United Technologies (UTX) Earning Somewhat Positive Press Coverage, Analysis Shows

Media headlines about United Technologies (NYSE:UTX) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. United Technologies earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave headlines about the conglomerate an impact score of 46.1706214382732 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:

A number of brokerages have commented on UTX. Royal Bank of Canada raised shares of United Technologies from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. Robert W. Baird raised shares of United Technologies from a “neutral” rating to an “outperform” rating in a research note on Friday, January 5th. Goldman Sachs Group raised shares of United Technologies from a “neutral” rating to a “buy” rating in a research note on Monday. Cowen reissued a “hold” rating and issued a $120.00 price objective on shares of United Technologies in a research note on Friday, November 10th. Finally, Zacks Investment Research raised shares of United Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. United Technologies presently has an average rating of “Hold” and a consensus price target of $125.63.

United Technologies (NYSE:UTX) traded up $0.07 during trading on Thursday, hitting $134.99. 4,800,000 shares of the stock traded hands, compared to its average volume of 3,410,000. The company has a market cap of $107,800.00, a price-to-earnings ratio of 20.90, a PEG ratio of 2.29 and a beta of 1.07. The company has a quick ratio of 0.91, a current ratio of 1.31 and a debt-to-equity ratio of 0.76. United Technologies has a 12-month low of $106.85 and a 12-month high of $136.26.

United Technologies (NYSE:UTX) last released its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.05. The firm had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. United Technologies had a net margin of 8.79% and a return on equity of 17.66%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business earned $1.76 EPS. equities analysts forecast that United Technologies will post 6.61 EPS for the current year.

In related news, VP Robert J. Bailey sold 636 shares of United Technologies stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $124.35, for a total transaction of $79,086.60. Following the completion of the sale, the vice president now owns 1,500 shares in the company, valued at approximately $186,525. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Robert J. Bailey sold 827 shares of United Technologies stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $118.06, for a total transaction of $97,635.62. The disclosure for this sale can be found here. Insiders have sold a total of 16,466 shares of company stock valued at $2,019,274 in the last quarter. 0.16% of the stock is currently owned by company insiders.

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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.

Insider Buying and Selling by Quarter for United Technologies (NYSE:UTX)

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