandria Capital LLC grew its holdings in shares of United Technologies Corporation by 0.4% during 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% during 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% during 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. Hudock Capital Group LLC grew its holdings in shares of United Technologies Corporation by 0.5% during the first quarter. Hudock Capital Group LLC now owns 3,690 shares of the conglomerate’s stock worth $414,000 after purchasing an additional 17 shares during the last quarter. Finally, FCG Advisors LLC grew its holdings in shares of United Technologies Corporation by 1.1% during the first quarter. FCG Advisors LLC now owns 2,296 shares of the conglomerate’s stock worth $258,000 after purchasing an additional 24 shares during the last quarter. 78.85% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on the company. BidaskClub raised United Technologies Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $125.00 price objective on shares of United Technologies Corporation in a report on Friday, June 2nd. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $135.00 price objective (up previously from $130.00) on shares of United Technologies Corporation in a report on Friday, July 21st. Zacks Investment Research raised United Technologies Corporation from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a report on Monday, June 5th. Finally, Vertical Research lowered United Technologies Corporation from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a report on Tuesday, September 5th. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $124.48.

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Shares of United Technologies Corporation (UTX) traded down 0.05% during midday trading on Friday, reaching $113.08. 6,529,563 shares of the company were exchanged. The company’s 50-day moving average price is $115.87 and its 200 day moving average price is $117.52. The stock has a market capitalization of $90.33 billion, a price-to-earnings ratio of 17.22 and a beta of 1.05. United Technologies Corporation has a 52-week low of $97.62 and a 52-week high of $124.79.

United Technologies Corporation (NYSE:UTX) last posted its earnings results on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, topping 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 firm had revenue of $15.28 billion during the quarter, compared to analysts’ expectations of $15.24 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. United Technologies Corporation’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts predict that United Technologies Corporation will post $6.57 earnings per share for the current year.

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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