Teachers Retirement System Of The State Of Kentucky buys $48,385,241 stake in United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : Teachers Retirement System Of The State Of Kentucky scooped up 41,193 additional shares in United Technologies Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 448,593 shares of United Technologies Corporation which is valued at $48,385,241.United Technologies Corporation makes up approximately 0.61% of Teachers Retirement System Of The State Of Kentucky’s portfolio.

Other Hedge Funds, Including , Frontier Wealth Management boosted its stake in UTX in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 11,215 shares of United Technologies Corporation which is valued at $1,209,650. United Technologies Corporation makes up approx 0.17% of Frontier Wealth Management’s portfolio.Great Lakes Advisors reduced its stake in UTX by selling 895 shares or 3.57% in the most recent quarter. The Hedge Fund company now holds 24,192 shares of UTX which is valued at $2,492,986. United Technologies Corporation makes up approx 0.07% of Great Lakes Advisors’s portfolio.Focused Investors reduced its stake in UTX by selling 10,400 shares or 0.96% in the most recent quarter. The Hedge Fund company now holds 1,069,400 shares of UTX which is valued at $109,292,680. United Technologies Corporation makes up approx 4.38% of Focused Investors’s portfolio.Regal Investment Advisors boosted its stake in UTX in the latest quarter, The investment management firm added 392 additional shares and now holds a total of 2,706 shares of United Technologies Corporation which is valued at $275,579. United Technologies Corporation makes up approx 0.08% of Regal Investment Advisors’s portfolio.Personal Capital Advisors Corp boosted its stake in UTX in the latest quarter, The investment management firm added 6,288 additional shares and now holds a total of 37,102 shares of United Technologies Corporation which is valued at $3,747,673. United Technologies Corporation makes up approx 0.13% of Personal Capital Advisors Corp’s portfolio.

United Technologies Corporation closed down -0.2 points or -0.19% at $106.5 with 26,77,456 shares getting traded on Monday. Post opening the session at $106.66, the shares hit an intraday low of $106.37 and an intraday high of $106.96 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, United Technologies Corporation reported $1.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $1.67. The company had revenue of $14354.00 million for the quarter, compared to analysts expectations of $14286.18 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS.

Many Wall Street Analysts have commented on United Technologies Corporation. United Technologies Corporation was Downgraded by Citigroup to ” Neutral” on Oct 10, 2016. 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.

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