Charter Research Investment Group buys $2,120,461 stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Charter Research Investment Group scooped up 370 additional shares in United Technologies Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 19,477 shares of United Technologies Corporation which is valued at $2,120,461.United Technologies Corporation makes up approximately 2.37% of Charter Research Investment Group’s portfolio.

Other Hedge Funds, Including , Meritage Group Lp boosted its stake in UTX in the latest quarter, The investment management firm added 6,756 additional shares and now holds a total of 3,109,613 shares of United Technologies Corporation which is valued at $338,543,567. United Technologies Corporation makes up approx 10.25% of Meritage Group Lp’s portfolio.Credit Agricole S A boosted its stake in UTX in the latest quarter, The investment management firm added 29,638 additional shares and now holds a total of 997,864 shares of United Technologies Corporation which is valued at $108,637,454. United Technologies Corporation makes up approx 0.41% of Credit Agricole S A’s portfolio.Adell Harriman Carpenter Inc boosted its stake in UTX in the latest quarter, The investment management firm added 3,342 additional shares and now holds a total of 69,442 shares of United Technologies Corporation which is valued at $7,481,681. United Technologies Corporation makes up approx 1.88% of Adell Harriman Carpenter Inc’s portfolio.Hugh Johnson Advisors boosted its stake in UTX in the latest quarter, The investment management firm added 269 additional shares and now holds a total of 28,048 shares of United Technologies Corporation which is valued at $3,021,892. United Technologies Corporation makes up approx 1.13% of Hugh Johnson Advisors’s portfolio.

United Technologies Corporation opened for trading at $107.58 and hit $108.15 on the upside on Monday, eventually ending the session at $107.97, with a gain of 0.62% or 0.66 points. The heightened volatility saw the trading volume jump to 17,93,053 shares. Company has a market cap of $90,363 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.

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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