United Technologies Corporation (UTX) Upgraded at BidaskClub

BidaskClub upgraded shares of United Technologies Corporation (NYSE:UTX) from a sell rating to a hold rating in a report issued on Monday, August 7th.

Several other research firms also recently weighed in on UTX. Zacks Investment Research downgraded United Technologies Corporation from a buy rating to a hold rating in a report on Thursday, July 13th. Cowen and Company reissued a buy rating and issued a $127.00 price objective on shares of United Technologies Corporation in a report on Tuesday, July 25th. Morgan Stanley reissued an overweight rating and issued a $138.00 price objective (up from $132.00) on shares of United Technologies Corporation in a report on Monday, July 10th. Royal Bank Of Canada reissued a hold rating and issued a $125.00 price objective on shares of United Technologies Corporation in a report on Friday, July 7th. Finally, Stifel Nicolaus reissued a hold rating and issued a $126.00 price objective on shares of United Technologies Corporation in a report on Friday, July 7th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. United Technologies Corporation has an average rating of Hold and a consensus target price of $123.54.

United Technologies Corporation (NYSE UTX) opened at 115.48 on Monday. The firm’s 50-day moving average is $120.41 and its 200-day moving average is $117.13. The stock has a market capitalization of $92.24 billion, a price-to-earnings ratio of 17.59 and a beta of 1.06. United Technologies Corporation has a 52-week low of $97.62 and a 52-week high of $124.79.

United Technologies Corporation (NYSE:UTX) last announced its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.07. The firm had revenue of $15.28 billion during the quarter, compared to the consensus estimate of $15.24 billion. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.82 earnings per share. Analysts predict that United Technologies Corporation will post $6.58 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This story was reported by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The legal version of this story can be accessed at https://www.com-unik.info/2017/08/19/united-technologies-corporation-utx-upgraded-to-hold-by-bidaskclub-updated.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Friday, August 18th will be given a $0.70 dividend. This is a boost from United Technologies Corporation’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 annualized dividend and a yield of 2.42%. United Technologies Corporation’s dividend payout ratio is presently 42.68%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UTX. Alexandria Capital LLC boosted its position in United Technologies Corporation by 0.3% in the second quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock valued at $132,000 after buying an additional 3 shares during the last quarter. Rowland & Co. Investment Counsel ADV boosted its position in United Technologies Corporation by 0.3% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock valued at $143,000 after buying an additional 3 shares during the last quarter. TCI Wealth Advisors Inc. boosted its position in United Technologies Corporation by 0.3% in the first quarter. TCI Wealth Advisors Inc. now owns 2,501 shares of the conglomerate’s stock valued at $281,000 after buying an additional 7 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its position in United Technologies Corporation by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,788 shares of the conglomerate’s stock valued at $218,000 after buying an additional 8 shares during the last quarter. Finally, First Command Financial Services Inc. boosted its position in United Technologies Corporation by 0.3% in the first quarter. First Command Financial Services Inc. now owns 3,573 shares of the conglomerate’s stock valued at $401,000 after buying an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

United Technologies Corporation 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 Corporation (NYSE:UTX)

What are top analysts saying about United Technologies Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for United Technologies Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit