United Technologies Corporation (UTX) : Btr Capital Management Inc reduced its stake in United Technologies Corporation by 1.97% during the most recent quarter end. The investment management company now holds a total of 80,725 shares of United Technologies Corporation which is valued at $8,515,680 after selling 1,626 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.United Technologies Corporation makes up approximately 1.89% of Btr Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Acropolis Investment Management reduced its stake in UTX by selling 828 shares or 7.31% in the most recent quarter. The Hedge Fund company now holds 10,499 shares of UTX which is valued at $1,107,540. United Technologies Corporation makes up approx 0.20% of Acropolis Investment Management’s portfolio.Windward Capital Management Co Ca boosted its stake in UTX in the latest quarter, The investment management firm added 1,473 additional shares and now holds a total of 105,350 shares of United Technologies Corporation which is valued at $11,113,372. United Technologies Corporation makes up approx 2.08% of Windward Capital Management Co Ca’s portfolio.Ronna Sue Cohen boosted its stake in UTX in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 2,722 shares of United Technologies Corporation which is valued at $286,055. United Technologies Corporation makes up approx 0.21% of Ronna Sue Cohen’s portfolio.Fisher Asset Management reduced its stake in UTX by selling 13,501 shares or 0.16% in the most recent quarter. The Hedge Fund company now holds 8,362,020 shares of UTX which is valued at $878,764,682. United Technologies Corporation makes up approx 1.68% of Fisher Asset Management’s portfolio.
United Technologies Corporation closed down -0.01 points or -0.01% at $105.49 with 21,85,307 shares getting traded on Monday. Post opening the session at $105.48, the shares hit an intraday low of $104.88 and an intraday high of $105.93 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.
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.