United Technologies Corp. (UTX) Declares Quarterly Dividend of $0.59
United Technologies Corp. (NYSE:UTX) declared a quarterly dividend on Monday, February 3rd, American Banking and Market News reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.59 per share on Monday, March 10th. This represents a $2.36 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Wednesday, February 12th.
A number of research firms have recently commented on UTX. Analysts at TheStreet reiterated a “buy” rating on shares of United Technologies Corp. in a research note to investors on Tuesday, January 28th. On a related note, analysts at Ned Davis Research upgraded shares of United Technologies Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, January 27th. Finally, analysts at Argus raised their price target on shares of United Technologies Corp. from $120.00 to $128.00 in a research note to investors on Friday, January 24th. They now have a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $120.30.
United Technologies Corp. (NYSE:UTX) traded down 2.82% on Monday, hitting $110.80. The stock had a trading volume of 2,726,855 shares. United Technologies Corp. has a 52-week low of $88.37 and a 52-week high of $118.20. The stock’s 50-day moving average is $112.6 and its 200-day moving average is $107.9. The company has a market cap of $99.831 billion and a price-to-earnings ratio of 18.25.
United Technologies Corp. (NYSE:UTX) last released its earnings data on Wednesday, January 22nd. The company reported $1.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.52 by $0.06. The company had revenue of $16.80 billion for the quarter, compared to the consensus estimate of $17.09 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. On average, analysts predict that United Technologies Corp. will post $6.82 earnings per share for the current fiscal year.
In other United Technologies Corp. news, Director Christine Todd Whitman sold 4,850 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $113.50, for a total transaction of $550,475.00. Following the completion of the transaction, the director now directly owns 3,150 shares in the company, valued at approximately $357,525. The transaction was disclosed in a document filed with the SEC, which is available at this link.
United Technologies Corporation (NYSE:UTX) provides high technology products and services to the building systems and aerospace industries worldwide.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.