Delta Capital Management Lowers stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Delta Capital Management reduced its stake in United Technologies Corporation by 12.57% during the most recent quarter end. The investment management company now holds a total of 27,187 shares of United Technologies Corporation which is valued at $2,889,706 after selling 3,908 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.United Technologies Corporation makes up approximately 2.17% of Delta Capital Management’s portfolio.

Other Hedge Funds, Including , Trimtabs Asset Management sold out all of its stake in UTX during the most recent quarter. The investment firm sold 17,942 shares of UTX which is valued $1,907,055. Glenview State Bank Trust Dept. added UTX to its portfolio by purchasing 1,988 company shares during the most recent quarter which is valued at $214,008. United Technologies Corporation makes up approx 0.12% of Glenview State Bank Trust Dept.’s portfolio.First National Trust Co boosted its stake in UTX in the latest quarter, The investment management firm added 936 additional shares and now holds a total of 55,866 shares of United Technologies Corporation which is valued at $6,016,210. United Technologies Corporation makes up approx 0.90% of First National Trust Co’s portfolio.Eastern Bank boosted its stake in UTX in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 4,038 shares of United Technologies Corporation which is valued at $425,969. United Technologies Corporation makes up approx 0.03% of Eastern Bank’s portfolio.

United Technologies Corporation opened for trading at $106.55 and hit $107.07 on the upside on Thursday, eventually ending the session at $106.36, with a gain of 0.07% or 0.07 points. The heightened volatility saw the trading volume jump to 18,62,915 shares. Company has a market cap of $89,016 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.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *