United Technologies Co. (UTX) Given Average Rating of “Buy” by Analysts

United Technologies Co. (NYSE:UTX) has been assigned an average rating of “Buy” from the twenty analysts that are covering the stock, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $138.50.

Several research analysts have recently commented on the company. ValuEngine raised United Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus reissued a “hold” rating and set a $146.00 price objective (up previously from $124.00) on shares of United Technologies in a report on Thursday, January 25th. Cowen reissued a “hold” rating and set a $141.00 price objective on shares of United Technologies in a report on Thursday, January 25th. UBS Group assumed coverage on United Technologies in a report on Tuesday, January 23rd. They set a “buy” rating and a $158.00 price objective for the company. Finally, Goldman Sachs Group raised United Technologies from a “neutral” rating to a “buy” rating in a report on Monday, January 8th.

United Technologies (UTX) opened at $129.65 on Friday. United Technologies has a twelve month low of $107.05 and a twelve month high of $139.24. The company has a current ratio of 1.35, a quick ratio of 0.94 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $101,800.00, a PE ratio of 22.36, a PEG ratio of 2.24 and a beta of 1.08.

United Technologies (NYSE:UTX) last issued its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $1.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.04. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The company had revenue of $15.68 billion during the quarter, compared to analyst estimates of $15.34 billion. During the same quarter in the previous year, the firm earned $1.56 earnings per share. United Technologies’s revenue was up 7.0% on a year-over-year basis. research analysts forecast that United Technologies will post 7.01 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 16th will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $2.80 dividend on an annualized basis and a yield of 2.16%. United Technologies’s payout ratio is 49.12%.

In other United Technologies news, VP Akhil Johri sold 5,979 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $121.03, for a total value of $723,638.37. Following the completion of the sale, the vice president now owns 23,295 shares in the company, valued at $2,819,393.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Elizabeth B. Amato sold 4,341 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $125.92, for a total value of $546,618.72. Following the completion of the sale, the executive vice president now owns 29,122 shares of the company’s stock, valued at approximately $3,667,042.24. The disclosure for this sale can be found here. Insiders sold a total of 13,480 shares of company stock valued at $1,658,028 in the last 90 days. 0.16% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Connecticut Wealth Management LLC raised its holdings in shares of United Technologies by 10.1% during the second quarter. Connecticut Wealth Management LLC now owns 11,966 shares of the conglomerate’s stock valued at $1,473,000 after acquiring an additional 1,098 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of United Technologies by 8.4% during the second quarter. Pacer Advisors Inc. now owns 18,682 shares of the conglomerate’s stock valued at $2,281,000 after acquiring an additional 1,447 shares in the last quarter. Stoneridge Investment Partners LLC raised its holdings in shares of United Technologies by 755.1% during the second quarter. Stoneridge Investment Partners LLC now owns 33,178 shares of the conglomerate’s stock valued at $4,051,000 after acquiring an additional 29,298 shares in the last quarter. Federated Investors Inc. PA raised its holdings in shares of United Technologies by 22.2% during the second quarter. Federated Investors Inc. PA now owns 65,214 shares of the conglomerate’s stock valued at $7,963,000 after acquiring an additional 11,851 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of United Technologies by 136.2% during the second quarter. Canada Pension Plan Investment Board now owns 340,295 shares of the conglomerate’s stock valued at $41,553,000 after acquiring an additional 196,200 shares in the last quarter. Hedge funds and other institutional investors own 80.01% 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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