Gulf International Bank (uk) Ltd buys $24,048,074 stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Gulf International Bank (uk) Ltd scooped up 2,600 additional shares in United Technologies Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 240,842 shares of United Technologies Corporation which is valued at $24,048,074.United Technologies Corporation makes up approximately 0.40% of Gulf International Bank (uk) Ltd’s portfolio.

Other Hedge Funds, Including , Private Bank Trust Co reduced its stake in UTX by selling 966 shares or 15.88% in the most recent quarter. The Hedge Fund company now holds 5,118 shares of UTX which is valued at $511,032. United Technologies Corporation makes up approx 0.08% of Private Bank Trust Co’s portfolio.Chicago Trust Co Na reduced its stake in UTX by selling 1,160 shares or 12.96% in the most recent quarter. The Hedge Fund company now holds 7,794 shares of UTX which is valued at $769,813. United Technologies Corporation makes up approx 0.35% of Chicago Trust Co Na’s portfolio.Nisa Investment Advisors boosted its stake in UTX in the latest quarter, The investment management firm added 974 additional shares and now holds a total of 283,414 shares of United Technologies Corporation which is valued at $27,992,801. United Technologies Corporation makes up approx 0.37% of Nisa Investment Advisors’s portfolio.Pacwest Financial Management Inc reduced its stake in UTX by selling 650 shares or 3.16% in the most recent quarter. The Hedge Fund company now holds 19,914 shares of UTX which is valued at $1,991,002. United Technologies Corporation makes up approx 1.22% of Pacwest Financial Management Inc’s portfolio.Private Asset Management Inc boosted its stake in UTX in the latest quarter, The investment management firm added 575 additional shares and now holds a total of 103,735 shares of United Technologies Corporation which is valued at $10,606,904. United Technologies Corporation makes up approx 1.79% of Private Asset Management Inc’s portfolio.

United Technologies Corporation closed down -1.21 points or -1.21% at $98.77 with 43,14,836 shares getting traded on Tuesday. Post opening the session at $99.55, the shares hit an intraday low of $98.46 and an intraday high of $99.87 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

Many Wall Street Analysts have commented on United Technologies Corporation. United Technologies Corporation was Downgraded by Citigroup to ” Neutral” on Oct 10, 2016. Shares were Reiterated by UBS on Sep 19, 2016 to “Buy” and Lowered the Price Target to $ 115 from a previous price target of $118 .

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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