Institutional Family Asset Management buys $3.4 Million stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Institutional Family Asset Management scooped up 733 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 33,458 shares of United Technologies Corporation which is valued at $3.4 Million.United Technologies Corporation makes up approximately 1.22% of Institutional Family Asset Management’s portfolio.

Other Hedge Funds, Including , Canandaigua National Bank Trust Co boosted its stake in UTX in the latest quarter, The investment management firm added 10,155 additional shares and now holds a total of 87,181 shares of United Technologies Corporation which is valued at $8.7 Million. United Technologies Corporation makes up approx 2.60% of Canandaigua National Bank Trust Co’s portfolio.Brown Advisory Securities boosted its stake in UTX in the latest quarter, The investment management firm added 649 additional shares and now holds a total of 6,046 shares of United Technologies Corporation which is valued at $606,232. United Technologies Corporation makes up approx 0.20% of Brown Advisory Securities’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.River Wealth Advisors boosted its stake in UTX in the latest quarter, The investment management firm added 409 additional shares and now holds a total of 12,898 shares of United Technologies Corporation which is valued at $1.3 Million. United Technologies Corporation makes up approx 0.80% of River Wealth Advisors’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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