United Technologies Corporation (UTX) : Yhb Investment Advisors scooped up 3,523 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 22, 2016. The investment management firm now holds a total of 83,327 shares of United Technologies Corporation which is valued at $8,760,168.United Technologies Corporation makes up approximately 1.86% of Yhb Investment Advisors’s portfolio.
Other Hedge Funds, Including , Eastern Bank boosted its stake in UTX in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 4,038 shares of United Technologies Corporation which is valued at $425,969. United Technologies Corporation makes up approx 0.03% of Eastern Bank’s portfolio.Legacy Private Trust boosted its stake in UTX in the latest quarter, The investment management firm added 70 additional shares and now holds a total of 2,900 shares of United Technologies Corporation which is valued at $305,921. United Technologies Corporation makes up approx 0.04% of Legacy Private Trust’s portfolio.Creative Planning boosted its stake in UTX in the latest quarter, The investment management firm added 3,530 additional shares and now holds a total of 48,499 shares of United Technologies Corporation which is valued at $5,096,760. United Technologies Corporation makes up approx 0.04% of Creative Planning’s portfolio. Carl Domino Inc sold out all of its stake in UTX during the most recent quarter. The investment firm sold 2,117 shares of UTX which is valued $219,448.
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.