United Technologies Corporation (UTX) Stake Lowered by Nwam LLC

Nwam LLC cut its holdings in United Technologies Corporation (NYSE:UTX) by 10.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,679 shares of the conglomerate’s stock after selling 305 shares during the quarter. Nwam LLC’s holdings in United Technologies Corporation were worth $327,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of UTX. Harbour Capital Advisors LLC boosted its stake in shares of United Technologies Corporation by 11,652.2% in the second quarter. Harbour Capital Advisors LLC now owns 2,127,156 shares of the conglomerate’s stock worth $17,420,000 after acquiring an additional 2,109,056 shares during the last quarter. Flossbach Von Storch AG boosted its stake in shares of United Technologies Corporation by 95.6% in the second quarter. Flossbach Von Storch AG now owns 1,617,008 shares of the conglomerate’s stock worth $197,453,000 after acquiring an additional 790,496 shares during the last quarter. Swiss National Bank boosted its stake in shares of United Technologies Corporation by 25.2% in the first quarter. Swiss National Bank now owns 2,771,721 shares of the conglomerate’s stock worth $311,015,000 after acquiring an additional 557,300 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of United Technologies Corporation by 15.8% in the first quarter. American Century Companies Inc. now owns 3,430,061 shares of the conglomerate’s stock worth $384,887,000 after acquiring an additional 468,515 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in shares of United Technologies Corporation in the first quarter worth approximately $40,211,000. Institutional investors and hedge funds own 78.79% of the company’s stock.

A number of analysts have recently issued reports on UTX shares. UBS AG lifted their price target on United Technologies Corporation to $135.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Jefferies Group LLC reaffirmed a “buy” rating on shares of United Technologies Corporation in a research note on Thursday, July 27th. Cowen and Company reaffirmed a “buy” rating and issued a $127.00 price target on shares of United Technologies Corporation in a research note on Tuesday, September 5th. Credit Suisse Group reissued a “neutral” rating on shares of United Technologies Corporation in a research note on Friday, September 1st. Finally, BidaskClub lowered United Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Fifteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $123.84.

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Shares of United Technologies Corporation (UTX) opened at 118.23 on Monday. The stock has a market cap of $94.44 billion, a P/E ratio of 18.01 and a beta of 1.05. The company 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 12-month low of $97.62 and a 12-month high of $124.79.

United Technologies Corporation (NYSE:UTX) last issued its earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.07. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The firm had revenue of $15.28 billion for the quarter, compared to analysts’ expectations of $15.24 billion. During the same quarter last year, the firm earned $1.82 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts anticipate that United Technologies Corporation will post $6.57 earnings per share for the current fiscal year.

United Technologies Corporation 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. 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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