Nbt Bank N A Ny Lowers stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Nbt Bank N A Ny reduced its stake in United Technologies Corporation by 2.23% during the most recent quarter end. The investment management company now holds a total of 89,936 shares of United Technologies Corporation which is valued at $9,017,883 after selling 2,047 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on May 9, 2016.United Technologies Corporation makes up approximately 1.59% of Nbt Bank N A Ny’s portfolio.

Other Hedge Funds, Including , Salient Trust Co Lta reduced its stake in UTX by selling 503 shares or 18.67% in the most recent quarter. The Hedge Fund company now holds 2,191 shares of UTX which is valued at $219,692. United Technologies Corporation makes up approx 0.03% of Salient Trust Co Lta’s portfolio. Old Mutual Global Investors (uk) Ltd. added UTX to its portfolio by purchasing 12,429 company shares during the most recent quarter which is valued at $1,256,820. United Technologies Corporation makes up approx 0.03% of Old Mutual Global Investors (uk) Ltd.’s portfolio.Motco boosted its stake in UTX in the latest quarter, The investment management firm added 1,636 additional shares and now holds a total of 79,783 shares of United Technologies Corporation which is valued at $8,067,657. United Technologies Corporation makes up approx 0.96% of Motco’s portfolio.Saratoga Research Investment Management boosted its stake in UTX in the latest quarter, The investment management firm added 67,697 additional shares and now holds a total of 516,599 shares of United Technologies Corporation which is valued at $53,917,438. United Technologies Corporation makes up approx 4.82% of Saratoga Research Investment Management’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in UTX in the latest quarter, The investment management firm added 48,192 additional shares and now holds a total of 1,517,784 shares of United Technologies Corporation which is valued at $158,411,116. United Technologies Corporation makes up approx 0.50% of Mizuho Trust Banking Ltd.’s portfolio.

United Technologies Corporation closed down -1.19 points or -1.17% at $100.27 with 32,80,548 shares getting traded on Friday. Post opening the session at $101.24, the shares hit an intraday low of $99.96 and an intraday high of $101.72 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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