Hayek Kallen Investment Management Lowers stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Hayek Kallen Investment Management reduced its stake in United Technologies Corporation by 3.55% during the most recent quarter end. The investment management company now holds a total of 30,040 shares of United Technologies Corporation which is valued at $3,270,455 after selling 1,107 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.United Technologies Corporation makes up approximately 2.30% of Hayek Kallen Investment Management’s portfolio.

Other Hedge Funds, Including , Focused Wealth Management Inc reduced its stake in UTX by selling 101 shares or 14.11% in the most recent quarter. The Hedge Fund company now holds 615 shares of UTX which is valued at $66,955. United Technologies Corporation makes up approx 0.03% of Focused Wealth Management Inc’s portfolio.Dekabank Deutsche Girozentrale reduced its stake in UTX by selling 12,727 shares or 7.85% in the most recent quarter. The Hedge Fund company now holds 149,316 shares of UTX which is valued at $16,087,306. United Technologies Corporation makes up approx 0.17% of Dekabank Deutsche Girozentrale’s portfolio.Jennison Associates boosted its stake in UTX in the latest quarter, The investment management firm added 27,712 additional shares and now holds a total of 1,176,625 shares of United Technologies Corporation which is valued at $125,063,471. United Technologies Corporation makes up approx 0.13% of Jennison Associates’s portfolio.Vicus Capital boosted its stake in UTX in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 4,098 shares of United Technologies Corporation which is valued at $435,576. United Technologies Corporation makes up approx 0.10% of Vicus Capital’s portfolio.

United Technologies Corporation closed down -0.19 points or -0.17% at $109.14 with 23,88,773 shares getting traded on Friday. Post opening the session at $109.01, the shares hit an intraday low of $108.9 and an intraday high of $109.42 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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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