Piedmont Investment Advisors buys $49,655,063 stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Piedmont Investment Advisors scooped up 258,558 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 15, 2016. The investment management firm now holds a total of 456,095 shares of United Technologies Corporation which is valued at $49,655,063.United Technologies Corporation makes up approximately 1.00% of Piedmont Investment Advisors’s portfolio.

Other Hedge Funds, Including , Jones Financial Companies Lllp boosted its stake in UTX in the latest quarter, The investment management firm added 338 additional shares and now holds a total of 114,344 shares of United Technologies Corporation which is valued at $12,448,631. United Technologies Corporation makes up approx 0.05% of Jones Financial Companies Lllp’s portfolio.Cable Hill Partners boosted its stake in UTX in the latest quarter, The investment management firm added 438 additional shares and now holds a total of 1,181 shares of United Technologies Corporation which is valued at $128,575. United Technologies Corporation makes up approx 0.09% of Cable Hill Partners’s portfolio.Cadinha Co reduced its stake in UTX by selling 400 shares or 5.81% in the most recent quarter. The Hedge Fund company now holds 6,488 shares of UTX which is valued at $708,360. United Technologies Corporation makes up approx 0.15% of Cadinha Co’s portfolio.Ipswich Investment Management reduced its stake in UTX by selling 149 shares or 3.55% in the most recent quarter. The Hedge Fund company now holds 4,052 shares of UTX which is valued at $430,687. United Technologies Corporation makes up approx 0.21% of Ipswich Investment Management’s portfolio. Quantres Asset Management Ltd added UTX to its portfolio by purchasing 2,000 company shares during the most recent quarter which is valued at $210,260. United Technologies Corporation makes up approx 0.13% of Quantres Asset Management Ltd’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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