Greenwood Gearhart Inc buys $6.1 Million stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Greenwood Gearhart Inc scooped up 1,307 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 12, 2016. The investment management firm now holds a total of 60,961 shares of United Technologies Corporation which is valued at $6.1 Million.United Technologies Corporation makes up approximately 2.64% of Greenwood Gearhart Inc’s portfolio.

Other Hedge Funds, Including , Artisan Partners Limited Partnership reduced its stake in UTX by selling 59,193 shares or 2.68% in the most recent quarter. The Hedge Fund company now holds 2,150,403 shares of UTX which is valued at $215.6 Million. United Technologies Corporation makes up approx 0.45% of Artisan Partners Limited Partnership’s portfolio.Putnam Fl Investment Management Co reduced its stake in UTX by selling 500 shares or 14.4% in the most recent quarter. The Hedge Fund company now holds 2,973 shares of UTX which is valued at $300,630. United Technologies Corporation makes up approx 0.04% of Putnam Fl Investment Management Co’s portfolio.Stadion Money Management boosted its stake in UTX in the latest quarter, The investment management firm added 2,401 additional shares and now holds a total of 26,887 shares of United Technologies Corporation which is valued at $2.7 Million. United Technologies Corporation makes up approx 0.08% of Stadion Money Management’s portfolio.Kornitzer Capital Management Inc Ks boosted its stake in UTX in the latest quarter, The investment management firm added 5,465 additional shares and now holds a total of 76,635 shares of United Technologies Corporation which is valued at $7.7 Million. United Technologies Corporation makes up approx 0.14% of Kornitzer Capital Management Inc Ks’s portfolio.Russell Frank Co reduced its stake in UTX by selling 695,199 shares or 28.79% in the most recent quarter. The Hedge Fund company now holds 1,719,183 shares of UTX which is valued at $179.4 Million. United Technologies Corporation makes up approx 0.31% of Russell Frank Co’s portfolio.

United Technologies Corporation opened for trading at $99.15 and hit $99.89 on the upside on Friday, eventually ending the session at $99.1, with a gain of 0.60% or 0.59 points. The heightened volatility saw the trading volume jump to 43,12,062 shares. Company has a market cap of $82,933 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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