United Technologies (NYSE:UTX) was upgraded by equities researchers at Atlantic Securities from a “neutral” rating to an “overweight” rating in a research note issued on Tuesday, Marketbeat Ratings reports.

Other research analysts have also recently issued research reports about the stock. Bank of America reissued a “buy” rating and set a $140.00 price target on shares of United Technologies in a research report on Wednesday, September 6th. Cowen reissued a “buy” rating and set a $127.00 price target on shares of United Technologies in a research report on Tuesday, September 5th. Jefferies Group reissued a “buy” rating and set a $139.00 price target on shares of United Technologies in a research report on Tuesday, August 29th. Stifel Nicolaus boosted their price target on shares of United Technologies from $122.00 to $124.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $125.00 price target on shares of United Technologies in a research report on Sunday, August 13th. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $125.15.

Shares of United Technologies (UTX) traded up $0.28 on Tuesday, reaching $120.32. 1,986,799 shares of the company’s stock traded hands, compared to its average volume of 3,037,475. United Technologies has a 52 week low of $106.85 and a 52 week high of $124.79. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.31. The firm has a market cap of $95,924.23, a PE ratio of 18.15, a PEG ratio of 2.16 and a beta of 1.07.

United Technologies (NYSE:UTX) last announced its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.05. The company had revenue of $15.06 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.76 EPS. sell-side analysts predict that United Technologies will post 6.61 EPS for the current year.

In related news, VP Robert J. Bailey sold 827 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $118.06, for a total value of $97,635.62. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael R. Dumais sold 2,986 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $120.98, for a total transaction of $361,246.28. Following the completion of the sale, the executive vice president now owns 27,548 shares in the company, valued at $3,332,757.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,792 shares of company stock worth $1,182,520. 0.16% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC increased its stake in shares of United Technologies by 13.2% during the second quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock worth $2,514,316,000 after buying an additional 2,401,795 shares during the period. Harbour Capital Advisors LLC increased its stake in shares of United Technologies by 11,652.2% during the second quarter. Harbour Capital Advisors LLC now owns 2,127,156 shares of the conglomerate’s stock worth $17,420,000 after buying an additional 2,109,056 shares during the period. Stifel Financial Corp increased its stake in shares of United Technologies by 14,827.8% during the third quarter. Stifel Financial Corp now owns 1,079,875 shares of the conglomerate’s stock worth $125,442,000 after buying an additional 1,072,641 shares during the period. Vanguard Group Inc. increased its stake in shares of United Technologies by 1.6% during the second quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock worth $6,693,250,000 after buying an additional 848,623 shares during the period. Finally, Flossbach Von Storch AG increased its stake in shares of United Technologies by 95.6% during the second quarter. Flossbach Von Storch AG now owns 1,617,008 shares of the conglomerate’s stock worth $197,453,000 after buying an additional 790,496 shares during the period. Hedge funds and other institutional investors own 80.20% of the company’s stock.

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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.

Analyst Recommendations for United Technologies (NYSE:UTX)

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