United Technologies Corporation (UTX) : International Value Advisers reduced its stake in United Technologies Corporation by 2.0% during the most recent quarter end. The investment management company now holds a total of 802,295 shares of United Technologies Corporation which is valued at $87,345,857 after selling 16,397 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.United Technologies Corporation makes up approximately 2.40% of International Value Advisers’s portfolio.
Other Hedge Funds, Including , Apriem Advisors boosted its stake in UTX in the latest quarter, The investment management firm added 2,164 additional shares and now holds a total of 4,415 shares of United Technologies Corporation which is valued at $480,661. United Technologies Corporation makes up approx 0.15% of Apriem Advisors’s portfolio.Royal London Asset Management Ltd reduced its stake in UTX by selling 37,606 shares or 11.33% in the most recent quarter. The Hedge Fund company now holds 294,335 shares of UTX which is valued at $31,284,867. United Technologies Corporation makes up approx 0.50% of Royal London Asset Management Ltd’s portfolio.Sprucegrove Investment Management Ltd reduced its stake in UTX by selling 19,100 shares or 3.7% in the most recent quarter. The Hedge Fund company now holds 497,500 shares of UTX which is valued at $53,575,775. United Technologies Corporation makes up approx 2.11% of Sprucegrove Investment Management Ltd’s portfolio. Donald L. Hagan sold out all of its stake in UTX during the most recent quarter. The investment firm sold 1,137 shares of UTX which is valued $119,533.
United Technologies Corporation opened for trading at $107.58 and hit $108.15 on the upside on Monday, eventually ending the session at $107.97, with a gain of 0.62% or 0.66 points. The heightened volatility saw the trading volume jump to 17,93,053 shares. Company has a market cap of $90,363 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.