United Technologies Corporation (UTX) Shares Bought by Armstrong Henry H Associates Inc.

Armstrong Henry H Associates Inc. grew its position in shares of United Technologies Corporation (NYSE:UTX) by 12.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 13,524 shares of the conglomerate’s stock after acquiring an additional 1,512 shares during the period. United Technologies Corporation comprises about 0.3% of Armstrong Henry H Associates Inc.’s holdings, making the stock its 26th largest holding. Armstrong Henry H Associates Inc.’s holdings in United Technologies Corporation were worth $1,651,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. grew its holdings in shares of United Technologies Corporation by 14.3% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock worth $112,000 after acquiring an additional 125 shares during the period. Alexandria Capital LLC grew its holdings in shares of United Technologies Corporation by 0.4% during the 1st quarter. Alexandria Capital LLC now owns 1,075 shares of the conglomerate’s stock worth $121,000 after acquiring an additional 4 shares during the period. Exane Derivatives purchased a new position in shares of United Technologies Corporation during the 2nd quarter worth approximately $141,000. Proficio Capital Partners LLC grew its holdings in shares of United Technologies Corporation by 42.3% during the 1st quarter. Proficio Capital Partners LLC now owns 1,298 shares of the conglomerate’s stock worth $158,000 after acquiring an additional 386 shares during the period. Finally, Thompson Davis & CO. Inc. grew its holdings in shares of United Technologies Corporation by 22.9% during the 1st quarter. Thompson Davis & CO. Inc. now owns 1,338 shares of the conglomerate’s stock worth $150,000 after acquiring an additional 249 shares during the period. Hedge funds and other institutional investors own 78.79% of the company’s stock.

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Several analysts recently weighed in on UTX shares. Zacks Investment Research downgraded United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Cowen and Company restated a “buy” rating and issued a $127.00 price target on shares of United Technologies Corporation in a research note on Tuesday, July 25th. BidaskClub downgraded United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Morgan Stanley restated an “overweight” rating and issued a $138.00 price target (up previously from $132.00) on shares of United Technologies Corporation in a research note on Monday, July 10th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $126.00 price target on shares of United Technologies Corporation in a research note on Friday, July 7th. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. United Technologies Corporation currently has an average rating of “Hold” and a consensus price target of $124.48.

United Technologies Corporation (NYSE UTX) opened at 115.01 on Monday. The company has a market capitalization of $91.87 billion, a PE ratio of 17.52 and a beta of 1.05. The stock’s 50 day moving average price is $115.56 and its 200 day moving average price is $117.60. 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 released its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.07. The business had revenue of $15.28 billion for the quarter, compared to analyst estimates 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 for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.82 earnings per share. On average, equities analysts anticipate that United Technologies Corporation will post $6.57 EPS for the current fiscal year.

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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