Kanawha Capital Management buys $13,589,600 stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Kanawha Capital Management scooped up 2,295 additional shares in United Technologies Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 130,206 shares of United Technologies Corporation which is valued at $13,589,600.United Technologies Corporation makes up approximately 2.32% of Kanawha Capital 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 , Murphy Capital Management Inc reduced its stake in UTX by selling 3,800 shares or 3.79% in the most recent quarter. The Hedge Fund company now holds 96,433 shares of UTX which is valued at $10,192,968. United Technologies Corporation makes up approx 1.57% of Murphy Capital Management Inc’s portfolio. Clean Yield Group added UTX to its portfolio by purchasing 250 company shares during the most recent quarter which is valued at $26,143. United Technologies Corporation makes up approx 0.01% of Clean Yield Group’s portfolio.Baker Boyer National Bank reduced its stake in UTX by selling 282 shares or 4.92% in the most recent quarter. The Hedge Fund company now holds 5,445 shares of UTX which is valued at $569,384. United Technologies Corporation makes up approx 2.65% of Baker Boyer National Bank’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. 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 .Shares were Reiterated by RBC Capital Mkts on Jan 28, 2016 to “Sector Perform” and Lowered the Price Target to $ 100 from a previous price target of $104 .

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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