Rothschild Asset Management Inc. Has $602,000 Position in United Technologies Corporation (UTX)

Rothschild Asset Management Inc. boosted its stake in United Technologies Corporation (NYSE:UTX) by 2.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,926 shares of the conglomerate’s stock after buying an additional 100 shares during the quarter. Rothschild Asset Management Inc.’s holdings in United Technologies Corporation were worth $602,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Boston Partners increased its position in shares of United Technologies Corporation by 3.0% during the 1st quarter. Boston Partners now owns 5,385,002 shares of the conglomerate’s stock valued at $604,251,000 after purchasing an additional 158,696 shares during the last quarter. Legal & General Group Plc increased its position in shares of United Technologies Corporation by 3.6% during the 1st quarter. Legal & General Group Plc now owns 3,682,243 shares of the conglomerate’s stock valued at $413,192,000 after purchasing an additional 128,123 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of United Technologies Corporation by 3.7% during the 1st quarter. Ameriprise Financial Inc. now owns 3,544,737 shares of the conglomerate’s stock valued at $397,774,000 after purchasing an additional 125,003 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of United Technologies Corporation by 0.6% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 3,517,626 shares of the conglomerate’s stock valued at $429,537,000 after purchasing an additional 19,439 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of United Technologies Corporation by 15.8% during the 1st 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 last quarter. 78.79% of the stock is owned by institutional investors and hedge funds.

United Technologies Corporation (UTX) opened at 118.23 on Friday. The firm has a 50-day moving average price of $114.83 and a 200 day moving average price of $117.88. United Technologies Corporation has a 52 week low of $97.62 and a 52 week high of $124.79. The company has a market cap of $94.44 billion, a P/E ratio of 18.01 and a beta of 1.05.

United Technologies Corporation (NYSE:UTX) last posted its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, beating 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 revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.82 earnings per share. Analysts expect that United Technologies Corporation will post $6.57 EPS for the current fiscal year.

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UTX has been the subject of several research analyst reports. Bank of America Corporation reaffirmed a “buy” rating and set a $140.00 target price on shares of United Technologies Corporation in a research report on Wednesday, September 6th. Deutsche Bank AG decreased their target price on United Technologies Corporation from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Wednesday, September 6th. Vertical Research lowered United Technologies Corporation from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Tuesday, September 5th. Cowen and Company lowered United Technologies Corporation from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $127.00 to $120.00 in a research report on Wednesday, September 6th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $136.00 target price on shares of United Technologies Corporation in a research report on Wednesday, July 26th. Fifteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. United Technologies Corporation has a consensus rating of “Hold” and an average target price of $123.84.

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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