News coverage about United Technologies (NYSE:UTX) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing 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 earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the conglomerate an impact score of 46.4269649134736 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Vantage Investment Advisors LLC Maintains Holding in United Technologies Corporatio (UTX) (nismagazine.com)
- Trading Monitor: Following the Signals for United Technologies Corp (UTX) – Clawson News (clawsonnews.com)
- Korean Air Takes Delivery of First Bombardier C Series Aircraft Powered by Pratt & Whitney Geared Turbofan™ Engines (prnewswire.com)
- United Technologies (UTX) versus Moog (MOG.A) Head to Head Contrast (americanbankingnews.com)
- United Technologies Co. (UTX) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
A number of research firms have weighed in on UTX. Vertical Research cut United Technologies from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Tuesday, September 5th. Deutsche Bank cut their price target on United Technologies from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Wednesday, September 6th. Cowen restated a “hold” rating and issued a $120.00 price target on shares of United Technologies in a research note on Friday, November 10th. Bank of America restated a “buy” rating and issued a $140.00 price target on shares of United Technologies in a research note on Wednesday, September 6th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $126.00 price target on shares of United Technologies in a research note on Tuesday, October 10th. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. United Technologies presently has a consensus rating of “Hold” and a consensus price target of $125.63.
United Technologies (NYSE:UTX) last posted its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, topping the Zacks’ 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 business had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. During the same quarter in the previous year, the firm earned $1.76 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. equities research analysts forecast that United Technologies will post 6.61 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Sunday, December 10th. Investors of record on Friday, November 17th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Thursday, November 16th. United Technologies’s dividend payout ratio is currently 43.41%.
In related news, VP Robert J. Bailey sold 827 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $118.06, for a total transaction of $97,635.62. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Robert J. Bailey sold 864 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $126.01, for a total value of $108,872.64. Following the transaction, the vice president now directly owns 2,000 shares in the company, valued at approximately $252,020. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,466 shares of company stock worth $2,019,274. Corporate insiders own 0.16% 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.
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