Hudock Capital Group buys $386,789 stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Hudock Capital Group scooped up 18 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 1, 2016. The investment management firm now holds a total of 3,639 shares of United Technologies Corporation which is valued at $386,789.United Technologies Corporation makes up approximately 0.21% of Hudock Capital Group’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in UTX by selling 128,061 shares or 7.03% in the most recent quarter. The Hedge Fund company now holds 1,694,629 shares of UTX which is valued at $180,122,116. United Technologies Corporation makes up approx 0.38% of California State Teachers Retirement System’s portfolio.Court Place Advisors boosted its stake in UTX in the latest quarter, The investment management firm added 368 additional shares and now holds a total of 7,125 shares of United Technologies Corporation which is valued at $767,291. United Technologies Corporation makes up approx 0.43% of Court Place Advisors’s portfolio.Firstmerit Bank N A Trustee boosted its stake in UTX in the latest quarter, The investment management firm added 1,008 additional shares and now holds a total of 88,563 shares of United Technologies Corporation which is valued at $9,307,086. United Technologies Corporation makes up approx 0.73% of Firstmerit Bank N A Trustee’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma reduced its stake in UTX by selling 12,930 shares or 1.63% in the most recent quarter. The Hedge Fund company now holds 779,719 shares of UTX which is valued at $81,940,670. United Technologies Corporation makes up approx 1.84% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’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 *