News coverage about United Technologies Corporation (NYSE:UTX) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. United Technologies Corporation earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave headlines about the conglomerate an impact score of 46.82324198499 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- United Technologies Corporation (UTX) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Rating on United Technologies (UTX) Shares Drops to Sell (investorplace.com)
- One Put, One Call Option To Know About for United Technologies (stockoptionschannel.com)
- This Cloud Hanging Over Boeing Rival Airbus Just Got Darker (finance.yahoo.com)
- William Blair Analysts Increase Earnings Estimates for United Technologies Corporation (UTX) (americanbankingnews.com)
A number of brokerages recently commented on UTX. BidaskClub lowered shares of United Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Cowen and Company restated a “hold” rating and set a $120.00 target price on shares of United Technologies Corporation in a research report on Tuesday, October 24th. Royal Bank Of Canada restated a “hold” rating and set a $125.00 target price on shares of United Technologies Corporation in a research report on Sunday, August 13th. Stifel Nicolaus restated a “hold” rating and set a $126.00 target price on shares of United Technologies Corporation in a research report on Friday, July 7th. Finally, Zacks Investment Research lowered shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $125.15.
United Technologies Corporation (NYSE:UTX) last announced its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.05. United Technologies Corporation 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 analyst estimates of $14.99 billion. During the same period in the previous year, the business posted $1.76 earnings per share. United Technologies Corporation’s revenue for the quarter was up 4.9% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Friday, November 17th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.80 annualized dividend and a yield of 2.34%. United Technologies Corporation’s payout ratio is presently 43.41%.
About United Technologies Corporation
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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