Bank Of The West buys $10,285,623 stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Bank Of The West scooped up 1,777 additional shares in United Technologies Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 101,717 shares of United Technologies Corporation which is valued at $10,285,623.United Technologies Corporation makes up approximately 1.43% of Bank Of The West’s portfolio.

Other Hedge Funds, Including , Torray boosted its stake in UTX in the latest quarter, The investment management firm added 140,235 additional shares and now holds a total of 502,546 shares of United Technologies Corporation which is valued at $50,817,452. United Technologies Corporation makes up approx 2.66% of Torray’s portfolio.Btc Capital Management boosted its stake in UTX in the latest quarter, The investment management firm added 137 additional shares and now holds a total of 28,039 shares of United Technologies Corporation which is valued at $2,835,304. United Technologies Corporation makes up approx 0.65% of Btc Capital Management’s portfolio.Advisory Services Network boosted its stake in UTX in the latest quarter, The investment management firm added 207 additional shares and now holds a total of 5,564 shares of United Technologies Corporation which is valued at $588,115. United Technologies Corporation makes up approx 0.16% of Advisory Services Network’s portfolio.Profit Investment Management reduced its stake in UTX by selling 17,368 shares or 28.41% in the most recent quarter. The Hedge Fund company now holds 43,756 shares of UTX which is valued at $4,625,009. United Technologies Corporation makes up approx 1.94% of Profit Investment Management’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 Technologies Corporation which is valued at $1,196,313. United Technologies Corporation makes up approx 0.16% of Sigma Planning Corp’s portfolio.

United Technologies Corporation opened for trading at $100.3 and hit $102.42 on the upside on Tuesday, eventually ending the session at $102.16, with a gain of 2.07% or 2.07 points. The heightened volatility saw the trading volume jump to 36,71,994 shares. Company has a market cap of $85,494 M.

On the company’s financial health, United Technologies Corporation 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 Technologies Corporation. Shares were Downgraded by RBC Capital Mkts on May 3, 2016 to ” Sector Perform” and Lowered the Price Target to $ 108 from a previous price target of $109 .United Technologies Corporation was Downgraded by Goldman to ” Neutral” on May 2, 2016. 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 .

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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