United Technologies (NYSE:UTX)‘s stock had its “hold” rating restated by analysts at Cowen in a research note issued on Sunday. They currently have a $141.00 price objective on the conglomerate’s stock. Cowen’s price objective points to a potential upside of 10.69% from the stock’s current price.
Several other equities analysts have also commented on UTX. Argus raised United Technologies from a “hold” rating to a “buy” rating in a research note on Friday. Sanford C. Bernstein reaffirmed a “positive” rating and issued a $153.00 price target (up previously from $135.00) on shares of United Technologies in a research note on Tuesday, January 30th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $146.00 price target (up previously from $124.00) on shares of United Technologies in a research note on Thursday, January 25th. ValuEngine raised United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, UBS Group assumed coverage on United Technologies in a research note on Tuesday, January 23rd. They issued a “buy” rating and a $158.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $136.15.
United Technologies (UTX) opened at $127.38 on Friday. United Technologies has a 12 month low of $107.05 and a 12 month high of $139.24. The company has a market capitalization of $101,720.00, a price-to-earnings ratio of 22.35, a PEG ratio of 2.12 and a beta of 1.08. The company has a quick ratio of 0.94, a current ratio of 1.35 and a debt-to-equity ratio of 0.80.
United Technologies (NYSE:UTX) last announced its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $1.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.04. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $15.34 billion. During the same quarter in the prior year, the company posted $1.56 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. sell-side analysts expect that United Technologies will post 7.01 earnings per share for the current year.
In related news, VP Robert J. Bailey sold 864 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $126.01, for a total transaction of $108,872.64. Following the transaction, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $252,020. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Robert J. Bailey sold 827 shares of the stock in a transaction dated Wednesday, November 29th. The stock was 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 three months, insiders have sold 13,480 shares of company stock worth $1,658,028. 0.16% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Knowledge Leaders Capital LLC acquired a new stake in United Technologies in the 3rd quarter valued at about $105,000. Tortoise Investment Management LLC raised its position in United Technologies by 5.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock valued at $117,000 after purchasing an additional 48 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in United Technologies in the 3rd quarter valued at about $118,000. Seven Bridges Advisors LLC acquired a new stake in United Technologies in the 2nd quarter valued at about $120,000. Finally, Thompson Davis & CO. Inc. raised its position in United Technologies by 750.4% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,080 shares of the conglomerate’s stock valued at $125,000 after purchasing an additional 953 shares in the last quarter. 79.87% of the stock is currently owned by hedge funds and other institutional investors.
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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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