United Technologies Corporation (UTX) : Somerset Trust Co scooped up 2,902 additional shares in United Technologies Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 13, 2016. The investment management firm now holds a total of 31,143 shares of United Technologies Corporation which is valued at $3,272,818.United Technologies Corporation makes up approximately 1.97% of Somerset Trust Co’s portfolio.
Other Hedge Funds, Including , Pure Financial Advisors added UTX to its portfolio by purchasing 3,699 company shares during the most recent quarter which is valued at $388,728. United Technologies Corporation makes up approx 0.13% of Pure Financial Advisors’s portfolio.Atria Investments reduced its stake in UTX by selling 4,590 shares or 47.39% in the most recent quarter. The Hedge Fund company now holds 5,095 shares of UTX which is valued at $535,434. United Technologies Corporation makes up approx 0.06% of Atria Investments’s portfolio.Lenox Wealth Advisors reduced its stake in UTX by selling 49 shares or 19.68% in the most recent quarter. The Hedge Fund company now holds 200 shares of UTX which is valued at $21,018. United Technologies Corporation makes up approx 0.01% of Lenox Wealth Advisors’s portfolio.Private Asset Management Inc boosted its stake in UTX in the latest quarter, The investment management firm added 1,005 additional shares and now holds a total of 103,160 shares of United Technologies Corporation which is valued at $10,693,566. United Technologies Corporation makes up approx 1.86% of Private Asset Management Inc’s portfolio.Indiana Trust Investment Management Co reduced its stake in UTX by selling 60 shares or 0.63% in the most recent quarter. The Hedge Fund company now holds 9,502 shares of UTX which is valued at $956,091. United Technologies Corporation makes up approx 0.50% of Indiana Trust Investment Management Co’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.