United Technologies Corporation (UTX) : M. Kraus Co reduced its stake in United Technologies Corporation by 8.58% during the most recent quarter end. The investment management company now holds a total of 52,231 shares of United Technologies Corporation which is valued at $5,461,796 after selling 4,901 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.United Technologies Corporation makes up approximately 3.75% of M. Kraus Co’s portfolio.
United Technologies Corporation closed down -0.1 points or -0.09% at $105.43 with 26,28,426 shares getting traded on Wednesday. Post opening the session at $105.56, the shares hit an intraday low of $105.25 and an intraday high of $105.96 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Coastline Trust Co reduced its stake in UTX by selling 50 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 14,450 shares of UTX which is valued at $1,511,037. United Technologies Corporation makes up approx 0.32% of Coastline Trust Co’s portfolio. Moon Capital Management added UTX to its portfolio by purchasing 2,505 company shares during the most recent quarter which is valued at $261,948. United Technologies Corporation makes up approx 0.33% of Moon Capital Management’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in UTX in the latest quarter, The investment management firm added 27,737 additional shares and now holds a total of 197,803 shares of United Technologies Corporation which is valued at $20,684,260. United Technologies Corporation makes up approx 0.47% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’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 (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.