Wesbanco Bank Inc Lowers stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Wesbanco Bank Inc reduced its stake in United Technologies Corporation by 3.9% during the most recent quarter end. The investment management company now holds a total of 132,106 shares of United Technologies Corporation which is valued at $14,423,333 after selling 5,364 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.United Technologies Corporation makes up approximately 0.83% of Wesbanco Bank Inc’s portfolio.

Other Hedge Funds, Including , San Francisco Sentry Investment Group (ca) reduced its stake in UTX by selling 715 shares or 3.18% in the most recent quarter. The Hedge Fund company now holds 21,803 shares of UTX which is valued at $2,350,145. United Technologies Corporation makes up approx 1.38% of San Francisco Sentry Investment Group (ca)’s portfolio.Benedict Financial Advisors Inc boosted its stake in UTX in the latest quarter, The investment management firm added 470 additional shares and now holds a total of 22,423 shares of United Technologies Corporation which is valued at $2,414,733. United Technologies Corporation makes up approx 1.39% of Benedict Financial Advisors Inc’s portfolio.Edmp reduced its stake in UTX by selling 77 shares or 0.23% in the most recent quarter. The Hedge Fund company now holds 32,815 shares of UTX which is valued at $3,533,847. United Technologies Corporation makes up approx 3.32% of Edmp’s portfolio.Ls Investment Advisors reduced its stake in UTX by selling 301 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 154,718 shares of UTX which is valued at $16,265,503. United Technologies Corporation makes up approx 1.09% of Ls Investment Advisors’s portfolio.Garland Capital Management Inc reduced its stake in UTX by selling 440 shares or 1.03% in the most recent quarter. The Hedge Fund company now holds 42,285 shares of UTX which is valued at $4,483,901. United Technologies Corporation makes up approx 3.46% of Garland Capital Management Inc’s portfolio.

United Technologies Corporation opened for trading at $108.548 and hit $109.01 on the upside on Wednesday, eventually ending the session at $108.94, with a gain of 0.41% or 0.44 points. The heightened volatility saw the trading volume jump to 22,08,694 shares. Company has a market cap of $91,175 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.

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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