United Technologies Corporation (UTX) : Yhb Investment Advisors reduced its stake in United Technologies Corporation by 4.48% during the most recent quarter end. The investment management company now holds a total of 79,804 shares of United Technologies Corporation which is valued at $8,435,283 after selling 3,746 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.United Technologies Corporation makes up approximately 2.23% of Yhb Investment Advisors’s portfolio.
United Technologies Corporation opened for trading at $105.73 and hit $106.31 on the upside on Friday, eventually ending the session at $105.7, with a gain of 0.26% or 0.27 points. The heightened volatility saw the trading volume jump to 30,61,856 shares. Company has a market cap of $88,411 M.
Other Hedge Funds, Including , Private Bank Trust Co reduced its stake in UTX by selling 393 shares or 5.96% in the most recent quarter. The Hedge Fund company now holds 6,197 shares of UTX which is valued at $655,023. United Technologies Corporation makes up approx 0.11% of Private Bank Trust Co’s portfolio.Btr Capital Management Inc reduced its stake in UTX by selling 7,885 shares or 8.74% in the most recent quarter. The Hedge Fund company now holds 82,351 shares of UTX which is valued at $8,611,444. United Technologies Corporation makes up approx 1.98% of Btr Capital Management Inc’s portfolio. Marquette Asset Management sold out all of its stake in UTX during the most recent quarter. The investment firm sold 2,745 shares of UTX which is valued $287,045.Creative Planning reduced its stake in UTX by selling 429 shares or 0.94% in the most recent quarter. The Hedge Fund company now holds 44,969 shares of UTX which is valued at $4,593,134. United Technologies Corporation makes up approx 0.04% of Creative Planning’s portfolio.
On the company’s financial health, United Technologies Corporation reported $1.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $1.52. The company had revenue of $14300.00 million for the quarter, compared to analysts expectations of $15257.16 million. The company’s revenue was down -4.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.67 EPS.
Many Wall Street Analysts have commented on United Technologies Corporation. Company shares were Downgraded by RBC Capital Mkts on Mar 1, 2016 to ” Sector Perform”, Firm has raised the Price Target to $ 109 from a previous price target of $100 .Shares were Reiterated by RBC Capital Mkts on Jan 28, 2016 to “Sector Perform” and Lowered the Price Target to $ 100 from a previous price target of $104 .Shares were Reiterated by Argus on Jan 28, 2016 to “Buy” and Lowered the Price Target to $ 105 from a previous price target of $125 .
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.