Hamel Associates Lowers stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Hamel Associates reduced its stake in United Technologies Corporation by 0.23% during the most recent quarter end. The investment management company now holds a total of 43,975 shares of United Technologies Corporation which is valued at $4,801,191 after selling 100 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.United Technologies Corporation makes up approximately 2.52% of Hamel Associates’s portfolio.

Other Hedge Funds, Including , Barrow Hanley Mewhinney Strauss reduced its stake in UTX by selling 251,760 shares or 1.63% in the most recent quarter. The Hedge Fund company now holds 15,173,532 shares of UTX which is valued at $1,656,646,224. United Technologies Corporation makes up approx 2.43% of Barrow Hanley Mewhinney Strauss’s portfolio.Neuberger Berman Group reduced its stake in UTX by selling 49,394 shares or 15.55% in the most recent quarter. The Hedge Fund company now holds 268,196 shares of UTX which is valued at $28,895,437. United Technologies Corporation makes up approx 0.04% of Neuberger Berman Group’s portfolio.Hendershot Investments boosted its stake in UTX in the latest quarter, The investment management firm added 2,980 additional shares and now holds a total of 32,815 shares of United Technologies Corporation which is valued at $3,533,847. United Technologies Corporation makes up approx 1.75% of Hendershot Investments’s portfolio.Bkd Wealth Advisors reduced its stake in UTX by selling 936 shares or 3.68% in the most recent quarter. The Hedge Fund company now holds 24,508 shares of UTX which is valued at $2,575,546. United Technologies Corporation makes up approx 0.37% of Bkd Wealth Advisors’s portfolio.

United Technologies Corporation opened for trading at $109.17 and hit $109.83 on the upside on Monday, eventually ending the session at $109.69, with a gain of 0.75% or 0.82 points. The heightened volatility saw the trading volume jump to 20,44,462 shares. Company has a market cap of $91,803 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.

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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