United Technologies Corporation (UTX) Shares Bought by Benedict Financial Advisors Inc.

Benedict Financial Advisors Inc. boosted its position in United Technologies Corporation (NYSE:UTX) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,369 shares of the conglomerate’s stock after buying an additional 89 shares during the quarter. United Technologies Corporation makes up about 1.5% of Benedict Financial Advisors Inc.’s holdings, making the stock its 22nd biggest position. Benedict Financial Advisors Inc.’s holdings in United Technologies Corporation were worth $2,886,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Braun Stacey Associates Inc. grew its stake in United Technologies Corporation by 34.8% in the 2nd quarter. Braun Stacey Associates Inc. now owns 3,100 shares of the conglomerate’s stock valued at $379,000 after buying an additional 800 shares during the last quarter. Cadence Bank NA grew its stake in United Technologies Corporation by 3.2% in the 2nd quarter. Cadence Bank NA now owns 8,824 shares of the conglomerate’s stock valued at $1,077,000 after buying an additional 271 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in United Technologies Corporation by 1.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 63,740 shares of the conglomerate’s stock valued at $7,783,000 after buying an additional 630 shares during the last quarter. Welch Investments LLC grew its stake in United Technologies Corporation by 1.8% in the 2nd quarter. Welch Investments LLC now owns 37,190 shares of the conglomerate’s stock valued at $4,541,000 after buying an additional 654 shares during the last quarter. Finally, Grove Bank & Trust grew its stake in United Technologies Corporation by 6.2% in the 2nd quarter. Grove Bank & Trust now owns 2,396 shares of the conglomerate’s stock valued at $293,000 after buying an additional 139 shares during the last quarter. Institutional investors and hedge funds own 78.78% of the company’s stock.

United Technologies Corporation (NYSE:UTX) opened at 117.75 on Thursday. The stock’s 50 day moving average is $115.06 and its 200-day moving average is $118.06. The company has a market capitalization of $94.06 billion, a P/E ratio of 17.94 and a beta of 1.05. 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.07. United Technologies Corporation had a net margin of 9.15% and a return on equity of 18.07%. The business had revenue of $15.28 billion for the quarter, compared to the consensus estimate of $15.24 billion. During the same period in the prior year, the company posted $1.82 earnings per share. United Technologies Corporation’s revenue was up 2.7% compared to the same quarter last year. On average, equities analysts predict that United Technologies Corporation will post $6.57 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Friday, November 17th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.38%. United Technologies Corporation’s dividend payout ratio (DPR) is presently 42.68%.

A number of research firms recently issued reports on UTX. Zacks Investment Research lowered shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Cowen and Company reiterated a “buy” rating and issued a $127.00 target price on shares of United Technologies Corporation in a research note on Tuesday, July 25th. BidaskClub lowered shares of 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 from $132.00) on shares of United Technologies Corporation in a research report on Monday, July 10th. Finally, UBS AG raised their price target on shares of United Technologies Corporation to $135.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $125.27.

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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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