United Technologies Corporation (UTX) : Northstar Asset Management reduced its stake in United Technologies Corporation by 2.1% during the most recent quarter end. The investment management company now holds a total of 52,806 shares of United Technologies Corporation which is valued at $5,551,495 after selling 1,130 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on Jul 22, 2016.United Technologies Corporation makes up approximately 2.23% of Northstar Asset Management’s portfolio.
Other Hedge Funds, Including , Independence Trust Co reduced its stake in UTX by selling 77 shares or 3.17% in the most recent quarter. The Hedge Fund company now holds 2,350 shares of UTX which is valued at $247,056. United Technologies Corporation makes up approx 0.37% of Independence Trust Co’s portfolio.Kwmg reduced its stake in UTX by selling 176 shares or 5.77% in the most recent quarter. The Hedge Fund company now holds 2,875 shares of UTX which is valued at $302,249. United Technologies Corporation makes up approx 0.16% of Kwmg’s portfolio. Mizuho Securities Usa added UTX to its portfolio by purchasing 5,985 company shares during the most recent quarter which is valued at $629,203. United Technologies Corporation makes up approx 0.11% of Mizuho Securities Usa’s portfolio. Stonehearth Capital Management sold out all of its stake in UTX during the most recent quarter. The investment firm sold 2,150 shares of UTX which is valued $226,030.Stewart Patten Co reduced its stake in UTX by selling 122 shares or 1.48% in the most recent quarter. The Hedge Fund company now holds 8,113 shares of UTX which is valued at $860,303. United Technologies Corporation makes up approx 0.16% of Stewart Patten Co’s portfolio.
United Technologies Corporation opened for trading at $107.5 and hit $108.08 on the upside on Friday, eventually ending the session at $107.65, with a gain of 0.07% or 0.07 points. The heightened volatility saw the trading volume jump to 32,32,646 shares. Company has a market cap of $90,089 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.
Many Wall Street Analysts have commented on United Technologies Corporation. Shares were Downgraded by RBC Capital Mkts on May 3, 2016 to ” Sector Perform” and Lowered the Price Target to $ 108 from a previous price target of $109 .United Technologies Corporation was Downgraded by Goldman to ” Neutral” on May 2, 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.