Robert W. Baird upgraded shares of United Technologies (NYSE:UTX) from a neutral rating to an outperform rating in a research report released on Friday, January 5th.
A number of other equities analysts have also weighed in on the company. Royal Bank of Canada upgraded United Technologies from a sector perform rating to an outperform rating in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. Cowen restated a hold rating and set a $120.00 target price on shares of United Technologies in a research report on Friday, November 10th. Zacks Investment Research upgraded United Technologies from a sell rating to a hold rating in a research report on Thursday, October 26th. Atlantic Securities upgraded United Technologies from a neutral rating to an overweight rating in a research report on Tuesday, December 5th. Finally, Stifel Nicolaus raised their target price on United Technologies from $122.00 to $124.00 and gave the company a hold rating in a research report on Wednesday, October 25th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. United Technologies has an average rating of Hold and an average price target of $125.63.
United Technologies (UTX) traded up $1.59 during trading on Friday, hitting $136.58. The stock had a trading volume of 5,214,314 shares, compared to its average volume of 3,480,000. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91. The firm has a market cap of $109,070.00, a PE ratio of 21.14, a price-to-earnings-growth ratio of 2.34 and a beta of 1.07. United Technologies has a 52-week low of $106.85 and a 52-week high of $136.58.
United Technologies (NYSE:UTX) last issued its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.05. The company had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. United Technologies had a return on equity of 17.66% and a net margin of 8.79%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $1.76 EPS. equities research analysts forecast that United Technologies will post 6.61 EPS for the current year.
In other United Technologies news, EVP Michael R. Dumais sold 2,986 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $120.98, for a total value of $361,246.28. Following the sale, the executive vice president now owns 27,548 shares of the company’s stock, valued at $3,332,757.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Robert J. Bailey sold 827 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $118.06, for a total value of $97,635.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,466 shares of company stock worth $2,019,274. Corporate insiders own 0.16% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Alexandria Capital LLC grew its stake in shares of United Technologies by 0.3% during the second quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock worth $132,000 after purchasing an additional 3 shares in the last quarter. Rowland & Co. Investment Counsel ADV grew its stake in shares of United Technologies by 0.3% during the second quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock worth $143,000 after purchasing an additional 3 shares in the last quarter. Jackson Grant Investment Advisers Inc. grew its stake in shares of United Technologies by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,788 shares of the conglomerate’s stock worth $218,000 after purchasing an additional 8 shares in the last quarter. Kissinger Financial Services LLC grew its stake in shares of United Technologies by 0.5% during the second quarter. Kissinger Financial Services LLC now owns 2,095 shares of the conglomerate’s stock worth $256,000 after purchasing an additional 11 shares in the last quarter. Finally, Vigilant Capital Management LLC grew its stake in shares of United Technologies by 0.7% during the second quarter. Vigilant Capital Management LLC now owns 1,891 shares of the conglomerate’s stock worth $231,000 after purchasing an additional 14 shares in the last quarter. 80.07% of the stock is currently owned by institutional investors and hedge funds.
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About United Technologies
United Technologies Corporation is engaged in providing high technology products and services to the building systems and aerospace industries around the world. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. Otis operates as an elevator and escalator manufacturing, installation and service company.
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