United Technologies SVP Elizabeth B. Amato Sells 7,150 Shares (UTX)
United Technologies (NYSE:UTX) SVP Elizabeth B. Amato sold 7,150 shares of the stock on the open market in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $120.08, for a total value of $858,572.00. Following the completion of the sale, the senior vice president now directly owns 16,554 shares of the company’s stock, valued at approximately $1,987,804. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of United Technologies in a research note on Thursday, April 24th. They now have a $126.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of United Technologies in a research note on Wednesday, April 23rd. They now have a $125.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of United Technologies in a research note on Wednesday, April 23rd. They now have a $127.00 price target on the stock. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. United Technologies presently has a consensus rating of “Buy” and a consensus price target of $125.26.
United Technologies (NYSE:UTX) traded down 0.80% on Tuesday, hitting $119.13. The stock had a trading volume of 2,619,975 shares. United Technologies has a 52 week low of $90.30 and a 52 week high of $120.66. The stock has a 50-day moving average of $117. and a 200-day moving average of $114.. The company has a market cap of $109.2 billion and a price-to-earnings ratio of 19.43.
United Technologies (NYSE:UTX) last announced its earnings results on Tuesday, April 22nd. The company reported $1.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.27 by $0.05. The company had revenue of $14.75 billion for the quarter, compared to the consensus estimate of $14.74 billion. During the same quarter last year, the company posted $1.28 earnings per share. United Technologies’s revenue was up 2.4% compared to the same quarter last year. Analysts expect that United Technologies will post $6.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 10th. Stockholders of record on Friday, May 16th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, May 14th.
United Technologies Corporation (NYSE:UTX) provides high technology products and services to the building systems and aerospace industries worldwide.
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