Wall Street brokerages expect United Technologies Co. (NYSE:UTX) to post $15.39 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for United Technologies’ earnings, with estimates ranging from $15.16 billion to $15.48 billion. United Technologies reported sales of $14.66 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 5%. The company is scheduled to announce its next earnings report before the market opens on Wednesday, January 24th.

According to Zacks, analysts expect that United Technologies will report full-year sales of $15.39 billion for the current year, with estimates ranging from $59.51 billion to $60.08 billion. For the next financial year, analysts forecast that the business will post sales of $62.88 billion per share, with estimates ranging from $62.03 billion to $63.58 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for United Technologies.

United Technologies (NYSE:UTX) last posted its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the prior year, the business earned $1.76 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis.

Several equities research analysts have weighed in on UTX shares. Royal Bank of Canada restated a “hold” rating and set a $126.00 target price on shares of United Technologies in a research note on Tuesday, October 10th. Zacks Investment Research cut United Technologies from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Cowen reiterated a “hold” rating and issued a $120.00 price target on shares of United Technologies in a research note on Tuesday, October 24th. Stifel Nicolaus increased their price target on United Technologies from $122.00 to $124.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Finally, Atlantic Securities upgraded United Technologies from a “neutral” rating to an “overweight” rating in a research note on Tuesday, December 5th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $125.63.

In related news, EVP Michael R. Dumais sold 2,986 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $120.98, for a total transaction of $361,246.28. Following the completion of the transaction, the executive vice president now directly owns 27,548 shares of the company’s stock, valued at approximately $3,332,757.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Robert J. Bailey sold 827 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $118.06, for a total value of $97,635.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,466 shares of company stock valued at $2,019,274. 0.16% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in UTX. Vanguard Group Inc. grew its holdings in United Technologies by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock worth $6,693,250,000 after acquiring an additional 848,623 shares during the period. BlackRock Inc. grew its holdings in United Technologies by 0.3% during the 2nd quarter. BlackRock Inc. now owns 44,095,986 shares of the conglomerate’s stock worth $5,384,561,000 after acquiring an additional 133,036 shares during the period. FMR LLC grew its holdings in United Technologies by 13.2% during the 2nd quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock worth $2,514,316,000 after acquiring an additional 2,401,795 shares during the period. Capital Research Global Investors grew its holdings in United Technologies by 3.6% during the 2nd quarter. Capital Research Global Investors now owns 8,779,642 shares of the conglomerate’s stock worth $1,072,082,000 after acquiring an additional 304,989 shares during the period. Finally, Boston Partners grew its holdings in United Technologies by 5.3% during the 3rd quarter. Boston Partners now owns 5,467,419 shares of the conglomerate’s stock worth $634,658,000 after acquiring an additional 274,184 shares during the period. 80.07% of the stock is owned by institutional investors and hedge funds.

United Technologies (UTX) traded up $0.19 during midday trading on Friday, reaching $134.61. The company’s stock had a trading volume of 3,208,500 shares, compared to its average volume of 4,327,958. 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 has a 12-month low of $106.85 and a 12-month high of $137.73. The company has a market capitalization of $108,170.00, a PE ratio of 20.84, a PEG ratio of 2.33 and a beta of 1.07.

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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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