Murphy Capital Management Inc Lowers stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Murphy Capital Management Inc reduced its stake in United Technologies Corporation by 3.79% during the most recent quarter end. The investment management company now holds a total of 96,433 shares of United Technologies Corporation which is valued at $10,192,968 after selling 3,800 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.United Technologies Corporation makes up approximately 1.57% of Murphy Capital Management Inc’s portfolio.

United Technologies Corporation opened for trading at $105.73 and hit $106.31 on the upside on Friday, eventually ending the session at $105.7, with a gain of 0.26% or 0.27 points. The heightened volatility saw the trading volume jump to 30,61,856 shares. Company has a market cap of $88,411 M.

Other Hedge Funds, Including , Davis R M Inc reduced its stake in UTX by selling 9,372 shares or 3.66% in the most recent quarter. The Hedge Fund company now holds 246,709 shares of UTX which is valued at $26,077,141. United Technologies Corporation makes up approx 1.30% of Davis R M Inc’s portfolio.Howland Capital Management reduced its stake in UTX by selling 1,164 shares or 7.88% in the most recent quarter. The Hedge Fund company now holds 13,603 shares of UTX which is valued at $1,422,466. United Technologies Corporation makes up approx 0.14% of Howland Capital Management’s portfolio.Bremer Trust National Association boosted its stake in UTX in the latest quarter, The investment management firm added 1,048 additional shares and now holds a total of 31,613 shares of United Technologies Corporation which is valued at $3,305,771. United Technologies Corporation makes up approx 0.94% of Bremer Trust National Association’s portfolio.Rowland Co Investment Counseladv boosted its stake in UTX in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 1,197 shares of United Technologies Corporation which is valued at $125,170. United Technologies Corporation makes up approx 0.06% of Rowland Co Investment Counseladv’s portfolio.Salem Capital Management Inc reduced its stake in UTX by selling 36,431 shares or 92.82% in the most recent quarter. The Hedge Fund company now holds 2,820 shares of UTX which is valued at $294,887. United Technologies Corporation makes up approx 0.16% of Salem Capital Management Inc’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.

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