United Technologies Corp. CFO Gregory Hayes Sells 146,033 Shares (UTX)
United Technologies Corp. (NYSE:UTX) CFO Gregory Hayes sold 146,033 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $109.55, for a total transaction of $15,997,915.15. Following the transaction, the chief financial officer now directly owns 60,419 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on UTX shares. Analysts at TheStreet reiterated a “buy” rating on shares of United Technologies Corp. (NYSE:UTX) in a research note to investors on Tuesday.
Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. United Technologies Corp. currently has a consensus rating of “Buy” and an average target price of $112.21.
United Technologies Corp. (NYSE:UTX) traded up 0.56% on Wednesday, hitting $111.01. The stock had a trading volume of 3,718,707 shares. United Technologies Corp. has a 52-week low of $74.44 and a 52-week high of $111.47. The stock has a 50-day moving average of $104.6 and a 200-day moving average of $97.30. The company has a market cap of $101.9 billion and a P/E ratio of 15.98.
United Technologies Corp. (NYSE:UTX) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.58 by $0.07. The company had revenue of $16.00 billion for the quarter, compared to the consensus estimate of $16.41 billion. During the same quarter last year, the company posted $1.58 earnings per share. United Technologies Corp.’s revenue was up 15.9% compared to the same quarter last year. Analysts expect that United Technologies Corp. will post $6.15 EPS for the current fiscal year.
United Technologies Corporation (NYSE:UTX) provides high technology products and services to the building systems and aerospace industries worldwide.
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