United Technologies Corp. (NYSE:UTX) – Equities research analysts at Jefferies Group lowered their FY2017 earnings estimates for shares of United Technologies Corp. in a report issued on Monday. Jefferies Group analyst H. Rubel now anticipates that the brokerage will earn $7.10 per share for the year, down from their previous estimate of $7.75. Jefferies Group has a “Buy” rating and a $118.00 price target on the stock. Jefferies Group also issued estimates for United Technologies Corp.’s FY2018 earnings at $7.75 EPS.

UTX has been the subject of several other research reports. Wells Fargo & Co. reaffirmed an “outperform” rating on shares of United Technologies Corp. in a report on Tuesday, September 13th. Zacks Investment Research cut shares of United Technologies Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Barclays PLC boosted their price target on shares of United Technologies Corp. from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 27th. Sterne Agee CRT cut shares of United Technologies Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 1st. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $108.00 price target on shares of United Technologies Corp. in a research report on Tuesday, June 14th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. United Technologies Corp. has an average rating of “Hold” and an average target price of $110.00.

United Technologies Corp. (NYSE:UTX) traded up 1.02% during midday trading on Wednesday, hitting $101.26. 1,903,338 shares of the company traded hands. The company has a market cap of $84.75 billion, a PE ratio of 11.94 and a beta of 1.06. United Technologies Corp. has a 12-month low of $83.39 and a 12-month high of $109.83. The stock has a 50 day moving average price of $106.34 and a 200-day moving average price of $102.91.

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United Technologies Corp. (NYSE:UTX) last released its earnings results on Tuesday, July 26th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.14. United Technologies Corp. had a net margin of 12.79% and a return on equity of 18.14%. The business had revenue of $14.90 billion for the quarter, compared to analysts’ expectations of $14.67 billion. During the same period last year, the company earned $1.81 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis.

Several large investors have recently made changes to their positions in UTX. Lodestar Investment Counsel LLC IL boosted its stake in shares of United Technologies Corp. by 3.0% in the second quarter. Lodestar Investment Counsel LLC IL now owns 174,686 shares of the company’s stock worth $17,914,000 after buying an additional 5,038 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of United Technologies Corp. by 92.4% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,743,598 shares of the company’s stock worth $174,534,000 after buying an additional 837,588 shares during the last quarter. Thomaspartners Inc. boosted its stake in shares of United Technologies Corp. by 8.4% in the first quarter. Thomaspartners Inc. now owns 1,276,500 shares of the company’s stock worth $127,778,000 after buying an additional 99,359 shares during the last quarter. Dearborn Partners LLC boosted its stake in shares of United Technologies Corp. by 2.7% in the second quarter. Dearborn Partners LLC now owns 156,790 shares of the company’s stock worth $16,079,000 after buying an additional 4,105 shares during the last quarter. Finally, National Pension Service boosted its stake in shares of United Technologies Corp. by 4.1% in the first quarter. National Pension Service now owns 442,191 shares of the company’s stock worth $44,263,000 after buying an additional 17,569 shares during the last quarter. 80.18% of the stock is owned by institutional investors and hedge funds.

In related news, VP Charles D. Gill sold 7,144 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $108.05, for a total value of $771,909.20. Following the completion of the sale, the vice president now owns 55,278 shares of the company’s stock, valued at approximately $5,972,787.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert J. Mcdonough sold 3,100 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $107.11, for a total value of $332,041.00. Following the completion of the sale, the insider now directly owns 11,349 shares of the company’s stock, valued at approximately $1,215,591.39. The disclosure for this sale can be found here. 0.15% of the stock is owned by corporate insiders.

United Technologies Corp. Company Profile

United Technologies Corporation is engaged in providing high technology products and services to the building systems and aerospace industries around the world. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. Its Otis segment designs, manufactures, sells and installs a range of passenger and freight elevators, as well as a line of escalators and moving walkways.

5 Day Chart for NYSE:UTX

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