United Technologies Corporation (UTX) : Sentry Investment Management reduced its stake in United Technologies Corporation by 4.21% during the most recent quarter end. The investment management company now holds a total of 61,653 shares of United Technologies Corporation which is valued at $6,181,946 after selling 2,712 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on May 10, 2016.United Technologies Corporation makes up approximately 0.28% of Sentry Investment Management’s portfolio.
Other Hedge Funds, Including , Bahl Gaynor Inc reduced its stake in UTX by selling 2,185 shares or 0.45% in the most recent quarter. The Hedge Fund company now holds 486,689 shares of UTX which is valued at $48,800,306. United Technologies Corporation makes up approx 0.65% of Bahl Gaynor Inc’s portfolio.Connable Office Inc reduced its stake in UTX by selling 77 shares or 0.23% in the most recent quarter. The Hedge Fund company now holds 33,347 shares of UTX which is valued at $3,343,704. United Technologies Corporation makes up approx 0.93% of Connable Office Inc’s portfolio. Arga Investment Management Lp sold out all of its stake in UTX during the most recent quarter. The investment firm sold 1,000 shares of UTX which is valued $101,120.Richard Bernstein Advisors boosted its stake in UTX in the latest quarter, The investment management firm added 3,481 additional shares and now holds a total of 51,322 shares of United Technologies Corporation which is valued at $5,189,681. United Technologies Corporation makes up approx 0.51% of Richard Bernstein Advisors’s portfolio.Argent Trust Co boosted its stake in UTX in the latest quarter, The investment management firm added 4,325 additional shares and now holds a total of 19,167 shares of United Technologies Corporation which is valued at $1,938,167. United Technologies Corporation makes up approx 0.62% of Argent Trust Co’s portfolio.
United Technologies Corporation opened for trading at $100.05 and hit $102.08 on the upside on Monday, eventually ending the session at $101.82, with a gain of 1.55% or 1.55 points. The heightened volatility saw the trading volume jump to 34,69,388 shares. Company has a market cap of $85,210 M.
On the company’s financial health, United Technologies Corporation reported $1.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $1.40. The company had revenue of $13357.00 million for the quarter, compared to analysts expectations of $13186.01 million. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 EPS.
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. 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 .
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.