VNBTrust National Association Holds Holdings in United Technologies Corporation (UTX)

VNBTrust National Association maintained its stake in United Technologies Corporation (NYSE:UTX) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,337 shares of the conglomerate’s stock at the close of the 2nd quarter. VNBTrust National Association’s holdings in United Technologies Corporation were worth $285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of UTX. Swiss National Bank increased its holdings in United Technologies Corporation by 25.2% during the 1st quarter. Swiss National Bank now owns 2,771,721 shares of the conglomerate’s stock worth $311,015,000 after purchasing an additional 557,300 shares in the last quarter. American Century Companies Inc. increased its holdings in 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 worth $384,887,000 after purchasing an additional 468,515 shares in the last quarter. Karp Capital Management Corp bought a new stake in United Technologies Corporation during the 1st quarter worth approximately $40,211,000. UBS Asset Management Americas Inc. increased its holdings in United Technologies Corporation by 11.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 2,858,758 shares of the conglomerate’s stock worth $320,781,000 after purchasing an additional 301,484 shares in the last quarter. Finally, Bank of Nova Scotia increased its holdings in United Technologies Corporation by 841.0% during the 1st quarter. Bank of Nova Scotia now owns 262,411 shares of the conglomerate’s stock worth $29,445,000 after purchasing an additional 234,525 shares in the last quarter. 78.85% of the stock is owned by hedge funds and other institutional investors.

UTX has been the subject of a number of recent research reports. Zacks Investment Research raised United Technologies Corporation from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a report on Friday, June 23rd. Jefferies Group LLC reissued a “buy” rating on shares of United Technologies Corporation in a report on Wednesday, May 31st. BidaskClub raised United Technologies Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. UBS AG boosted their price objective on United Technologies Corporation to $135.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Finally, Cowen and Company reissued a “buy” rating and set a $127.00 price objective on shares of United Technologies Corporation in a report on Tuesday, July 25th. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $124.48.

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United Technologies Corporation (NYSE UTX) traded up 0.26% during trading on Friday, reaching $113.43. The company had a trading volume of 3,124,760 shares. The firm has a market capitalization of $90.60 billion, a PE ratio of 17.28 and a beta of 1.05. The firm’s 50 day moving average price is $116.03 and its 200 day moving average price is $117.52. 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 announced its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.07. The company 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 quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.82 earnings per share. Equities research analysts forecast that United Technologies Corporation will post $6.57 EPS 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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