Bath Savings Trust Co Lowers stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Bath Savings Trust Co reduced its stake in United Technologies Corporation by 5.12% during the most recent quarter end. The investment management company now holds a total of 76,924 shares of United Technologies Corporation which is valued at $8,043,943 after selling 4,147 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.United Technologies Corporation makes up approximately 2.57% of Bath Savings Trust Co’s portfolio.

United Technologies Corporation opened for trading at $104.63 and hit $105.3425 on the upside on Monday, eventually ending the session at $105.13, with a gain of 0.54% or 0.56 points. The heightened volatility saw the trading volume jump to 28,09,194 shares. Company has a market cap of $87,934 M.

Other Hedge Funds, Including , Tufton Capital Management boosted its stake in UTX in the latest quarter, The investment management firm added 220 additional shares and now holds a total of 73,868 shares of United Technologies Corporation which is valued at $7,724,377. United Technologies Corporation makes up approx 1.91% of Tufton Capital Management’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in UTX in the latest quarter, The investment management firm added 4,494 additional shares and now holds a total of 189,395 shares of United Technologies Corporation which is valued at $19,805,035. United Technologies Corporation makes up approx 0.45% of Exxonmobil Investment Management Inc Tx’s portfolio.Catawba Capital Management Va boosted its stake in UTX in the latest quarter, The investment management firm added 45 additional shares and now holds a total of 17,764 shares of United Technologies Corporation which is valued at $1,814,415. United Technologies Corporation makes up approx 0.47% of Catawba Capital Management Va’s portfolio.

On the company’s financial health, United Technologies Corporation reported $1.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $1.52. The company had revenue of $14300.00 million for the quarter, compared to analysts expectations of $15257.16 million. The company’s revenue was down -4.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.67 EPS.

Many Wall Street Analysts have commented on United Technologies Corporation. 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 .Shares were Reiterated by RBC Capital Mkts on Jan 28, 2016 to “Sector Perform” and Lowered the Price Target to $ 100 from a previous price target of $104 .Shares were Reiterated by Argus on Jan 28, 2016 to “Buy” and Lowered the Price Target to $ 105 from a previous price target of $125 .

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.

Leave a Reply

United Technologies Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on United Technologies Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.