Bridges Investment Management Inc Lowers stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Bridges Investment Management Inc reduced its stake in United Technologies Corporation by 3.7% during the most recent quarter end. The investment management company now holds a total of 27,882 shares of United Technologies Corporation which is valued at $2,947,127 after selling 1,070 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.United Technologies Corporation makes up approximately 0.52% of Bridges Investment Management Inc’s portfolio.

United Technologies Corporation opened for trading at $106.32 and hit $107.07 on the upside on Wednesday, eventually ending the session at $105.89, with a gain of 1.04% or 1.09 points. The heightened volatility saw the trading volume jump to 63,38,720 shares. Company has a market cap of $88,570 M.

Other Hedge Funds, Including , Capital One National Association reduced its stake in UTX by selling 130 shares or 1.43% in the most recent quarter. The Hedge Fund company now holds 8,948 shares of UTX which is valued at $945,804. United Technologies Corporation makes up approx 0.08% of Capital One National Association’s portfolio.Mcqueen Ball Associates boosted its stake in UTX in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 16,755 shares of United Technologies Corporation which is valued at $1,771,004. United Technologies Corporation makes up approx 1.26% of Mcqueen Ball Associates’s portfolio.1st Global Advisors boosted its stake in UTX in the latest quarter, The investment management firm added 1,240 additional shares and now holds a total of 5,800 shares of United Technologies Corporation which is valued at $606,506. United Technologies Corporation makes up approx 0.09% of 1st Global Advisors’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in UTX in the latest quarter, The investment management firm added 1,038 additional shares and now holds a total of 31,773 shares of United Technologies Corporation which is valued at $3,245,294. United Technologies Corporation makes up approx 0.65% of First Financial Bank N.a. – Trust Division’s portfolio.

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.

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.