United Technologies Corporation (UTX) : Pure Financial Advisors reduced its stake in United Technologies Corporation by 2.62% during the most recent quarter end. The investment management company now holds a total of 3,602 shares of United Technologies Corporation which is valued at $362,289 after selling 97 shares in United Technologies Corporation , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.United Technologies Corporation makes up approximately 0.12% of Pure Financial Advisors’s portfolio.
Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in UTX by selling 2,720 shares or 1.35% in the most recent quarter. The Hedge Fund company now holds 198,739 shares of UTX which is valued at $19,989,169. United Technologies Corporation makes up approx 0.42% of Exxonmobil Investment Management Inc Tx’s portfolio.Acropolis Investment Management reduced its stake in UTX by selling 498 shares or 4.74% in the most recent quarter. The Hedge Fund company now holds 10,001 shares of UTX which is valued at $1,022,602. United Technologies Corporation makes up approx 0.19% of Acropolis Investment Management’s portfolio.West Oak Capital boosted its stake in UTX in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 5,487 shares of United Technologies Corporation which is valued at $561,046. United Technologies Corporation makes up approx 0.39% of West Oak Capital’s portfolio.
United Technologies Corporation closed down -1.5 points or -1.47% at $100.58 with 39,38,697 shares getting traded on Friday. Post opening the session at $100.96, the shares hit an intraday low of $99.81 and an intraday high of $101.01 and the price fluctuated in this range throughout the day.Shares ended Friday 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.
Many Wall Street Analysts have commented on United Technologies Corporation. Shares were Reiterated by UBS on Sep 19, 2016 to “Buy” and Lowered the Price Target to $ 115 from a previous price target of $118 .
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.