Crestpoint Capital Management Lowers stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Crestpoint Capital Management reduced its stake in United Technologies Corporation by 0.54% during the most recent quarter end. The investment management company now holds a total of 18,500 shares of United Technologies Corporation which is valued at $1,951,565 after selling 100 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.United Technologies Corporation makes up approximately 1.01% of Crestpoint Capital Management’s portfolio.

Other Hedge Funds, Including , Gwm Advisors added UTX to its portfolio by purchasing 5,475 company shares during the most recent quarter which is valued at $577,558. United Technologies Corporation makes up approx 0.24% of Gwm Advisors’s portfolio.Hartford Financial Management reduced its stake in UTX by selling 427 shares or 1.02% in the most recent quarter. The Hedge Fund company now holds 41,640 shares of UTX which is valued at $4,393,020. United Technologies Corporation makes up approx 2.56% of Hartford Financial Management’s portfolio.Naples Global Advisors reduced its stake in UTX by selling 150 shares or 1.31% in the most recent quarter. The Hedge Fund company now holds 11,296 shares of UTX which is valued at $1,187,097. United Technologies Corporation makes up approx 0.48% of Naples Global Advisors’s portfolio.Newman Dignan Sheerar reduced its stake in UTX by selling 60 shares or 0.73% in the most recent quarter. The Hedge Fund company now holds 8,155 shares of UTX which is valued at $845,347. United Technologies Corporation makes up approx 0.54% of Newman Dignan Sheerar’s portfolio.Moreno Evelyn V boosted its stake in UTX in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 44,818 shares of United Technologies Corporation which is valued at $4,645,834. United Technologies Corporation makes up approx 1.73% of Moreno Evelyn V’s portfolio.

United Technologies Corporation closed down -0.01 points or -0.01% at $105.49 with 21,85,307 shares getting traded on Monday. Post opening the session at $105.48, the shares hit an intraday low of $104.88 and an intraday high of $105.93 and the price fluctuated in this range throughout the day.Shares ended Monday 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.

Investors should note that on Jun 8, 2016, United Technologies Corporation announced a cash dividend of $0.6600. The company’s management has announced Aug 17, 2016 as the ex-dividend date and fixed the record date on Aug 19, 2016. The payable date has been fixed on Sep 10, 2016.

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.

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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