Brc Investment Management adds United Technologies Corporation (UTX) to its portfolio

United Technologies Corporation (UTX) : Brc Investment Management added new position in United Technologies Corporation during the most recent quarter end. The investment management firm now holds 210,540 shares of United Technologies Corporation which is valued at $21,974,060 , the company said in a statement filed on Apr 26, 2016 with the SEC.United Technologies Corporation makes up approximately 3.26% of Brc Investment Management’s portfolio.

United Technologies Corporation (UTX) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $103.89 and reached the intraday high at $104.9. The bulls started the profit booking and pushed the shares to intraday low of $103.54. The trading session was marked by a volume range of 42,23,633 shares exchanging hands. The 52-week high of the shares is $119.66 and the 52-week low is $83.39. The market cap of the company stands at $87,344 M and there are 83,68,65,680 shares in public circulation.

Other Hedge Funds, Including , Mu Investments Ltd. boosted its stake in UTX in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 2,880 shares of United Technologies Corporation which is valued at $300,586. United Technologies Corporation makes up approx 0.19% of Mu Investments Ltd.’s portfolio.Integrated Wealth Management reduced its stake in UTX by selling 473 shares or 5.83% in the most recent quarter. The Hedge Fund company now holds 7,636 shares of UTX which is valued at $807,125. United Technologies Corporation makes up approx 0.34% of Integrated Wealth Management’s portfolio.Carroll Financial Associates boosted its stake in UTX in the latest quarter, The investment management firm added 61 additional shares and now holds a total of 10,938 shares of United Technologies Corporation which is valued at $1,156,147. United Technologies Corporation makes up approx 0.21% of Carroll Financial Associates’s portfolio.Traynor Capital Management boosted its stake in UTX in the latest quarter, The investment management firm added 4,101 additional shares and now holds a total of 6,655 shares of United Technologies Corporation which is valued at $703,434. United Technologies Corporation makes up approx 0.55% of Traynor Capital Management’s portfolio.Gierl Augustine Investment Management Inc boosted its stake in UTX in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 155 shares of United Technologies Corporation which is valued at $16,208. United Technologies Corporation makes up approx 0.02% of Gierl Augustine Investment Management Inc’s portfolio.

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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