United Technologies Corp. Declares Quarterly Dividend of $0.59 (UTX)
United Technologies Corp. (NYSE:UTX) announced a quarterly dividend on Wednesday, October 9th, StockRatingsNetwork reports. Shareholders of record on Friday, November 15th will be paid a dividend of $0.589 per share on Tuesday, December 10th. This represents a $2.36 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Wednesday, November 13th.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of United Technologies Corp. in a research note to investors on Tuesday. On the ratings front, analysts at RBC Capital reiterated an “outperform” rating on shares of United Technologies Corp. in a research note to investors on Wednesday, October 2nd. They now have a $118.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of United Technologies Corp. from $114.00 to $120.00 in a research note to investors on Monday, September 30th. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. United Technologies Corp. presently has a consensus rating of “Buy” and a consensus target price of $113.33.
United Technologies Corp. (NYSE:UTX) traded up 0.39% on Wednesday, hitting $103.16. The stock had a trading volume of 2,574,277 shares. United Technologies Corp. has a 52 week low of $74.44 and a 52 week high of $112.46. The stock has a 50-day moving average of $105.5 and a 200-day moving average of $98.98. The company has a market cap of $94.650 billion and a price-to-earnings ratio of 14.88.
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. On average, analysts predict that United Technologies Corp. will post $6.15 earnings per share 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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