United Technologies Corporation (UTX) : Excalibur Management Corp reduced its stake in United Technologies Corporation by 0.24% during the most recent quarter end. The investment management company now holds a total of 12,421 shares of United Technologies Corporation which is valued at $1,337,617 after selling 30 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.United Technologies Corporation makes up approximately 1.13% of Excalibur Management Corp’s portfolio.
Other Hedge Funds, Including , Shell Asset Management Co boosted its stake in UTX in the latest quarter, The investment management firm added 15,304 additional shares and now holds a total of 143,789 shares of United Technologies Corporation which is valued at $15,484,637. United Technologies Corporation makes up approx 0.36% of Shell Asset Management Co’s portfolio.Eagle Ridge Investment Management reduced its stake in UTX by selling 32 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 51,253 shares of UTX which is valued at $5,388,228. United Technologies Corporation makes up approx 1.19% of Eagle Ridge Investment Management’s portfolio.Mai Capital Management reduced its stake in UTX by selling 4,373 shares or 14.7% in the most recent quarter. The Hedge Fund company now holds 25,371 shares of UTX which is valued at $2,676,387. United Technologies Corporation makes up approx 0.21% of Mai Capital Management’s portfolio.Osborn Rohs Williams Donohoe Ltd reduced its stake in UTX by selling 100 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 89,648 shares of UTX which is valued at $9,292,912. United Technologies Corporation makes up approx 1.78% of Osborn Rohs Williams Donohoe Ltd’s portfolio.
United Technologies Corporation opened for trading at $107.5 and hit $108.08 on the upside on Friday, eventually ending the session at $107.65, with a gain of 0.07% or 0.07 points. The heightened volatility saw the trading volume jump to 32,32,646 shares. Company has a market cap of $90,089 M.
On the company’s financial health, United Technologies Corporation reported $1.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.68. The company had revenue of $14874.00 million for the quarter, compared to analysts expectations of $14692.67 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.81 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.