Canandaigua National Bank Trust Co buys $8.7 Million stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Canandaigua National Bank Trust Co scooped up 10,155 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 11, 2016. The investment management firm now holds a total of 87,181 shares of United Technologies Corporation which is valued at $8.7 Million.United Technologies Corporation makes up approximately 2.60% of Canandaigua National Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Focused Wealth Management Inc boosted its stake in UTX in the latest quarter, The investment management firm added 116 additional shares and now holds a total of 716 shares of United Technologies Corporation which is valued at $71,793. United Technologies Corporation makes up approx 0.04% of Focused Wealth Management Inc’s portfolio.Ifc Holdings Incorporatedfl reduced its stake in UTX by selling 2,477 shares or 31.95% in the most recent quarter. The Hedge Fund company now holds 5,276 shares of UTX which is valued at $533,509. United Technologies Corporation makes up approx 0.07% of Ifc Holdings Incorporatedfl’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in UTX by selling 72,090 shares or 6.5% in the most recent quarter. The Hedge Fund company now holds 1,036,672 shares of UTX which is valued at $104.8 Million. United Technologies Corporation makes up approx 0.40% of State Board Of Administration Of Florida Retirement System’s portfolio. Newfocus Financial Group added UTX to its portfolio by purchasing 11,406 company shares during the most recent quarter which is valued at $1.2 Million. United Technologies Corporation makes up approx 0.85% of Newfocus Financial Group’s portfolio. Kames Capital Plc added UTX to its portfolio by purchasing 203,777 company shares during the most recent quarter which is valued at $21.3 Million. United Technologies Corporation makes up approx 0.64% of Kames Capital Plc’s portfolio.

United Technologies Corporation opened for trading at $100.05 and hit $102.08 on the upside on Monday, eventually ending the session at $101.82, with a gain of 1.55% or 1.55 points. The heightened volatility saw the trading volume jump to 34,69,388 shares. Company has a market cap of $85,210 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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