Jolley Asset Management adds United Technologies Corporation (UTX) to its portfolio

United Technologies Corporation (UTX) : Jolley Asset Management added new position in United Technologies Corporation during the most recent quarter end. The investment management firm now holds 475 shares of United Technologies Corporation which is valued at $50,208 , the company said in a statement filed on Apr 21, 2016 with the SEC.United Technologies Corporation makes up approximately 0.04% of Jolley Asset Management’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 , Seaward Management Limited Partnership reduced its stake in UTX by selling 3,692 shares or 1.01% in the most recent quarter. The Hedge Fund company now holds 362,305 shares of UTX which is valued at $38,295,639. United Technologies Corporation makes up approx 2.04% of Seaward Management Limited Partnership’s portfolio.Marathon Asset Management Llp boosted its stake in UTX in the latest quarter, The investment management firm added 2,830 additional shares and now holds a total of 378,187 shares of United Technologies Corporation which is valued at $39,974,366. United Technologies Corporation makes up approx 0.87% of Marathon Asset Management Llp’s portfolio.Mitchell Sinkler Starrpa reduced its stake in UTX by selling 560 shares or 3.69% in the most recent quarter. The Hedge Fund company now holds 14,636 shares of UTX which is valued at $1,530,487. United Technologies Corporation makes up approx 2.08% of Mitchell Sinkler Starrpa’s portfolio.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.Abner Herrman Brock boosted its stake in UTX in the latest quarter, The investment management firm added 31,299 additional shares and now holds a total of 51,646 shares of United Technologies Corporation which is valued at $5,275,122. United Technologies Corporation makes up approx 1.34% of Abner Herrman Brock’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.

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