Capital Advantage buys $831,842 stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Capital Advantage scooped up 3 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 9, 2016. The investment management firm now holds a total of 7,619 shares of United Technologies Corporation which is valued at $831,842.United Technologies Corporation makes up approximately 0.24% of Capital Advantage’s portfolio.

Other Hedge Funds, Including , Assetmark Inc reduced its stake in UTX by selling 221 shares or 7.81% in the most recent quarter. The Hedge Fund company now holds 2,607 shares of UTX which is valued at $284,632.Gradient Investments boosted its stake in UTX in the latest quarter, The investment management firm added 3,503 additional shares and now holds a total of 43,050 shares of United Technologies Corporation which is valued at $4,541,345. United Technologies Corporation makes up approx 0.48% of Gradient Investments’s portfolio.

United Technologies Corporation opened for trading at $108.548 and hit $109.01 on the upside on Wednesday, eventually ending the session at $108.94, with a gain of 0.41% or 0.44 points. The heightened volatility saw the trading volume jump to 22,08,694 shares. Company has a market cap of $91,175 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.

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 *

United Technologies Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on United Technologies Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.