North American Management Corp buys $24,639,515 stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : North American Management Corp scooped up 15,880 additional shares in United Technologies Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 235,627 shares of United Technologies Corporation which is valued at $24,639,515.United Technologies Corporation makes up approximately 3.97% of North American Management Corp’s portfolio.

United Technologies Corporation opened for trading at $104.63 and hit $105.3425 on the upside on Monday, eventually ending the session at $105.13, with a gain of 0.54% or 0.56 points. The heightened volatility saw the trading volume jump to 28,09,194 shares. Company has a market cap of $87,934 M.

Other Hedge Funds, Including , Santa Fe Partners sold out all of its stake in UTX during the most recent quarter. The investment firm sold 3,983 shares of UTX which is valued $416,502.Monroe Bank Trustmi boosted its stake in UTX in the latest quarter, The investment management firm added 45 additional shares and now holds a total of 11,712 shares of United Technologies Corporation which is valued at $1,224,724. United Technologies Corporation makes up approx 0.42% of Monroe Bank Trustmi’s portfolio.Webster Bank N. A. boosted its stake in UTX in the latest quarter, The investment management firm added 113 additional shares and now holds a total of 57,110 shares of United Technologies Corporation which is valued at $5,971,993. United Technologies Corporation makes up approx 0.92% of Webster Bank N. A.’s portfolio.Central Trust Co boosted its stake in UTX in the latest quarter, The investment management firm added 11,461 additional shares and now holds a total of 76,913 shares of United Technologies Corporation which is valued at $8,042,792. United Technologies Corporation makes up approx 0.63% of Central Trust Co’s portfolio.Deane Retirement Strategies reduced its stake in UTX by selling 558 shares or 3.89% in the most recent quarter. The Hedge Fund company now holds 13,773 shares of UTX which is valued at $1,406,774. United Technologies Corporation makes up approx 1.32% of Deane Retirement Strategies’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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