Shares of United Technologies Co. (NYSE:UTX) have been assigned a consensus rating of “Hold” from the twenty ratings firms that are presently covering the stock, Marketbeat.com reports. Twelve research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $127.50.

A number of equities analysts have recently commented on UTX shares. Royal Bank of Canada reissued a “hold” rating and set a $126.00 price target on shares of United Technologies in a report on Tuesday, October 10th. Zacks Investment Research lowered United Technologies from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Cowen restated a “hold” rating and set a $120.00 price objective on shares of United Technologies in a research report on Tuesday, October 24th. Stifel Nicolaus boosted their price objective on United Technologies from $122.00 to $124.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Finally, Atlantic Securities upgraded United Technologies from a “neutral” rating to an “overweight” rating in a research report on Tuesday, December 5th.

In other United Technologies news, VP Robert J. Bailey sold 827 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $118.06, for a total value of $97,635.62. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Robert J. Bailey sold 636 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $124.35, for a total value of $79,086.60. Following the completion of the sale, the vice president now owns 1,500 shares in the company, valued at approximately $186,525. The disclosure for this sale can be found here. Insiders have sold a total of 16,466 shares of company stock worth $2,019,274 in the last 90 days. 0.16% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its position in shares of United Technologies by 13.2% during the 2nd quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock valued at $2,514,316,000 after purchasing an additional 2,401,795 shares in the last quarter. Harbour Capital Advisors LLC boosted its position in shares of United Technologies by 11,652.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,127,156 shares of the conglomerate’s stock valued at $17,420,000 after purchasing an additional 2,109,056 shares in the last quarter. Stifel Financial Corp boosted its position in shares of United Technologies by 14,827.8% during the 3rd quarter. Stifel Financial Corp now owns 1,079,875 shares of the conglomerate’s stock valued at $125,442,000 after purchasing an additional 1,072,641 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of United Technologies by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock valued at $6,693,250,000 after purchasing an additional 848,623 shares in the last quarter. Finally, Flossbach Von Storch AG boosted its position in shares of United Technologies by 95.6% during the 2nd quarter. Flossbach Von Storch AG now owns 1,617,008 shares of the conglomerate’s stock valued at $197,453,000 after purchasing an additional 790,496 shares in the last quarter. Hedge funds and other institutional investors own 80.07% of the company’s stock.

United Technologies (NYSE UTX) opened at $136.58 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.91 and a debt-to-equity ratio of 0.76. United Technologies has a fifty-two week low of $106.85 and a fifty-two week high of $136.58. The company has a market capitalization of $109,070.00, a price-to-earnings ratio of 21.14, a PEG ratio of 2.37 and a beta of 1.07.

United Technologies (NYSE:UTX) last posted its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. United Technologies had a return on equity of 17.66% and a net margin of 8.79%. The company had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. During the same quarter in the previous year, the firm earned $1.76 EPS. United Technologies’s revenue was up 4.9% on a year-over-year basis. research analysts expect that United Technologies will post 6.61 earnings per share for the current fiscal year.

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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.

Analyst Recommendations for United Technologies (NYSE:UTX)

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