United Technologies Corporation (UTX) : Somerset Trust Co scooped up 4,915 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 28,241 shares of United Technologies Corporation which is valued at $2,953,161.United Technologies Corporation makes up approximately 1.94% of Somerset Trust Co’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 , Maple Securities Usa Inc sold out all of its stake in UTX during the most recent quarter. The investment firm sold 36,873 shares of UTX which is valued $3,855,810.Baker Boyer National Bank reduced its stake in UTX by selling 282 shares or 4.92% in the most recent quarter. The Hedge Fund company now holds 5,445 shares of UTX which is valued at $569,384. United Technologies Corporation makes up approx 2.65% of Baker Boyer National Bank’s portfolio.Lincoln Capital boosted its stake in UTX in the latest quarter, The investment management firm added 271 additional shares and now holds a total of 15,664 shares of United Technologies Corporation which is valued at $1,637,984. United Technologies Corporation makes up approx 1.21% of Lincoln Capital’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.Chicago Trust Co Na reduced its stake in UTX by selling 2,523 shares or 19.82% in the most recent quarter. The Hedge Fund company now holds 10,207 shares of UTX which is valued at $1,042,543. United Technologies Corporation makes up approx 0.45% of Chicago Trust Co Na’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.