United Technologies Corporation (NYSE:UTX) – Equities research analysts at William Blair boosted their FY2017 EPS estimates for United Technologies Corporation in a report released on Tuesday. William Blair analyst N. Heymann now anticipates that the conglomerate will earn $6.62 per share for the year, up from their previous forecast of $6.58. William Blair also issued estimates for United Technologies Corporation’s Q4 2017 earnings at $1.62 EPS and FY2018 earnings at $6.85 EPS.

United Technologies Corporation (NYSE:UTX) last issued its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.05. The firm had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. United Technologies Corporation had a net margin of 8.79% and a return on equity of 17.66%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.76 earnings per share.

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A number of other equities analysts have also recently weighed in on UTX. Stifel Nicolaus upped their price target on United Technologies Corporation from $122.00 to $124.00 and gave the stock a “hold” rating in a report on Wednesday. BidaskClub cut United Technologies Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Cowen and Company restated a “hold” rating and issued a $120.00 price target on shares of United Technologies Corporation in a report on Tuesday. Royal Bank Of Canada restated a “hold” rating and issued a $125.00 price target on shares of United Technologies Corporation in a report on Sunday, August 13th. Finally, Zacks Investment Research cut United Technologies Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Fourteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $125.15.

Shares of United Technologies Corporation (NYSE:UTX) opened at 119.93 on Friday. United Technologies Corporation has a one year low of $99.99 and a one year high of $124.79. The firm has a market cap of $95.80 billion, a PE ratio of 18.27 and a beta of 1.05. The company has a 50-day moving average of $115.89 and a 200 day moving average of $118.57.

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Friday, November 17th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Thursday, November 16th. United Technologies Corporation’s dividend payout ratio is currently 43.41%.

Several hedge funds have recently bought and sold shares of the stock. Alexandria Capital LLC raised its position in shares of United Technologies Corporation by 0.3% during the 2nd quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock valued at $132,000 after acquiring an additional 3 shares in the last quarter. Rowland & Co. Investment Counsel ADV raised its position in shares of United Technologies Corporation by 0.3% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock valued at $143,000 after acquiring an additional 3 shares in the last quarter. TCI Wealth Advisors Inc. raised its position in shares of United Technologies Corporation by 0.3% during the 1st quarter. TCI Wealth Advisors Inc. now owns 2,501 shares of the conglomerate’s stock valued at $281,000 after acquiring an additional 7 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its position in shares of United Technologies Corporation by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 1,788 shares of the conglomerate’s stock valued at $218,000 after acquiring an additional 8 shares in the last quarter. Finally, Kissinger Financial Services LLC raised its position in shares of United Technologies Corporation by 0.5% during the 2nd quarter. Kissinger Financial Services LLC now owns 2,095 shares of the conglomerate’s stock valued at $256,000 after acquiring an additional 11 shares in the last quarter. 78.82% of the stock is currently owned by institutional investors and hedge funds.

About United Technologies Corporation

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.

Earnings History and Estimates for United Technologies Corporation (NYSE:UTX)

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