Headlines about United Technologies (NYSE:UTX) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. 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 media sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the conglomerate an impact score of 46.0084535978695 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Calculating The Fair Value Of United Technologies Corporation (NYSE:UTX) (finance.yahoo.com)
- United Technologies (UTX) Stock Rating Reaffirmed by Stifel Nicolaus (americanbankingnews.com)
- United Technologies (UTX) Research Coverage Started at Barclays (americanbankingnews.com)
- United Technologies Corporation (UTX) Ex-Dividend Date Scheduled for February 15, 2018 – Nasdaq (nasdaq.com)
- Airbus Halts Delivery of Pratt & Whitney Engines (msn.com)
A number of brokerages have recently issued reports on UTX. ValuEngine raised United Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $146.00 price target (up from $124.00) on shares of United Technologies in a research report on Thursday, January 25th. Cowen reaffirmed a “hold” rating and set a $141.00 price target on shares of United Technologies in a research report on Thursday, January 25th. UBS Group began coverage on United Technologies in a research report on Tuesday, January 23rd. They set a “buy” rating and a $158.00 price target on the stock. Finally, Goldman Sachs Group raised United Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $137.07.
United Technologies (NYSE:UTX) last released its earnings results on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.04. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The firm had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $15.34 billion. During the same period in the prior year, the firm earned $1.56 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. sell-side analysts predict that United Technologies will post 7.04 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 16th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, February 15th. United Technologies’s payout ratio is 42.68%.
In related news, VP Akhil Johri sold 5,979 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $121.03, for a total value of $723,638.37. Following the transaction, the vice president now directly owns 23,295 shares of the company’s stock, valued at approximately $2,819,393.85. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Robert J. Bailey sold 864 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $126.01, for a total value of $108,872.64. Following the completion of the transaction, the vice president now directly owns 2,000 shares in the company, valued at $252,020. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,480 shares of company stock worth $1,658,028. 0.16% of the stock is owned by insiders.
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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