Wall Street brokerages forecast that United Technologies Co. (NYSE:UTX) will report earnings per share of $1.56 for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for United Technologies’ earnings. The lowest EPS estimate is $1.54 and the highest is $1.62. United Technologies also reported earnings of $1.56 per share in the same quarter last year. The business is expected to issue its next quarterly earnings report before the market opens on Wednesday, January 24th.

According to Zacks, analysts expect that United Technologies will report full year earnings of $6.61 per share for the current fiscal year, with EPS estimates ranging from $6.60 to $6.63. For the next financial year, analysts anticipate that the firm will report earnings of $6.86 per share, with EPS estimates ranging from $6.75 to $7.13. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for United Technologies.

United Technologies (NYSE:UTX) last issued its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. United Technologies had a net margin of 8.79% and a return on equity of 17.66%. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the prior year, the firm posted $1.76 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year.

Several research analysts recently weighed in on UTX shares. Zacks Investment Research upgraded shares of United Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Robert W. Baird upgraded shares of United Technologies from a “neutral” rating to an “outperform” rating in a research report on Friday, January 5th. Royal Bank of Canada set a $126.00 price target on shares of United Technologies and gave the stock a “hold” rating in a research report on Sunday, November 12th. Cowen restated a “hold” rating and set a $120.00 price target on shares of United Technologies in a research report on Tuesday, October 24th. Finally, Stifel Nicolaus upped their price target on shares of United Technologies from $122.00 to $124.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $125.63.

United Technologies (UTX) traded down $2.61 on Wednesday, hitting $133.97. 5,215,900 shares of the company traded hands, compared to its average volume of 4,481,320. United Technologies has a 52-week low of $106.85 and a 52-week high of $137.73. 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 $107,130.00, a P/E ratio of 20.74, a PEG ratio of 2.37 and a beta of 1.07.

In other news, VP Robert J. Bailey sold 864 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $126.01, for a total value of $108,872.64. Following the completion of the sale, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $252,020. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Akhil Johri sold 5,979 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $121.03, for a total transaction of $723,638.37. Following the completion of the sale, the vice president now directly owns 23,295 shares of the company’s stock, valued at approximately $2,819,393.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,466 shares of company stock valued at $2,019,274. 0.16% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Connecticut Wealth Management LLC boosted its position in shares of United Technologies by 10.1% during the 2nd quarter. Connecticut Wealth Management LLC now owns 11,966 shares of the conglomerate’s stock worth $1,473,000 after purchasing an additional 1,098 shares during the period. Pacer Advisors Inc. boosted its position in shares of United Technologies by 8.4% during the 2nd quarter. Pacer Advisors Inc. now owns 18,682 shares of the conglomerate’s stock worth $2,281,000 after purchasing an additional 1,447 shares during the period. Stoneridge Investment Partners LLC boosted its position in shares of United Technologies by 755.1% during the 2nd quarter. Stoneridge Investment Partners LLC now owns 33,178 shares of the conglomerate’s stock worth $4,051,000 after purchasing an additional 29,298 shares during the period. Federated Investors Inc. PA boosted its position in shares of United Technologies by 22.2% during the 2nd quarter. Federated Investors Inc. PA now owns 65,214 shares of the conglomerate’s stock worth $7,963,000 after purchasing an additional 11,851 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of United Technologies by 136.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 340,295 shares of the conglomerate’s stock worth $41,553,000 after purchasing an additional 196,200 shares during the period. 80.07% of the stock is owned by institutional investors and hedge funds.

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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.

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