Alliancebernstein buys $939,263,840 stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Alliancebernstein scooped up 1,688,688 additional shares in United Technologies Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 8,627,389 shares of United Technologies Corporation which is valued at $939,263,840.United Technologies Corporation makes up approximately 0.78% of Alliancebernstein’s portfolio.

Other Hedge Funds, Including , Teachers Advisors Inc reduced its stake in UTX by selling 1,070 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 1,212,925 shares of UTX which is valued at $132,051,145. United Technologies Corporation makes up approx 0.22% of Teachers Advisors Inc’s portfolio. Hudson Bay Capital Management Lp added UTX to its portfolio by purchasing 54,286 company shares during the most recent quarter which is valued at $5,910,117. United Technologies Corporation makes up approx 0.58% of Hudson Bay Capital Management Lp’s portfolio.Kidder Stephen W boosted its stake in UTX in the latest quarter, The investment management firm added 940 additional shares and now holds a total of 47,644 shares of United Technologies Corporation which is valued at $5,201,772. United Technologies Corporation makes up approx 2.01% of Kidder Stephen W’s portfolio.Gardiner Nancy B boosted its stake in UTX in the latest quarter, The investment management firm added 1,110 additional shares and now holds a total of 6,342 shares of United Technologies Corporation which is valued at $692,420. United Technologies Corporation makes up approx 2.17% of Gardiner Nancy B’s portfolio.Capwealth Advisors boosted its stake in UTX in the latest quarter, The investment management firm added 328 additional shares and now holds a total of 53,748 shares of United Technologies Corporation which is valued at $5,712,875. United Technologies Corporation makes up approx 1.36% of Capwealth Advisors’s portfolio.

United Technologies Corporation closed down -0.5 points or -0.46% at $108 with 30,64,066 shares getting traded on Tuesday. Post opening the session at $109, the shares hit an intraday low of $108 and an intraday high of $109.35 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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