Robinson Value Management Ltd. Has $4.24 Million Position in United Technologies Corporation (UTX)

Robinson Value Management Ltd. increased its holdings in United Technologies Corporation (NYSE:UTX) by 3.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 34,751 shares of the conglomerate’s stock after acquiring an additional 1,234 shares during the period. United Technologies Corporation makes up about 4.0% of Robinson Value Management Ltd.’s holdings, making the stock its 2nd largest holding. Robinson Value Management Ltd.’s holdings in United Technologies Corporation were worth $4,243,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Catawba Capital Management VA lifted its stake in United Technologies Corporation by 0.6% during the second quarter. Catawba Capital Management VA now owns 22,801 shares of the conglomerate’s stock worth $2,784,000 after purchasing an additional 125 shares in the last quarter. Lau Associates LLC lifted its stake in United Technologies Corporation by 29.9% during the second quarter. Lau Associates LLC now owns 12,567 shares of the conglomerate’s stock worth $1,535,000 after purchasing an additional 2,893 shares in the last quarter. American National Bank lifted its stake in United Technologies Corporation by 44.5% during the second quarter. American National Bank now owns 2,666 shares of the conglomerate’s stock worth $326,000 after purchasing an additional 821 shares in the last quarter. McQueen Ball & Associates Inc. lifted its stake in United Technologies Corporation by 0.8% during the second quarter. McQueen Ball & Associates Inc. now owns 16,500 shares of the conglomerate’s stock worth $2,015,000 after purchasing an additional 130 shares in the last quarter. Finally, Grassi Investment Management lifted its stake in United Technologies Corporation by 1.0% during the second quarter. Grassi Investment Management now owns 42,639 shares of the conglomerate’s stock worth $5,207,000 after purchasing an additional 425 shares in the last quarter. Institutional investors own 78.85% of the company’s stock.

Shares of United Technologies Corporation (NYSE UTX) traded down 0.05% during midday trading on Friday, reaching $113.08. The company’s stock had a trading volume of 6,529,563 shares. The stock has a 50 day moving average of $115.87 and a 200-day moving average of $117.52. The company has a market capitalization of $90.33 billion, a P/E ratio of 17.22 and a beta of 1.05. United Technologies Corporation has a 1-year low of $97.62 and a 1-year high of $124.79.

United Technologies Corporation (NYSE:UTX) last posted its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.07. The business had revenue of $15.28 billion during the quarter, compared to analysts’ expectations of $15.24 billion. United Technologies Corporation had a net margin of 9.15% and a return on equity of 18.07%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.82 earnings per share. On average, equities research analysts anticipate that United Technologies Corporation will post $6.57 earnings per share for the current year.

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A number of research analysts have commented on UTX shares. Zacks Investment Research cut United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Jefferies Group LLC restated a “buy” rating on shares of United Technologies Corporation in a research note on Wednesday, May 31st. Royal Bank Of Canada restated a “hold” rating and set a $125.00 price target on shares of United Technologies Corporation in a research note on Friday, June 2nd. HSBC Holdings plc started coverage on United Technologies Corporation in a research note on Monday, June 12th. They set a “hold” rating and a $125.00 price target on the stock. Finally, Morgan Stanley restated an “overweight” rating and set a $132.00 price target (up from $128.00) on shares of United Technologies Corporation in a research note on Thursday, June 22nd. Sixteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. United Technologies Corporation has an average rating of “Hold” and an average target price of $124.48.

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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