United Technologies Corporation (UTX) Holdings Trimmed by B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund

B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund lessened its holdings in United Technologies Corporation (NYSE:UTX) by 7.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,610 shares of the conglomerate’s stock after selling 2,080 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in United Technologies Corporation were worth $2,874,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Alexandria Capital LLC grew its stake in United Technologies Corporation by 0.4% during the first quarter. Alexandria Capital LLC now owns 1,075 shares of the conglomerate’s stock worth $121,000 after buying an additional 4 shares during the last quarter. TCI Wealth Advisors Inc. grew its stake in United Technologies Corporation by 0.3% during the first quarter. TCI Wealth Advisors Inc. now owns 2,501 shares of the conglomerate’s stock worth $281,000 after buying an additional 7 shares during the last quarter. Jackson Grant Investment Advisers Inc. grew its stake in United Technologies Corporation by 0.5% during the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,780 shares of the conglomerate’s stock worth $200,000 after buying an additional 9 shares during the last quarter. Hudock Capital Group LLC grew its stake in United Technologies Corporation by 0.5% during the first quarter. Hudock Capital Group LLC now owns 3,690 shares of the conglomerate’s stock worth $414,000 after buying an additional 17 shares during the last quarter. Finally, FCG Advisors LLC grew its stake in United Technologies Corporation by 1.1% during the first quarter. FCG Advisors LLC now owns 2,296 shares of the conglomerate’s stock worth $258,000 after buying an additional 24 shares during the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on UTX shares. Zacks Investment Research raised shares of United Technologies Corporation from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a research note on Monday, May 22nd. Jefferies Group LLC reissued a “buy” rating on shares of United Technologies Corporation in a research note on Wednesday, May 31st. Royal Bank Of Canada reissued 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 began coverage on shares of 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 issued a $132.00 price objective (up from $128.00) on shares of United Technologies Corporation in a report on Thursday, June 22nd. Sixteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $124.48.

Shares of United Technologies Corporation (UTX) traded up 0.25% on Tuesday, hitting $113.05. 1,494,971 shares of the stock were exchanged. United Technologies Corporation has a 1-year low of $97.62 and a 1-year high of $124.79. The stock’s 50-day moving average is $115.70 and its 200-day moving average is $117.58. The stock has a market cap of $90.30 billion, a price-to-earnings ratio of 17.22 and a beta of 1.05.

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, topping 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 business had revenue of $15.28 billion during the quarter, compared to analyst estimates of $15.24 billion. During the same quarter in the previous year, the firm earned $1.82 EPS. United Technologies Corporation’s revenue was up 2.7% on a year-over-year basis. Analysts forecast that United Technologies Corporation will post $6.57 earnings per share for the current year.

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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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