Somerville Kurt F buys $8,452,934 stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Somerville Kurt F scooped up 5,286 additional shares in United Technologies Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 77,422 shares of United Technologies Corporation which is valued at $8,452,934.United Technologies Corporation makes up approximately 1.85% of Somerville Kurt F’s portfolio.

Other Hedge Funds, Including , Hamel Associates reduced its stake in UTX by selling 100 shares or 0.23% in the most recent quarter. The Hedge Fund company now holds 43,975 shares of UTX which is valued at $4,801,191. United Technologies Corporation makes up approx 2.52% of Hamel Associates’s portfolio.Hanson Doremus Investment Management boosted its stake in UTX in the latest quarter, The investment management firm added 127 additional shares and now holds a total of 1,583 shares of United Technologies Corporation which is valued at $170,410. United Technologies Corporation makes up approx 0.07% of Hanson Doremus Investment Management’s portfolio.Douglas Lane Associates reduced its stake in UTX by selling 1,973 shares or 6.6% in the most recent quarter. The Hedge Fund company now holds 27,901 shares of UTX which is valued at $3,004,659. United Technologies Corporation makes up approx 0.08% of Douglas Lane Associates’s portfolio.Heritage Investors Management Corp boosted its stake in UTX in the latest quarter, The investment management firm added 2,295 additional shares and now holds a total of 186,881 shares of United Technologies Corporation which is valued at $19,714,077. United Technologies Corporation makes up approx 1.43% of Heritage Investors Management Corp’s portfolio.Capital Asset Advisory Services boosted its stake in UTX in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 4,978 shares of United Technologies Corporation which is valued at $523,138. United Technologies Corporation makes up approx 0.68% of Capital Asset Advisory Services’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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