Curbstone Financial Management Corp buys $2.1 Million stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Curbstone Financial Management Corp scooped up 460 additional shares in United Technologies Corporation during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 20,694 shares of United Technologies Corporation which is valued at $2.1 Million.United Technologies Corporation makes up approximately 0.71% of Curbstone Financial Management Corp’s portfolio.

Other Hedge Funds, Including , Private Asset Management Inc reduced its stake in UTX by selling 1,945 shares or 1.87% in the most recent quarter. The Hedge Fund company now holds 102,155 shares of UTX which is valued at $10.4 Million. United Technologies Corporation makes up approx 1.90% of Private Asset Management Inc’s portfolio. Pensionfund Dsm Netherlands added UTX to its portfolio by purchasing 60,000 company shares during the most recent quarter which is valued at $6.1 Million. United Technologies Corporation makes up approx 0.84% of Pensionfund Dsm Netherlands’s portfolio. Pensionfund Sabic added UTX to its portfolio by purchasing 29,000 company shares during the most recent quarter which is valued at $3 Million. United Technologies Corporation makes up approx 0.91% of Pensionfund Sabic’s portfolio.Renaissance Investment Group reduced its stake in UTX by selling 4,604 shares or 37.19% in the most recent quarter. The Hedge Fund company now holds 7,775 shares of UTX which is valued at $777,267. United Technologies Corporation makes up approx 0.39% of Renaissance Investment Group’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 opened for trading at $101.58 and hit $102.93 on the upside on Monday, eventually ending the session at $102.14, with a gain of 0.81% or 0.82 points. The heightened volatility saw the trading volume jump to 45,83,468 shares. Company has a market cap of $85,433 M.

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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