Patten Group Lowers stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Patten Group reduced its stake in United Technologies Corporation by 1.78% during the most recent quarter end. The investment management company now holds a total of 31,658 shares of United Technologies Corporation which is valued at $3,446,606 after selling 575 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.United Technologies Corporation makes up approximately 1.58% of Patten Group’s portfolio.

Other Hedge Funds, Including , Crestwood Advisors reduced its stake in UTX by selling 2,283 shares or 26.1% in the most recent quarter. The Hedge Fund company now holds 6,464 shares of UTX which is valued at $703,736. United Technologies Corporation makes up approx 0.08% of Crestwood Advisors’s portfolio.Tiemann Investment Advisors boosted its stake in UTX in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 14,827 shares of United Technologies Corporation which is valued at $1,614,215. United Technologies Corporation makes up approx 1.47% of Tiemann Investment Advisors’s portfolio.Nichols Pratt Advisers Llp boosted its stake in UTX in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 231,236 shares of United Technologies Corporation which is valued at $24,913,367. United Technologies Corporation makes up approx 2.21% of Nichols Pratt Advisers Llp’s portfolio.Swiss National Bank boosted its stake in UTX in the latest quarter, The investment management firm added 37,900 additional shares and now holds a total of 2,227,221 shares of United Technologies Corporation which is valued at $236,731,320. United Technologies Corporation makes up approx 0.37% of Swiss National Bank’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.

United Technologies Corporation opened for trading at $106.74 and hit $106.965 on the upside on Thursday, eventually ending the session at $106.72, with a gain of 0.27% or 0.29 points. The heightened volatility saw the trading volume jump to 32,31,547 shares. Company has a market cap of $89,317 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.

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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