Robert J. Bailey Sells 827 Shares of United Technologies Corporation (UTX) Stock

United Technologies Corporation (NYSE:UTX) VP Robert J. Bailey sold 827 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $118.06, for a total transaction of $97,635.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of United Technologies Corporation (NYSE:UTX) traded down $1.33 during midday trading on Friday, hitting $120.12. 3,881,741 shares of the company’s stock were exchanged, compared to its average volume of 3,038,684. United Technologies Corporation has a fifty-two week low of $106.85 and a fifty-two week high of $124.79. The company has a market capitalization of $95,920.00, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 2.12 and a beta of 1.07. The company has a quick ratio of 0.91, a current ratio of 1.31 and a debt-to-equity ratio of 0.76.

United Technologies (NYSE:UTX) last announced its quarterly 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 company had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. United Technologies had a net margin of 8.79% and a return on equity of 17.66%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.76 earnings per share. research analysts forecast that United Technologies Corporation will post 6.61 earnings per share for the current year.

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 of this dividend is Thursday, November 16th. United Technologies’s dividend payout ratio (DPR) is currently 43.34%.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Knowledge Leaders Capital LLC purchased a new stake in United Technologies in the third quarter worth approximately $105,000. Tortoise Investment Management LLC boosted its holdings in United Technologies by 5.3% in the second quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock worth $117,000 after purchasing an additional 48 shares during the last quarter. Seven Bridges Advisors LLC purchased a new stake in United Technologies in the second quarter worth approximately $120,000. Wealthcare Advisory Partners LLC purchased a new stake in United Technologies in the third quarter worth approximately $118,000. Finally, Winfield Associates Inc. boosted its holdings in United Technologies by 2.9% in the second quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock worth $126,000 after purchasing an additional 29 shares during the last quarter. 80.19% of the stock is owned by institutional investors.

Several analysts have commented on the stock. Royal Bank Of Canada set a $126.00 price objective on shares of United Technologies and gave the stock a “hold” rating in a report on Sunday, November 12th. Cowen restated a “hold” rating and issued a $120.00 price objective on shares of United Technologies in a report on Friday, November 10th. Zacks Investment Research raised shares of United Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Stifel Nicolaus raised their target price on shares of United Technologies from $122.00 to $124.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Finally, Deutsche Bank decreased their target price on shares of United Technologies from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Wednesday, September 6th. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $125.15.

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

Insider Buying and Selling by Quarter for United Technologies (NYSE:UTX)

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