Wall Street analysts expect United Technologies Co. (NYSE:UTX) to report sales of $15.18 billion for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for United Technologies’ earnings, with estimates ranging from $15.01 billion to $15.37 billion. United Technologies posted sales of $14.87 billion during the same quarter last year, which would indicate a positive year over year growth rate of 2.1%. The company is scheduled to announce its next quarterly earnings report on Tuesday, July 25th.

According to Zacks, analysts expect that United Technologies will report full-year sales of $15.18 billion for the current year, with estimates ranging from $58.47 billion to $59.39 billion. For the next year, analysts forecast that the firm will report sales of $61.75 billion per share, with estimates ranging from $61.03 billion to $63.3 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow United Technologies.

United Technologies (NYSE:UTX) last issued its quarterly earnings results on Wednesday, April 26th. The conglomerate reported $1.48 EPS for the quarter, topping the consensus estimate of $1.39 by $0.09. United Technologies had a net margin of 8.83% and a return on equity of 18.13%. The company had revenue of $13.82 billion during the quarter, compared to analysts’ expectations of $13.50 billion. During the same quarter in the previous year, the company earned $1.47 EPS. United Technologies’s revenue was up 3.4% on a year-over-year basis.

A number of research analysts recently issued reports on the stock. Vetr lowered shares of United Technologies from a “hold” rating to a “sell” rating and set a $108.06 price objective for the company. in a report on Monday, March 27th. Jefferies Group LLC restated a “buy” rating and set a $132.00 price target (up previously from $126.00) on shares of United Technologies in a report on Thursday, April 27th. Deutsche Bank AG raised their price target on shares of United Technologies from $115.00 to $120.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Royal Bank of Canada raised their price target on shares of United Technologies from $118.00 to $125.00 and gave the stock a “sector perform” rating in a report on Thursday, April 27th. Finally, Zacks Investment Research lowered shares of United Technologies from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. United Technologies presently has a consensus rating of “Hold” and an average price target of $119.94.

Shares of United Technologies (NYSE:UTX) opened at 121.85 on Friday. The firm has a market cap of $97.63 billion, a PE ratio of 18.97 and a beta of 1.09. The stock’s 50 day moving average is $118.29 and its 200 day moving average is $112.46. United Technologies has a 12 month low of $96.89 and a 12 month high of $122.84.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 10th. Investors of record on Friday, May 19th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 2.17%. The ex-dividend date is Wednesday, May 17th. United Technologies’s payout ratio is currently 43.21%.

In related news, VP Robert J. Bailey sold 2,702 shares of United Technologies stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $119.53, for a total value of $322,970.06. Following the completion of the sale, the vice president now owns 5,000 shares of the company’s stock, valued at approximately $597,650. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Philippe Delpech sold 7,696 shares of United Technologies stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $120.32, for a total transaction of $925,982.72. Following the completion of the sale, the insider now directly owns 63,621 shares of the company’s stock, valued at approximately $7,654,878.72. The disclosure for this sale can be found here. Company insiders own 0.15% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Jensen Investment Management Inc. increased its stake in United Technologies by 10.5% in the third quarter. Jensen Investment Management Inc. now owns 3,241,441 shares of the conglomerate’s stock valued at $329,330,000 after buying an additional 309,089 shares during the last quarter. BerganKDV Wealth Management LLC increased its stake in United Technologies by 9.4% in the third quarter. BerganKDV Wealth Management LLC now owns 7,198 shares of the conglomerate’s stock valued at $731,000 after buying an additional 621 shares during the last quarter. State of Wisconsin Investment Board increased its stake in United Technologies by 2.6% in the third quarter. State of Wisconsin Investment Board now owns 964,830 shares of the conglomerate’s stock valued at $98,027,000 after buying an additional 24,200 shares during the last quarter. Stockman Asset Management increased its stake in United Technologies by 4.5% in the third quarter. Stockman Asset Management now owns 29,976 shares of the conglomerate’s stock valued at $3,046,000 after buying an additional 1,292 shares during the last quarter. Finally, Hendershot Investments Inc. increased its stake in United Technologies by 3.2% in the third quarter. Hendershot Investments Inc. now owns 33,878 shares of the conglomerate’s stock valued at $3,442,000 after buying an additional 1,063 shares during the last quarter. 79.89% of the stock is owned by institutional investors and hedge funds.

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About United Technologies

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. Otis operates as an elevator and escalator manufacturing, installation and service company.

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