United Technologies Co. (NYSE:UTX) has been given a consensus rating of “Hold” by the twenty ratings firms that are currently covering the company, Marketbeat.com reports. Twelve analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $127.50.
UTX has been the topic of a number of research analyst reports. Royal Bank of Canada restated a “hold” rating and set a $126.00 price target on shares of United Technologies in a research report on Tuesday, October 10th. Zacks Investment Research downgraded United Technologies from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Cowen reaffirmed a “hold” rating and set a $120.00 price objective on shares of United Technologies in a report on Tuesday, October 24th. Stifel Nicolaus upped their price objective on United Technologies from $122.00 to $124.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, Atlantic Securities raised United Technologies from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th.
United Technologies (NYSE UTX) traded up $0.19 during midday trading on Monday, reaching $134.61. The company had a trading volume of 3,208,587 shares, compared to its average volume of 3,560,000. The company has a market cap of $107,500.00, a price-to-earnings ratio of 20.84, a PEG ratio of 2.33 and a beta of 1.07. United Technologies has a 1-year low of $106.85 and a 1-year high of $137.73. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.31.
In other news, VP Robert J. Bailey sold 864 shares of the stock in a transaction on 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 owns 2,000 shares of the company’s stock, valued at approximately $252,020. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Akhil Johri sold 5,979 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $121.03, for a total value of $723,638.37. Following the completion of the transaction, the vice president now directly owns 23,295 shares in the company, valued at approximately $2,819,393.85. The disclosure for this sale can be found here. In the last three months, insiders sold 16,466 shares of company stock worth $2,019,274. 0.16% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. Curbstone Financial Management Corp raised its stake in United Technologies by 2.3% during the 2nd quarter. Curbstone Financial Management Corp now owns 10,137 shares of the conglomerate’s stock worth $1,238,000 after buying an additional 225 shares during the period. Trust Co raised its stake in United Technologies by 0.3% during the 1st quarter. Trust Co now owns 21,837 shares of the conglomerate’s stock worth $2,450,000 after buying an additional 65 shares during the period. Stillwater Capital Advisors LLC raised its stake in United Technologies by 1.6% during the 2nd quarter. Stillwater Capital Advisors LLC now owns 101,462 shares of the conglomerate’s stock worth $12,390,000 after buying an additional 1,555 shares during the period. Beacon Financial Group raised its stake in United Technologies by 4.6% during the 2nd quarter. Beacon Financial Group now owns 8,189 shares of the conglomerate’s stock worth $996,000 after buying an additional 357 shares during the period. Finally, First Command Bank raised its stake in United Technologies by 4.3% during the 2nd quarter. First Command Bank now owns 3,728 shares of the conglomerate’s stock worth $456,000 after buying an additional 155 shares during the period. 80.07% of the stock is currently owned by institutional investors.
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United Technologies 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.
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