Rex Capital Advisors Exits Position in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Rex Capital 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 11, 2016 with the SEC. The investment management company has sold out 2,403 shares of United Technologies Corporation which is valued at $261,615.

Other Hedge Funds, Including , Cleararc Capital Inc reduced its stake in UTX by selling 16 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 17,633 shares of UTX which is valued at $1,919,705. United Technologies Corporation makes up approx 0.36% of Cleararc Capital Inc’s portfolio.Edmond De Rothschild (suisse) S.a. reduced its stake in UTX by selling 1,172 shares or 7.95% in the most recent quarter. The Hedge Fund company now holds 13,568 shares of UTX which is valued at $1,477,148. United Technologies Corporation makes up approx 0.47% of Edmond De Rothschild (suisse) S.a.’s portfolio.Td Asset Management Inc boosted its stake in UTX in the latest quarter, The investment management firm added 16,577 additional shares and now holds a total of 1,606,569 shares of United Technologies Corporation which is valued at $173,091,744. United Technologies Corporation makes up approx 0.31% of Td Asset Management Inc’s portfolio.Pekin Singer Strauss Asset Management Il reduced its stake in UTX by selling 120 shares or 2.57% in the most recent quarter. The Hedge Fund company now holds 4,556 shares of UTX which is valued at $484,257. United Technologies Corporation makes up approx 0.10% of Pekin Singer Strauss Asset Management Il’s portfolio.Mcqueen Ball Associates boosted its stake in UTX in the latest quarter, The investment management firm added 120 additional shares and now holds a total of 16,875 shares of United Technologies Corporation which is valued at $1,774,069. United Technologies Corporation makes up approx 1.23% of Mcqueen Ball Associates’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.

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