Nottingham Advisors Exits Position in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Nottingham Advisors has sold out all of its stake in United Technologies Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 8, 2016 with the SEC. The investment management company has sold out 2,317 shares of United Technologies Corporation which is valued at $252,970.

Other Hedge Funds, Including , Saturna Capital Corp reduced its stake in UTX by selling 375 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 250,872 shares of UTX which is valued at $27,390,205. United Technologies Corporation makes up approx 0.84% of Saturna Capital Corp’s portfolio.Nelson Van Denburg Campbell Wealth Management Group boosted its stake in UTX in the latest quarter, The investment management firm added 155 additional shares and now holds a total of 10,627 shares of United Technologies Corporation which is valued at $1,144,953. United Technologies Corporation makes up approx 0.47% of Nelson Van Denburg Campbell Wealth Management Group’s portfolio.Sheaff Brock Investment Advisors boosted its stake in UTX in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 2,156 shares of United Technologies Corporation which is valued at $232,287. United Technologies Corporation makes up approx 0.03% of Sheaff Brock Investment Advisors’s portfolio.Strategic Financial Services Inc reduced its stake in UTX by selling 411 shares or 1.63% in the most recent quarter. The Hedge Fund company now holds 24,795 shares of UTX which is valued at $2,671,413. United Technologies Corporation makes up approx 0.53% of Strategic Financial Services Inc’s portfolio.Brown Capital Management boosted its stake in UTX in the latest quarter, The investment management firm added 907 additional shares and now holds a total of 7,831 shares of United Technologies Corporation which is valued at $843,712. United Technologies Corporation makes up approx 0.01% of Brown Capital Management’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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