diff --git a/CMakeLists.txt b/CMakeLists.txt
index fc05f30e4cd..61ecfdf970d 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -288,6 +288,10 @@ set(LLVM_LIBDIR_SUFFIX "" CACHE STRING "Define suffix of library directory name
 set(LLVM_TOOLS_INSTALL_DIR "bin" CACHE STRING "Path for binary subdirectory (defaults to 'bin')")
 mark_as_advanced(LLVM_TOOLS_INSTALL_DIR)
 
+set(LLVM_UTILS_INSTALL_DIR "bin" CACHE STRING
+    "Path to install LLVM utilities (enabled by LLVM_INSTALL_UTILS=ON) (defaults to LLVM_TOOLS_INSTALL_DIR)")
+mark_as_advanced(LLVM_TOOLS_INSTALL_DIR)
+
 # They are used as destination of target generators.
 set(LLVM_RUNTIME_OUTPUT_INTDIR ${CMAKE_CURRENT_BINARY_DIR}/${CMAKE_CFG_INTDIR}/bin)
 set(LLVM_LIBRARY_OUTPUT_INTDIR ${CMAKE_CURRENT_BINARY_DIR}/${CMAKE_CFG_INTDIR}/lib${LLVM_LIBDIR_SUFFIX})
diff --git a/cmake/modules/AddLLVM.cmake b/cmake/modules/AddLLVM.cmake
index 2b54bdbf290..f4d5f4663f2 100644
--- a/cmake/modules/AddLLVM.cmake
+++ b/cmake/modules/AddLLVM.cmake
@@ -865,7 +865,7 @@ macro(add_llvm_utility name)
   set_target_properties(${name} PROPERTIES FOLDER "Utils")
   if( LLVM_INSTALL_UTILS AND LLVM_BUILD_UTILS )
     install (TARGETS ${name}
-      RUNTIME DESTINATION bin
+      RUNTIME DESTINATION ${LLVM_UTILS_INSTALL_DIR}
       COMPONENT ${name})
     if (NOT CMAKE_CONFIGURATION_TYPES)
       add_custom_target(install-${name}