United Technologies Corporation (UTX) Receives Coverage Optimism Score of 0.22

News headlines about United Technologies Corporation (NYSE:UTX) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. United Technologies Corporation earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave media coverage about the conglomerate an impact score of 46.2089527082379 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s analysis:

Several research analysts recently issued reports on the stock. BidaskClub lowered shares of United Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Cowen and Company reissued a “hold” rating and set a $120.00 target price on shares of United Technologies Corporation in a research note on Friday, November 10th. Royal Bank Of Canada reissued a “hold” rating and set a $125.00 target price on shares of United Technologies Corporation in a research note on Sunday, August 13th. Jefferies Group LLC reissued a “buy” rating on shares of United Technologies Corporation in a research note on Thursday, July 27th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $135.00 target price (up from $130.00) on shares of United Technologies Corporation in a research note on Friday, July 21st. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. United Technologies Corporation has a consensus rating of “Hold” and an average target price of $125.15.

Shares of United Technologies Corporation (NYSE UTX) opened at $118.80 on Wednesday. The company has a market cap of $95,000.00, a PE ratio of 17.84, a PEG ratio of 2.13 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 Corporation has a 1-year low of $106.21 and a 1-year high of $124.79.

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

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Friday, November 17th will be issued a $0.70 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.80 annualized dividend and a dividend yield of 2.36%. United Technologies Corporation’s dividend payout ratio is currently 43.34%.

In related news, EVP Michael R. Dumais sold 2,986 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $120.98, for a total transaction of $361,246.28. Following the completion of the sale, the executive vice president now owns 27,548 shares in the company, valued at $3,332,757.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

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United Technologies Corporation 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.

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

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