New York State Common Retirement Fund Lowers stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : New York State Common Retirement Fund reduced its stake in United Technologies Corporation by 4.2% during the most recent quarter end. The investment management company now holds a total of 2,403,620 shares of United Technologies Corporation which is valued at $261,682,109 after selling 105,351 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.United Technologies Corporation makes up approximately 0.37% of New York State Common Retirement Fund’s portfolio.

Other Hedge Funds, Including , Raab Moskowitz Asset Management reduced its stake in UTX by selling 822 shares or 5.63% in the most recent quarter. The Hedge Fund company now holds 13,785 shares of UTX which is valued at $1,500,773. United Technologies Corporation makes up approx 0.82% of Raab Moskowitz Asset Management’s portfolio.Brick Kyle Associates boosted its stake in UTX in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 3,703 shares of United Technologies Corporation which is valued at $398,961. United Technologies Corporation makes up approx 0.32% of Brick Kyle Associates’s portfolio.Pbwm Holdings reduced its stake in UTX by selling 1,011 shares or 11.85% in the most recent quarter. The Hedge Fund company now holds 7,521 shares of UTX which is valued at $810,313. United Technologies Corporation makes up approx 0.31% of Pbwm Holdings’s portfolio.Welch Forbes boosted its stake in UTX in the latest quarter, The investment management firm added 3,909 additional shares and now holds a total of 768,515 shares of United Technologies Corporation which is valued at $81,685,459. United Technologies Corporation makes up approx 2.42% of Welch Forbes’s portfolio.Ferguson Wellman Capital Management Inc boosted its stake in UTX in the latest quarter, The investment management firm added 903 additional shares and now holds a total of 198,074 shares of United Technologies Corporation which is valued at $20,894,826. United Technologies Corporation makes up approx 0.85% of Ferguson Wellman Capital Management Inc’s portfolio.

United Technologies Corporation closed down -0.19 points or -0.17% at $109.14 with 23,88,773 shares getting traded on Friday. Post opening the session at $109.01, the shares hit an intraday low of $108.9 and an intraday high of $109.42 and the price fluctuated in this range throughout the day.Shares ended Friday 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.