United Technologies Corporation (UTX) : Stearns Financial Services Group reduced its stake in United Technologies Corporation by 2.42% during the most recent quarter end. The investment management company now holds a total of 25,035 shares of United Technologies Corporation which is valued at $2,510,259 after selling 622 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on May 10, 2016.United Technologies Corporation makes up approximately 0.75% of Stearns Financial Services Group’s portfolio.
Other Hedge Funds, Including , Mutual Of America Capital Management reduced its stake in UTX by selling 3,872 shares or 4.26% in the most recent quarter. The Hedge Fund company now holds 87,047 shares of UTX which is valued at $8,728,203. United Technologies Corporation makes up approx 0.20% of Mutual Of America Capital Management’s portfolio.Financial Architects Inc reduced its stake in UTX by selling 57 shares or 1.53% in the most recent quarter. The Hedge Fund company now holds 3,667 shares of UTX which is valued at $367,690. United Technologies Corporation makes up approx 0.13% of Financial Architects Inc’s portfolio. Tiedemann Wealth Management added UTX to its portfolio by purchasing 2,080 company shares during the most recent quarter which is valued at $210,330. United Technologies Corporation makes up approx 0.17% of Tiedemann Wealth Management’s portfolio.Geneva Advisors boosted its stake in UTX in the latest quarter, The investment management firm added 14,068 additional shares and now holds a total of 43,238 shares of United Technologies Corporation which is valued at $4,372,227. United Technologies Corporation makes up approx 0.09% of Geneva Advisors’s portfolio. Curian Capital sold out all of its stake in UTX during the most recent quarter. The investment firm sold 78,298 shares of UTX which is valued $8,171,962.
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.