Investors Sell United Technologies (UTX) on Strength (UTX)

Traders sold shares of United Technologies Co. (NYSE:UTX) on strength during trading on Thursday. $229.91 million flowed into the stock on the tick-up and $326.68 million flowed out of the stock on the tick-down, for a money net flow of $96.77 million out of the stock. Of all equities tracked, United Technologies had the 0th highest net out-flow for the day. United Technologies traded up $0.58 for the day and closed at $121.45

Several brokerages have recently issued reports on UTX. Cowen restated a “hold” rating and issued a $141.00 price objective on shares of United Technologies in a research note on Thursday. UBS Group began coverage on United Technologies in a research note on Wednesday, August 15th. They issued a “buy” rating for the company. ValuEngine upgraded United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 14th. Royal Bank of Canada reduced their price objective on United Technologies to $148.00 and set an “outperform” rating for the company in a research note on Wednesday, October 24th. Finally, Zacks Investment Research raised United Technologies from a “hold” rating to a “buy” rating and set a $159.00 target price on the stock in a report on Tuesday, September 25th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. United Technologies has an average rating of “Buy” and a consensus price target of $151.58.

The firm has a market capitalization of $96.81 billion, a P/E ratio of 18.26, a PEG ratio of 1.84 and a beta of 1.07. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.52 and a quick ratio of 1.17.

United Technologies (NYSE:UTX) last posted its earnings results on Tuesday, October 23rd. The conglomerate reported $1.93 EPS for the quarter, topping the consensus estimate of $1.82 by $0.11. The firm had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.10 billion. United Technologies had a return on equity of 17.70% and a net margin of 7.76%. United Technologies’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $1.73 earnings per share. As a group, research analysts predict that United Technologies Co. will post 7.18 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be issued a dividend of $0.735 per share. This represents a $2.94 annualized dividend and a yield of 2.42%. This is a positive change from United Technologies’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, November 15th. United Technologies’s dividend payout ratio (DPR) is 44.21%.

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in United Technologies by 1.9% in the third quarter. Vanguard Group Inc. now owns 59,240,301 shares of the conglomerate’s stock valued at $8,282,386,000 after purchasing an additional 1,094,947 shares during the period. BlackRock Inc. grew its holdings in United Technologies by 0.7% in the third quarter. BlackRock Inc. now owns 47,687,427 shares of the conglomerate’s stock valued at $6,667,179,000 after purchasing an additional 347,202 shares during the period. FMR LLC grew its holdings in United Technologies by 1.4% in the third quarter. FMR LLC now owns 26,833,527 shares of the conglomerate’s stock valued at $3,751,597,000 after purchasing an additional 372,456 shares during the period. Morgan Stanley grew its holdings in United Technologies by 5.5% in the third quarter. Morgan Stanley now owns 12,431,324 shares of the conglomerate’s stock valued at $1,738,025,000 after purchasing an additional 649,983 shares during the period. Finally, Third Point LLC grew its holdings in United Technologies by 10.5% in the third quarter. Third Point LLC now owns 8,400,000 shares of the conglomerate’s stock valued at $1,174,404,000 after purchasing an additional 800,000 shares during the period. 82.10% of the stock is currently owned by hedge funds and other institutional investors.

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About United Technologies (NYSE:UTX)

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.

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