Genesee Valley Trust Co buys $1,170,913 stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Genesee Valley Trust Co scooped up 260 additional shares in United Technologies Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 10,873 shares of United Technologies Corporation which is valued at $1,170,913.United Technologies Corporation makes up approximately 0.76% of Genesee Valley Trust Co’s portfolio.

Other Hedge Funds, Including , Yhb Investment Advisors boosted its stake in UTX in the latest quarter, The investment management firm added 3,523 additional shares and now holds a total of 83,327 shares of United Technologies Corporation which is valued at $8,760,168. United Technologies Corporation makes up approx 1.86% of Yhb Investment Advisors’s portfolio.Eagle Ridge Investment Management reduced its stake in UTX by selling 32 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 51,253 shares of UTX which is valued at $5,388,228. United Technologies Corporation makes up approx 1.19% of Eagle Ridge Investment Management’s portfolio.Mechanics Bank Trust Department reduced its stake in UTX by selling 104 shares or 0.21% in the most recent quarter. The Hedge Fund company now holds 49,230 shares of UTX which is valued at $5,220,349. United Technologies Corporation makes up approx 1.87% of Mechanics Bank Trust Department’s portfolio.Ronna Sue Cohen boosted its stake in UTX in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 2,722 shares of United Technologies Corporation which is valued at $286,055. United Technologies Corporation makes up approx 0.21% of Ronna Sue Cohen’s portfolio.

United Technologies Corporation opened for trading at $107.5 and hit $108.08 on the upside on Friday, eventually ending the session at $107.65, with a gain of 0.07% or 0.07 points. The heightened volatility saw the trading volume jump to 32,32,646 shares. Company has a market cap of $90,089 M.

On the company’s financial health, United Technologies Corporation reported $1.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.68. The company had revenue of $14874.00 million for the quarter, compared to analysts expectations of $14692.67 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.81 EPS.

Investors should note that on Jun 8, 2016, United Technologies Corporation announced a cash dividend of $0.6600. The company’s management has announced Aug 17, 2016 as the ex-dividend date and fixed the record date on Aug 19, 2016. The payable date has been fixed on Sep 10, 2016.

Many Wall Street Analysts have commented on United Technologies Corporation. Shares were Downgraded by RBC Capital Mkts on May 3, 2016 to ” Sector Perform” and Lowered the Price Target to $ 108 from a previous price target of $109 .United Technologies Corporation was Downgraded by Goldman to ” Neutral” on May 2, 2016.

United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries across the world. The Company operates through five segments: Otis; UTC Climate Controls & Security; Pratt & Whitney; UTC Aerospace Systems and Sikorsky. Otis designs manufactures sells and installs a range of passenger and freight elevators for low- medium- and high-speed applications as well as a line of escalators and moving walkways. UTC Climate Controls & Security is a provider of heating ventilating air conditioning (HVAC) and refrigeration solutions. Pratt & Whitney segment supplies aircraft engines for the commercial military business jet and general aviation markets. UTC Aerospace Systems is a global provider of technologically advanced aerospace products and aftermarket service solutions. Its Sikorsky segment manufactures military and commercial helicopters and also provides aftermarket helicopter and aircraft parts and services.

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