Telos Capital Management Inc. Increases Stake in United Technologies Corporation (UTX)

Telos Capital Management Inc. lifted its stake in shares of United Technologies Corporation (NYSE:UTX) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,506 shares of the conglomerate’s stock after purchasing an additional 13 shares during the quarter. Telos Capital Management Inc.’s holdings in United Technologies Corporation were worth $2,626,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Alexandria Capital LLC boosted its stake in United Technologies Corporation by 0.3% during the 2nd quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock valued at $132,000 after purchasing an additional 3 shares in the last quarter. TCI Wealth Advisors Inc. boosted its stake in shares of United Technologies Corporation by 0.3% during the 1st quarter. TCI Wealth Advisors Inc. now owns 2,501 shares of the conglomerate’s stock worth $281,000 after acquiring an additional 7 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in shares of United Technologies Corporation by 0.5% during the 1st quarter. Jackson Grant Investment Advisers Inc. now owns 1,780 shares of the conglomerate’s stock worth $200,000 after acquiring an additional 9 shares in the last quarter. Kissinger Financial Services LLC boosted its stake in shares of United Technologies Corporation by 0.5% during the 2nd quarter. Kissinger Financial Services LLC now owns 2,095 shares of the conglomerate’s stock worth $256,000 after acquiring an additional 11 shares in the last quarter. Finally, Baystate Wealth Management LLC lifted its holdings in shares of United Technologies Corporation by 0.5% in the second quarter. Baystate Wealth Management LLC now owns 2,262 shares of the conglomerate’s stock valued at $279,000 after purchasing an additional 11 shares in the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

United Technologies Corporation (UTX) opened at 118.23 on Monday. United Technologies Corporation has a 1-year low of $97.62 and a 1-year high of $124.79. The stock has a 50 day moving average of $114.83 and a 200-day moving average of $117.88. The company 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 issued its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.07. The business had revenue of $15.28 billion during the quarter, compared to the consensus estimate of $15.24 billion. United Technologies Corporation had a net margin of 9.15% and a return on equity of 18.07%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.82 EPS. On average, equities research analysts predict that United Technologies Corporation will post $6.57 earnings per share for the current year.

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A number of analysts have recently issued reports on UTX shares. Cowen and Company lowered United Technologies Corporation from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $127.00 to $120.00 in a report on Wednesday, September 6th. Bank of America Corporation reiterated a “buy” rating and set a $140.00 price objective on shares of United Technologies Corporation in a report on Wednesday, September 6th. Jefferies Group LLC restated a “buy” rating and set a $139.00 target price on shares of United Technologies Corporation in a report on Tuesday, August 29th. Credit Suisse Group restated a “buy” rating and set a $136.00 target price on shares of United Technologies Corporation in a report on Wednesday, July 26th. Finally, BidaskClub upgraded United Technologies Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Fifteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus 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.

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

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