United Technologies Corporation (UTX) : Tiemann Investment Advisors reduced its stake in United Technologies Corporation by 9.19% during the most recent quarter end. The investment management company now holds a total of 14,826 shares of United Technologies Corporation which is valued at $1,499,205 after selling 1,500 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on May 2, 2016.United Technologies Corporation makes up approximately 1.49% of Tiemann Investment Advisors’s portfolio.
United Technologies Corporation opened for trading at $100.26 and hit $101.29 on the upside on Friday, eventually ending the session at $101.12, with a gain of 0.83% or 0.83 points. The heightened volatility saw the trading volume jump to 37,45,483 shares. Company has a market cap of $84,624 M.
Other Hedge Funds, Including , Gamble Jones Investment Counsel reduced its stake in UTX by selling 604 shares or 0.94% in the most recent quarter. The Hedge Fund company now holds 63,871 shares of UTX which is valued at $6,458,636. United Technologies Corporation makes up approx 0.72% of Gamble Jones Investment Counsel’s portfolio.Smithbridge Asset Management Incde reduced its stake in UTX by selling 1,800 shares or 5.97% in the most recent quarter. The Hedge Fund company now holds 28,376 shares of UTX which is valued at $2,961,603. United Technologies Corporation makes up approx 2.77% of Smithbridge Asset Management Incde’s portfolio.Tiaa Cref Trust Co Fsbmo reduced its stake in UTX by selling 9,809 shares or 4.07% in the most recent quarter. The Hedge Fund company now holds 231,323 shares of UTX which is valued at $24,450,841. United Technologies Corporation makes up approx 0.24% of Tiaa Cref Trust Co Fsbmo’s portfolio.Wendell David Associates Inc reduced its stake in UTX by selling 12,249 shares or 14.14% in the most recent quarter. The Hedge Fund company now holds 74,392 shares of UTX which is valued at $7,863,234. United Technologies Corporation makes up approx 1.51% of Wendell David Associates Inc’s portfolio.Cwm boosted its stake in UTX in the latest quarter, The investment management firm added 406 additional shares and now holds a total of 1,070 shares of United Technologies Corporation which is valued at $113,099. United Technologies Corporation makes up approx 0.01% of Cwm’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. 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.