Saddle Road Partners buys $4,950,248 stake in UNITED TECH CORP COM (UTX)

UNITED TECH CORP COM (UTX) : Saddle Road Partners scooped up 4,336 additional shares in UNITED TECH CORP COM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 46,833 shares of UNITED TECH CORP COM which is valued at $4,950,248.UNITED TECH CORP COM makes up approximately 1.07% of Saddle Road Partners’s portfolio.

UNITED TECH CORP COM 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 , Mackay Shields reduced its stake in UTX by selling 100,000 shares or 53.09% in the most recent quarter. The Hedge Fund company now holds 88,349 shares of UTX which is valued at $9,338,489. UNITED TECH CORP COM makes up approx 2.50% of Mackay Shields’s portfolio. Portland Global Advisors sold out all of its stake in UTX during the most recent quarter. The investment firm sold 2,134 shares of UTX which is valued $225,564.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 $1,455,806. UNITED TECH CORP COM makes up approx 1.37% of Deane Retirement Strategies’s portfolio.Sigma Planning Corp boosted its stake in UTX in the latest quarter, The investment management firm added 1,075 additional shares and now holds a total of 11,318 shares of UNITED TECH CORP COM which is valued at $1,196,313. UNITED TECH CORP COM makes up approx 0.16% of Sigma Planning Corp’s portfolio.Livingston Group Asset Management Co (operating As Southp… reduced its stake in UTX by selling 200 shares or 4.35% in the most recent quarter. The Hedge Fund company now holds 4,400 shares of UTX which is valued at $449,416. UNITED TECH CORP COM makes up approx 0.29% of Livingston Group Asset Management Co (operating As Southp…’s portfolio.

On the company’s financial health, UNITED TECH CORP COM 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 TECH CORP COM. 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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