United Technologies (NYSE:UTX) had its price target lowered by Barclays from $153.00 to $145.00 in a research note issued to investors on Monday morning. Barclays currently has an overweight rating on the conglomerate’s stock.
Several other equities research analysts have also weighed in on UTX. ValuEngine upgraded shares of United Technologies from a hold rating to a buy rating in a report on Friday, September 14th. Robert W. Baird raised their price objective on shares of United Technologies from $156.00 to $167.00 and gave the stock a neutral rating in a report on Thursday, September 20th. Zacks Investment Research upgraded shares of United Technologies from a hold rating to a buy rating and set a $159.00 price objective on the stock in a report on Tuesday, September 25th. Royal Bank of Canada dropped their price objective on shares of United Technologies to $148.00 and set an outperform rating on the stock in a report on Wednesday, October 24th. Finally, Wolfe Research set a $147.00 price objective on shares of United Technologies and gave the stock a buy rating in a report on Monday, November 26th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. United Technologies presently has a consensus rating of Buy and a consensus target price of $150.42.
UTX opened at $115.31 on Monday. The company has a current ratio of 1.52, a quick ratio of 1.17 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $95.16 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 1.81 and a beta of 1.07. United Technologies has a twelve month low of $114.74 and a twelve month high of $144.15.
United Technologies (NYSE:UTX) last posted its earnings results on Tuesday, October 23rd. The conglomerate reported $1.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.11. The company had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.10 billion. United Technologies had a net margin of 7.76% and a return on equity of 17.70%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the business posted $1.73 earnings per share. Research analysts predict that United Technologies will post 7.18 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 10th. Investors of record on Friday, November 16th were issued a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.55%. This is a positive change from United Technologies’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, November 15th. United Technologies’s dividend payout ratio (DPR) is presently 44.21%.
Several large investors have recently modified their holdings of the stock. Baldwin Brothers Inc. MA increased its stake in United Technologies by 45.3% in the 3rd quarter. Baldwin Brothers Inc. MA now owns 7,238 shares of the conglomerate’s stock valued at $1,012,000 after buying an additional 2,257 shares during the last quarter. Wade G W & Inc. increased its stake in United Technologies by 1.8% in the 3rd quarter. Wade G W & Inc. now owns 100,341 shares of the conglomerate’s stock valued at $14,029,000 after buying an additional 1,808 shares during the last quarter. Oakworth Capital Inc. increased its stake in United Technologies by 17.6% in the 3rd quarter. Oakworth Capital Inc. now owns 3,929 shares of the conglomerate’s stock valued at $550,000 after buying an additional 589 shares during the last quarter. American International Group Inc. increased its stake in United Technologies by 3.6% in the 3rd quarter. American International Group Inc. now owns 387,724 shares of the conglomerate’s stock valued at $54,208,000 after buying an additional 13,535 shares during the last quarter. Finally, Sun Life Financial INC increased its stake in United Technologies by 546.5% in the 2nd quarter. Sun Life Financial INC now owns 6,265 shares of the conglomerate’s stock valued at $784,000 after buying an additional 5,296 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.
United Technologies Company Profile
United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.
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