Bangor Savings Bank buys $2.2 Million stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Bangor Savings Bank scooped up 71 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 26, 2016. The investment management firm now holds a total of 21,439 shares of United Technologies Corporation which is valued at $2.2 Million.United Technologies Corporation makes up approximately 0.53% of Bangor Savings Bank’s portfolio.

Other Hedge Funds, Including , Wellington Shields reduced its stake in UTX by selling 950 shares or 25.0% in the most recent quarter. The Hedge Fund company now holds 2,850 shares of UTX which is valued at $287,166. United Technologies Corporation makes up approx 0.19% of Wellington Shields’s portfolio.Vantage Investment Advisors boosted its stake in UTX in the latest quarter, The investment management firm added 192 additional shares and now holds a total of 9,471 shares of United Technologies Corporation which is valued at $949,657. United Technologies Corporation makes up approx 0.42% of Vantage Investment Advisors’s portfolio.Ashmore Wealth Management reduced its stake in UTX by selling 440,081 shares or 29.34% in the most recent quarter. The Hedge Fund company now holds 1,059,919 shares of UTX which is valued at $106.3 Million. United Technologies Corporation makes up approx 2.95% of Ashmore Wealth Management’s portfolio.Ancora Inverness boosted its stake in UTX in the latest quarter, The investment management firm added 1,726 additional shares and now holds a total of 39,410 shares of United Technologies Corporation which is valued at $4 Million. United Technologies Corporation makes up approx 1.61% of Ancora Inverness’s portfolio.Roundview Capital boosted its stake in UTX in the latest quarter, The investment management firm added 12,550 additional shares and now holds a total of 17,960 shares of United Technologies Corporation which is valued at $1.8 Million. United Technologies Corporation makes up approx 0.69% of Roundview Capital’s portfolio.

United Technologies Corporation closed down -0.23 points or -0.23% at $100.35 with 28,06,933 shares getting traded on Wednesday. Post opening the session at $100.09, the shares hit an intraday low of $98.75 and an intraday high of $100.5 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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