Cambridge Investment Research Advisors Inc. grew its holdings in shares of United Technologies Co. (NYSE:UTX) by 9.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 119,565 shares of the conglomerate’s stock after purchasing an additional 10,265 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in United Technologies were worth $14,949,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in UTX. Federated Investors Inc. PA lifted its stake in United Technologies by 28.8% in the 2nd quarter. Federated Investors Inc. PA now owns 67,056 shares of the conglomerate’s stock valued at $8,384,000 after purchasing an additional 15,008 shares during the last quarter. Riverhead Capital Management LLC raised its stake in shares of United Technologies by 12.0% during the second quarter. Riverhead Capital Management LLC now owns 21,330 shares of the conglomerate’s stock valued at $2,667,000 after acquiring an additional 2,286 shares during the last quarter. Credit Agricole S A raised its stake in shares of United Technologies by 101.4% during the second quarter. Credit Agricole S A now owns 866 shares of the conglomerate’s stock valued at $109,000 after acquiring an additional 436 shares during the last quarter. FMR LLC raised its stake in shares of United Technologies by 2.7% during the second quarter. FMR LLC now owns 26,461,071 shares of the conglomerate’s stock valued at $3,308,428,000 after acquiring an additional 707,417 shares during the last quarter. Finally, Tiverton Asset Management LLC bought a new position in shares of United Technologies during the second quarter valued at $1,385,000. Hedge funds and other institutional investors own 82.05% of the company’s stock.

United Technologies stock traded up $2.28 during midday trading on Friday, hitting $137.80. 5,465,030 shares of the stock were exchanged, compared to its average volume of 3,154,510. United Technologies Co. has a 52-week low of $112.65 and a 52-week high of $139.24. The stock has a market cap of $107.12 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 2.03 and a beta of 1.01. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.10 and a current ratio of 1.46.

United Technologies (NYSE:UTX) last announced its quarterly earnings data on Tuesday, July 24th. The conglomerate reported $1.97 EPS for the quarter, topping the consensus estimate of $1.85 by $0.12. The business had revenue of $16.71 billion for the quarter, compared to analyst estimates of $16.26 billion. United Technologies had a net margin of 8.09% and a return on equity of 17.53%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.85 earnings per share. analysts predict that United Technologies Co. will post 7.23 EPS for the current fiscal year.

In other United Technologies news, CFO Akhil Johri sold 3,428 shares of the business’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $135.82, for a total value of $465,590.96. Following the completion of the transaction, the chief financial officer now owns 43,403 shares of the company’s stock, valued at approximately $5,894,995.46. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Robert J. Bailey sold 828 shares of the business’s stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $134.75, for a total transaction of $111,573.00. Following the completion of the transaction, the vice president now directly owns 2,000 shares of the company’s stock, valued at approximately $269,500. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,511 shares of company stock worth $2,521,974. Insiders own 0.17% of the company’s stock.

Several equities analysts have recently issued reports on UTX shares. Jefferies Financial Group set a $157.00 price target on shares of United Technologies and gave the company a “buy” rating in a research note on Tuesday, July 10th. ValuEngine raised shares of United Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Zacks Investment Research raised shares of United Technologies from a “hold” rating to a “buy” rating and set a $141.00 target price for the company in a research note on Friday, June 1st. Finally, UBS Group assumed coverage on shares of United Technologies in a report on Wednesday, August 15th. They issued a “buy” rating for the company. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. United Technologies has an average rating of “Buy” and a consensus price target of $146.78.

About United Technologies

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.

Further Reading: Return on Investment (ROI) Defined, Explained

Institutional Ownership by Quarter for United Technologies (NYSE:UTX)

Receive News & Ratings for United Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Technologies and related companies with MarketBeat.com's FREE daily email newsletter.