United Technologies Corporation (UTX) Shares Sold by Bremer Trust National Association

Bremer Trust National Association reduced its stake in United Technologies Corporation (NYSE:UTX) by 12.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,930 shares of the conglomerate’s stock after selling 3,802 shares during the period. United Technologies Corporation makes up approximately 0.9% of Bremer Trust National Association’s portfolio, making the stock its 20th biggest position. Bremer Trust National Association’s holdings in United Technologies Corporation were worth $3,289,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Private Wealth Advisors Inc. raised its holdings in United Technologies Corporation by 14.9% in the 1st quarter. Private Wealth Advisors Inc. now owns 23,551 shares of the conglomerate’s stock valued at $2,643,000 after buying an additional 3,051 shares during the period. Pioneer Investment Management Inc. raised its holdings in United Technologies Corporation by 2.1% in the 1st quarter. Pioneer Investment Management Inc. now owns 1,223,811 shares of the conglomerate’s stock valued at $137,324,000 after buying an additional 25,625 shares during the period. Smith Moore & CO. raised its holdings in United Technologies Corporation by 11.7% in the 1st quarter. Smith Moore & CO. now owns 2,701 shares of the conglomerate’s stock valued at $303,000 after buying an additional 282 shares during the period. Lincoln National Corp raised its holdings in United Technologies Corporation by 102.1% in the 1st quarter. Lincoln National Corp now owns 4,961 shares of the conglomerate’s stock valued at $557,000 after buying an additional 2,506 shares during the period. Finally, Asset Planning Services Inc. LA ADV raised its holdings in United Technologies Corporation by 0.3% in the 1st quarter. Asset Planning Services Inc. LA ADV now owns 33,071 shares of the conglomerate’s stock valued at $3,711,000 after buying an additional 90 shares during the period. Hedge funds and other institutional investors own 78.85% of the company’s stock.

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Several brokerages recently issued reports on UTX. Deutsche Bank AG reduced their price objective on shares of United Technologies Corporation from $125.00 to $120.00 and set a “hold” rating on the stock in a report on Wednesday, September 6th. Bank of America Corporation restated a “buy” rating and issued a $140.00 price objective on shares of United Technologies Corporation in a report on Wednesday, September 6th. Cowen and Company lowered shares of United Technologies Corporation from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $127.00 to $120.00 in a report on Wednesday, September 6th. Vertical Research lowered shares of United Technologies Corporation from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a report on Tuesday, September 5th. Finally, Credit Suisse Group restated a “neutral” rating on shares of United Technologies Corporation in a report on Friday, September 1st. Sixteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $124.48.

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

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