Southeastern Asset Management Inctn Lowers stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Southeastern Asset Management Inctn reduced its stake in United Technologies Corporation by 6.11% during the most recent quarter end. The investment management company now holds a total of 6,666,605 shares of United Technologies Corporation which is valued at $725,793,286 after selling 433,464 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 7.07% of Southeastern Asset Management Inctn’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.Community Financial Services Group boosted its stake in UTX in the latest quarter, The investment management firm added 465 additional shares and now holds a total of 2,657 shares of United Technologies Corporation which is valued at $282,413. United Technologies Corporation makes up approx 0.13% of Community Financial Services Group’s portfolio.Whittier Trust Co reduced its stake in UTX by selling 4,681 shares or 5.74% in the most recent quarter. The Hedge Fund company now holds 76,909 shares of UTX which is valued at $8,279,254. United Technologies Corporation makes up approx 0.35% of Whittier Trust Co’s portfolio. Americafirst Capital Management added UTX to its portfolio by purchasing 855 company shares during the most recent quarter which is valued at $90,664. United Technologies Corporation makes up approx 0.06% of Americafirst Capital Management’s portfolio.

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.

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