Heritage Wealth Advisors Has $1.39 Million Holdings in United Technologies Corporation (UTX)

Heritage Wealth Advisors grew its stake in United Technologies Corporation (NYSE:UTX) by 3.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,387 shares of the conglomerate’s stock after acquiring an additional 419 shares during the quarter. Heritage Wealth Advisors’ holdings in United Technologies Corporation were worth $1,391,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. PGGM Investments lifted its holdings in shares of United Technologies Corporation by 52.4% during the second quarter. PGGM Investments now owns 749,206 shares of the conglomerate’s stock valued at $91,486,000 after purchasing an additional 257,582 shares in the last quarter. Huntington National Bank lifted its holdings in shares of United Technologies Corporation by 3.7% during the second quarter. Huntington National Bank now owns 284,531 shares of the conglomerate’s stock valued at $34,744,000 after purchasing an additional 10,025 shares in the last quarter. Pioneer Investment Management Inc. lifted its holdings in shares of United Technologies Corporation by 2.1% during the first quarter. Pioneer Investment Management Inc. now owns 1,223,811 shares of the conglomerate’s stock valued at $137,324,000 after purchasing an additional 25,625 shares in the last quarter. Private Wealth Advisors Inc. lifted its holdings in shares of United Technologies Corporation by 14.9% during the first quarter. Private Wealth Advisors Inc. now owns 23,551 shares of the conglomerate’s stock valued at $2,643,000 after purchasing an additional 3,051 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of United Technologies Corporation by 0.6% during the second quarter. Russell Investments Group Ltd. now owns 1,695,965 shares of the conglomerate’s stock valued at $207,154,000 after purchasing an additional 9,664 shares in the last quarter. 78.79% of the stock is currently owned by institutional investors and hedge funds.

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A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded United Technologies Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Cowen and Company reaffirmed a “buy” rating and set a $127.00 price target on shares of United Technologies Corporation in a report on Tuesday, July 25th. BidaskClub downgraded United Technologies Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Morgan Stanley reaffirmed an “overweight” rating and set a $138.00 price target (up from $132.00) on shares of United Technologies Corporation in a report on Monday, July 10th. Finally, UBS AG upped their price target on United Technologies Corporation to $135.00 and gave the company a “buy” rating in a report on Monday, July 10th. Fifteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. United Technologies Corporation currently has a consensus rating of “Hold” and a consensus target price of $123.84.

Shares of United Technologies Corporation (UTX) opened at 118.23 on Friday. United Technologies Corporation has a 52-week low of $97.62 and a 52-week high of $124.79. The company’s 50 day moving average price is $114.83 and its 200 day moving average price is $117.88. The stock has a market cap of $94.44 billion, a PE ratio of 18.01 and a beta of 1.05.

United Technologies Corporation (NYSE:UTX) last released its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. The company had revenue of $15.28 billion during the quarter, compared to analysts’ expectations of $15.24 billion. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. United Technologies Corporation’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.82 EPS. On average, analysts anticipate 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.

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

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