Investment Analysts’ Recent Ratings Updates for United Technologies (UTX)

United Technologies (NYSE: UTX) has recently received a number of price target changes and ratings updates:

  • 2/11/2018 – United Technologies had its “hold” rating reaffirmed by analysts at Cowen Inc. They now have a $141.00 price target on the stock.
  • 2/9/2018 – United Technologies was upgraded by analysts at Argus from a “hold” rating to a “buy” rating.
  • 2/2/2018 – United Technologies was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/30/2018 – United Technologies had its “positive” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $153.00 price target on the stock, up previously from $135.00.
  • 1/25/2018 – United Technologies had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $146.00 price target on the stock, up previously from $124.00.
  • 1/25/2018 – United Technologies had its “hold” rating reaffirmed by analysts at Cowen Inc. They now have a $141.00 price target on the stock.
  • 1/23/2018 – United Technologies is now covered by analysts at UBS Group AG. They set a “buy” rating and a $158.00 price target on the stock.
  • 1/22/2018 – United Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “United Technologies remains focused on four key priorities to fuel its growth momentum: flawless execution, innovation for growth, structural cost reduction and disciplined capital allocation. The acquisition of Rockwell Collins is further expected to offer a bigger clout in the industry and increase its bargaining power as the combined entity would emerge as one of the largest global aircraft equipment manufacturers. Management further increased its guidance for 2017 on healthy growth dynamics. The company also outperformed the industry in the last three months. However, United Technologies is exposed to market price volatility and availability risks related to raw materials, which hamper its ability to meet delivery schedules and increase operating costs. Fluctuations in foreign currency exchange rates affect the company’s net investment in foreign subsidiaries. High R&D costs also remain a significant challenge for the company.”
  • 1/20/2018 – United Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $151.00 price target on the stock. According to Zacks, “United Technologies remains focused on four key priorities to fuel its growth momentum: flawless execution, innovation for growth, structural cost reduction and disciplined capital allocation. The acquisition of Rockwell Collins is further expected to offer a bigger clout in the industry and increase its bargaining power as the combined entity would emerge as one of the largest global aircraft equipment manufacturers. The company’s aftermarket services business is relatively stable compared to new product delivery, and it helps offset the negative impact of downturns in the new products market. Management further increased its guidance for 2017 on healthy growth dynamics. The company also outperformed the industry in the last three months. However, United Technologies is exposed to market price volatility and availability risks related to raw materials, which hamper its ability to meet delivery schedules and increase operating costs.”
  • 1/8/2018 – United Technologies was upgraded by analysts at Goldman Sachs Group Inc from a “neutral” rating to a “buy” rating.
  • 1/5/2018 – United Technologies was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating.
  • 1/3/2018 – United Technologies was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.

United Technologies Co. (UTX) opened at $125.03 on Monday. The company has a market cap of $99,996.28, a price-to-earnings ratio of 21.94, a P/E/G ratio of 2.12 and a beta of 1.08. United Technologies Co. has a twelve month low of $107.05 and a twelve month high of $139.24. The company has a quick ratio of 0.94, a current ratio of 1.35 and a debt-to-equity ratio of 0.80.

United Technologies (NYSE:UTX) last announced its earnings results on Wednesday, January 24th. The conglomerate reported $1.60 EPS for the quarter, topping the consensus estimate of $1.56 by $0.04. The firm had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $15.34 billion. United Technologies had a net margin of 7.61% and a return on equity of 17.35%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.56 EPS. analysts expect that United Technologies Co. will post 7.01 earnings per share 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 issued a $0.70 dividend. The ex-dividend date is Thursday, February 15th. This represents a $2.80 annualized dividend and a yield of 2.24%. United Technologies’s dividend payout ratio (DPR) is presently 49.12%.

In related news, VP Robert J. Bailey sold 827 shares of United Technologies stock in a transaction on 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 filing with the SEC, which is available at the SEC website. Also, VP Akhil Johri sold 5,979 shares of United Technologies stock in a transaction on Friday, December 1st. The stock was sold at an average price of $121.03, for a total transaction of $723,638.37. Following the completion of the transaction, the vice president now owns 23,295 shares in the company, valued at approximately $2,819,393.85. The disclosure for this sale can be found here. Insiders sold a total of 13,480 shares of company stock worth $1,658,028 in the last quarter. Insiders own 0.16% of the company’s stock.

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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