News coverage about United Technologies (NYSE:UTX) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. United Technologies earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media stories about the conglomerate an impact score of 45.5152701156404 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
UTX has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of United Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Robert W. Baird upgraded shares of United Technologies from a “neutral” rating to an “outperform” rating in a research report on Friday, January 5th. Royal Bank of Canada set a $126.00 target price on shares of United Technologies and gave the stock a “hold” rating in a research report on Sunday, November 12th. Cowen restated a “hold” rating and set a $120.00 price target on shares of United Technologies in a report on Tuesday, October 24th. Finally, Stifel Nicolaus raised their price target on shares of United Technologies from $122.00 to $124.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $125.63.
Shares of United Technologies (NYSE:UTX) opened at $136.58 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.31 and a debt-to-equity ratio of 0.76. The stock has a market cap of $109,070.00, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 2.34 and a beta of 1.07. United Technologies has a 12-month low of $106.85 and a 12-month high of $136.58.
United Technologies (NYSE:UTX) last posted its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.05. United Technologies had a net margin of 8.79% and a return on equity of 17.66%. The company had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same period last year, the business posted $1.76 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. sell-side analysts predict that United Technologies will post 6.61 earnings per share for the current fiscal year.
In other news, EVP Michael R. Dumais sold 2,986 shares of United Technologies stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $120.98, for a total transaction of $361,246.28. Following the sale, the executive vice president now directly owns 27,548 shares in the company, valued at approximately $3,332,757.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert J. Bailey sold 636 shares of United Technologies stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $124.35, for a total transaction of $79,086.60. Following the sale, the vice president now owns 1,500 shares in the company, valued at $186,525. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,466 shares of company stock worth $2,019,274. 0.16% of the stock is owned by company insiders.
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United Technologies Company Profile
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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