West Coast Financial buys $750,301 stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : West Coast Financial scooped up 200 additional shares in United Technologies Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 7,059 shares of United Technologies Corporation which is valued at $750,301.United Technologies Corporation makes up approximately 0.26% of West Coast Financial’s portfolio.

Other Hedge Funds, Including , Davy Asset Management Ltd reduced its stake in UTX by selling 10,288 shares or 10.32% in the most recent quarter. The Hedge Fund company now holds 89,386 shares of UTX which is valued at $9,500,838. United Technologies Corporation makes up approx 1.91% of Davy Asset Management Ltd’s portfolio.Cypress Asset Management Inctx reduced its stake in UTX by selling 3,140 shares or 4.47% in the most recent quarter. The Hedge Fund company now holds 67,047 shares of UTX which is valued at $7,109,664. United Technologies Corporation makes up approx 1.38% of Cypress Asset Management Inctx’s portfolio.Lodestar Investment Counselil boosted its stake in UTX in the latest quarter, The investment management firm added 5,038 additional shares and now holds a total of 174,686 shares of United Technologies Corporation which is valued at $18,427,626. United Technologies Corporation makes up approx 2.54% of Lodestar Investment Counselil’s portfolio.North Star Investment Management Corp. boosted its stake in UTX in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 2,241 shares of United Technologies Corporation which is valued at $235,507. United Technologies Corporation makes up approx 0.04% of North Star Investment Management Corp.’s portfolio.

United Technologies Corporation opened for trading at $107.74 and hit $108.34 on the upside on Monday, eventually ending the session at $107.79, with a gain of 0.05% or 0.05 points. The heightened volatility saw the trading volume jump to 30,20,855 shares. Company has a market cap of $90,212 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.

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