Saturna Capital Corp Lowers stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Saturna Capital Corp reduced its stake in United Technologies Corporation by 0.15% during the most recent quarter end. The investment management company now holds a total of 250,872 shares of United Technologies Corporation which is valued at $27,390,205 after selling 375 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.United Technologies Corporation makes up approximately 0.84% of Saturna Capital Corp’s portfolio.

Other Hedge Funds, Including , Bailard boosted its stake in UTX in the latest quarter, The investment management firm added 334 additional shares and now holds a total of 7,012 shares of United Technologies Corporation which is valued at $765,570. United Technologies Corporation makes up approx 0.09% of Bailard’s portfolio.Hyman Charles D boosted its stake in UTX in the latest quarter, The investment management firm added 12,810 additional shares and now holds a total of 102,007 shares of United Technologies Corporation which is valued at $10,990,234. United Technologies Corporation makes up approx 1.63% of Hyman Charles D’s portfolio.Strs Ohio reduced its stake in UTX by selling 127,118 shares or 21.02% in the most recent quarter. The Hedge Fund company now holds 477,683 shares of UTX which is valued at $51,441,682. United Technologies Corporation makes up approx 0.22% of Strs Ohio’s portfolio.Joel Isaacson reduced its stake in UTX by selling 42 shares or 1.02% in the most recent quarter. The Hedge Fund company now holds 4,080 shares of UTX which is valued at $428,930. United Technologies Corporation makes up approx 0.09% of Joel Isaacson’s portfolio.Factory Mutual Insurance Co reduced its stake in UTX by selling 13,748 shares or 2.85% in the most recent quarter. The Hedge Fund company now holds 467,952 shares of UTX which is valued at $49,177,076. United Technologies Corporation makes up approx 0.63% of Factory Mutual Insurance Co’s portfolio.

United Technologies Corporation opened for trading at $109.17 and hit $109.83 on the upside on Monday, eventually ending the session at $109.69, with a gain of 0.75% or 0.82 points. The heightened volatility saw the trading volume jump to 20,44,462 shares. Company has a market cap of $91,803 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.

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