Choate Investment Advisors Lowers stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Choate Investment Advisors reduced its stake in United Technologies Corporation by 2.34% during the most recent quarter end. The investment management company now holds a total of 45,692 shares of United Technologies Corporation which is valued at $4,974,488 after selling 1,093 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.United Technologies Corporation makes up approximately 0.33% of Choate Investment Advisors’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management reduced its stake in UTX by selling 89,825 shares or 6.62% in the most recent quarter. The Hedge Fund company now holds 1,268,032 shares of UTX which is valued at $138,050,644. United Technologies Corporation makes up approx 0.10% of Tiaa Cref Investment Management’s portfolio. Quantitative Investment Management added UTX to its portfolio by purchasing 60,300 company shares during the most recent quarter which is valued at $6,409,287. United Technologies Corporation makes up approx 0.29% of Quantitative Investment Management’s portfolio.Lodestar Investment Counselil boosted its stake in UTX in the latest quarter, The investment management firm added 5,038 additional shares and now holds a total of 174,686 shares of United Technologies Corporation which is valued at $18,427,626. United Technologies Corporation makes up approx 2.54% of Lodestar Investment Counselil’s portfolio.Boys Arnold Co Inc boosted its stake in UTX in the latest quarter, The investment management firm added 82,036 additional shares and now holds a total of 102,235 shares of United Technologies Corporation which is valued at $10,784,770. United Technologies Corporation makes up approx 1.81% of Boys Arnold Co Inc’s portfolio.

United Technologies Corporation closed down -0.5 points or -0.46% at $108 with 30,64,066 shares getting traded on Tuesday. Post opening the session at $109, the shares hit an intraday low of $108 and an intraday high of $109.35 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

Leave a Reply

United Technologies Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on United Technologies Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.